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What You Need to Know to Avoid PPP Loan Forgiveness Pitfalls (2)

Sept. 9, 2020, 8:45 AM; Updated: Sept. 15, 2020, 4:16 PM

This is the first installment in an ongoing series on how to navigate various pandemic aid programs. In this segment we cover loan forgiveness for Paycheck Protection Program recipients, including the most recent news and practitioner Insights on questions to consider. We also include Forms 3508 and 3508EZ.

Future installments will cover CARES Act retirement changes, how banks and businesses can minimize PPP litigation risks, and avoiding litigation over employee leave.

The Paycheck Protection Program is the sweeping government-backed loan program established in the CARES Act (Public Law 116-136) to help small businesses pay workers and cover other...

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