Federally Declared Disaster Areas: Tax Provisions including COVID-19 (Completed)

Date: Tuesday, March 31, 2020
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC

Join expert Greg White, CPA, as he takes a deep dive into the Federal tax consequences of presidentially declared disasters under the Stafford Act, with detailed coverage of the Coronavirus (COVID-19) disaster declaration and Notice 2020-18.

Topics Covered

  • Which taxpayers are covered by the relief?
  • Are estimated tax payments deferred?
  • Is the amount that can be deferred unlimited?
  • Is the time to fund IRAs and HSAs extended?
  • Are all taxes covered?
  • Do you still need to file extensions?
  • What happens if clients don't pay by the extended deadline?
  • Are there other ways to avoid interest and penalties, if you're not within the relief provided by the IRS Notice?

Learning Objectives

  • Calculate interest and penalties if tax isn't paid by the Notice 2020-18
  • Identify which clients are best served by filing early
  • Recognize the amount of taxes clients must pay by April 15


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of federal taxation concepts.

Advance Preparation

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