PPP Deductions, PPP Loans, EIDLs and Recovery Rebates

Author: Greg White

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC

Join expert, Greg White, CPA, as he covers the brand-new tax law including deductibility of PPP expenses, qualifying for Round 2 of the PPP loan program, and applying for the new PPP loans.

Greg will also cover other tax aspects of the bill including the 100% deduction for restaurant meals, extension of the above-the-line charitable contribution, tax treatment of EIDL’s, recovery rebates and the tax extender’s provisions.

Publication Date: January 2021

Topics Covered

  • Recovery Rebates
  • PPP Loans
  • Fixing Mistakes: Round 1 PPP Loans
  • PPP: Round 2
  • EIDL Advances
  • Retention Credit
  • Other Provisions
  • Shuttered Venue Operators
  • Extenders
  • Race to Determine Gross Receipts
  • New IFR's (Jan 6, 2021)

Learning Objectives

  • Recognize how the new tax law applies to your clients
  • Identify deductibility of PPP expenses
  • Recognize who qualifies for Round 2 of the PPP Loan program
  • Identify the recovery rebate phaseout beginning for single taxpayers

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $49.00

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