Those are the 3508 applications and the new 3508EZ form. If you meet at least one of the three requirements below, you may be able to complete and submit the EZ PPP loan forgiveness application.

WASHINGTON — Recipients of a Paycheck Protection Program (PPP) loan can save time by utilizing a simplified PPP forgiveness application, if the recipient falls into one of three categories. The ...

Firstly, there is the 3508EZ Form, which is available for self-employed individuals with no employees or those who kept their employees count, and salaries and wages at a specified level.

Your lender should be able to provide guidance on filling out either the SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a lender equivalent. What do you think so far? Be the first to post a ...

Those who didn’t reduce their full time employee equivalent (FTE) in 2020 by more than 25%, but whose loan was in excess of $150,000, should use the easier Form 3508EZ application.

EZ Form (3508EZ). As the name suggests, form 3508EZ is rather ‘easy’ to file. (Of course, your idea of ‘easy’ may not coincide with the perceptions of the IRS and SBA.) ...

To apply for forgiveness, businesses should contact their lender and complete either the SBA Form 3508, SBA Form 3508EZ or SBA Form 3508S.

The first one clarifies that sole proprietors, independent contractors, and self-employed individuals who had no employees at the time of the PPP loan application and did not include any employee ...

A new, free tool developed by the AICPA and fintech lender Biz2Credit is designed to help borrowers and their CPA advisers complete the forgiveness application for Paycheck Protection Program (PPP) ...

There are multiple PPP loan forgiveness application forms to choose from depending upon the circumstances of the borrower’s business and loan amount at issue, the simplest being Form 3580S ...