TITLE: TaxMama® Tax Update in the COVID19 World
Subtitle: Summarizing the many Tax Acts passed in 2020 –
including 2020 and 2021 data for tax preparation and planning
Speaker: Eva Rosenberg, EA, CTC, CTRS
Date and Time: December 14, 2020, 1:05 – 4:05 pm Pacific
Cost: Free event
No CPE is included in the free program.
An upgrade will be available.
Intro paragraph: This has been a crazy tax year, with
IRS shut-downs, COVID19 business closures and job
losses, and a new tax laws being passed every time
you blink – several, over-riding previous laws passed
during the year. This course is designed to help
you make some sense of the laws that affect 2020 –
and to help you do planning with your clients for 2021.
- All tax professionals
- Do it yourself taxpayers.
- All business owners trying to understand their tax breaks under COVID19
Learning objectives: To help taxpayers, tax professionals and businesses understand:
- Review a summary of 2020 legislation
- The 2020 deductions, credits and limits – for preparation of the 2020 tax returns
- The available 2021 deductions, credits and limits – for 2021 tax planning
- The difference between the SBA loans and forgiveness provisions.
- IRS curtailed operations during this pandemic
Topics covered:
- Major Tax Legislation
- Filing Deadlines
- Routine Changes and Updates
- Form 1040 Update
- Stimulus Payments and other COVID19 income
- CARES Act Issues
- Schedule C and Expenses
- Nexus and Gig Income
- Vehicle Updates
- Depreciation
- Sec 199A
- Charitable Contributions
- Required Minimum Distributions
- Gifts, Estates and Trust
- Kiddie Tax
- SBA Loans – EIDL & PPP
- Foreign Tax Issues
- Taxpayer Relief Initiative
Level: Basic
NASBA Field of Study: Tax
IRS Field of Study: Federal Tax Updates
Prerequisites: None
Advance Preparation: None
IRS Education codes:
– Live Online – HCGAM-U-00081-20-O
(Self-study – to come – HCGAM-U-00081-20-S )
NASBA – Sponsor Identification #112311
Refund Policy:
Webinars: Attendees may cancel their reservation for
a given date seven (5) days in advance and apply their
entire credit towards future webinars.
Refunds will be charged a $25 cancellation fee if a reservation is canceled fewer
than seven (7) days before the webinar.
Self-Study Courses: Self-study Courses must be completed within one year of purchase.
If you are not completely satisfied with our products we will refund 100% of the purchase price.