Webinar: NEW Stimulus Bill: How These Major Provisions Will Impact You and Your Clients (01-19-2021)

January 19, 2021 from 2:00 pm – 3:50 pm EST

The December Stimulus package has just been released and includes major tax provisions that will be effective for the 2020 tax year - things that CPAs and tax preparers need to know NOW! This presentation will include examples and case problems to illustrate and explain the law provisions.

Learning Objectives:

• Identify and understand the latest developments and major tax law provisions impacting 2020 tax returns for both individuals and business taxpayers
• Apply useful strategies to assist in the tax preparation process

Major Subjects:

• PPP2 - The next round of the Paycheck Protection Program and how it integrates with PPP1
• PPP1 and PPP2 related deductions
• Stimulus payments for individuals, including dependents
• Expanded and refundable child care credit
• Credits for child care providers
• Employer credit for child care payments
• Employee retention credit for domestic workers
• Child and family care for essential workers
• Extended unemployment period and additional payment
• Extensions of prior legislation: mortgage loan forgiveness, interest deduction, energy provisions, depreciation of special assets
• And much more!

Who should attend: CPAs in public practice and members in industry 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 individual and business taxation.

Advanced Preparation: None