What’s new in late 2021 re: Covid relief for business? Tons. The game has changed a whole lot in a big hurry in the past few weeks.

For preparing (or amending) 2020, 2021 and 2022 income tax returns reporting PPP forgiveness and spending, whole new worlds have opened up. For part of the employee retention credit (ERC), both Congress and IRS have slammed the door on our fingers (or at least attempted to).

Both new opportunities and stumbling blocks abound. How do we respond?

• IRS blows open PPP timing grab
• Rev. Procs. 2021-48, -49 and -50 open amended return floodgates
• NOL carrybacks for cash, anyone?
• When is best time to file for PPP Draw 2 forgiveness? It really does matter
• Congress rips away part of ERC, but leaves more on the table than you think
• Status of ERC eligibility for Corp shareholder’s wages
• IRS launches ERC audit program – America in the crosshairs
• Planning, planning, planning and reporting choices, choices, choices

Prerequisite: Basic, working understanding of PPP loan programs and employee retention credit

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 38 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

Host: Rick Telberg

• Founder and CEO CPA Trendlines, Bay Street Group
• Accounting Today Top 100
• CPA Practice Advisor Top 25

Host: Sandi Leyva

• Founder Accountant’s Accelerator, Leyva Learning, LLC
• CPA Practice Advisor Top 25
• Most Powerful Women in Accounting