CPAR Taxes  |  Format: Flash

Further Consolidated Appropriations Act of 2020

Course Overview
On the cusp of a government shutdown, on Friday, December 20, 2019, President Trump signed into law H.R. 1158, entitled the "Consolidated Appropriations Act, 2020" and H.R. 1865, entitled the "Further Consolidated Appropriations Act, 2020," for projects and activities of agencies of the Federal government. The Further Consolidated Appropriations Act of 2020 (FCAA) contains a massive $1.4 trillion spending package necessary to keep the Federal government still standing. It also contains the most comprehensive retirement reform since the Pension Protection Act of 2006. Barbara Weltman, president of Big Ideas for Small Business, provides an overview of the new tax rules.

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

  • Identify the key provisions under the SECURE Act;
  • Recognize the popular extenders for individuals;
  • Determine the key business extenders; and
  • Identify the impact of the provisions on kiddie tax and certain disaster relief programs.

    Catalog Number: CPAR1439-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation.
    Course Level: Update
    Field of Study: Taxes
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Release/Expiration Dates: Mar 07, 2020 / Apr 01, 2021