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Tax Effects of Coronavirus (Covid-19) and CARES Act


Total Credits: 3 including 3 Taxes - Technical

Average Rating:
   148
Categories:
ACPEN Industry Institute |  ACPEN Tax Institute |  IRS Approved |  Tax
Faculty:
Bradley Burnett, J.D., LL.M. |  Arthur Werner
Course Levels:
All Levels
Duration:
3 Hours
License:

Dates


Description

The Coronavirus has wreaked economic havoc and Congress, as well as the IRS, have needed to act swiftly with regards to tax laws. As of March 28, 2020, President Donald Trump signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act. This course will discuss the tax and liquidity planning in response to the CARES Act. The IRS has postponed some deadlines, but not all. You will be equipped with navigating the many questions surrounding the deferral of 2019 tax payments. Additionally, a Families First Act has been signed, providing a stimulus package for those affected financially by the Covid-19 pandemic. This course will detail the IRS’s rapidly changing approach to collections, statute of limitation protections, and operations. By the end of this course, you will know how these new and sudden changes affect your clients and enable you to answer the many questions they may have as a result of these changes.

 

Because the details surrounding the Coronavirus are uncertain, the legislation is ever-changing. The information in this course is intended to provide information on new legislation that has been put in place up until this point. As any potential major changes occur, those who take this program will be kept up to date.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Basic Course Information

Learning Objectives
  • At the end of this course, you will be able to:   
    • Explain the Stafford Act Emergency Declaration
    • Interpret the Families First Coronavirus Response Act
    • Discuss the CARES Act
    • Discuss and interpret details surrounding the Tax Payment and Tax Filing Reliefs

Major Subjects
  • Survival cashflow in time of crisis: SBA loans, employee retention credit or payroll tax deferral?
  • Payroll Protection Program Loans - Cash flow and tax heaven - Act fast or goodbye - Accountants desperately needed
  • Tax credits for paid sick and family leave – Deep cut knowledge needed here  
    Waiver of penalties both inside and outside of a box  
  • Stafford Act Emergency Declaration
  • IRS Notice 2020-17 – Tax Payment Relief
  • IRS Notice 2020-18 – Tax Filing Relief
  • Filing and Payment Deadline IRS FAQ
  • Families First Coronavirus Response Act
  • CARES Act
  • Cyber security mandates / IRS sanctioned protocols for working from home
  • Tax planning in catastrophic economic times 

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related Seminars and Products


Bradley Burnett practices tax law in Colorado. After undergraduate (Business Administration/Accounting) school and law (J.D.) school, he earned a Master of Laws in Taxation (LL.M.) from the University of Denver School of Law Graduate Tax Program. After stints at national and local accounting firms and a medium sized Denver law firm, he established his own law firm in 1990, He has delivered more than 3,300 presentations on tax law to CPAs, attorneys, EAs and others throughout all fifty U.S. states, Washington, D.C. and seven countries. Bradley served four years as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally pinch-hit in the IRS practice and procedure field. He authors and teaches tax materials for Commerce Clearing House (CCH), has received the Illinois Society of CPAs Instructor Excellence Award and five times has been the most requested, top-rated presenter at annual state CPA tax institutes. His seminar style is briskly paced delivery of practical insights with humor. 


Arthur Werner's Profile

Arthur Werner Related Seminars and Products

Werner-Rocca Seminars, Ltd.


Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.  In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.  Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.


Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For CPAs, EAs, and financial professionals
Original Recording Date 03/30/2020
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 03/30/2020

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method Group Internet Based
Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 


Course Registration Requirements

Online Registration


Reviews

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Overall:      4.6

Total Reviews: 148

Comments

Daniel E

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Ward H

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Dustin W

"Great job! The summary and side notes were great with light hearted graphics and plan speak."

Randal M

"Great presentation in order of handout. Easy to follow."

Emily M

"Great course, would recommend to co-workers"

Carla U - Houston, Texas

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Robert S

"Great"

Nida G - Hilton Head, South Carolina

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SHEILA S - Bettendorf, Iowa

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Josephine N

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