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20WX-3169: COVID-19: Loan Provisions and Forgiveness Update (Webinar)

Date Monday, March 29, 2021
Time 10:30am - 1:30pm
Central Time
Location Online
CPE credits CPE 3.0
Field(s)
of study
Taxes - Technical (3.0)
Instructor Steven Dilley, PhD, CPA, JD
Federal Tax Workshops, Inc.
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $99.00
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Description

This course will discuss the revised PPP loan provisions included in the December 27, 2020 Stimulus bill. It integrates the retroactive changes into the PPP1 program and also discusses the PPP2 program. The presentation addresses the many loan issues impacting CPAs and their clients for both PPP1 and PPP2 loans. The unique loan reporting challenges facing practitioners are related through actual practice situations -- and then analyzed for their reporting implications.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Who should take this program?

CPAs in public practice seeking an update on the latest tax developments affecting loans and loan forgiveness.

Major subjects

  • New Stimulus PPP loan provisions and how retroactive changes to PPP1 affect what to do about forgiveness of those loans
  • Comparison of PPP1 and PPP2 loans -- application and forgiveness forms
  • "Real-life" examples -- practice issues CPAs are dealing with in these extraordinary times
  • Tax and accounting issues arising from the loan and loan forgiveness provisions -- deductions vs. income exclusion
  • Comprehensive example filled in on loan forgiveness application

Learning objective(s)

  • To provide an exploration of numerous practice situations occasioned by the loan-related provisions in the COVID-19-related legislation.

Notes:

Course code Code 20WX-3169
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Basic working knowledge of practice management.
Advance
prep
None
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