CORONAVIRUS (COVID-19) STATEMENT – CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Coronavirus Aid, Relief, And Economic Security Act

Delivery
Webcast
CPE Credits
2
Level
Basic
NASBA Category
Taxes
Prerequisites

None

$98.00

Course Description

On Friday March 27, the ‘CARES Act” became law. The Act will inject $2.2 trillion into the American economy, and includes a range of tax rebates, expanded unemployment benefits and a variety of business tax-relief provisions designed to bolster individual, family and business finances.

MAJOR TOPICS COVERED

  • A massive emergency SBA nonrecourse loan program for small businesses with generous forgiveness provisions.
  • Income Tax-Free SBA loan forgiveness along with key tax Incentives designed to stimulate the U.S. economy
  • Deferral of the Employer side of Social Security Taxes Until 2021 and 2022
  • $1,200 checks to many Americans plus $500/child that will be phased out based on income widely believed to be $75,000
  • Employment Tax Credits to 100% Finance Sick Leave for Small Business
  • Expansion of NOL Carrybacks and Carryforwards
  • Waiver of 2020 RMDs from Qualified Retirement Plans
  • Waiver of 2020 RMDs from IRAs
  • Delayed Filing Dates for Some Returns and Not Others
  • Delayed Payment Dates
  • Retirement Plan and IRA Penalty-Free Distributions – with Repayment Plans over Several Years
  • Retirement Plan Loan Expansion & Relief
  • Delayed IRA and Plan Contribution Dates
  • New Charitable Tax Breaks – Including an above-the-line deduction and Percentage Limitation Rollback
  • Significantly Delay on the Payment of Employment Taxes
  • 461(l) Excess Loss Limitation Relief
  • Deductible Business Interest Expense Relief

Instructor

Robert Keebler, CPA, AEP, MST, CGMA

Robert S. Keebler, CPA/PFS, AEP (Distinguished), CGMA, MST is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Section. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents …

Robert Keebler, CPA, AEP, MST, CGMA Read More »

Course Specifics

Course ID
WC18206875
Revision Date
April 7, 2020
Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01531-20-O
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1428
CTEC Federal Tax Law Credits: 2

Learning Objectives