Feb 04 WATCH THE FEB 4 RECOVERY UPDATE: ADDRESSING YOUR QUESTIONS TO COVID-19 LOAN PROGRAMS AND FORGIVENESS STRATEGIES

In case you missed it, watch our February 4 Recovery Update that addressed the most pressing questions and issues facing our business community with regards to relief programs and loan forgiveness.

Questions addressed include but are not limited to:

• When do S-Corporation and Partnerships include the tax-exempt income in basis?
• How do I measure economic uncertainty?
• Explain the interaction between the PPP, Employee Retention Credits, and Families First Coronavirus Relief Act.
• Will the SBA use hindsight as part of the loan forgiveness review process?
• Will the state taxing authorities treat PPP loan forgiveness and the corresponding deductions similar to the IRS?
• At first pass, I did not receive the full $10,000 EIDL grant. Am I entitled to receive the remaining balance?

WATCH THE FEB 4 RECOVERY UPDATE: ADDRESSING YOUR QUESTIONS TO COVID-19 LOAN PROGRAMS AND FORGIVENESS STRATEGIES

MORE RESOURCES

• Here is the slide deck from the webinar presentation.
• AICPA – PPP State Conformity Treatment
• Revised Loan Forgiveness Application Forms
• SBA 1^st Draw and 2^nd Draw FAQs
• SBA Procedural Guidance
• Our webinars and responses are general guidance without knowing the intricacies of your business.  Please find our full disclaimer here.