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Employee Retention Credits after Con App 2021: The Perfect Retroactive Storm

EMPLOYEE RETENTION CREDITS AFTER CON APP 2021: THE PERFECT RETROACTIVE STORM

Cost $15.00
Presentation Length 1.5 hours

Recorded DateFebruary 25, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Cut wide open by the new Con App 2021 legislation, the Employee Retention Credit (ERC) can yield a ton of money. Con App 2021 opened ERC up to PPP borrowers retroactively and expanded it prospectively. It's the perfect storm with plenty of payoffs to create a hunger for it. The time is now to get your slice of the pie.

How to claim it? Against Forms 941 and 7200, old and new. How does it interact with the income tax return? What must every unsuspecting income tax preparer know? How does it interact with the PPP forgiveness app?

Highlights:


  • Don’t file that PPP forgiveness app yet! What to do if you already have

  • What every tax professional (or business owner) must do in light of bombshell new (01/26/21) IRS guidance

  • How exactly to allocate wages between ERC and other credits or PPP

  • Rounds 1 and 2 of ERC – How they’re different, the same

  • Timing, timing, timing, and other “don’t drop the ball” games

Complexity abounds with the revamped ERC (the new retroactive keys to the kingdom). If you haven’t spent hours threading the needle between the old and the new, we’ll cut your learning curve down for you.

Learning Objectives:


  • Identify steps to claiming the ERC

  • Determine how the ERC interacts with income tax returns and the PPP forgiveness application

  • Identify how to allocate wages between the ERC and other credits or the PPP

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Bradley Burnett

Bradley Burnett Tax Seminars, Ltd.
Tax Attorney, Tax Advisor, Tax Instructor
bradleyburnett10@gmail.com
(720) 936-6003

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Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.

About Our Presenter

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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.