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Surgent's The American Rescue Plan Act of 2021 and IRS Notice 2021-20: New Stimulus Coverage and Changes to PPP Loan Forgiveness/Employee Retentio

 Tue, 03/16/2021 from 1:00 pm to 4:30 pm
 Online
 
4.0
21 / 2-69251
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$169.00 Regular Registration
Your Price
$177.00 Regular Registration
Designed For:

Any tax practitioner advising clients with respect to preparing individual and business income tax returns for 2020, or anyone wishing to be informed on the latest stimulus coverage and IRS guidance

Prerequisite:

Basic knowledge of income taxes

This program will cover two critical topics that every practitioner must know about immediately: the new American Rescue Plan Act of 2021 (ARP) and new IRS rules relating to PPP borrowers who are also eligible for the Employee Retention Tax Credit (ERTC). Congress has just passed the ARP, which contains many new items, including significant changes that all practitioners need to be aware of right away. The first half of our program will cover the ARP to the extent it addresses tax changes and new tax developments. The second half of our program is an analysis of IRS Notice 2021-20, which covers new IRS rules applicable to tax year 2020, relating to taxpayers who have PPP loans and who also are eligible to claim the ERTC. Notice 2021-20 is over 100 pages in length and addresses many of the questions tax practitioners have regarding the interaction between PPP loan forgiveness and the ERTC. The program will cover helpful examples and FAQs that address many situations we simply did not understand until the IRS issued this Notice. Take this course prior to 4/15/21, as anyone preparing income tax returns for 2020 would immensely benefit from this program.


Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Update

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.