PPP Loan Forgiveness: Recent Developments and Closing the Books on 2020
Date: December 9th, 2020
Time: 01:00 PM - 02:00 PM (EST)
The SBA recently issued two forms designed as questionnaires to solicit data from all recipients of PPP Loans greater than $2 million. The IRS has also indicated its intent to address the taxability of PPP Loan forgiveness, in particular as it applies to straddles between tax years 2020 and 2021. We will explore the contents of the questionnaires and available updated IRS guidance, as well as other miscellaneous updates.
Learning Objectives:
- What you Need to Know About the SBA’s New Form 3509 and 3510 Loan Necessity Questionnaire
- SBA Appeals Process if your loan is deemed ineligible
- Latest IRS information regarding taxability of forgiveness
Level & Prerequisites:
This is a group-live program at the Basic Level. No prerequisites or advanced preparation required.
CPE Credits:
Earn 1.5 CPE credit in the field of Management Services
Who Should Attend?
CFO’s, Controllers, Risk Managers, Business Owners, CPAs and Professional Advisors
Price:Free for CFMA members and $69 for non-members
If you are a colleague of a CFMA member, you can receive a discount on registration. Contact education@cfma.org for details.
Speaker(s)
- Jim Hazel, CPA, CCIFP, Elliott Davis
- Rich Shavell, CPA, CVA, CCIFP, Shavell & Company, P.A., CPAs and Consultants
- Mario Vicari, CPA, Director, Kreischer Miller
Group viewing
If you plan to view this program as part of a group and need to earn CPE credit, please contact CFMA at education@cfma.org.
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