Webinar: Year-End Tax Planning in a 2020 COVID-19 World

December 29, 5:00 pm – 6:50 pm EST

Tax planning is more than an estimated tax calculation, it's a process. Where are we now and what can we change? This timely program will highlight significant 2020 tax developments, including the CARES Act and other subsequent COVID-19 legislation, and discuss key tax planning ideas for your clients as you prepare for the upcoming tax season. Don’t wait until late December to start planning for your clients!

Learning Objectives: Upon completion of this course you will be able to:

• Define the "hot issues" facing tax practitioners in planning for client returns.
• Apply key concepts to special client situations.
• Review of recent legislation and developments.

Program Content:

• Discuss the most recent tax legislation, rulings and developments during 2020, including the SECURE Act, the CARES Act and other COVID-19 relief.
• Tax provision and 2020 extensions.
• Timing income and deductions.
• Tax Depreciation and expensing update, including QIP.
• 2020 tax brackets
• 3.8% Medicare tax on high income wages and SE income.
• Planning for the Section 199A deduction.
• Delay of payroll tax deposits.
• 2020 Business losses, carrybacks and carryforwards and NOLs
• Alternative minimum tax (AMT) issues.
• Qualified Improvement Property.

Who should attend: Practitioners and members in industry seeking a general business and individual tax update or wishing to review key tax topics for planning and preparing client returns.

Program Level: Intermediate

Developed By: Van Der Aa Tax Ed, LLC

Instructor: Doug Van Der Aa

CPE Credit: 2 hours

Field of Study: Taxes

Prerequisites: Basic working knowledge of the tax return preparation.

Advanced Preparation: None