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Self-Study CPE
TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE
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2019 TAX SEASON CHAOS: DISCLOSURE? DON'T FILE AN UNCERTAIN TAX RETURN WITHOUT IT
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QUALIFIED OPPORTUNITY ZONES: BRAND NEW PROPOSED REGULATIONS ROUND 2
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2020 ANNUAL FEDERAL TAX SEASON UPDATE
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PRESERVING YOUR CHALLENGES UNDER THE ADMINISTRATIVE PROCEDURES ACT
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I WOULD RATHER PAY LESS PLEASE: HOW TO MAKE EFFECTIVE OFFERS IN COMPROMISE
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NEW YORK STATE'S USE OF THE FALSE CLAIMS ACT AS A TOOL OF TAX ENFORCEMENT
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A PRIMER ON THE EFFECTIVE USE OF EXPERTS IN TAX COURT CASES
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WHEN IS THE UPDATED VOLUNTARY DISCLOSURE PRACTICE THE BEST CHOICE?
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OVERBROAD INFORMATION DOCUMENT REQUESTS AND DEMANDS TO INTERVIEW THE TAXPAYER
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Cpece webinars
CARES Act 2020: Coronavirus Aid, Relief, and Economic Security

CARES ACT 2020: CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY

Includes Notices 2020-20 & 2020-22, H.R. 6201, H. R. 748
Cost $50.00
CPE Credits 2.0 hours
CE Credits 2.0 hours
Course Id# - HURS9-U-00628-20-O
Subject Area Taxes (Federal Tax Update)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

The $2.2 Trillion “CARES Act,” which is designed to provide loans and loan forgiveness, tax incentives, credits, and deductions to Americans and American businesses, passed the Senate with a vote of 96-0. The bill will inject $2 trillion into the American economy, and includes a range of tax rebates, expanded unemployment benefits and a variety of business tax-relief provisions designed to bolster individual, family and business finances.

To make sense of it all, join Bob Keebler in his exclusive Webinar where he reviews the following points:


  • A massive emergency SBA nonrecourse loan program for small businesses with generous forgiveness provisions.   

  • Income Tax-Free SBA loan forgiveness along with key tax Incentives designed to stimulate the U.S. economy

  • Deferral of the Employer side of Social Security Taxes Until 2021 and 2022

  • $1,200 checks to many Americans plus $500/child that will be phased out based on income widely believed to be $75,000

  • Employment Tax Credits to 100% Finance Sick Leave for Small Business

  • Expansion of NOL Carrybacks and Carryforwards

  • Waiver of 2020 RMDs from Qualified Retirement Plans

  • Waiver of 2020 RMDs from IRAs

  • Delayed Filing Dates for Some Returns and Not Others

  • Delayed Payment Dates

  • Retirement Plan and IRA Penalty-Free Distributions – with Repayment Plans over Several Years

  • Retirement Plan Loan Expansion & Relief

  • Delayed IRA and Plan Contribution Dates

  • New Charitable Tax Breaks – Including an above-the-line deduction and Percentage Limitation Rollback  

  • Significantly Delay on the Payment of Employment Taxes

  • 461(l) Excess Loss Limitation Relief

  • Deductible Business Interest Expense Relief


Since this course was first developed, new regulations and guidance have continued to flow out of Treasury. Given the fast and evolving response from various units of government, we expect new developments daily that directly affect the work of financial, tax, and accounting professionals.
 
The developments we believe of broad significance to tax practitioners are:


  • Notice 2020-32, in which the IRS determined business expenses satisfied with forgiven PPP loan proceeds are not deductible

  • Paycheck Protection Program FAQs (frequently updated guidance from Treasury)

  • Regulations promulgated by the SBA which explain how the PPP loan program will apply to sole proprietors and partnerships


You can find these documents and more on the IRS website: https://www.irs.gov/coronavirus/coronavirus-and-economic-impact-payments-resources-and-guidance
 

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Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute.

Additional Materials
Paycheck Protection
CARES files
IRS Notice 20 23
additional eligibility
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the 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 IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.