New
20WS-1602: Surgent's Year-End Tax Update and Planning: Looking Back at 2020, Getting Ready for 2021 (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Tuesday, December 8, 2020
12:30pm - 4:00pm Central Time
4 CPE (4 technical) | 4 IRS CE
2020 has been a year full of surprises. As legislation came through to mitigate the pandemic's damage to the economy, you had to face a host of tax changes impacting both individuals and businesses. Now you're dealing with Paycheck Protection Program (PPP) loan forgiveness, five-year net operating loss (NOL) carrybacks and more. Many of these programs will not go away with the turn of the calendar but may be extended in an attempt to revive the economy. In addition, many of the Tax Cuts and Jobs Act changes are now scheduled to start up next year, and President-elect Biden will assume office with his own tax agenda. Attend this four-hour webinar, designed for year-end planning, for guidance on major 2020 tax changes affecting individuals and businesses, as well as the impacts of possible 2021 changes.
Major subjects
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President-elect Biden’s individual and business tax proposals
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Review of employer sick leave, family leave and employee retention credits
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Special rules in 2020 for IRA and qualified plan distributions and loans
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Temporary halt in residential evictions
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Waiver of required minimum distributions for 2020
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Deducting COVID-19–related losses
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Issues with distressed employers not paying for employee health insurance or responding to requests for pension plan distributions
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Alternative health insurance coverage options
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Status of PPP loan forgiveness, including the newest PPP loan forgiveness form -- Form 3508S
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Definition of “compensation” for PPP loan purposes
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Payroll tax deferrals by employees and employers
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Changes to NOLs and Section 461(l) for 2020
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Taking advantage of changes related to property eligible for bonus depreciation
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Partnership capital reporting requirements
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Important 2020 cases, rulings and regulations
Learning objective(s)
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Advise individual and business clients on year-end 2020 tax planning
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Understand the impacts of potential 2021 tax changes
Who should take this program?
Tax practitioners who advise clients on individual and business tax planning strategies
Fees
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you are a
nonmember.
If you register, you will be charged
$169.00
(Standard Nonmember Fee).
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|
Standard Member Fee |
$169.00
|
 Standard Nonmember Fee |
$169.00
|
