This comprehensive course covers key tax issues for completing complicated individual returns, including in-depth coverage of recent legislation, case law developments, and relevant notices, announcements, revenue rulings and procedures to help the busy practitioner stay current. Speakers are all practicing preparers who share practical tips to help you get ready for this tax season.
- Families First Coronavirus Response Act’s (FFCRA) refundable payroll tax credit for employers (and the self-employed credit equivalents).
- The CARES Act allows taxpayers to defer certain self-employment tax payments to 2021 and 2022.
- Notice 2020-32 and PPP loans – good-bye deductions (?)
- The ever-evolving PPP (Paycheck Protection Program) loan forgiveness guidance.
- Good-bye (well, for now) IRC Sec. 461(l) excess business losses.
- CARES Act changes to NOLs – calculation, carryforwards, and carrybacks.
- Impact of 2020 economic stimulus legislation on household employees (and employers).
- 2020 guidance for HSAs and high-deductible health plans in the age of COVID-19.
- New 2020 proposed regulations on entertainment and meal expenses – a different landscape for employers.
- Non-employee compensation and new 2020 Form 1099-NEC
- 2020 final regulations for the IRC Sec. 199A QBID
- Updated marijuana industry (and Form 8300) guidance
- Self-employment tax developments affecting partners (and LLC members).
- 2020 proposed regulations clarify definition of real property for like-kind Exchanges.
- Late filing and payment penalty relief under Notices 2020-17 and 2020-18
- SECURE Act changed many aspects of retirement decisions and planning with the elimination of several long-used tools such as the stretch-out distribution rules. A comprehensive update of retirement post SECURE Act changes.
- The Tax Extender and Disaster Relief Act passed late in 2019 contain more than the name implies. What was the act about and how will it affect your client?
- What will the IRS look like after the implementation of the – Taxpayer’s First Act plus the additional modifications made by other recent acts.
- Expanding the discussion on Social Security and Medicare helpful planning tips and tools to assist clients with Medicare and
- Social Security decisions by planning before the ages of 62-67.
- Complying with the Data Security Rules as required by IRS.
- Qualified Opportunity Zones, final regulations and how is the QOZ election made on the tax return.
- Tax challenges facing special industries including shared economy businesses.
- Luxury automobile depreciation amounts safe harbors planning with the larger depreciation deductions post TCJA.
We partner with sponsoring state associations to provide both live, in-person, and online seminars. Here is where you can reach your local partners to learn more.
Click here for a schedule of their events (PDF)
Early Bird Deadline is: July 1, 2020. Going virtual has never been easier and a better value! For a limited time, take advantage of the lowest price available with industry leading virtual tax and accounting programming from Gear Up.
Does not apply to association or society events.
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