CPAR Taxes

CPAR - 2020/July, Seg.04 - When You Ask for Forgiveness ...

Course Overview
Congress has now passed the Paycheck Protection Program Flexibility Act (PPPFA) of 2020 that changes a number of provisions in the original PPP loan program enacted as part of the CARES Act. A week prior to the PPPFA, SBA had issued an Interim Final Rule (IFR) addressing PPP loan forgiveness. The IFR answers some, but not all, questions surrounding loan forgiveness; additional guidance is expected to be issued, as well as loan forgiveness application modifications in accordance with the new law. Barbara Weltman, president of Big Ideas for Small Business, walks us through the changes in the new guidance.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the key elements the interim final rule addresses relating to PPP loan forgiveness,
  • Recognize what is included under compensation and other payroll costs for employees and independent contractors or sole proprietors,
  • Distinguish the three general issues under the Notice 2020-29 guidance, and
  • Recognize the proposed changes for charitable contribution deductibility under SOS America Act.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1466-FM

Release Date : 08/05/2020
Expire Date : 08/14/2021
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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