Just when it seemed like things in the tax world were starting to get back to a somewhat normal feeling, the US Treasury and Small Business Administration decided to release new Frequently Asked Questions on Paycheck Protection Program Loan Forgiveness. The Treasury’s website was updated today, August 4, 2020, with a new PDF document.
You can find the Treasury’s website here and a link to the document is here.
I’ll try to update this post or create a new one once I have some time to read and digest this information. In the meantime, check out the new FAQs.