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Gassman crotty den

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Self-Study CPE
AREAS OF CONTROVERSY UNDER THE TCJA
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WHY DO I OWE TAX WHEN IT'S NOT MY MONEY? WITHHOLDING PAYMENTS TO FOREIGN PERSONS
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KEYNOTE ADDRESS: OFFICE OF THE TAXPAYER ADVOCATE - 20 YEARS LATER
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OUT OF TIME, OUT OF LUCK? HOW TO REQUEST RELIEF FOR A LATE OR MISSED ELECTION
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WHAT'S NEW AT LB&I: KEY DEVELOPMENTS AND INITIATIVES
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DOES ANYBODY RESIDE HERE? REPRESENTING TAXPAYERS IN NYS RESIDENCY AUDITS
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OVERBROAD INFORMATION DOCUMENT REQUESTS AND DEMANDS TO INTERVIEW THE TAXPAYER
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I WOULD RATHER PAY LESS PLEASE: HOW TO MAKE EFFECTIVE OFFERS IN COMPROMISE
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A PRIMER ON THE EFFECTIVE USE OF EXPERTS IN TAX COURT CASES
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PRESERVING YOUR CHALLENGES UNDER THE ADMINISTRATIVE PROCEDURES ACT
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Free cpece webinars
PPP Questions and Answers: Hot Topics Call for Creative Solutions

PPP QUESTIONS AND ANSWERS: HOT TOPICS CALL FOR CREATIVE SOLUTIONS

Cost Free
CPE Credits 1.0 hour
CE Credits 1.0 hour
Course Id# - HURS9-U-00685-20-O
Subject Area Taxes (Federal Tax Update)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

On Friday, May 15th, the SBA issued its 11-page small print application, and Secretary Mnuchen announced that the program has over $175,000,000 still available to loan. Instructions to the application make it clear that payroll costs can be measured fairly under a new "alternative payroll covered period” and that the 75% rule will not require that 75% of the loan be spent on payroll and payroll expenses to qualify those expenses for debt forgiveness. The newly released application and instructions provide new information and new issues that must be reviewed and understood by all advisors.

1. New guidance and information provided by the new application and its instructions, with comprehensive slides which provide full and well-organized information to review these rules and issues that still exist, including the following:


  • A. How the new Alternative Payroll Covered Period works and what it does and doesn't cover

  • B.  How non-real estate security agreements and leases of personal property can qualify for the mortgage interest forgiveness

  • C. How the 75% rule works, and what the order of reduction is when there are employees who have significant compensation reductions, or if there is a reduction in the workforce 

  • D. Special rules that apply for entities taxed as partnerships

  • E.  Language on utilities including cable and certain transportation costs

  • F.  The impact of "necessity" being referred to in the Forgiveness Application. 

2.  The latest word on the Necessity Requirement and inconsistent FAQ's for borrowers who have received more or less than $2,000,000 in loans

3.  How PPP loans interact and are impacted by EIDL loans, medical relief grants, and other sources of capital

4.  The option of repayment without forgiveness and taking the payroll credit-tax ability of the payroll credit

5.  What is included in the words "Retirement Plans" "Utilities" and other categories of expenses

6.  What is meant by "Paid and Incurred"

7.  What to do and how to account for reductions in the number of employees and compensation of given employees under the 75% tests 

8.  Special rules that apply for Independent Contractors


And much more.
 

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Gassman crotty den

Alan S. Gassman, J.D., LL.M. is a board certified estate planning and trust lawyer who practices in Clearwater, Florida. He has an LL.M. in taxation from the University of Florida, and practices in the areas of trust and estate planning, taxation, wealth preservation, and the representation of physicians and medical practices.

Mr. Gassman speaks at many tax conferences, national programs and national and local webinars, including Bloomberg BNA Tax and Accounting, the Notre Dame Tax and Estate Planning Institute and at many other conferences and webinars.

Gassman crotty den

Brandon Ketron is an associate at the law firm of Gassman, Crotty and Denicola, P.A. and practices in the areas of Estate Planning, Tax, and Corporate and Business Law. Brandon graduated from the University of Florida in May of 2016 where he received his LLM in Taxation. He received his JD from Stetson University College of Law and graduated cum laude. He received his undergraduate degree from Roanoke College where he graduated cum laude with a degree in Business Administration and a concentration in both Accounting and Finance. Brandon is licensed to practice law in the State of Florida and is a licensed CPA in Florida and Virginia.

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Kevin is the managing member partner of C&L Value Advisors, LLC. His primary focus in the firm is working with business owner clients, providing comprehensive accounting, tax preparation and planning, and advisory services. Kevin has presented over 200 programs to individuals and business owners on topics including tax planning, estate and retirement planning, business development, and more.

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.
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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

Gassman crotty den

Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.

Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.