Thank you Tennessee!

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DUE DATES TO FILE FORM 941-X

TO CLAIM ERTC

IF YOU DIDN’T PREVIOUSLY CLAIM THE ERTC,

YOU HAVE 3 YEARS FROM THE DATE THE ORIGINAL FORM 941

OR

2 YEARS FROM DATE YOU PAID THE TAX REPORTED ON FORM 941,

WHICHEVER IS LATER.

FORM 941 FOR ANY CALENDAR QUARTER IS DUE

BY THE END OF THE FOLLOWING MONTH

1ST QUARTER – JAN, FEB, MARCH – FORM 941 DUE APRIL 30TH

2ND QUARTER – APRIL, MAY, JUNE – FORM 941 DUE JULY 31ST

3RD QUARTER – JULY, AUG, SEPT – FORM 941 DUE OCTOBER 31ST

4TH QUARTER – OCT, NOV, DEC – FORM 941 DUE JANUARY 31ST

https://www.irs.gov/forms-pubs/about-form-941-x

PPP LOAN FORGIVENESS:  SCHEDULE C OR F FILER

WITH NO EMPLOYEES

ONLY PROVIDES SCHEDULE C OR F

 

IRS PUBLICATION 334, SEE PAGE 33, BOTTOM RIGHT WHERE IT SAYS "EMPLOYEE'S PAY" 

https://www.irs.gov/pub/irs-pdf/p334.pdf 

 

 

SBA FAQs:  PAGE 6, LAST SENTENCE IN "SELF-EMPLOYED SCHEDULE C" (SECTION AT TOP)

https://www.sba.gov/document/support-faq-about-ppp-loan-forgiveness 

 

 

SEE ANY PPP LOAN FORGIVENESS APPLICATION

SBA WEBSITE ON PPP LOAN FORGIVENESS

https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness

PER SBA:  YOU CAN FILE FOR PPP LOAN FORGIVENESS ANYTIME

BEFORE THE MATURITY OF THE PPP LOAN

NOT APPLYING ON OR BEFORE THE END OF THE PAYMENT DEFERMENT PERIOD

DOES NOT AFFECT THE FORGIVENESS OF THE PPP LOAN 

PPP LOANS ISSUED BEFORE JUNE 5, 2020 HAVE A 2 YEAR MATURITY DATE

PPP LOANS ISSUED JUNE 5, 2020 OR AFTER HAVE A 5 YEAR MATURITY DATE

PER SBA:  DEFERMENT OF PAYMENTS ON PPP LOANS DOES NOT AFFECT FORGIVENESS

 

PAYMENTS ARE DEFERRED 10 MONTHS FOLLOWING THE 24 WEEK COVERED PERIOD

https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness