EVENT DESCRIPTION
This comprehensive course covers key tax issues for completing complicated individual returns including family return issues, taxpayers with investments, retirement income, the sole proprietor, and business and rental activity owners. Stay current with in-depth coverage of recent legislation, case law developments, and relevant notices, announcements, revenue rulings and procedures. Speakers are all practicing preparers who share practical tips to help you get ready for this tax season. PLEASE NOTE: Physical manuals are ONLY available to attendees of LIVE SEMINARS; webinar attendees will receive an electronic manual, no exceptions. Please note that for this event, we will be offering boxed lunches. This change not only allows us to provide a variety of dietary options suited to our diverse community but also enables us to hold our seminars in the preferred Frederick location.
EVENT OBJECTIVE
By the end of this seminar, you will be able to: Apply the rules for penalty assessment and abatement. Identify the required reporting to reconcile Economic Impact Payments (EIPs). Recognize changes to education credits and deductions, and evaluate the rules related to debt discharge. Analyze which tax years are now subject to the IRC Sec. 461(l) loss limitation rules for noncorporate taxpayers. Identify the CARES Act's impact on individual taxpayers' net operating losses (NOLs), analyze the SBA’s PPP loan forgiveness criteria, and evaluate the CARES Act changes to qualified improvement property (QIP). Calculate the qualified business income deduction (QBID) under IRC Sec. 199A.
