Federal Tax Update-Business
webinarProduct Description
2020 has seen the year-end 2019 Secure Act, the March 2020 FFCRV Act, the March 2020 CARES Act, the June 2020 PPPFA and numerous rulings and court cases. Don't worry, we've got you covered! New this year are hundreds of hyperlinks to the 100% free online tax research product at MyTaxDesk, so you don't even have to worry about your research library and finding the citation!
• We start the day with an in-depth discussion, explanation and example forms for the PPP loan forgiveness rules, including tax reporting and Forms 3508 and 3508 EZ, expense adjustments and all of the latest SBA and IRS guidance including major changes up to the day before your class!
• We then move to the payroll-related changes and again discuss, in depth with examples:
o The Paid Sick Leave Program and credit
o The new FMLA rules and credit
o The new Employee Retention Credit
o Disaster Relief Payments
o New Form 1099-NEC replacing the 1099-MISC
o Court cases on employee v. Independent Contractor
• Next are the general business changes
o Excess business loss changes
o New business interest rules with examples
o New court cases on business and hobby losses
o New Regulations (again!) on meals and entertainment deductions
o Quick review of other changes in credits, fringe benefits, health care and pensions
• Partnerships once again have seen lots of changes and we provide the latest guidance on:
o Tax basis capital reporting
o New and revised 1065 schedules and forms
o Late filing penalty relief
o CPAR interpretations
• Accounting methods-In Depth
o New rules on inventory
o Completed Forms 3115 for 4 different situational accounting method changes
• The QBI deduction's latest guidance
• Corporations:
o C Corporate changes from the CARES Act
o Potential 2021 changes after the election
o S Terminations and new K-1's
o Net operating losses under CARES
• Depreciation-the new QIP rules and fixes
• Tax exempt reporting clarification
And, we will have special coverage of post-election changes if they occur!
Attendee Requirements
THIS IS A REBROADCAST - Earn Live CPE credit. This is a rebroadcast of an earlier webinar with a Live Moderator to answer your questions.
You must have a high speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor.
If you have more than 1 person PAID FOR and REGISTERED for the streaming webinar and all would like to watch from the same computer, please complete the Proctor Form and return to us AFTER completion of the webcast in order to receive CPE credit.
You can log in 10 minutes early. Please note-you will not see or hear the speaker until the prompt start time.
All streaming webinar times listed are Eastern Time Zone. Please adjust to your time zone.
Prerequisites
1 year tax preparation experience.Field of Study
Taxes-8.00Hours
8NASBA Categories
TaxesCourse Level
UpdateCourse Objectives
Upon completion of this course you will be able to advise clients about the latest C and S Corporation tax changes, as well as LLC changes and you will be able to explain the latest changes in tax law to your business clients, as well as differences in entity types. Participants will be able to provide clients with the characteristics, advantages, and disadvantages of LLC’s and inform clients of the various characteristics and tax implications of the S corporation form of business entity. The course will include the latest modifications from Congress as well as other relevant IRS Notices, announcements, ruling and court cases for corporations, S corporations, and entities taxed as partnerships and discussion of common compliance issues encountered during this year’s tax preparation season.
Available Options
Webinar
A scheduled, online course viewable on any computer or device with Zoom access; suitable for single person use. Webinars include: online course, eBook download, & PDF of PowerPoint slides. CPE credit will be issued based on log in time and percentage of polling questions answered.
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Seminar
A live event to be attended in person. Seminars include: printed book, eBook download, PDF of PowerPoint slides, light breakfast, lunch, & CPE credit.
View ProductSelf Study Options
On Demand
An online, previously recorded course viewed at your convenience. The course is added to your TaxSpeaker account for instant access and includes: eBook, PDF of PowerPoint slides, downloadable course video, & (1) exam required for CPE credits.
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Ebook/DVD
A digital, downloadable PDF course manual & DVD package which includes: digital manual, DVD of course presentation, PDF of PowerPoint slides & (1) exam required for CPE credit. The DVD will be shipped to you and the manual/slides will be added to your TaxSpeaker account to download at your convenience.
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Manual/DVD
A physical, printed copy of our course manual and a course DVD. Included is: manual, DVD, PDF of PowerPoint slides, & (1) Exam required for CPE credit. The manual and DVD will be shipped to you; the slides will be added to your TaxSpeaker account to download at your convenience.
View ProductSpeaker Details
Bob Jennings CPA, EA
Disclaimer
Fees and Schedule - This TaxSpeaker Internet-Live webinar will begin and end promptly at stated time (Eastern Time Zone). All 8-hour webinars will break for lunch, and have 2, 10-15-minute breaks.
Attendees must log in on time, remain logged in for the full length of the webinar, and answer 75% of all polling questions to obtain full CPE credit.
Cancellation, Transfer and Refund Policy Registration fees will be refunded in full for up to 7 days in advance of the webinar. Registrations cancelled between 1-7 days prior to the webinar date can be switched to the same webinar, on a different date, or an On Demand of the same course. For more information regarding administrative policies, complaints and refunds please contact us at 877-466-1040 or visit www.taxspeaker.com
NO REFUNDS/TRANSFERS WILL BE ISSUED AFTER THE WEBINAR BEGINS. NO EXCEPTIONS.
Please call us at 877-466-1040 for auxiliary aid needs.
Continuing Education
Jennings Advisory Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor #108251
Jennings Advisory Group, LLC has entered into an agreement with the Return Preparer Office, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Return Preparer office as to the quality of the program or its contribution to the professional competence of the enrolled individual. IRS Sponsor Number 5KBKR.
ALL OF OUR TAX COURSES HAVE IRS APPROVAL UNLESS OTHERWISE NOTED**
