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Wednesday, October 28, 2020 Webcast

Federal Tax Update (Replay) (E2010384)

12:00 PM - 3:00 PM EDT
webcast

Webcast

3.0 CPE Credits in TX

OVERVIEW

In this meeting, hear what you need to know about Coronavirus and recent tax and business relief, Section 139 disaster relief, and the latest tax controversy hot topics.

BENEFITS

Earn 3 CPE credits in Tax.

HIGHLIGHTS

Coronavirus and Recent Tax & Business Relief: What You Need To Know
The Coronavirus pandemic has led to extraordinary economic and social challenges. Recent laws, such as the Coronavirus Aid, Relief and Economic Security (CARES) Act, PPP, and the Families First Coronavirus Response Act, provide economic and tax relief that has important implications for businesses and individuals. The IRS has also issued notices and other guidance providing tax-related relief. This seminar will provide attendees with a summary of the key provisions and changes that you need to know now to help clients.

Under-utilized Section 139 Disaster Relief for Businesses To Deduct Personal Costs
Code Section 139 was enacted during 9/11 and allows any business to provide disaster relief deductible payments to workers for various personal expenses and family costs. The payments are tax-free and non-reportable to the recipient. This under-utilized strategy has little reporting and requires few steps to take for business clients, and can save tens of thousands of dollars while helping workers with disaster-related expenses. We will go over case study examples, FAQs, and implementation steps to allow clients to save money.

The Latest Tax Controversy Hot Topics
With a new IRS Commissioner, who is also a tax controversy attorney, the IRS has ramped up enforcement in certain areas and tax advisors must become familiar with the latest developments in tax controversy. We will explore: new federal tax laws, Foreign Bank Account Report updates, Collection enforcement developments, Penalty developments, the IRS’s new voluntary disclosure programs, the latest IRS audit campaign initiatives, and other hot topics in tax controversy. Experienced tax attorney Parag Patel has counseled hundreds of taxpayers in the resolution of their complex tax controversy problems.

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

Season Pass holders must register for each event.

For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.

INSTRUCTOR

Parag Patel

Parag P. Patel, JD, LL.M. (Tax)

Tax Attorney

Parag P. Patel, Esq.

Parag P. Patel, Esq., is a tax attorney with the Patel Law Offices in Metro Park, Iselin, NJ. Mr. Patel’s practice concentration is in tax, business transactions and estate planning. He is a board certified estate planning law specialist, a board certified elder law attorney, and a frequent speaker on legal issues affecting tax, offshore tax planning and estate planning. Mr. Patel was recently named a New Jersey Super Lawyer by New Jersey Magazine for tax and estate planning. He has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. Mr. Patel is the 2011/12 chairman of the Tax Law Committee of American Bar Association’s GP Solo and Small Firm Division. He also serves as a part-time municipal court judge for Edison Township, New Jersey. Mr. Patel is a graduate of Georgetown (J.D.) and New York University (LL.M. tax) law schools. He is a member of the New Jersey State, New York State, Middlesex County and American Bar Associations.

PRICING

$75.00 - Member

$125.00 - Non Member

$0.00 - Season Pass

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Note: Online pre-registration will close on October 28 at 12:00 PM.

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