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Live Webcast Replay

Spring Tax and COVID-19 Update with Steve Dilley


Total Credits: 8 including 2 Accounting - Technical, 6 Taxes - Technical

Average Rating:
   180
Categories:
Partner Produced |  Tax |  IRS Approved
Faculty:
Steven C. Dilley, CPA, JD, PhD
Course Levels:
Update
Duration:
8 Hours
License:

Dates



Description

To say that we are living in unprecedented times of uncertainty is a serious understatement - and nobody realizes this more than the CPA.  What should have been the start of a new post-tax season year is now a time of client panic and adjustments to a new business environment and the need for information on how to help “flatten” the economic tailspin curve for your clients.  This program will address the latest pandemic-related tax developments impacting both your individual and business clientele, as well as cover other “hot” tax topics, including new partnership capital account rules, new entertainment regulations, and qualified improvement property.  This course includes latest forms and regulations through mid-June.

 

**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
  • Understand and apply the most recent COVID-19 tax related developments.
  • Get up-to-date on other new 2020 tax legislation, cases and rulings.
  • Provide planning tips for your clients.
  • Take away real life examples and questions submitted by practitioners and answered during the presentation!!!

Major Subjects
  • LATEST FORMS AND REGULATIONS THROUGH MID-JUNE
  • Payroll credits and deferrals reviewed
  • Revised Form 941 explained with a comprehensive case problem filled in on the form
  • Financial accounting issues related to the payroll credits and deferrals
  • Government loan program review with emphasis on the PPP
  • PPP loan forgiveness requirements and calculations
  • Comprehensive illustrative case problem integrated with the discussion
  • Financial accounting issues related to loan forgiveness
  • Pandemic financial accounting issues (going concern, lease agreements, asset impairments, and many more)
  • Update on recent non-pandemic tax developments, including: Qualified improvement property and the NOL carryback, rebates and entertainment regulations.
  • Tax basis capital accounts vs. financial accounting capital accounts in partnerships

Course Materials

Faculty

Steven C. Dilley, CPA, JD, PhD Related Seminars and Products


Steve is President of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a retired Professor of Accounting at Michigan State University, where he taught tax accounting and has recently received numerous teaching awards. He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For CPAs in public practice and members in industry seeking the latest tax developments impacting their clients and their business

 


Original Recording Date 05/28/2020
Yellow Book No
Course Developer Steven C. Dilley, Federal Tax Workshops

 


Date Added to Catalog 02/26/2020

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


Course Registration Requirements

Online Registration


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.


Reviews

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Overall:      4.6

Total Reviews: 180

Comments

Dale L

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Lisa H - GRAND RAPIDS, Michigan

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James M

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Jenny K

"I learned a lot. It covered very timely subject matters. I'm glad I attended!"

Jenny K

"I learned a lot. It covered very timely subject matters. I'm glad I attended!"

Enoch J - Hudsonville, Michigan

"Pertinent and timely topics"

Pamela F

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Joyce J

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Tom R - RIDGEFIELD, Connecticut

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Rita L

"Instructor was successful at relaying a lot of complex information in a professional and efficient manor."