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
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.