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AICPA Construction and Real Estate Conference 2020

COR2028 - Tax Consequences of PPP

Dec 8, 2020 1:55pm ‐ Dec 8, 2020 3:10pm

Standard: $49.00


In this session, we’ll discuss where we stand today in the ever-developing world of PPP loan forgiveness.

  • Understand the impact of Notice 2020-32, Rev. Ruling 2020-27, and Rev. Proc. 2020-51 on the deductibility of expenses paid with PPP proceeds.
  • Identify the ancillary but as yet unanswered questions regarding how nondeductibilty impacts the Section 199A wage limitation.
  • Understand the likelihood of a Congressional fix prior to the 2021 filing season.


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