09/03/2026
PPP money was not personal purchase money.
Melinda Tolbert explains why federally backed loan proceeds came with restrictions, and why investigators can review bank statements, canceled checks, credit card transactions, wire transfers, cash withdrawals, accounting records, and payroll records.
If investigators see luxury vehicles, designer purchases, jewelry, personal vacations, or large cash withdrawals with no business purpose, those transactions can become evidence. Watch the full episode of IRS War Room.