Self-Study
Overview
CPE Credits
2 Credits: Taxes
Course Description
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), legislation designed to provide economic relief for those impacted by COVID19, became law. This course provides a general review of the principal provisions of the CARES Act and of other federal tax-related stimulus legislation passed during 2020.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Apply the recovery rebate rules;
- Describe the provisions of the Paycheck Protection Program;
- Recognize the rules related to unemployment benefits under the Pandemic Unemployment Assistance program;
- Apply the provisions regarding expanded tax-favored use of retirement funds;
- Identify the changes to net operating loss (NOL) carryback rules;
- Apply the changes in charitable contribution rules;
- Describe the changes in health savings account (HSA) rules related to first-dollar payment for telehealth and COVID-19 testing and treatment;
- Apply the rule changes to qualified improvement property depreciation; and
- Recognize the rules related to miscellaneous provisions, including –
- Changes to the foreign income exclusion,
- Section 1031 exchange timing,
- Correction of the deductible period applicable to qualified improvement property,
- Modification of limitation on losses for non-corporate taxpayers,
- Changes to the limitation on business interest expense deductions,
- Exclusion of certain employer payments of student loans, and
- Expansion of economic injury disaster loans (EIDLs).
Course Specifics
|
Course ID 8202716 |
Revision Date October 7, 2020 |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01614-20-S
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01614-20-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1510
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1510
CTEC Federal Tax Law Credits: 2
Course Instructor
Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Economic Stimulus Legislation: Federal Response to COVID-19
$58.00 – $78.00
Self-Study
Overview
CPE Credits
2 Credits: Taxes
Course Description
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), legislation designed to provide economic relief for those impacted by COVID19, became law. This course provides a general review of the principal provisions of the CARES Act and of other federal tax-related stimulus legislation passed during 2020.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Apply the recovery rebate rules;
- Describe the provisions of the Paycheck Protection Program;
- Recognize the rules related to unemployment benefits under the Pandemic Unemployment Assistance program;
- Apply the provisions regarding expanded tax-favored use of retirement funds;
- Identify the changes to net operating loss (NOL) carryback rules;
- Apply the changes in charitable contribution rules;
- Describe the changes in health savings account (HSA) rules related to first-dollar payment for telehealth and COVID-19 testing and treatment;
- Apply the rule changes to qualified improvement property depreciation; and
- Recognize the rules related to miscellaneous provisions, including –
- Changes to the foreign income exclusion,
- Section 1031 exchange timing,
- Correction of the deductible period applicable to qualified improvement property,
- Modification of limitation on losses for non-corporate taxpayers,
- Changes to the limitation on business interest expense deductions,
- Exclusion of certain employer payments of student loans, and
- Expansion of economic injury disaster loans (EIDLs).
Course Specifics
|
Course ID 8202716 |
Revision Date October 7, 2020 |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01614-20-S
IRS Federal Tax Law Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01614-20-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1510
CTEC Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-1510
CTEC Federal Tax Law Credits: 2
Course Instructor
Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Economic Stimulus Legislation: Federal Response to COVID-19
$58.00 – $78.00