My first post on my new computer with a new I.P. address. This is Edsel from previous posts - not sure how to register with the same name.
The forum for the CoronaVirus topics has slowed down. I would like to ask a question where others can respond. Monitors can move the thread if they so desire.
Subject: I'm being tormented to death by a few Sch C customers who want me to apply for loan forgiveness. In a couple cases, I didn't even assist with the application - it was done entirely by their bank. And now the bank doesn't want to file for forgiveness.
I was told (and it was all over the news media a couple months ago) that a single Sch C filer with loans under $150,000 would be automatically forgiven without having to apply. Can anyone point to a citation that would confirm this? I've got a couple that I will have to do, but I don't want to fool with those for which I had nothing to do with...
Thanks in advance - Ron Jordan
