Thanks for your response. Another question, in the instructions for line 9 (owner pay), it refers to 85 FR 21747. Reading that document related to amounts eligible for forgiveness, it states that forgivable amounts include "covered benefits for employees (but not owners)". This is the first time I've seen this language. Does this mean we can't include healthcare costs for owners?
Thanks again for responding,
Vickie Tischendorf, CFO
Martel Construction, Inc.
"Challenges make you discover things about yourself that you never really knew".
I could be wrong about this, it wouldn't be the first time, but I think that 85 FR 21747 deals with Self-Employed individuals, Schedule C and not a corporation, partnership or S-Corp. I still believe that corporate owner fringe benefits and retirement plan contributions are part of the forgiveness calculation.
I'd love to hear other opinions on this.
Steve Brunner, CPA, CVA, MAFF
Chief Financial Officer
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