Join expert Greg White, CPA, as he takes a deep dive into the Federal tax consequences of presidentially declared disasters under the Stafford Act, with detailed coverage of the COVID-19 disaster declaration and Notice 2020-17.
DESIGNED FOR
CPAs preparing federal returns for clients
BENEFITS
- Calculate interest and penalties if tax isn't paid by the Notice 2020-17
- Identify which clients are best served by filing early
- Recognize the amount of taxes clients must pay by April 15
HIGHLIGHTS
Major Subjects:
- Which taxpayers are covered by the relief?
- Are estimated tax payments deferred?
- Are married taxpayers treated differently than single taxpayers?
- What's the maximum amount of taxes that an individual can defer?
- What's the maximum amount for corporations?
- Are all taxes covered?
- Do you still need to file extensions?
- What happens if clients don't pay by the extended deadline?
- Are there other ways to avoid interest and penalties, if you're not within the relief provided by the IRS Notice?
COURSE LEVEL
Update
PREREQUISITES
Basic understanding of federal taxation concepts
ADVANCE PREPARATION
None