PPP Deductions, PPP Loans, EIDLs and Recovery Rebates (Currently Unavailable)
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
