...New eBook Course!!!...Accounting and Financial Disclosures for the Employee Retention Credit (ERC) and the Pass-Through Entity (PTE) Tax New eBook Course!!! ADD TO CART      ...Every Monday til May!...Federal Tax Update: Individual 2021 8hrs $199 Choose Your Date ...Every Friday til May!...Federal Tax Update: Business 2021 8hrs $199 Choose Your Date ...LIVE!!!...1/27 @3pm (edt) The "New" Form 7203 & How to calculate Shareholder Basis First Airing!!! ADD TO CART     

COVID-Related Tax Relief Act of 2021 (video)

  • Credits: 2
  • Format: Self-Study Video
  • Field of Study: Federal Tax Update
  • Author/Speaker: Mary Jane Hourani, MM, EA
Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01680-21-O | CTEC: 6233-CE-0402 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© January 2021 Basic Understanding of Taxation eBook Self-Study | Self-Study Audio | OnDemand Webinar | Live Webinar

This course will discuss the new tax provisions related to Economic Disaster Relief, Paycheck Protection Programs, and Forgiveness as well as the Employee Retention Credit.

Topics include:
  • Loans and Grants
  • PPP Loan Forgiveness
  • Taxation of Loans and Grants
  • Expense Restrictions of PPP Loans Forgiveness
  • Casualty Loss Update

Learning Objectives:

After reading the course material, you will be able to:

  • Review the funding options provided under the CARES Act
  • Differentiate between the loans and grants
  • Discuss the loan forgiveness process
  • Determine the taxation of loans and grants
  • Understand the restrictions on expenses of the loans and the impact on Partner/Shareholder Basis
  • Discuss changes to Employee Retention Credit under the COVID-related Tax Relief Act of 2020
  • Review changes in Casualty Loss Rules

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with All State Boards of Accountancy and the following sponsorship’s: