COVID-19 | Tax Summary- Cares Act Plus Related Tax Legislation & Pronouncements (ebook)

  • Credits: 1
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Update
  • Author/Speaker: Danny Santucci, CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01610-20-S | 6233-CE-0337 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 General Understanding of Federal Taxation Self-Study eBook
COURSE DESCRIPTION

The Families First Coronavirus Response Act was signed by President Trump on March 18, 2020. Later on March 27, 2020, he signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, with a $2.2 trillion price tag. These Acts have been supplemented by pronouncements from the Treasury Department and Internal Revenue Service. These emergency coronavirus provisions are intended to limit the spread of the pandemic, support relief efforts, and stabilize the economy.

This course is an overview and summary of tax provisions contained in the above legislation and government pronouncements. It provides a reference to selected individual, business, retirement, employment, filing, and charitable tax provisions adopted. The resulting major tax impact carries a special meaning to the tax practitioner and returns preparer. The course is intended to be a resource for tax professionals and staff alike to gain easy access to the most important major changes.

Topics include:
  • Families First Coronavirus Response Act paid leave requirements
  • Modified income tax filing & payment deadlines
  • (CARES) Act tax provisions

 

Learning Objectives:

After reading the course material, you will be able to:

  • Identify permissible HSA payments, allowable FFCRA payroll tax credits and paid leave, postponement of tax filing and payment deadlines, the Stafford Act.
  • Recognize the tax provisions of the CARES Act including recovery rebates, above-the-line charitable contributions, deferral of the payroll tax, business loan forgiveness, employee retention, and unemployment benefits.

 

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC