PPP Loan Forgiveness Applications Due
June 22, 2021 - PPP loan forgiveness must be applied for within ten months after the last day of your covered period. If borrowers do not timely apply for forgiveness, the PPP loan payments are no longer deferred, and borrowers will begin making loan payments to their PPP lender.
The application process may take several weeks. If you would like our assistance, please let your tax professional at Dermody, Burke & Brown know as soon as possible.
The information reflected in this article was current at the time of publication. This article will not be modified or updated for any subsequent tax law changes, if any.