This class provides an update on the law pertaining to the COVID-19 employee retention credit due to the issuance of Notice 2021-49. Topics include, but are not limited to, issues for shareholders and their families and the recovery start-up credit.

Learning Objectives

  • Understand the basic mechanism of the employee retention credit.
  • Describe how Notice 2021-49 further clarifies the IRS's positions on the employee retention credit.
  • Explain how a business can qualify as a recovery start-up business and the §162 rules that apply to that determination.
  • Explain the business owner qualification issues and how to address prior treatment inconsistent with Notice 2021-49.

Education Information

IRS Program Number: NMVBP-T-00197-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: Federal Tax (IRS);

Credit hours: 2 IRS CE

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.

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