PPP Forgiveness Options and Income Tax Implications on Receiving CARES Act Grants, Loans, or Unemployment Compensation
Recorded On: 12/18/2020
About this Webinar
Join us for a session on Payroll Protection Program (PPP) forgiveness options, and the income tax implications on receiving CARES Act grants, loans, or unemployment compensation. This webinar will include guidance and a Q & A with presenters Nina Ozlu Tunceli, Chief Counsel of Government and Public Affairs & Executive Director, Americans for the Arts Action Fund, and Sarah Mercer, Shareholder Attorney, Brownstein Hyatt Farber Schreck, LLP.
Registration for this live event is free and will be limited to the first 1000 registrants. You may also view this event live on the Arts Action Fund Facebook Page. Registration will re-open when the on-demand recording is ready 2 business days after the event.
Americans for the Arts is providing the arts and culture field with this and other COVID-19 webinars and resources at no charge to you. Please consider supporting our ability to deliver this important work with a donation by clicking HERE
We also encourage you to become a member with us for access to even more webinars and other resources, please visit www.americansforthearts.org/membership for more information.
Nina Ozlu Tunceli
Chief Counsel of Government and Public Affairs, Americans for the Arts
Executive Director, Americans for the Arts Action Fund
Nina Ozlu Tunceli is both Chief Counsel of Government and Public Affairs at Americans for the Arts as well as the Executive Director of the Americans for the Arts Action Fund. For 29 years, Nina has served as the chief advocacy strategist for Americans for the Arts and in 2004, she became the founding executive director of the Americans for the Arts Action Fund, an affiliated 501(c)(4) grassroots organization with a connected Political Action Committee—the only dedicated arts PAC in the country. Nina now mobilizes the political and legislative efforts of more than 430,000 citizen activist members in advancing arts policy issues to legislators and candidates seeking federal public office. After lobbying to secure several arts funding provisions in the 2020 CARES Act, Economic Aid Act, and the American Rescue Plan, Nina provided weekly technical assistance through Zoom Office Hours to thousands of artists and arts organizations in successfully tapping billions of dollars in COVID-19 economic relief aid. Nina also created the dynamic ArtsVote: Make Your Vote Count campaign in 2020, featuring artwork by Shepard Fairey and outreach by artist advocates Ben Folds, Annette Bening, and Brian Stokes Mitchell. Everyone is encouraged to join the Arts Action Fund for free at www.ArtsActionFund.org/Join
Twitter: @ArtsActionFund @Nina4Arts
Sarah M. Mercer
Brownstein Hyatt Farber Schreck, LLP
Sarah Mercer pairs her litigation background with her passion for local and state government to develop creative political and administrative solutions for her clients’ legal problems. She helps her clients overcome challenging and entrenched legal issues by navigating the complex and fickle political landscape.
Through her close ties with elected officials and bureaucratic staff at all levels of local and state government, including legislative leaders, department directors, mayors, governors and attorneys general, Sarah forms connections and bridges relationships within the firm and for her clients.
Her multi-state practice, which includes Colorado, Nevada and New Mexico, encompasses lobbying, political and regulatory advocacy, campaign finance, land use and gaming. Sarah’s involvement in several high-profile policy matters demonstrates her leadership and skill in the field. She succeeded in persuading the Colorado General Assembly to authorize private equity investment in the provision of elder care on behalf of InnovAge, which resulted in the expansion of services to Colorado’s seniors while allowing them to remain in their own homes. Sarah was also successful in the unanimous passage of state legislation which removed licensure requirements so that individuals can watch up to three pets in their homes without regulatory oversight and can more easily participate in the sharing economy through platforms like the firm’s client Rover.com. Further, her advocacy on behalf of Smart Colorado resulted in legislation that prohibits edible marijuana in forms that can be confused with traditional candy and secured a $9.2 million increase in funding for marijuana education in elementary, middle and high schools across the state.
Treasury Dept FAQs on PPP Program: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf
Treasury Dept Tax Ruling on PPP Expenditures: https://www.artsactionfund.org/PPPForgivenessTaxGuidance
New PPP Loan Forgiveness Application Form 3508S (For loans $50,000 or less)