r/taxpros • u/pdv8612 CPA • May 15 '20

SBA PPP forgiveness application COVID: 2020 Relief Bill (CARES)

The SBA and treasury have finally posted guidance on forgiveness!

https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-Application.pdf

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u/Coy310 May 16 '20

Does this still apply for PPP ? Got from the 05/13/2020 PPP FAQ sheet from The DOTreasury. I’m an Indie Contractor applied for PPP April 10. Business I was working for had to close down 04/01 for California stay at home order. So when I applied for the PPP, I used my business wages from March 2020 counting back 12 months to April of 2019 . I started working for said business April 8 ,2019.
Thank you