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Seminar

COVID Response and Relief Act 2020

Register for this course:

The meeting times for this class are in the past. Please check here for additional meeting times.

Meeting Times:

Thursday, January 14, 2021 10:30:00 AM - Thursday, January 14, 2021 1:30:00 PM
(The meeting times for all courses are expressed in Mountain Time.)

Price:

This course is in the past and can no longer be purchased.

Location:

ONLINE ONLY
Classroom not available.

Delivery Method:

If attending in the CPE4U classroom or a Colorado hotel, the delivery method is Group Live.
If attending over the Internet (online), the delivery method is Group Internet Based.

Credit Hours:

3.0 IRS Federal Tax Update MF2AY-U-00964-20-O

Field of Study:

Taxes

Course Level:

Intermediate

Prerequisites:

Basic understanding of federal income taxation

General Description:

This course will outline the tax provisions of the COVID Response and Relief Act of 2020 (CRRA), signed into law on December 27, 2020. The CRRA provides pandemic relief funding for individuals and small businesses as well as extending many expiring tax provisions. Updated with January 8 guidance from the SBA.

Learning Objective:

After completing this course the participant will be able to:

  • Explain changes to Paycheck Protection Program loan forgiveness, including the deductibility of expenses paid from a loan that is forgiven, simplified forgiveness requirements for PPP loans of $150,000 or less, and additional expenses that qualify as payroll and nonpayroll costs.
  • Discuss the taxability of EIDL Advances and the deductibility of expenses paid from EIDL Advances, and taxability of subsidy payments made by the SBA on certain SBA loans and grants made to a Shuttered Venue operator.
  • Describe the requirements to apply for a PPP Second Draw Loan.
  • Explain the eligibility rules for the second round of recovery rebates for individuals (Economic Impact Payment, EIP), when the second round of EIP will be made, and the changes made to the first round of EIP.
  • Discuss the tax provisions that were extended either permanently, until 2025, or through 2021 or 2022.

Instructors:

Mark A. Vogel is a retired professor and director of the University of Denver Graduate Tax Program, where for 38 years he taught courses in individual, fiduciary, tax accounting, partnership, and corporate taxation. He is the author of Divorce Taxation Guide (John Wiley & Sons) and Individual Taxation (Shepards/McGraw-Hill). He received a J.D. and LL.M. in Taxation from the University of Denver College of Law and an undergraduate accounting degree from the University of Notre Dame. He is also a CPA licensed in Illinois.

Related Courses:

Seminar Name Date Location

CPE4U Colorado provides continuing professional education seminars for accountants, attorneys, enrolled agents, Tax Return Preparers, and Certified Financial Planners (Year 2019 Tax Update only) in Denver and other cities in Colorado. These classes range from two hours to two days in duration and are scheduled on weekdays from April 29, 2019, through February 7, 2020. Almost all classes taught in our own classrooms are also broadcast live over the Internet.

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Contact Us

CPE4U Colorado
4380 S Syracuse St Ste 110, Denver, Colorado 80237
720-389-5900 · Fax 720-708-3246
marylouj@cpe4ucolorado.com

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