PPP Loans: Forgiveness Rules and Filling Out the Forgiveness Forms (Completed)

Date: Wednesday, September 16, 2020
Instructor: Greg White
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

If your clients have received PPP loans, the planning has just begun. We’ll cover crucial issues related to the recently passed Paycheck Protection Flexibility Act and how to maximize debt forgiveness based on the most current information issued by the SBA:


  • Do you qualify to use Form 3508-EZ?
  • When can you submit the forgiveness applications?
  • Can you keep your original 8-week covered period?
  • What information do you include with the forgiveness applications?

Who Should Attend
Practitioners advising individual and business clients.

Topics Covered

  • Practical planning ideas to maximize forgiveness
  • Planning for the FTE and wage reduction haircuts

Learning Objectives

  • Identify the new legislation and how it applies your clients
  • Recognize how to complete the forgiveness application
  • Identify remaining areas where we still lack guidance

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of individual and business tax preparation.

Advance Preparation
None

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