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Tuesday, October 20, 2020 LiveMorris/Sussex Chapter

Morris/Sussex Chapter Practitioners' Forum: Review of 2019 Tax Season/Tax Basis Financials (E2010419)

8:00 AM - 9:00 AM EDT

Webcast


OVERVIEW

Join the Morris/Sussex Chapter for an open but guided discussion on issues affecting practitioners. Gain insights from fellow CPAs and learn new resources to take back to your practice. This meeting is open to CPAs of all firm sizes and industries.

HIGHLIGHTS

Discussion of 2019 Tax Season
COVID-19 upended the 2019 tax filing. Deadlines for individuals and certain other tax filings were extended. The IRS shut down field offices, accumulating a backlog of millions of unprocessed paper tax filings. The CARES Act temporarily increased loss limitations, carrybacks and other items enacted in 2017.
The first part of the forum will be a discussion of this extraordinary tax season. Best practices will be discussed as well as how to manage expectations as the IRS and other agencies work to recover from the effects of COVID-19.
Nicole DeRosa, Senior Tax Manager at Wiss & Company LLP, will lead the discussion.

Tax Basis Financial Statements Lenders frequently request “tax basis” financial statements. At first look, it seems redundant since a balance sheet and other income statements are generally included in a company’s tax return. June Toth will review tax basis financial statements and requirements of the Statements on Standards for Accounting and Review Standards (SSARSs) of the AICPA.
June is a Peer Reviewer for public accounting firms and the managing member of ZBT Certified Public Accounting & Consulting.

COURSE LEVEL

Update

ADDITIONAL NOTES

This Practitioners' Forum will take place virtually on Zoom. To receive login instructions, please register for the meeting. You will receive the information via email.

INSTRUCTORS

Nicole DeRosa

Nicole M. DeRosa, CPA, MAcc
(4.7)

Director of Tax

SKC & Co. CPAs, LLC

Nicole is the director of tax with SKC & Co. CPAs, LLC, a Brand Ambassador at UWorld Accounting and has more than 15 years of public accounting experience, specializing in taxation for closely held businesses and individuals. In addition to working with clients in an array of industries, she was also an adjunct professor at Raritan Valley Community College where she taught Tax Accounting for Individuals for four years. Nicole is a member of the NJCPA Board of Trustees and active on several interest groups and committees, including the Content Advisory Board, Federal Taxation Interest Group and Emerging Leaders Interest Group. In 2015, she was awarded “30 Under 30” by the NJCPA. In 2019 she was awarded the “Women to Watch” Ovation Award which applauds the growth and success of female members. Nicole was also named a Forbes Top 200 CPA and was on NJBIZ’s Power 50 List for 2020 and 2021. In Nicole’s spare time, she teaches Zumba Fitness and is active in various charitable organizations, such as St. Jude's and the American Heart Association.

June Toth

June M. Toth, CPA, CFF, CITP, CGMA
(4.6)

Principal

WilkinGuttenplan

June is a principal at WilkinGuttenplan and is the president of the NJCPA for the 2024/25 term. She has been a member of the NJCPA since 1995 and has served in a variety of capacities, including the Peer Review Executive Committee, Strategic Planning Committee and Volunteer Relations Committee, and was chair of the NJ-CPA-PAC Board of Trustees, chair of the Committee Operations Committee and vice leader of the Business Valuation, Forensic & Litigation Services Interest Group. She is also an active participant in the Accounting & Auditing Standards and Nonprofit interest groups. Before WilkinGuttenplan, June was the managing member of zbt Certified Public Accounting & Consulting, LLC. She is a former treasurer of Garwood Municipal Library; a recipient of NJCPA’s Volunteer Award in 2018 and its Women to Watch Award in 2019; one of New Jersey Monthly’s Leading Women in 2015 and one of NJBIZ Accounting Power 50 from 2020 to 2022.

PRICING

Free Event
Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

NJCPA Education Foundation, Inc.
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