Loading Events

Surgent’s President Biden’s Tax Plan and PPP Loan Forgiveness: What Tax Practitioners Need to Know (SSTX569/23)

Event Description

This course focuses on the American Jobs Plan and the American Families Plan, which include important changes to the tax code. If enacted, some of these changes may be effective in 2021, so it is essential for tax practitioners to understand these proposals. This course also provides coverage of the latest developments related to the Employee Retention Tax Credit (ERTC) and Paycheck Protection Program (PPP) loan forgiveness.

Designed For

Tax practitioners advising clients on individual and business tax changes or on PPP loan forgiveness


  • Understand the tax changes proposed for 2021 and after that impact client tax planning and tax compliance
  • Recognize the ways clients may apply for PPP loan forgiveness

Major Subjects

  • Increase in the individual and corporate tax rates
  • Changes in the taxation of long-term capital gains
  • Various individual tax credits expanded
  • New rules regarding like-kind exchanges
  • Transfers of appreciated property by gift or on death as realization events
  • Elimination of fossil fuel tax preferences
  • Renewable and alternative energy incentives
  • Improving tax compliance
  • Income allocated to limited partners and S corporation shareholders subject to SECA
  • PPP loans and the Earned Income Tax Credit
  • Latest rules regarding PPP loan forgiveness and the Form 3508 series (Form 3508S, 3508EZ and 3508)
  • Deductibility of PPP-funded expenditures



Familiarity with individual income tax rules