11/16/20 – Form 3508S Simplified Application Video

With the release of Form 3508S, a simplified PPP forgiveness application for loans under $50,000, we thought it would be helpful to record a short video explaining who exactly qualifies for this new application and how to fill it out. The application is very easy, so you may find you can fill it out on your own. See below for our short 5-minute guide, click here for a fillable application, and click here for instructions for the simplified form. Since this video was recorded, the IRS and Treasury have come out with additional guidance regarding the tax impact of the PPP loan, which we have summarized in our 11/25 update. As always, feel free to reach out with any questions you may have.