The Coronavirus Aid, Relief and Economic Security (“CARES”) Act provided hundreds of billions of dollars to support businesses and stimulate the economy.  Recognizing that such huge amounts of money will attract some fraudulent behavior, Congress has earmarked significant funding for monitoring compliance and enforcement.  The IRS has a significant role in disseminating CARES Act relief and will be tasked with a large part of ensuring compliance and enforcement activities.  Indeed, several criminal fraud cases already have been filed and more are sure to follow.  This panel will explain how the IRS will be monitoring the provision of the CARES Act such as tax refunds and credits, the Payroll Protection Program, and Net Operating Losses. 

Moderator:       

• Chris Ferguson, Partner, Kostelanetz & Fink

Panelists:

• 
  Michael Batdorf, Executive Director Refund and Cyber Crimes, Criminal Investigation, IRS
  


• John Hinding, Director, Cross Border Activities, Large Business and International Division, IRS


• Nikki Johnson, Director, Collection Policy, Small Business &Self-Employed Division, IRS

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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.

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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