CPAR Taxes

CPAR - 2019/November, Seg.03 - Disaster Relief: The IRS May Have Your Back

Course Overview
Hurricanes and natural disasters are starting to be the norm, especially in certain parts of the country. Recently, the Bahamas and areas of Texas were devastated by Hurricane Dorian and the tropical storm Imelda. Disasters can strike without warning, causing significant damage and destruction. Special tax law provisions may help individual taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area. Barbara Weltman, president of Big Ideas for Small Business, explains the deductibility of such losses and the choices taxpayers have in claiming them.

Learning Objectives:

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

  • Identify the special tax law provisions available through the IRS disaster relief program;
  • Determine the characterization of interest expense and its deductibility;
  • Recognize the statutory changes affecting section 401(k) plans, including changes made by the BBA of 2018; and
  • Identify procedures for when a withdrawal is made from a retirement plan and a rollover period is missed.

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.


Price (USD)

Standard: $69.90


Course Code : CPAR1429-FM

Release Date : 11/30/2019
Expire Date : 01/03/2021
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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