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 loans
- Comparison 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 exclusion
- Comprehensive example filled in on loan forgiveness application