Self-employed individuals without employees may benefit from the Payroll Tax Deferral by O Filing Form 7200 O Claiming a refundable credit on their 2019 Form 1040 or 1040-SR. O Filing Form 941 Reducing their 2020 estimated payments. Mark for follow up Question 13 of 35. Lisa owns a small business and has several employees she continued to pay during 2020. She also received a Paycheck Protection Program (PPP) loan. Which is TRUE about the Employee Retention Credit? Lisa cannot claim the Employee Retention Credit because she has received a PPP loan. Lisa can claim the Employee Retention Credit as long as she does not apply to have the PPP loan forgiven. Lisa may be able to benefit from both the Employee Retention Credit and PPP loan forgiveness. Lisa cannot use the same wages for the Employee Retention Credit and the PPP loan forgiveness application. Mark for follow up Save / Return Later Back Summary Next >> Tor follow up Question 13 of 35. Lisa owns a small business and has several employees she continued to pay during 2020. She also received a Paycheck Protection Program (PPP) loan. Which is TRUE about the Employee Retention Credit? Lisa cannot claim the Employee Retention Credit because she has received a PPP loan. Lisa can claim the Employee Retention Credit as long as she does not apply to have the PPP loan forgiven. Lisa may be able to benefit from both the Employee Retention Credit and PPP loan forgiveness. Lisa cannot use the same wages for the Employee Retention Credit and the PPP loan forgiveness application Mark for follow up