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-internet based program at the Basic level. No advanced preparation is 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