Topics include how to integrate the application for the forgiveness of a First Draw or Second Draw PPP Loan with Form 941-X for the employee retention credit (ERC) for the second, third, and fourth quarters of 2020 and the first quarter of 2021 using nonpayroll costs first, non-FICA wage payroll costs second, and FICA wage payroll costs last in order to squeeze the last dollar out of both PPP loan forgiveness and the ERC by filling out lines 26, 30, 33a, and 37 of Form 941-X correctly, led by an instructor who actually has done this for at least one client as opposed to the clones (sometimes pronounced like the word clowns) who merely talk about how to do this analysis but who have not actually done it from A-Z for a particular client.Also discussed is the reduction in the deduction for wages paid which is required by Section 280C for the taxable year that the ERC is earned (as opposed to the taxable year that the ERC is refunded).
Lucien P. Gauthier is an attorney and CPA admitted to practice in Massachusetts.Education: Boston University College of Business Administration. B.S. in B.A. (1965), cum laude. Accounting major. Class standing: 6/268.Boston University School of Law. Juris Doctor (1968), cum laude. Class standing: 21/266.Boston University School of Law, Graduate Tax Program. Master of Laws in Taxation (1969). First in graduating class.George Washington University National Law Center. Master of Laws (1973). Concentration in Federal Tax Law and Government Contract LawEmployment Experience1968-1970 Tax Supervisor, Coopers & Lybrand, Boston1970-1973 Captain, U.S. Army, Judge Advocate General’s Corps1973-1976 Tax Manager, Arthur Young & Company, Boston1976-1979 Tax Manager, Coopers & Lybrand, Boston1979-1981 Tax Attorney, Hutchins & Wheeler, Boston1981-2014 Tax Attorney in Private PracticeFaculty Appointments1974-1986 Adjunct Assistant Professor, Bentley College Graduate Tax ProgramTeaching ExperienceBoston University Institutes on Federal TaxationBentley College Institutes on Federal TaxationGreater Boston Association of Financial PlannersVarious Professional and Business GroupsBoston Tax Institute, Ltd.close
Boston Tax Institute