The Stimulus Act and COVID19 Tax Updates
SKU: CPE-06-189
Credit Hours: 2
Level: Basic
Category: Taxes
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Video
Instructor: Eva Rosenberg, EA, CTC, CTRS
Course Description:
Under COVID19 everything has changed this filing season - filing deadlines, IRS access, and so much more. Then, along comes the Stimulus Act with refunds, rebates, loans and new rules. We will give you a summary of the key information your clients are asking about.
This course will cover the following topics:
- Important Information Sources for COVID19 Times
- Deadline Updates and Extensions
- IRAs, Retirements and HSA Contributions v
- Getting Stimulus Checks
- Unemployment Benefits
- Sec 139 Employer Paid Benefits and Assistance
- Distributions from IRAs and Retirement Plans
- Charitable Contributions
- Aviation and Alcohol Taxes
- Tax Credits related to Employees and Self-employed folks
- Delayed FICA/Medi and SE Payments
- Retroactive Changes
- Sec 179, NOL, Excess Losses, minimum tax credit, interest limitation
- Paycheck Protection Program (PPP)
- IRS - People First Initiative
- Working with the IRS when no one is in the offices