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Note: All dates and times displayed below are in Eastern Time.

January 28, 2020
12:00PM - 2:00PM ET

$149

January 30, 2020
5:00PM - 7:00PM ET

$149

February 04, 2020
12:00PM - 2:00PM ET

$149

February 06, 2020
5:00PM - 7:00PM ET

$149

February 11, 2020
12:00PM - 2:00PM ET

$149

February 13, 2020
5:00PM - 7:00PM ET

$149

Webcast
2
Update
Taxes
None

Course Description

This overview of the Further Consolidated Appropriations Act, 2020 (HR 1865) covers both Extenders AND provisions of The SECURE Act. Enacted on Dec. 20, 2019, this was must-pass legislation, or the government would have shut down on Dec. 21st. Tacked onto the critical appropriation bill were many year-end tax changes -- some retroactive.  Included in the new law are pension and IRA reform provisions, extenders, disaster relief, and the repeal of a few ACA taxes.

Since the Further Consolidated Appropriations Act retroactively changed 16+ tax breaks that had expired in 2017, amended returns for 2018 are required!

Also included in this analysis is a summary of 23 major provisions of the Setting Every Community Up for Retirement Enhancement (The SECURE Act), the First Pension and IRA Overhaul since the 2006 Pension Protection Act.

You Will Leave with No Questions Unanswered!



Instructor

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education.
Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking Professional (CSP) designation from the National Speakers Association, which has granted only 400 CSPs out of 3,600 NSA members as of 2006.
Vern practiced in the public, governmental, and corporate accounting fields before starting his own public accounting practice in 1973, a firm that grew to one of the largest in western Montana. In 1985, he started his present tax consulting practice. CPA Magazine recognized Vern as one of the top 50 IRS representation practitioners in 2008.



Course Specifics

Taxes
Jan 6, 2020
None
WC18206736
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

 · Introduction - The Further Consolidated Appropriations Act, 2020 (HR 1865) 

· Individual Provisions

Kiddie Tax

Medical Expense Deduction AGI Limit

529 Plans

Qualified Tuition and Related Expenses

Treatment of Mortgage Insurance Premiums (MIPs)

· Individual Disaster Relief Provisions

Temporary Increase in Limitation on Qualified Contributions for Disaster-related Relief

Special Rules for Qualified Personal Casualty Loses

Special Rules for Determining Earned Income for Refundable Child Tax Credit and Earned Income Credit Purposes

Automatic Extension of Filing Deadlines in Case of Individual Taxpayers Affected by Federally Declared Disasters

· IRA and Retirement Funds - 16 Provisions

· IRA and Retirement Funds - Disaster Relief - Two Provisions

· Real Estate

Exclusion for Cancellation of Acquisition Indebtedness on Qualified Principle Residence Indebtedness expiration

Nonbusiness Energy Property Tax Credits Retroactive Extension

· Business - 12 Provisions

· Business - Disaster Relief - Three Provisions

Temporary Increase in Limitation on Qualified Contributions for Disaster-Related Relief

Employee Retention Business Credit for Employers Affected by Qualified Disasters

Automatic Extension of Filing Deadlines in Case of Business Taxpayers Affected by Federally Declared Disasters

· Payroll Provision

Employer Credit for Paid Family and Medical Leave Extension

· C Corporation Provisions

Temporary Increase in Limitation on Qualified Contributions for Disaster-Related Relief

Repeal of Increase in Unrelated Business Taxable Income (UBIT) for Certain Fringe Benefit Expenses Paid by Exempt Organization

· IRS Practice and Procedures Provision

Increase in Penalty for Failure to File



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