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Self-Study CPE
FOREIGN NATIONAL TAXATION - A DEEPER DIVE
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IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
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EXPATRIATE TAXATION - A DEEPER DIVE
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FORM 1041: UNIQUE ASPECTS TO TAX ACCOUNTING FOR TRUSTS AND ESTATES
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MISCLASSIFICATION OF WORKERS: THE BATTLE BETWEEN 1099 VS W-2
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TAXATION OF IRAs AT DEATH
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ESTATE PLANNING STRATEGIES FOR MEDIUM AND HIGH NET WORTH CLIENTS POST TCJA
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1099: BEYOND THE BASICS
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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EARNED INCOME TAX CREDIT
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Cpece webinars
Tax Issues Affecting PPP Loans and Loan Forgiveness

TAX ISSUES AFFECTING PPP LOANS AND LOAN FORGIVENESS

Cost $30.00
CPE Credits 1.5 hours
CE Credits 1.0 hour
Course Id# - HURS9-T-00781-20-O
Subject Area Taxes (Federal Tax)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

Some have compared the design and execution of the Paycheck Protection Program to flying an airplane while trying to build it. As analogies go, it works.   

It’s probably also an accurate description of the stress levels someone running or advising a business may be experiencing as they seek this funding, manage tax issues related to funding received, or maximize the amount of the loan that can be forgiven.  

Join Withum experts Dan Mayo and Jeffrey Clayman for this 90-minute session in which they will cover the latest guidance related to loan forgiveness and the tax aspects of PPP loans that have already been issued.


  • The receipt of a PPP loan

  • Loan forgiveness

  • Estimated tax payments

  • Filing of tax returns

  • Receipt of tax-free income by partners and self-employed individuals


Learning Objectives:
After attending this session you will be better prepared to:

  • Advise clients with respect to the loan forgiveness process

  • Identify the tax implications of receiving a PPP loan

  • Analyze the factors that affect the percentage of the loan that can be forgiven

  • Describe the impact of a PPP loan on estimated tax payment obligations

  • Know the issues related to PPP loans and tax return filing

  • Identify factors related to receipt of tax-free income by partners and self-employed individuals

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Daniel has more than 20 years of professional tax experience as well as experience in federal, international and financial products taxation. He is a member of Withum’s National Tax Services Group and oversees the U.S. Federal income tax research, planning and review functions. He is experienced in mergers and acquisitions, capital markets and cross-border transactions.

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Over 18 years of public accounting experience with a focus on for-profit businesses in many different industries. Expertise in federal reporting and compliance for c-corporations, s-corporations, partnerships and limited liability companies. Highly experienced in analyzing all types of transactional documents, purchase and sale agreements, debt instruments, corporate documents and partnership agreements.
 

Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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Withum is a forward-thinking, technology-driven advisory and accounting firm, committed to helping clients be more profitable, efficient and productive in the modern business landscape. With office locations in major cities and financial centers across the country, and as an independent member of HLB, the global advisory and accounting network, Withum serves businesses and individuals on a local-to-global scale. Our professionals provide the expert advice and innovation solutions you need to Be in a Position of StrengthSM in today’s fast-paced, tech-driven world.