Dec 1, 2020
New tax and financial information is cropping up so fast, and has over the last 8 months, creating opportunity, confusion, and complexity. We try to sift through that in this conversation pertaining to the PPP loan. If you took a loan, you’re going to want to listen. If you didn’t, you’re still going to want to listen for those with 1099 income, as talks are looming that more PPP money might become available.
We dig into what the forgiveness process looks like, the various deadlines to apply for forgiveness, different form types, why it may make sense to wait, and if you owe interest on your loan. We conclude with the IRS’ big “gotcha” regarding your 2020 taxes.