On December 21st Congress passed a $2.3 trillion spending bill, which included about $900 billion of which is directed to relief programs, including a new round of PPP loans (PPP-2). On January 6th, the SBA release interim guidance for implementation of PPP-2. This program will provide a detailed review of the PPP program generally, and how the new guidance applies to businesses seeking either 1st or 2nd draw PPP loans. We will also review the tax related provisions, such as the expanded Employee Retention Tax Credit (ERTC) and expenses paid with PPP loans.
PPP loans generally
Second Round of PPP Funding
Clarification of Tax Treatment of PPP Loans
Employee Retention Tax Credit (ERTC)
Ethical issues (what you can and cannot advise clients)
Due to the in-depth nature of this workshop, attendance is limited to 100 attendees so all attendee questions can be answered.
About the Instructor:
Jeff represents business and individuals around the country in matters involving bankruptcy, civil and criminal tax litigation, and business litigation. Jeff is a Fellow of the American College of Tax Counsel (ACTC), and has been included in the 2021 Edition of The Best Lawyers in America© for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. He received his J.D. from the University of Connecticut School of Law, and received his LL.M from Boston University School of Law.
Special Program Pricing $149
IRS CE Information:
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
Field of Study: Taxes
CPE: 3 hours