Instructor for this course
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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: May 13, 2022

32 Reviews (186 ratings)Reviews

1
Member's Profile
The low rating is because there is no date on when this information was prepared; clearly a lot of it is now out of date. It was good information if we were in calendar year 2020. There was also typos which are unacceptable and as other commenters noted, a portion of the program lost sound. It is unacceptable to me that this has not been corrected.
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.
5
Anonymous Author
This is the first course I have taken from this instructor, and I must say how impressed I am with the material, and the way it was effectively presented. Highly recommended.
4
Member's Profile
Instructor spoke in a straightforward manner and was detailed in her explanations. However, the course slides are not well organized and there were some audio issues.
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.
4
Anonymous Author
a bit too much emphasis on filing and extensions but I understand the importance of it. Overall, a bit too much information for a short course period
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
Stale and out of date. Unfortunately the platform doesn't appear to show when the course was released to determine if it is still valid.
5
Member's Profile
I liked the course, and thought the information was useful. I liked all the links and references - that was helpful.
4
Member's Profile
The editing was choppy. Sometimes I did not know if there was a computer problem or the recording had just stopped.
3
Anonymous Author
I probably took this course a little too late. Much of the material has been updated since this was put together.
4
Member's Profile
There was a section when we couldn't hear the speaker but other than that the course was very informative.
4
Member's Profile
This course covered a lot of detail and systematically goes over important tax provisions of the cares act
5
Anonymous Author
Good overall review. I should've taken the course earlier, but still learned a couple of useful things.
5
Anonymous Author
Good Course
5
Member's Profile
This was very informative and I will recommend this to my colleague and friends of similar field.
5
Anonymous Author
Great links to resources and practical suggestions on navigating through the process.
5
Anonymous Author
Good course, obviously applies to a point in time and looking forward to next update
4
Anonymous Author
Test answers do not seem consistent with course material or are misleading.
3
Anonymous Author
Overall good overview of COVID-19 related relief legislation. Thank you.
5
Member's Profile
This was a good refresher to me for what happened in 2020. Thank you!
5
Anonymous Author
Great overview of all relevant changes to our field. Would recommend.
5
Anonymous Author
I felt I got a good rundown of the material passed earlier this year.
5
Anonymous Author
Very nice instructor and took the time to go over everything.
5
Anonymous Author
Thank you for the excellent overview and upbeat presentation!
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
Member's Profile
Very helpful in giving a general overview of the CARES Act!
5
Member's Profile
helpful and informative, nice to learn more about the topic
4
Member's Profile
probably a little dated, good stuff in there though...
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
  1:55:16The 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