CPE Course PPP Loan Forgiveness and Other COVID-19 Tax Developments

December 10, 2020

8:30am — 12:30pm

Location

Member Price $139.50
Non-member Price $179.50

Curriculum Taxation, Other

Field of Interest Taxation (General), Paycheck Protection Program, Other, Remote Presentation

Level Beginning

Designed For

Objective

Now that borrowers have exhausted their PPP loan funds, attention turns to the application for forgiveness process and issues. In this session we will look at the options borrowers have when applying for forgiveness, as well as the pros and cons of applying immediately for forgiveness or waiting a while before starting the application process. We'll also look at any recent developments arising as Congress considers additional relief provisions and the Administration begins implementing their own programs.

Highlights

·  A review of eligible payroll and non-payroll costs for forgiveness, including additional guidance on health care and retirement costs issued by the SBA

·  The various special safe harbors for avoiding or reducing the impact of the FTE reduction of forgiveness

·  The SBA's process for forgiveness applications and the appeals process available to borrowers

·  Accounting issues that arise with PPP loans, both before and after forgiveness

·  Payroll tax deferrals for employees - beginning the deferral period

Instructors

Edward Zollars, CPA

Ed Zollars, CPA, is an instructor at Kaplan Financial Education and a frequent contributor to the site Current Federal Tax Developments. With more than 30 years’ experience as a CPA and tax expert, he is a graduate of Arizona State University where he received the Moeur Award for academic achievement.close

Prerequisites

None

Developer

Loscalzo Associates, Ltd.

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