Tax Considerations of the CARES Act: QIP Correction, PPP and EIDL Loans, NOL Carrybacks and Contributions
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will review the latest developments and clarifications of the relief packages so that practitioners can better serve clients suffering from economic losses as a result of the pandemic. The program will benefit tax advisers wading through the massive relief offered to taxpayers to mitigate losses sustained as a result of COVID-19.
- Business relief
- Economic Injury Disaster Loans
- Paycheck Protection Program Loans
- Employer retention credit
- QIP life
- Business interest limit
- NOL changes
- Individual relief
- RMD waivers
- Retirement plan withdrawal changes
- Unemployment benefits
- Medical payments and HSAs
- Charitable contribution changes
The panel will cover these and other critical issues:
- Who is eligible for an Economic Injury Disaster Loan?
- How is loan forgiveness calculated with a PPP loan?
- What are the latest net operating loss carryback rules?
- Which taxpayers need to amend returns to benefit from recent changes?
Jim Donovan, CPA
Mr. Donovan has more than 17 years of tax consulting experience providing R&D tax incentives to a variety of... | Read More
Mr. Donovan has more than 17 years of tax consulting experience providing R&D tax incentives to a variety of industries, comprising of chemical, food, plastics, medical device and equipment manufacturing, technology, software, engineering, construction, and life sciences.Close
Andrea B. Mouw, JD
Ms. Mouw focuses on federal, state and international tax issues. Her key areas of expertise include accounting method... | Read More
Ms. Mouw focuses on federal, state and international tax issues. Her key areas of expertise include accounting method issues such as income and expense recognition, capitalization, Section 199 and inventory issues. She has experience with FATCA guidance, co-leads her firm's Repair Regulations initiative, and facilitates numerous internal and external educational sessions related to the repair regulations, Section 199 and accounting method and periods. She leads the firm's accounting methods and period practice helping clients navigate and identify appropriate accounting methods and modifications.Close
Mel Schwarz, CPA
Director of Tax Legislative Affairs
Mr. Schwarz has over 37 years of experience specializing in legislative affairs, including development and... | Read More
Mr. Schwarz has over 37 years of experience specializing in legislative affairs, including development and implementation of tax legislation at the national level. He spends his time at the capitol meeting with legislators, listening in on updates impacting tax processes and procedures and providing timely updates and education on issues and opportunities impacting clients. Mr. Schwarz is a sought-after speaker for many AICPA, TEI and FEI conferences.Close