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Payroll Tax Returns Soaking Wet with Change: COVID-19 Relief Refund Binge


This topic has expanded to 2 hours
Cost $20.00
Presentation Length 2.0 hours

Recorded DateAugust 12, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Employment tax returns have been hammered by a flood of Congressional pandemic relief over and over again. Dripping with change after change, how do we push through and go on? This course will wash your employment tax clean.

First, it was the deferral of employer OASDI until 2021 and 2022. Next, sick pay and family leave were granted to employees under FFCRA, offset by all federal employment taxes (ET). Then, PPP blitzed America with an intricate employment tax interplay. Then, the president allowed the deferral of employee OASDI. Next, the employee retention credit (ERC) burst on the scene to retroactively co-exist alongside PPP loans and forgiveness—but not on the same wages. Finally, Congress changed the ERC/ET interplay prospectively. After all of that, the IRS weighed in (well, sort of).

How do all of the above compete for the same wages and soak against the other? Do you jump for joy over payroll tax credits? You will when you see how much money they can save you.

Learning Objectives: 

  • Summarize how amended return mania can put serious cash right back into your pocket

  • Identify how Form 941 and 941-X doubled overnight in size and scope

  • Determine the employee retention credit (ERC)—the ET credit masquerading as a tax credit

  • Evaluate planning cash flow involving employment tax deposits and refunds

  • Recognize examples of various scenarios, filled out forms, and backup records

  • Identify the ERC and FFCRA (and veteran’s employment, WOTC, R&D, and §45S) credits and PPP forgiveness wage absorption all on display

  • Determine if you should do it yourself or manage the outside payroll vendor? (How to prevent being slain)

  • Identify how ERC employment tax credits interact with income tax returns (Let the M-1 adjustment good times roll) 

  • Plan to get every dollar you can get

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Bradley Burnett

Bradley Burnett Tax Seminars, Ltd.
Tax Attorney, Tax Advisor, Tax Instructor
(720) 936-6003

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Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.

About Our Presenter

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Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.