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Live Webcast Replay

NEW PPP Loan Provisions and Forgiveness Update


Total Credits: 3 including 3 Taxes - Technical

Average Rating:
   4.5
Category:
Partner Produced |  Tax |  IRS Approved
Faculty:
Steven C. Dilley, CPA, JD, PhD
Course Levels:
Intermediate
Duration:
3 Hour
License:
Access for 30 day(s) after program date.

Dates


Description

This course will discuss the revised PPP loan provisions included in the December 27, 2020 Stimulus bill.  It integrates the retroactive changes into the PPP1 program and also discusses the PPP2 program.  The presentation addresses the many loan issues impacting CPAs and their clients for both PPP1 and PPP2 loans.  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.

 

Basic Course Information

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

Major Subjects
  • 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

Course Materials

Faculty

Steven C. Dilley, CPA, JD, PhD Related seminars and products: 4


Steve is President of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a retired Professor of Accounting at Michigan State University, where he taught tax accounting and has recently received numerous teaching awards. He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.


Dates

Tue, Mar 16, 2021 - 10:00am to 12:36pm EDT
Fri, Apr 02, 2021 - 10:00am to 12:36pm EDT

Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

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


Original Recording Date 01/2021
Yellow Book

No


Course Developer

MICPA


Date Added to Catalog 01/11/2021

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. 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: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 82

Comments

John S

"Excellent presentation, extremely valuable for our circumstance now."

Kurt H

"Timely, relevant course. Appreciated that updates were very current based on recent legislation and developments."

Mark F

" "

Kharizza Nissi L

"Thank you for clarifying a lot regarding the PPP loan and forgiveness."

Lewis D

" "

Lyle E

" "

Thomas W - Maumee, Ohio

" Thank you."

Rebecca F

" "

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