Description

This 3-hour seminar/webinar will cover the latest in Federal Tax Law changes that have taken effect in the last several years that impact 2020 and 2021. These changes impact all taxpayers, including homeowners, prospective homeowners, owners of both residential rental as well as commercial rental properties. This includes the Tax Cuts and Jobs Act of 2017, effective in 2018, the Cares Act of 2020 that provided the various stimulus funds such as Economic Injury Disaster Advance and Loans and the Paycheck Protection Program (PPP) Loans. Discussion of the PPP Flexibility Act of June 2020, which resulted in significant modification to earlier tax law will also be included. The Consolidated Appropriations Act of December 2020 included many changes and extensions to the PPP program as well as including Tax Law Changes as well. Finally, with the recent Presidential elections, the course will include the real estate related issues which President Biden has included in his wish list of proposed legislation