Under COVID-19 everything has changed this filing season - filing deadlines, IRS access, and so much more. Then, along comes the Stimulus Act with refunds, rebates, loans and new rules. We give you a summary of the key information your clients are asking about and you need to know.

This course covers the following topics:

  • Important Information Sources for COVID-19 Times.
  • Deadline Updates and Extensions.
  • IRAs, Retirements and HSA Contributions v.
  • Getting Stimulus Checks.
  • Unemployment Benefits.
  • Sec 139 Employer Paid Benefits and Assistance.
  • Distributions from IRAs and Retirement Plans.
  • Charitable Contributions.
  • Aviation and Alcohol Taxes.
  • Tax Credits related to Employees and Self-employed folks.
  • Delayed FICA/Medi and SE Payments.
  • Retroactive Changes.
  • Sec 179, NOL, Excess Losses, minimum tax credit, interest limitation.
  • Paycheck Protection Program (PPP).
  • IRS - People First Initiative.
  • Working with the IRS when no one is in the offices.

 

Learning Objectives

  • Explore the Important Information Sources for COVID19 Times.
  • Recognize IRAs, Retirements and HSA Contributions v.
  • Explore Distributions from IRAs and Retirement Plans.
  • Identify Tax Credits related to Employees and Self-employed folks.
  • Recognize IRS - People First Initiative.
  • Discover Aviation and Alcohol Taxes.
Last updated/reviewed: April 27, 2020

11 Reviews (44 ratings)Reviews

5
Member's Profile
There were a few typos in the Test when compared to the support slides, so a detailed review may be in order. However these did not interfere with the dissemination of information. The course is relevant and well done.
4
Member's Profile
There is a lot of ground to cover in this course and instructor covers it thoroughly. A good course. I'm sure updates are (will be) necessary since things are changing so quickly.
4
Member's Profile
I very much enjoyed the presenter's style and this course was extremely detailed and informative. I removed a star because audio cut out for several minutes.
5
Member's Profile
Covered all of the topics that are relevant to CARES. Instructors teaching style kept attention and moved at great pace to cover a lot of material.
4
Member's Profile
There was a section when we couldn't hear the speaker but other than that the course was very informative.
5
Member's Profile
This was very informative and I will recommend this to my colleague and friends of similar field.
5
Anonymous Author
Good course, obviously applies to a point in time and looking forward to next update
5
Anonymous Author
Great overview of all relevant changes to our field. Would recommend.
3
Member's Profile
The exam had some type errors and some confusing language.
4
Anonymous Author
Good overview of the huge number of COVID tax provisions.
5
Anonymous Author
There are typos in the exam; otherwise it was fine.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:24Introduction to The Stimulus Act and COVID-19 Tax Updates
  17:48The Stimulus Act and COVID-19 Tax Updates Part - 1
  19:52The Stimulus Act and COVID-19 Tax Updates Part - 2
  19:58The Stimulus Act and COVID-19 Tax Updates Part - 3
  11:28The Stimulus Act and COVID-19 Tax Updates Part - 4
  15:57The Stimulus Act and COVID-19 Tax Updates Part - 4 Cont'd
  11:39The Stimulus Act and COVID-19 Tax Updates Part - 5
  15:04The Stimulus Act and COVID-19 Tax Updates Part - 5 Cont'd
  1:05Conclusion
CONTINUOUS PLAY
  1:55:15The Stimulus Act and COVID-19 Tax Updates
SUPPORTING MATERIAL
  PDFSlides: The Stimulus Act and COVID-19 Tax Updates
  PDFThe Stimulus Act and COVID-19 Tax Updates Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM