2020 Tax Laws: CARES, SECURE, PPP Loans & More
Monday, November 23 at 1:00pm Central
3.5 CPE credits for $150
What will be covered in this webinar?
Families First Coronavirus Response Act (FFCRA) — Tax-related provisions include payroll credit for required paid sick and family leave; and credit for sick and family leave for self-employed individuals
Coronavirus Aid, Relief, and Economic Security (CARES) Act — Tax-related provisions include recovery rebates, special rules for use of retirement funds, changes to charitable contributions, and much more.
Paycheck Protection Program (PPP) — This ever-changing program for small businesses is covered in detail, including loan forgiveness parameters.
Further Consolidated Appropriations Act (FCAA) — Tax-related provisions include the repeal of certain Affordable Care Act taxes, disaster tax relief, and extensions of certain tax provisions.
Setting Every Community Up for Retirement Enhancement (SECURE) Act — Included in the FCAA, this Act makes numerous changes to retirement plans and a host of credits. For example, the SECURE Act modifies RMD rules, IRA contribution age limits, retirement plan enrollment/contribution rules, and distribution rules for qualified plans.
Taxpayer First Act — Items under this Act include actions the IRS is required to take over the coming years to become more customer focused. These include the taxpayer advocate report, Identity Theft Central, changes to improve the taxpayer experience, and steps the IRS is taking to modernize. There are rules impacting taxpayers and practitioners as well, such as late filing penalties and electronic filing requirements.
