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COVID-19 Tax Legislation Issues Facing Tax Professionals | 2 Day Event

Course Price: $229.00
CPE Credits
5
Date
October 21, 2020
Course Time
10:00 AM
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
Knowledge of Federal Tax Law
IRS CPE
5
NASBA CPE
5
CTEC CPE
5
Instructor(s)
Paul La Monaca CPA, MST

Course Description

This course is an in-depth follow-up to NSTP’s introductory course on the Family First Coronavirus Response Act and CARES Act as well as the Disaster Act. The course reviews the basic issues of the Legislation and then drills down into the application of provisions for income tax preparation purposes.

October 21, 2020

  • 10:00 am - 12:15 pm  Pacific Time Zone
  • 11:00 am - 1:15 pm  Mountain Time Zone
  • 12:00 pm - 2:15 pm  Central Time Zone
  • 1:00 pm - 3:15 pm  Eastern Time Zone

October 22, 2020

  • 10:00 am - 12:30 pm  Pacific Time Zone
  • 11:00 am - 1:30 pm  Mountain Time Zone
  • 12:00 pm - 2:30 pm  Central Time Zone
  • 1:00 pm - 3:30 pm  Eastern Time Zone
IRS: 5 CPE Tax Law Update
NASBA: 5 CPE Taxes
CTEC: 5 CPE Tax Update
  • The Families First Coronavirus Response Act H.R. 6201 includes the details of the credits created as a result of the

  • Emergency Paid Sick Leave Act and

  • Emergency Family Medical Leave Expansion Act

The calculations of the Employee Retention Credits will be reviewed which was created by the Coronavirus Aid, Relief and Economic Security Act (CARES) H.R. 748

The course will discuss all the Federal Tax provisions of the CARES Act which actually changes some of the provisions of the Tax Cuts and Jobs Act (TCJA). The course discusses who is eligible for which provisions and how to apply the law and when it is applicable. The course will review guidance provided by the IRS and the SBA on the Paycheck Protection Program (PPP) Loans. The session will review new IRS Forms, procedures, elections and rulings pertaining to the Legislation. The course will cover illustrations, examples and calculations of specified provisions.

Learning Objectives

At the conclusion of this session, the participant will have a better understanding of PPP Loans and knowledge on how, when, and why to apply the Legislation enacted for servicing their clients. The participant will be aware of current activity coming out of Congress, the White House and the IRS and other governmental agencies involving COVID-19 and the Disaster Act. The course will also review retroactive changes made to the Internal Revenue Code.

Disclaimer
Webinar is an interactive visual and audio presentation course, hosted by a NSTP Instructor. A great way to interact, submit questions and post comments. The course includes a pre-recorded webinar and may include PowerPoints slides, a PDF textbook or both.
  • Each participant must answer the poll questions during the webinar in order to be awarded CE credits failure to do will result in no CE credits per National Association of State Boards of Accountancy (NASBA) CE program standards.
Administration Policies: NSTP follows strict administrative policies
Webinar Registration

It is vital that each individual taking the webinar register under their own name and email. The webinar link will be sent to the email of the registrant. Because the links are unique for each email address, they will not work if forwarded to another email address.

Cancellation: NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.

Refunds, Cancellations, Complaints

For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.

Webinars are Interactive Visual and Audio Presentations

Each participant must answer the poll questions that appear on the screen during the webinar: failure to do so will result in no credits being awarded for that webinar.

There is no support to earn webinar CE by listening on a phone only.

Webinar Audio Troubleshooting

Keep all electronic handheld devices, such as Blackberries or cell phones, away from microphones and speakers.

A USB headset is recommended. If you are hearing an echo, try the following:

  • If using speakers for sound, reduce your speaker volume to a low level and keep your microphone away from your speakers
  • If you think the echo is from an attendee, see who is speaking and ask them to lower their speaker volume or alternately you can mute that attendee’s sound
  • If joining via telephone, make sure the audio setting on your Control Panel is not set to mic & speakers
  • Check to see if your built-in laptop microphone is turned off. If not, turn it off– built-in mics can cause echoes
  • If your webcam mic is on, turn it off – webcam mics can also cause echoes
  • If using a microphone, move it closer to you and away from sound-generating devices (computer fans, speakers, etc.)
  • Do not move or touch the microphone, especially when speaking

If there are delays, words are dropped or you hear robotic sounds:

  • This is often due to poor network performance, lack of memory or high CPU usage
  • Close all applications, tabs, programs you are not using for the presentation

VoIP users:

  • Dial-up Internet connections are inherently slow and can cause problems
  • Broadband Internet connections are recommended
  • If problem persists, switch to telephone and dial in to the meeting. You must select “Telephone” in the Audio pane to do this.

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.