Paycheck Protection Program Information and Updates

• Independent Contractor/Self-Employed Individual, Sole Proprietor (without workers) Payroll Documentation

1. IRS Form 1040 Schedule C or 1040 Schedules 1 and F for farmers and ranchers 2. IRS Form 1099-MISC detailing nonemployee payment, IRS Form 1099-K, or invoice or bank declaration showing you might be self-employed 3. An invoice or bank statement that demonstrates you’re in operation on 15, 2020 february

Sole Proprietor With Employees Payroll Documentation

1. IRS Form 1040 Schedule C or 1040 Schedules 1 and F for farmers and ranchers 2. IRS Form 941 and State quarterly wage unemployment insurance coverage income tax reporting forms for many four quarters (or payroll that is equivalent documents or Tax and Wage Statements). Organizations that file yearly IRS Forms 943 or 944 can use those in place of quarterly 941s 3. Evidence of https://personalbadcreditloans.net/reviews/moneytree-loans-review/ your your retirement and health, dental, eyesight, term life insurance efforts, if any 4. A payroll declaration or similar paperwork from the pay duration that covered February 15, 2020 to determine you had been in procedure during those times

Partnership Payroll Documentation

1. IRS Form 1065 including K-1s 2. you must also submit: if you had employees,

• IRS Form 941 and State quarterly wage unemployment insurance coverage taxation reporting forms for all four quarters (or comparable payroll processor documents or Tax and Wage Statements). Organizations that file IRS that is annual Forms or 944 might use those in place of quarterly 941s
• Proof of health and retirement, dental, vision, life insurance coverage efforts, if any

3. If you’d workers, a payroll declaration or comparable documents through the pay duration that covered February 15, 2020 to determine you had been in procedure at that moment, or if you didn’t have workers, an invoice or bank statement that demonstrates you had been in operation on February 15, 2020

1. IRS Form 941 and State quarterly wage unemployment insurance coverage income tax reporting forms for many four quarters (or comparable payroll processor documents or Tax and Wage Statements). Organizations that file yearly IRS Forms 943 or 944 might use those rather than quarterly 941s 2. IRS Form 1120, 1120-S, 990, 990-EZ, as applicable, or other proof of your retirement and wellness, dental, vision, life insurance coverage contributions, if any 3. A payroll declaration or documentation that is similar the pay duration that covered February 15, 2020 to ascertain you had been in procedure in those days