CPAR Taxes

CPAR - 2020/May, Seg.01 - COVID-19: Tax Recovery While the World Recovers

Course Overview
On Friday, March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion stimulus package which contains $376 billion in relief for American workers and small businesses. In addition to the traditional Small Business Administration (SBA) funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak, such as the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), SBA Express Bridge Loans and SBA Debt Relief. The coronavirus has triggered dramatic tax changes. Barbara Weltman, president of Big Ideas for Small Business, Inc. discusses the tax provisions starting with recovery rebate checks for individuals.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the limitations of the CARES Act tax credits for individuals;
  • Determine the rules and distribution qualifying factors applicable to qualified retirement plans for all of 2020;
  • Identify the tax credits available to employers from paid sick leave, paid family leave and childcare leave; and
  • Recognize the extended due dates for individuals, calendar year C corporations, and gift and generation skipping tax returns.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1451-FM

Release Date : 06/03/2020
Expire Date : 07/09/2021
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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