SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs.
August 24, 2020 Owner-employees with < 5% interest Owner-employees of an S or C corporation with less than a 5% interest are not subject to the owner-employee compensation rule. Eligibility of amounts attributable to business operation of tenant or sub-tenant or household expenses eligible for forgiveness? No. Nonpayroll costs may not include any amounts attributable …