The Stimulus Act and COVID-19 Tax Updates

Course Access: Lifetime
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Course Overview

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.

 

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