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

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