- Credits: 2
- Format: Scheduled Webinar
- Field of Study: Federal Tax Update
- Author/Speaker: Mary Jane Hourani, MM, EA
| Course ID: | Advanced Preparation: | Experience Level: |
|---|---|---|
| EWTFM-U-01680-21-O | CTEC: 6233-CE-0402 | None | Overview |
| Published Date: | Program Prerequisites: | Other Course Formats: |
| © January 2021 | Basic Understanding of Taxation | Self-Study eBook | Self-Study Video | Self-Study Audio | OnDemand Webinar |
COURSE DESCRIPTION
This course will discuss the new tax provisions related to Economic Disaster Relief, Paycheck Protection Programs, and Forgiveness as well as the Employee Retention Credit.
Topics include:
- Loans and Grants
- PPP Loan Forgiveness
- Taxation of Loans and Grants
- Expense Restrictions of PPP Loans Forgiveness
- Casualty Loss Update
Learning Objectives:
- Review the funding options provided under the CARES Act
- Differentiate between the loans and grants
- Discuss the loan forgiveness process
- Determine the taxation of loans and grants
- Understand the restrictions on expenses of the loans and the impact on Partner/Shareholder Basis
- Discuss changes to Employee Retention Credit under the COVID-related Tax Relief Act of 2020
- Review changes in Casualty Loss Rules
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Return Preparers (TRPs)
