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
Learning Objectives
  • Explore changes in Filing and Paying Deadlines.
  • Identify delayed FICA/Medi and SE Payments and Employment Credits.
  • Explore Stimulus Payments Review.
  • Discover Unemployment Benefits.
  • Explore Paycheck Protection Program Flexibility Act of 2020.
  • Identify PPP Fund Use to get Forgiveness.
  • Discover how To Calculate Maximum Loan Amounts - By Business Type.
  • Recognize more about SBA Loan info - from the SBA including Collateral and Conditions.
Last updated/reviewed: August 4, 2023
16 Reviews (89 ratings)

Reviews

5
Anonymous Author
Presenter's slides were great. Very concise without presenting too much minutia. Important points highlighted well. Liked how she circled or added arrows, highlighting texts in documents. Very helpful.

5
Anonymous Author
Really great links to helpful resources. The course make a complex subject very easy to understand. It was great that the instructor had personal experience with filing for a loan.

5
Anonymous Author
the course has a lot of information that we need to be aware of. I love the amount of links in this presentation; I will be referring back to them in the near future.

4
Anonymous Author
Some of this information is not so relevant now, that we are a couple years away. But I still found it useful to refresh on things like the PPP loans.

4
Member's Profile
Good overview of COVID-19 tax impacts. Tax rules are definitely confusing as is, with COVID updates they are confusing for many.

3
Anonymous Author
Did the instructor refer to themselves in the 3rd person? Lots of helpful information, but slides were difficult to follow.

5
Anonymous Author
Liked how the instructor presented the information. She gave a lot of good websites to visit for more information.

5
Member's Profile
Quick and easy course covering some of the variables that came out of the government rules related to Covid

5
Anonymous Author
Note that there are 3 separate handouts - would be easier if these were consolidated into one file.

4
Anonymous Author
The tax update was easy to follow; also, I found her powerpoint slides and quick pointers helpful.

5
Member's Profile
This was a nice, quick update. I would take the next update when it becomes available.

4
Member's Profile
the course provided a terrific overview of a very complicated area.

5
Member's Profile
helpful and useful resource. brief and to the point. practical.

5
Member's Profile
Thank you for the great overview and upbeat presentation!

5
Anonymous Author
The course covered the stated learning objectives.

4
Member's Profile
This was very information information. Thank you!

Prerequisites
Course Complexity:

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to COVID-19 Tax Updates1:43
  Summary of Recent Relevant Laws7:58
  IRS News and Several Deadlines11:04
  Delayed FICA and SE Payments4:24
  Stimulus Payments11:26
  Unemployment Benefits6:50
  SBA Loan Information8:35
  SBA Loan Terms and Conditions7:14
  Conclusion 1:05
CONTINUOUS PLAY
  COVID19 Tax Updates1:00:18
SUPPORTING MATERIAL
  Slides: COVID19 Tax UpdatesPDF
  Handout: H.R.7010 - Paycheck Protection Program Flexibility Act of 2020PDF
  Handout: PPP Loan Forgiveness Application (Revised 6.16.2020)PDF
  Handout: SBA Loan Document - Read before signingPDF
  COVID19 Tax Updates Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam