Hi everyone,
Here are a group of 5 companies, one Parent and the rest are 100% owned subsidiaries. Each entity has its own EIN but they filed consolidated tax return.
All payroll of the employees are paid through one subsidiary and it applied and acquired PPP loan. Another subsidiary applied EIDL loan Advance.
Question: When the subsidiary apply for PPP forgiveness, should the applicant exclude the EIDL advance from another subsidiary?
Thank you,