COVID Related Tax Relief Act of 2021

COVID Related Tax Relief Act of 2021
$39.00 each

  • Credits:  2
  • Format: OnDemand Webinar
  • Field of Study: Federal Tax Update
  • Author/Speaker: MaryJane Hourani
*Content Preview
Available Formats:
Advanced Preparation:None
Experience Level:Overview
Program Prerequisites:General Understanding of Taxation
Course ID:EWTFM-U-02042-23-O | 6233-CE-0849 | MJH-423.23-OD
Published Date:Registered for 2023

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:

After reading the course material, you will be able to:

  • 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)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships: