COVID-19: Business and Individual Update

This program addresses the many business and individual tax provisions from the CARES Act and subsequent legislation and their impact on the CPA practice in a world of crisis. Actual practice situations are used to explain the unique reporting and planning challenges facing practitioners, and then analyzed for their reporting implications.

NOTE: This program does not cover payroll and loan reporting provisions.

Learning Objectives: To provide an exploration of numerous practice situations occasioned by the business and individual tax provisions in recent COVID-19 related legislation.

Program Content:

• "Real-life" examples and practice issues CPAs are dealing with in these extraordinary times.
• Review and update of NOL, business interest limitations, and depreciation changes in recent legislation.
• Review and update of postponed tax returns and payments.
• Review and update of rebate provisions.
• Review and update of retirement and numerous other individual provisions in recent legislation.
• Planning for extended return and payment due date.

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

Program Level: Intermediate

Developed By: Federal Tax Workshops, Inc

Instructor: Steven C. Dilley, CPA, JD, PhD

CPE Credit: 2 hours

Field of Study: Taxes

Prerequisites: Basic working knowledge of business and individual taxation.

Advanced Preparation: None