Families First Coronavirus Response Act: How to Calculate Tax Credits (Completed)

Date: Friday, June 5, 2020
Instructor: Greg White
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

Join expert Greg White, CPA, as he covers the new Families First Coronavirus Relief Bill passed by the Senate on March 18, 2020. Included will be detailed computations of the credit calculations. Learn how to determine which taxpayers qualify for the credits (both employers and self-employed persons) and the limitations that apply to the credits.

Topics Covered

  • Computing the payroll credit for required paid sick leave
  • Computing the credit for certain self-employed persons
  • Computing the credit for required paid family leave

Learning Objectives

  • Calculate the credit for employers and self-employed persons
  • Recognize how to determine which clients qualify for the credits

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation

Advance Preparation
None

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