Covid-19: Loan Provisions and Loan Forgiveness Update

$49.00

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This program will deep-dive into the many loan issues impacting the CPA practice in a world of crisis. The unique loan reporting challenges facing practitioners are related through actual practice situations and then analyzed for their reporting implications, as well as an explanation of the PPP loan forgiveness application using a filled in example.

Learning Objectives: To provide an exploration of numerous practice situations occasioned by the loan-related provisions in recent COVID-19 related legislation.

Program Content:

  • "Real-life" examples - practice issues CPAs are dealing with in these extraordinary times.
  • Review of loan provisions in the CARES Act and other recent legislation.
  • Loan forgiveness application explained in detail.
  • Tax and accounting issues arising from the loan and loan forgiveness provisions.
  • Comprehensive example filled in on the loan forgiveness application.

Who should attend: CPAs in public practice seeking an update on the latest tax developments affecting loans and loan forgiveness.

Program Level: Intermediate

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2 hours

Field of Study: Taxes

Prerequisites: Basic working knowledge of practice management.

Advanced Preparation: None