PPP Deductions, PPP Loans, EIDLs and Recovery Rebates

Author: Greg White

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC

Join expert, Greg White, CPA, as he covers the brand-new tax law including deductibility of PPP expenses, qualifying for Round 2 of the PPP loan program, and applying for the new PPP loans.

Greg will also cover other tax aspects of the bill including the 100% deduction for restaurant meals, extension of the above-the-line charitable contribution, tax treatment of EIDL’s, recovery rebates and the tax extender’s provisions.

Publication Date: January 2021

Topics Covered

  • Recovery Rebates
  • PPP Loans
  • Fixing Mistakes: Round 1 PPP Loans
  • PPP: Round 2
  • EIDL Advances
  • Retention Credit
  • Other Provisions
  • Shuttered Venue Operators
  • Extenders
  • Race to Determine Gross Receipts
  • New IFR's (Jan 6, 2021)

Learning Objectives

  • Recognize how the new tax law applies to your clients
  • Identify deductibility of PPP expenses
  • Recognize who qualifies for Round 2 of the PPP Loan program
  • Identify the recovery rebate phaseout beginning for single taxpayers


Instructional Method

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation

Registration Options
Regular Fee $49.00

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