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Simplified application for forgiveness of the Payroll Protection Program loans

  • Writer: Schoelles and Associates
    Schoelles and Associates
  • Oct 13, 2020
  • 1 min read

Updated: Nov 10, 2020


The Treasury Department and SBA released a simplified application for forgiveness of the Payroll Protection Program loans. This is not for automatic forgiveness. So if you received less than $50,000 from this program, Form 3508S will be less complicated to complete. Substantiation is still required and approval must be obtained.




 
 
 

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