NEW 2020 Stimulus Bill: Tax Provisions You Need to Know NOW

Monday, April 5 10:30am - 12:30pm

(Check-In 10:15am)

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2.00 Credits

Member Price $79.00

Non-Member Price $114.00

Overview

The December Stimulus package has just been released and includes major tax provisions that will be effective for the 2020 tax year, things that CPAs and tax preparers need to know NOW!  This presentation will include examples and case problems to illustrate and explain the law provisions.  This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

  • • PPP2 - The next round of the Paycheck Protection Program and how it integrates with PPP1
  • • PPP1 and PPP2 related deductions
  • • Stimulus payments for individuals, including dependents
  • • Expanded and refundable child care credit
  • • Credits for child care providers
  • • Employer credit for child care payments
  • • Employee retention credit for domestic workers
  • • Child and family care for essential workers
  • • Extended unemployment period and additional payment
  • • Extensions of prior legislation: mortgage loan forgiveness, interest deduction, energy provisions, depreciation of special assets
  • • And much more!

Prerequisites

Basic working knowledge of business and individual taxation.

Designed For

CPAs in public practice seeking an update on the latest COVID-19 tax developments affecting both business and individual taxpayers.

Objectives

  • • Identify and understand the latest developments and major tax law provisions impacting 2020 tax returns for both individuals and business taxpayers
  • • Apply useful strategies to assist in the tax preparation process

Notice

You will receive an email from CPA Crossings with your access information to this webinar.

Leader(s):

Leaders

Steven Dilley

Steve is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 33 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics.

In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting. He received the 2005 "Distinguished Achievement in Accounting Education Award" in Michigan. He also received the 2007 "MSU Accounting and Information Systems Department Outstanding Teacher Award."

He obtained his Ph.D. in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.

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Non-Member Price $114.00

Member Price $79.00