SPEAKER: Karen Davis, EA
DATE: Wednesday October 6, 2021 10AM-2PM EASTERN or On-Demand Archive (NO CPE CREDIT for On-Demand )
TIME: 10:00 A.M. - 2:00 P.M. Eastern
LOCATION: Webinar Re-broadcast
The CAA Covid relief legislation signed into law in December contains provisions retroactive to the effective date of the CARES Act - including changes to the Employee Retention Credit. Additionally, the ARPA signed into law by President Biden has expanded the ERC for the entirety of 2021.
The IRS has finally released information on filing or amending 2020 Forms 941 to claim ERTC, and 2021 Q1 & Q2 (Notices 2021-20 and 23). This webinar will deal with CAA changes to CARES Act affecting 2020 and the first two quarters of 2021.
All attendees will receive COMPLIMENTARY access to review our original Form 941 seminar (2 hours, no cpe) in addition to this new seminar.
Topics & Learning Objectives Include:
- DETAILED EXAMPLE OF AN AMENDED 941 - HOW TO USE FORM 941-X
- IRS Notice 2021-20
- IRS Notice 2021-23
- Interaction of ERC with PPP Loans (If you bungled your PPP loan forgiveness by claiming all wages and no rent, utilities, etc, there is no do-over. However, if you overshot needed wages and expenses, you are free to allocate in ways that are most favorable. See Q/A 49 on pages 73-80 of the guidance, with seven (7) examples.)
- Amending 2020 941's to Claim ERC - IRS Notice 2021-20 gives us guidance for 2020, including that you must AMEND EACH quarter's 941 to revisit the ERC.
- And Much More
Click On The Video Below To View A Demo of Karen Davis
Karen Davis is one of the most knowledgeable tax lecturers in the nation. She has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.