COVID19 Tax Updates

Under COVID19 everything has changed this filing season – filing deadlines, IRS access, and so much more. Then, along comes the Stimulus Act with refunds, rebates, loans and new rules. We will give you a summary of the key information your clients are asking about.

This course will cover the following topics:

• Summary of Recent Relevant Laws
• Helpful IRS Links – During Quarantine and IRS News
• Changes in Filing and Paying Deadlines
• Delayed FICA/Medi and SE Payments and Employment Credits
• Stimulus Payments Review
• Unemployment Benefits
• SBA Loan Overview
• Paycheck Protection Program Flexibility Act of 2020
• PPP Fund Use to get Forgiveness
• How To Calculate Maximum Loan Amounts – By Business Type
• More about SBA Loan info – from the SBA including Collateral and Conditions