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Friday, April 17, 2020 Live Replay

Don Farmer’s Review of Recent Tax Legislation and IRS Tax Relief Due to Coronavirus (COVID-19) (E2004574)

8:00 AM - 11:30 AM EDT

Registration: 7:45 AM EDT

Webcast


4 CPE Credits in TX

OVERVIEW

The COVID-19 pandemic has created a landslide of legislation to help ease the burden on businesses and individuals. Learn about the massive tax changes affecting practitioners and their clients.

DESIGNED FOR

All CPAs and financial professionals.

BENEFITS

The purpose of this webinar is to help practitioners get their arms around the various tax benefits (including tax refunds from prior years) and obligations contained in recent legislation.

HIGHLIGHTS

Learn about these major topics:

IRS's New People First Initiative:
  • Postpones a long list of tax-related deadlines from April 15th, 2020 to July 15th, 2020 and the affect of this postponement on other time-sensitive acts.
  • Postpones numerous enforcement actions until July 15th, 2020.
The CARES Act (Coronavirus Aid, Relief and Economic Security Act) signed into law on March 27, 2020 which includes:
  • Rebates up to $1,200 for Individuals ($2,400 for joint filers) and $500 for Qualifying Children.
  • Employee Retention Credits for certain employers experiencing economic hardship due to the Coronavirus pandemic.
  • Penalty Relief for Coronavirus-related distributions from retirement plans.
  • Delay of RMDs.
  • Increased deduction limits for charitable contributions; Retroactive NOL carrybacks.
  • Delay of employer payroll tax payments.
  • Retroactive delay of the Excess Loss Limitation for individuals (‘461(l)).
  • Retroactive acceleration of refundable corporate AMT credits.
  • Increased deduction limits for business interest expense (‘163(j).
  • Qualified Improvement Property Fix; Limited income exclusion for employer payments on employee student loans.
  • and more.
Families First Coronavirus Response Act (H.R. 6201) enacted on March 18, 2020 that:
  • Requires employers with fewer than 500 employees to make Qualified Sick Leave Payments and Qualified Family Leave Payments for a range of employees who can’t work because of the Coronavirus.
  • Provides Offsetting refundable payroll tax credits for employers that make these payments.
  • Provides refundable tax credits for Self-Employed individuals who cannot work because of the Coronavirus.

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Walter Nunnallee

Walter H Nunnallee, J.D., CPA

Don Farmer, CPA, PA

Walter H. Nunnallee, Esq., CPA, served as a professor of tax law at North Carolina Central University School of Law, Durham, North Carolina from 1986 to 2010. Mr. Nunnallee has also served as visiting interim professor at the University of Florida College of Law and as an adjunct professor of tax law at University of North Carolina School of Law, Duke University School of Law, and the Graduate Tax Program at the University of Florida College of Law. He worked as a CPA with KPMG, Raleigh, North Carolina from 1975 to 1978, and from 1981 through 1988 he was an attorney with the law firms of Poyner & Spruill and Manning, Fulton and Skinner, Raleigh, North Carolina. His academic credentials include a B.S. from Florida State University, a J.D. from the University of North Carolina, and an LL.M. in Taxation from the University of Florida (where he finished first in his class). He has authored numerous tax articles published in the Oregon Law Review, The Tax Lawyer, Tax Notes, and The Review Of Taxation Of Individuals. Mr. Nunnallee has frequently lectured at tax conferences including the University of Montana School of Law Tax Institute; Southern Federal Tax Institute, Virginia Tax Conference, University of North Carolina School of Law Annual Tax Institute; and various state tax institutes. He is a frequent discussion leader for tax-oriented CPE seminars throughout the country. He is also a member of the North Carolina Association of Certified Public Accountants and the North Carolina Bar Association (past chairman of the Tax Section, 1991-92). He serves on the Board of Advisers of the J. Nelson Young Tax Institute. Mr. Nunnallee has been associated with Don Farmer since 1991 presenting tax seminars around the country.

PRICING

$145.00 - Member

$195.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Business Learning Institute