Video Replay: The CARES Act and Other Coronavirus Relief Acts - University of Illinois Tax School
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Video Replay: The CARES Act and Other Coronavirus Relief Acts

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Price: $75.00

This is a replayable video of a live webinar held in April 2020. No CPE is offered for this purchase. It is strictly an on-demand informational resource. Upon purchase, the materials and video will be made available in your Tax School account and will remain available for you through December 31, 2020.

On Friday, March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic $2 trillion coronavirus economic stimulus bill. Two other relief bills, the Families First Coronavirus Response Act and the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020, were enacted shortly before the CARES Act. All of these Acts may impact your clients. In addition, the IRS clarified changes to the 2020 filing deadline in various notices. We've created this 2-CPE webinar to help you understand the implications of these new provisions.

The webinar will cover important topics including direct payments, expanded unemployment benefits, SBA disaster loans, emergency family and medical leave, refundable payroll tax credit, individual advanced tax credits, tax excluded education payments, student loan payments, NOL changes, retirement distribution changes, and much more.

Video Replay Details

This webinar video replay features instructional audio with accompanying PowerPoint presentation. Topic-specific downloadable PDF materials are also included with registration. The video running time is approximately 116 minutes.

This is a replayable video of a live webinar held in April 2020. All information covered is current as of that date.

Purchase Price: $75.00

CPE Credits: 0. This is strictly an on-demand informational resource video.

About Our Speaker

Tom O'Saben Tom O'Saben has been an instructor for the Tax School since 2009 and joined the Tax School team full-time as Assistant Director, Professional Education and Outreach in 2019. He has also been a presenter with the National Association of Tax Professionals, where he served as a Training Specialist developing curriculum, writing textbooks, and instructing at educational seminars. Tom's practice, established in 1991, provides tax services for approximately 1,000 clients. Tom earned his bachelor's degree from Southern Illinois University Edwardsville. He is an enrolled agent (EA).

Agenda

  1. Families First Coronavirus Response Act (FFCRA)(PL 116-127; 3-18-20)
    1. Paid Leave for Workers
  2. Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (PL 116-123; 3-6-20)
    1. Expanded SBA Funding
  3. IRS Notices
    1. 2020-17
    2. 2020-18
    3. 2020-20
    4. FATCA Filing Extension
  4. Coronavirus Aid, Relief and Economic Security Act (CARES) (PL 116-136; 3-27-20)
    1. Payroll Protection Loan Program (PPL)
    2. Emergency Economic Injury Disaster Loans (EIDL)
    3. Unemployment Insurance Provisions
    4. Recovery Rebates for Individuals (stimulus payments)
    5. Special Rules for Use of Retirement Funds
    6. RMD requirement waived for 2020
    7. $300 above-the-line charitable adjustment to income
    8. Revised limitation to AGI percentage limit on charitable deductions
    9. Exclusion of employer payments of employee student loans
    10. Employee Retention Credit
    11. Delayed payment of employer payroll taxes and S/E tax
    12. Changes to Net Operating Losses
    13. Temporary removal of Excess Business Losses (EBL)
    14. Changes to Interest Limitation Rules
    15. Qualified Improvement Property Fix
    16. Time Extension to Fund Pension Plans
    17. Student Loan Payments Suspended through 9/30/20

Learning Objectives

Learning Objectives: By viewing this video, you will be able to:

  • Identify significant provisions included in the three relief bills recently passed by Congress and signed by President Trump.
  • Advise clients regarding planning opportunities available in the new tax laws.
  • Answer clients questions about the new tax laws' impact on their specific situations.

Last updated 4/14/2020 1:29:07 PM

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