Return of EIDL

Technical topics regarding tax preparation.
#1
Posts:
119
Joined:
19-Aug-2019 11:11am
Location:
phoenix
Does anyone know procedure to return EIDL loan proceeds

Called SBA and they said just send them a check but want to send it to correct place so loan gets satisfied
 

#2
skassel  
Posts:
680
Joined:
22-Apr-2014 6:04pm
Location:
San Mateo County, CA
It's in the paperwork your client signed. But why would anyone want to give back a loan that 3.75% over 30 years????
Steve Kassel, EA
 

#3
Posts:
5743
Joined:
21-Apr-2014 7:21am
Location:
The Land
skassel wrote:But why would anyone want to give back a loan that 3.75% over 30 years????

I’m fairly confident you can think of at least one reason why someone would want to return proceeds from a loan, regardless of the interest rate.
 

#4
skassel  
Posts:
680
Joined:
22-Apr-2014 6:04pm
Location:
San Mateo County, CA
Fraud sir, fraud? Fraud you say? Perish the thought!
Steve Kassel, EA
 


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