Thank you for the link, it is very helpful. So if I understand this correctly, the presenter is recommending that on your books, the forgiven PPP loan should be set up as income, under a name that clearly says it is "non-taxable" so come tax time, your accountant is less likely to treat it as taxable.

The presenter implies that if you are a C-schedule filer, you don't need to include it in your reported income, and you are done. If you are a non-C schedule filer, you will then have to adjust your income down by the forgiven amount in your tax forms and report it as a "non-taxable" adjustment. So your book income will be higher than your taxable income.

I wouldn't be surprised if the IRS tax forms for 2021 and beyond add a place for this on the tax forms which specifically is for PPP loan forgiveness. If they do, TurboTax and perhaps other tax software apps would hopefully handle it for you.