2021-01-25 PPP and ERC Clarifications For CAA Changes
This week we look at:
Penalty relief related to partners’ tax basis capital
IRS provides limited option for ERC claims on 4th quarter 941
Revised PPP First Draw Maximum Loan Calculation
PPP Borrowers Who Received Too Much Have to Pay Excess Back
Second disbursement for PPP First Draw Loan procedures
Gross Receipts Calculation for Second Draw Loans
PPP Revised Forgiveness Forms Released
An audio only version of this week’s presentation can be streamed or downloaded below:
Articles for this week’s update can be downloaded as a PDF below: