My question has to do with PPP loans that are forgiven.

We were promised by Congress & the Presidents these loans would be forgiven and tax free if we followed the guidelines.

Later the IRS told us the expenses paid by the forgiven loans would be non deductible.  This means the loan forgiveness is actually taxable and this is goes against the intent of Congress.

Is anything being done to reverse the IRS ruling ?   This affects a whole lot of our clients and myself.