Nov 19, 2020
IRS Confirms PPP Loan Forgiveness is Taxable in 2020
Guiding You Through the SBA Disaster Loan Program Process
The COVID-19 pandemic has placed a huge economic burden on businesses across the country. Through the Small Business Administration (SBA) disaster loan programs, many businesses and individuals will hopefully be able to secure the financial assistance they need to meet their obligations during this difficult time.
While many await funding from the SBA 7(a) loan program and SBA Economic Injury Disaster Loan (EIDL) program there are many questions related to EIDL grants and loans, PPP loan forgiveness calculations and limitations, and stimulus money which need clarification. Withum’s SBA Financial Assistance Services Team has been staying on top of guidance released daily by the IRS and other Federal and State government entities. Click the articles below for the most relevant information available.
PPP News: SBA Approvals, Form 3509 Distribution and Disclosure Updates
SBA Intends to Release Two New Forms for Large PPP Borrowers
SBA Releases Updated PPP Loan Forgiveness Application(s)
PPP and the Enigma of Loan Forgiveness (5-6-20)
Additional Funding Authorized for PPP Program (4-26-20)
Preparing PPP Forgiveness Calculations (4-24-20)
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