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Presentation on "What Every Practitioner Should Know about the Paycheck Protection Program (PPP)"

September 16, 2020

Presentation by Juan Vasquez, Jr. and Victor Viser on "What Every Practitioner Should Know about the Paycheck Protection Program (PPP): Requirements, Certifications, Loan Forgiveness, and Corresponding Tax Issues"

The Paycheck Protection Program (“PPP”) provided over 5 million loans to businesses in response to the COVID-19 pandemic. However, fundamental aspects of the PPP have changed over time as new guidance is issued by the SBA, Treasury, and IRS and new legislation modifying the Program was passed.

Juan Vasquez, Jr. and https://www.chamberlainlaw.com/people-victor_viser.htmlVictor Viser, both members of the PPP Audits and Investigations Practice, will give a presentation for the Houston Bar Association Law Practice Management Committee on September 16, 2020 to discuss the most up-to-date PPP eligibility requirements, PPP loan terms and uses, the loan forgiveness application process, and the tax consequences associated with PPP loans, including the exclusion of forgiven expenses, need for Form 1099-C, and the implications of IRS Notice 2020-32. In addition, this presentation highlights the most important pieces of proposed legislation that would modify and/or replace certain parts of the PPP if passed, including the RESTAURANTS Act, RESTART Act, and HEALS Act.

To register for the presentation, click on the Houston Bar Association link for CLE at https://www.hba.org/index.cfm?pg=events&evAction=showDetail&eid=86486.