Instructor for this course
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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: September 24, 2020

3 Reviews (8 ratings)Reviews

4
Anonymous Author
The tax update was easy to follow; also, I found her powerpoint slides and quick pointers helpful.
5
Anonymous Author
The course covered the stated learning objectives.
5
Member's Profile
This was a nice, quick update. I would take the next update when it becomes available.

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:43Introduction to COVID-19 Tax Updates
  7:58Summary of Recent Relevant Laws
  11:04IRS News and Several Deadlines
  4:24Delayed FICA and SE Payments
  11:26Stimulus Payments
  6:50Unemployment Benefits
  8:35SBA Loan Information
  7:14SBA Loan Terms and Conditions
  1:05Conclusion
CONTINUOUS PLAY
  1:00:18COVID19 Tax Updates
SUPPORTING MATERIAL
  PDFSlides: COVID19 Tax Updates
  PDFHandout: H.R.7010 - Paycheck Protection Program Flexibility Act of 2020
  PDFHandout: PPP Loan Forgiveness Application (Revised 6.16.2020)
  PDFHandout: SBA Loan Document - Read before signing
  PDFCOVID19 Tax Updates Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM