COVID-19: Loan Provisions and Loan Forgiveness Update

Description

This program addresses the many loan issues impacting CPA practice with a world in crisis.  The unique loan reporting challenges facing practitioners are related through actual practice situations – and then analyzed for their reporting implications.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Highlights

• “Real-life” case study examples – practice issues CPAs are dealing with in these extraordinary times.
• Review and update of loan-related provisions in the CARES and subsequent Acts
• PPP loan forgiveness application – explained in detail
• Tax and accounting issues arising from the loan and loan forgiveness provisions
• Comprehensive example filled in on loan forgiveness application
• Qualifies for IRS PTIN credit.

Objectives

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

Designed For

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