This course will review the details of the recently passed Taxpayer Certainty and Disaster Tax Relief Act of 2020, including:
• Qualifying companies – aggregation rules, full-time employee limitations
• Qualifying wages – healthcare costs
• Reporting requirements and refunds
• Interaction with PPP loans, including the difference between the 2020 and 2021 credit rules and calculations
• Understanding how companies can immediately benefit from this valuable refundable tax credit
• Government shutdown orders
• Discussion of items from Notice 2021-49
Discussion Leader: Ian Williams