COVID-19 | CARES ACT: CPAs and EAs Called to Front Lines (Self Study Video)

  • Credits: 3
  • Format: Self-Study Video
  • Field of Study: Taxes
  • Author/ Speaker: Art Werner & Bradley Burnett

Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01626-20-O None Overview
Published Date: Program Prerequisites: Other Course Formats:
© 2020 None Live | Video | On Demand


The rapid-fire explosion of new tax incentives, loan incentives, and other cash cow infusions into America’s COVID-19 infested economy are hitting like a Texas tornado. Immediate choices on the table have incredibly hard-hitting long (and short) term consequences. Many of these immediate choices are mutually exclusive. A poorly made decision could tank the company. With no time to burn, accountants have been drug smack into the middle of it. Which way to turn? This all-new, screaming hot course dives deeply into the middle of it all. We’ll roll up our sleeves and charge into the fray.

Topics include:

  • Payroll protection loans vs. employee retention credit vs. payroll tax deferral – Pick one and roll the dice Which loan(s) to choose?
  • Payroll Protection vs. EIDL vs. Other What protocols must be followed to punch through the survival maze?
  • Amended returns for immediate cash: NOL carrybacks, §163(j) tweaks, etc.
  • IRS guidance re: practical application of all of this popping daily
  • Playing an extremely smart loss limitation (NOL, basis, at-risk, passive, §461(l) excess business loss and §163(j) business interest expense) game
  • Qualified Improvement Property (QIP) storms the field retroactively
  • Finely crafted gifting and charitable contribution strategies
  • Quick access to qualified plan funds
  • Hit the breaks (or not) required minimum distributions
  • Rebate check strategies (or not)

Who Should Attend:

  • All Certified Public Accountants (CPAs)

Qualifies and Approved with All State Boards of Accountancy and the following sponsorships: