COVID-19: Updated PPP Loan Provisions and Forgiveness Webinar

This course will discuss the revised PPP loan provisions included in the December 27, 2020 Stimulus bill. It integrates the retroactive changes into the PPP1 program and also discusses the PPP2 program. The presentation addresses the many loan issues impacting CPAs and their clients for both PPP1 and PPP2 loans. The unique loan reporting challenges facing practitioners are related through actual practice situations – and then analyzed for their reporting implications. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
To provide an exploration of numerous practice situations occasioned by the loan-related provisions in the COVID-19-related legislation.
Highlights
The major topics that will be covered in this course include:New Stimulus PPP loan provisions and how retroactive changes to PPP1 affect what to do about forgiveness of those loansComparison of PPP1 and PPP2 loans – application and forgiveness forms“Real-life” examples – practice issues CPAs are dealing with in these extraordinary times.Tax and accounting issues arising from the loan and loan forgiveness provisions – deductions vs. income exclusionComprehensive example filled in on loan forgiveness application