CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Coronavirus Tax Summary

3 Credits: Taxes

$87.00$107.00

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Coronavirus Tax Summary

Format
Self-Study
Course Level
Overview
CPE Credits

3 Credits: Taxes

Course Description

This insightful course offers tax professionals a thorough summary of the key tax provisions resulting from the Families First Coronavirus Response Act and the CARES Act. By participating in this course, attendees will gain a clear understanding of a range of critical topics, including Health Savings Account (HSA) payments, the intricacies of payroll tax credits under the FFCRA, and the revised tax filing and payment deadlines. The course also delves into the complex tax provisions of the CARES, CAA, and ARPA Acts, shedding light on recovery rebates, charitable contribution deductions, payroll tax deferrals, and the specifics of loan forgiveness and employee retention credits. Participants will emerge with a solid grasp of these legislative changes, enabling them to provide informed advice on a variety of issues such as remote medical services, business loss adjustments, COBRA, and unemployment benefits. This course is particularly beneficial for professionals seeking to update their knowledge base to offer accurate and timely tax advice in the context of the pandemic’s far-reaching economic impacts.

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Learning Objectives

Upon successful completion of this course, participants 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, CAA & ARPA Acts including recovery rebates, above-the-line charitable contributions, deferral of payroll tax, loan forgiveness, employee retention credits, remote medical services, business losses, COBRA, and unemployment benefits.
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Course Specifics

Course ID
8222854
Revision Date
March 8, 2023
Prerequisites

General understanding of federal income taxation.

Advanced Preparation

None

Number of Pages
69

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01990-22-S
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1727
CTEC Federal Tax Law Credits: 3

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …