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Monday, December 21, 2020 Webcast

PPP Loan Forgiveness and Other Recent COVID-19 Tax Developments with Ed Zollars (E2012792)

9:00 AM - 1:00 PM EST

Registration: 8:30 AM EST

webcast

Webcast

4.0 CPE Credits in TX

OVERVIEW

Now that borrowers have exhausted their PPP loan funds, attention turns to the application for forgiveness process and issues. In this session we will look at the options borrowers have when applying for forgiveness, as well as the pros and cons of applying immediately for forgiveness or waiting a while before starting the application process. We'll also look at any recent developments arising as Congress considers additional relief provisions and the Administration begins implementing their own programs.

 

BENEFITS

Mr. Zollars will answer all your questions during this NJCPA live event.

HIGHLIGHTS

  • A review of eligible payroll and non-payroll costs for forgiveness, including additional guidance on health care and retirement costs issued by the SBA
  • The various special safe harbors for avoiding or reducing the impact of the FTE reduction of forgiveness
  • The SBA's process for forgiveness applications and the appeals process available to borrowers
  • Accounting issues that arise with PPP loans, both before and after forgiveness
  • Payroll tax deferrals for employees - beginning the deferral period
  • Potential IRS guidance on deductibility of expenses that would give rise to PPP loan forgiveness when forgiveness not granted by year end

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Edward K. Zollars, CPA, is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona. He specializes in tax issues for closely held businesses and individuals. He has served on committees with the AICPA Tax Section and currently serves on the Arizona Society of CPAs legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 14 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.

PRICING

$99.00 - Member

$149.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 21 at 8:30 AM.

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