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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
COURSE DESCRIPTION

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:
NASBA
IRS
CTEC