Forgiveness

PPP Loan Forgiveness IFR issued 8/24/2020

New SBA IFR on PPP Loans Released Today – 8/24/2020

The tax community has been expecting additional Interim Final Rules (IFR’s) for the Paycheck Protection Program (PPP) loans for a long time now. The speed at which these IFRs have been released has slowed down considerably, but, lo and behold, the Small Business Administration has released a NEW IFR today, August 24, 2020. The title […]

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NEW Frequently Asked Questions on PPP Loan Forgiveness 4 Aug 2020

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

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PPP Loan Forgiveness Application Form 3508EZ

PPP Loan Forgiveness Application – updated 6/16/2020

Things have been slowing down on the Paycheck Protection Program front for a few days (PPP), which feels like an eternity in today’s world. Well have no fear, the Small Business Administration has been busy behind the scenes coming up with tweaks to the PPP and the application for the forgiveness of the loan proceeds.

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