ONLINE ONLY-SPECIAL VALUE TO NCSA MEMBERS
Business Tax Update-Corporations & Partnerships (2020)
(8) HRS CPE-FEDERAL TAX UPDATE
IRS Program Number: A8FPT-U-00069-20-O
Speaker-Ron Roberson, TaxSpeaker.com (Jennings Seminars)
MEMBERS: $199 Registration by 10/15, NON-MEMBERS/LATE $229 (NO REGISTRATIONS AFTER 10/21!)
2020 has seen the year-end 2019 Secure Act, the March 2020 FFCRV Act, the March 2020 CARES Act, the June 2020 PPPFA and numerous rulings and court cases. Don't worry, we've got you covered!
• We will start the day with an in-depth discussion, explanation and example forms for the PPP loan forgiveness rules, including tax reporting and Forms 3508 and 3508 EZ, expense adjustments and all of the latest SBA and IRS guidance including major changes up to the day before your class! • We then move to the payroll-related changes and again discuss, in depth with examples: o The Paid Sick Leave Program and credit o The new FMLA rules and credit o The new Employee Retention Credit o Disaster Relief Payments o New Form 1099-NEC replacing the 1099-MISC o Court cases on employee v. Independent Contractor • Next are the general business changes o Excess business loss changes o New business interest rules with examples o New court cases on business and hobby losses o New Regulations (again!) on meals and entertainment deductions o Quick review of other changes in credits, fringe benefits, health care and pensions • Partnerships once again have seen lots of changes and we provide the latest guidance on: o Tax basis capital reporting o New and revised 1065 schedules and forms o Late filing penalty relief o CPAR interpretations • Accounting methods-In Depth o New rules on inventory o Completed Forms 3115 for 4 different situational accounting method changes • The QBI deduction's latest guidance • Corporations: o C Corporate changes from the CARES Act o Potential 2021 changes after the election o S Terminations and new K-1's o Net operating losses under CARES • Depreciation-the new QIP rules and fixes • Tax exempt reporting clarification, and more!
About the Speaker: Ron Roberson, CPA
Ron Roberson is a well-known tax lecturer who has more than 20 years of experience teaching throughout the United States. Ron annually speaks to thousands of tax professionals about the latest business and personal tax law developments, using his sense of humor and friendly speaking style to keep people coming back year after year. In addition to authoring multiple tax articles and manuals, Ron also continues to work with his partner in a tax and accounting practice in Sonora, California. Ron includes real life examples from his practice to make tax issues come alive and help complicated subject matter make more sense.
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