To determine if you or your clients are eligible for PPP Loan Forgiveness see the Paycheck Protection Program page at the U.S. Small Business Administration.
The SBA forms are not available within the tax software but are available for download directly from the SBA.
- SBA Form 3483 - PPP First Draw Borrower Application Form
- SBA Form 2483SD - PPP Second Draw Borrower Application Form
- Loan Forgiveness Application 3508S if the borrower received a PPP loan of $150,000 or less
- Loan Forgiveness Application Form 3508
- Loan Forgiveness Application Form 3508EZ
Related topics from the SBA and Treasury:
- Overview of First Draw PPP Loans
- Overview of Second Draw PPP Loans
- Procedural Notice- Modifications to SBA Form 3506, 3507 and 750CA for PPP Only.
- Procedural Notice- SBA Procedural Notice on Repeal of EIDL Advance Deduction
- AICPA issues guidance on accounting for forgivable PPP loans
- Treasury and IRS Issued Guidance Clarifying the Deductibility of Expenses where a Business Received a PPP Loan
For details on entering PPP Loan Forgiveness in the 2020 tax returns see:
