- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 1.0
This online course discusses the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, H.R. 748, the Act) signed in to law on March 27, 2020. This course covers the tax relief provisions for individuals and business as well as a few miscellaneous provisions. A few of the major provisions include the individual recovery rebate/credit, waiving RMDs for 2020, above-the-line charitable deduction, employment retention credit, temporary repeal of NOL limitation, temporary NOL carrybacks, temporary increase in deductible interest expenses, and technical correction for qualified improvement property. This update course provides a general review of new developments in tax legislation. This course is most appropriate for the professional with a background in this topic who is interested in keeping current in this area.
Upon successful completion of this course, the user should be able to:
identify various provisions enacted by the Coronavirus Aid, Relief, and Economic Security Act.