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21WX-0281: CFO Series: COVID-19 Losses - Going Backwards and Forwards (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Friday, May 14, 2021
Time 10:00am - 12:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Instructor Douglas Van Der Aa, CPA, JD
Van Der Aa Tax Ed, LLC
Fees
Standard Member Fee $79.00
Standard Nonmember Fee $79.00

Description

The Tax Cuts and Jobs Act (TCJA) made turning business losses into tax refunds more difficult. The CARES Act suspended and modified many of those changes. This session will dig into the new rules for deducting business losses, address the new 5-year carryback, and discuss amended return and "quickie refunds."

Who should take this program?

CFOs and members in industry

Major subjects

  • Review recent legislation, including the Tax Cuts and Jobs Act and CARES Act
  • Deduction business losses
  • New rules for carrybacks and carryforwards
  • Form 1139 and Form 1045 for carryback reporting
  • Amended returns

Learning objective(s)

  • Apply new rules and regulations of the CARES Act
  • Apply the business loss deduction rules and reporting on Form 1139 and 1045
  • Discuss planning and potential pitfalls

Notes:

Course code Code 21WX-0281
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Basic working knowledge of business taxation
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.