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SBA PPP loan?
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sand85
Posted 4/9/2020 07:42 (#8175466 - in reply to #8175115)
Subject: RE: SBA PPP loan?


C IL
Your two page OMB form is actually a four page form with two pages of data entry and two pages of instructions. The “instructions for completing this form” say right on them “net earnings from self-employment”.

You can only enter a PPP application once so if your bank hasn’t processed it I would contact them immediately.

AICPA also has a worksheet.

Rules and guidance seems to roll out every day with more info. UIUC tax school had a webinar yesterday, all sorts of employment law firms are publishing articles. You can read the interim final rule, it’s 40-some pages I believe.
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