CPE Course Surgent's IRS Notice 2021-20: Changes to PPP Loan Forgiveness and the Employee Retention Tax Credit

Location Webinar

Member Price $69.00
Non-member Price $99.00

Curriculum Taxation

Field of Interest

Level Update

Designed For

Any tax practitioner advising clients with respect to preparing individual and business income tax returns for 2020, or anyone wishing to be informed on the latest IRS guidance

Objective

  • Understand and advise clients now regarding the interaction between PPP loan forgiveness and the Employee Retention Tax Credit, as well as other critical developments included in IRS Notice 2021-20

Highlights

  • How to claim the ERTC
  • Options for taxpayers eligible for the ERTC who did not claim it for 2020
  • Eligible employers
  • The ERTC and its interaction with PPP loans
  • The maximum amount of an employer’s ERTC
  • Meaning of full and partial suspension of business
  • The deemed election for qualified wages
  • Aggregation rules
  • Significant declines in gross receipts

Instructors

Prerequisites

Basic knowledge of income taxes

Developer

Surgent McCoy CPE, LLC

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