On Monday, May 4, 2020, Longman & Van Grack Tax Attorney, Robb Longman, will be speaking on a panel for the ABA Section on Taxation regarding supplemental COVID-19 relief funding for businesses as part of the Paycheck Protection Program (PPP) of the recently-passed CARES Act. Mr. Longman's panel will specifically focus on how business PPP borrowers can possibly optimize their specific use of the federal proceeds and -- at the same time -- maximize the loan forgiveness degree of the PPP.
The discussion will cover the following: (1) the specific requirements for PPP loan forgiveness, (2) how to achieve tax-free PPP loan forgiveness, (3) how to maximize PPP loan forgiveness and minimizing PPP forgiveness pitfalls, (4) remediation of PPP forgiveness reductions, and (5) the PPP forgiveness application process. Mr. Longman's panel will also address the CARES Act's employee retention credit and Social Security tax deferral which exists under the CARES Act.
You can register for Mr. Longman's program on Monday titled "The Road to PPP Loan Forgiveness and Payroll Tax Relief under the CARES Act" through this LINK.
Robb Longman is the current Secretary of the ABA Section on Taxation and former Chair of the Maryland Bar Associations Tax Committee. Mr. Longman and the firm's other business law and tax law attorneys practice in all areas of taxation and business throughout Maryland and Washington DC. Contact us at (301) 291-5027 to have a virtual appointment regarding your tax, business, CARES Act, or Coronavirus matter with Mr. Longman or one of our other attorneys at our Maryland (Rockville or Bethesda) Offices or Washington DC Office.