KSDT L&D- Consolidated Appropriations Act [CAA] and Important PPP Updates [1 CPE]

Overview

The Consolidated Appropriations Act (CAA), 2021 contains many newly enacted changes to the Internal Revenue Code and to the Small Business Administration’s PPP loan program. This course provides coverage of the technical changes critical to tax practitioners, including PPP loan forgiveness, stimulus checks, supplemental unemployment, and much more.

Key Presenters:  Isabel Goldberg, CPA-KSDT Tax Partner

Major Topics:

  • Businesses and other entities eligible for forgiveness loans under the new PPP loan program- ‘2nd Draw’
  • Changes to PPP loan relief applications, including a simplified loan forgiveness process for loans of $150,000 or less
  • Basis increases for tax-exempt income associated with PPP loan forgiveness
  • Deductibility of eligible business expenses funded with a PPP loan
  • Other CAA tax changes impacting individuals and businesses

Learning Objectives

  • Be familiar with the new tax changes and PPP loan rules contained in the CAA

Designed For
KSDT CPAs, EAs, tax preparers and other tax professionals with responsibility for client guidance on COVID related topics and relief

Level
Beginner/Intermediate

Instructional Method
Group Live

 NASBA Field of Study:  Taxes (1 CPE hours)

 Program Prerequisites
None

 Advance Preparation
None

 

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Date

Jan 26 2021
Expired!

Time

12:00 pm - 1:00 pm

Labels

Tax

Location

Microsoft Teams (Only)