Mid-Year Tax Update (Half-Day Webinar) (Completed)

Date: Friday, May 29, 2020
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

Join expert, Greg White, CPA, as he provides a mid-year update on the most recent changes you need to navigate through the maze of tax legislation. The IRS has studied the Tax Cuts and Jobs Act and they just posted a new list of common audit adjustments that they expect.

Who Should Attend
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.

Topics Covered

  • Highlights of the CARES Act
  • What's the change, and how will it impact your practice?
    • The retention credit
    • Covid-19 retirement distributions
    • Employer payroll tax deferral
    • PPP forgiveness planning
    • New operating losses
    • Qualified improvement property
  • We'll also cover other developments including:
    • New cases on start-up costs
    • New proposed regulations on entertainment and meals

Learning Objectives

  • Identify taxpayers who qualify for the retention credit
  • Recognize how to utilize strategies for maximizing PPP loan forgiveness
  • Identify and apply new IRS guidance on QBID (frequently asked questions)

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal taxation concepts.

Advance Preparation
None

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