COVID-19 Relief Package – Key Measures & Insights

Start Date:1/15/2021

Start Time:11:00 AM CST

Duration:60 minutes

Abstract:

Mike D’Avolio, CPA, and Robin Gervais, EA, provide a review and give insights around key aspects of the recently passed COVID-19 Relief Package. The new legislation delivers a second round of economic stimulus for individuals, families, and businesses. The new law gives relief through multiple measures and expands many of the provisions already put into place under the CARES Act.

After attending the session, tax professionals will be able to confidently communicate the changes to their clients to take advantage of the new law.

Learning objectives:

By completing this course, you will learn about the following aspects of the new legislation and how to advise your clients accordingly:

· Additional round of Economic Impact Payments (EIP) and how the payments are reconciled on the tax year 2020 tax return

· Additional federal unemployment insurance measures

· Adjustments to the Paycheck Protection Programs

· Economic Injury Disaster Loan (EIDL) Advance Program

· Extension of the Employee Retention Credit

· Special lookback for the Earned Income Credit and Child Tax Credit

· Eviction moratorium and rental assistance

· Miscellaneous provisions, such as increasing the deduction for business meal and beverage expenses from 50% to 100%

· Extender provisions, such as making the 7.5% adjusted gross income threshold for medical expenses permanent.

Who should attend?

Anyone who prepares tax returns and advises clients

Course Level: Basic

Course Length: 60 Minutes

Prerequisites: NONE

Delivery Method: Group-Live Internet

Field of Study: Taxes - Technical

Recommended CPE: 1

Recommended CE: 1

IRS Category: Federal Tax Law Update

Online: NESGF-U-00134-20-O

In Person: NESGF-U-00134-20-I

If you're already registered for the COVID-19 Relief Package – Key Measures & Insights - January 15, 2021 webcast, click below:

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Speakers

Mike D'Avolio

Staff Program Manager, Tax Law Specialist

Intuit

CPA & JD; Author tax articles for Tax Pro Center & media; and Customer & employee training

Robin Gervais

Enrolled Agent

Intuit

Tax Content Analyst at Intuit Enrolled Agent since 2010 Solo Tax Practice owner since 2014 Small business owner since 1997 Memberships: • NAEA Tax Instructor: • Idaho Association of Tax Professionals

Stephanie Sanchez

Tax Analyst Programmer II

Intuit

Stephanie Sanchez is a Tax Analyst Programmer 2 at Intuit, where she recently celebrated her second anniversary after working in Public Accounting performing multiple functions, including bookkeeping, tax preparation, oil & gas valuations, and forensic/litigation/valuation services. She graduated from the University of North Texas with a Bachelor & Master of Science in Accounting, specializing in Tax, and is currently pursuing her CPA certification. She is actively involved in various networks, like the Intuit Women’s Network, Intuit Latinos Network, and Tax Expert Community, while also continuously giving back to her community as a volunteer.

Nadia Rodriguez

Tax Analyst

Intuit

Nadia Rodriguez is a Tax Analyst Programmer II at Intuit where she is part of the team that builds Lacerte and Intuit Tax Online content for individual and business tax professionals. Nadia earned her CPA license in 2009 and Masters in Taxation in 2007. Nadia has experience in Public Accounting where she performed tax planning projections and prepared tax returns for high net worth individuals and different types of businesses.

Sarah Molouki

Tax Analyst and Programmer, focusing on the taxation of business entities and trusts

Intuit

CPA & MTx. Prior to coming to Intuit, Sarah has held positions in public accounting, government, and academia. When not contemplating the implications of new tax laws, she often spends her remaining free time learning to play new songs on the mandolin.

COVID-19 Relief Package – Key Measures & Insights - January 15, 2021

Abstract:

Speakers

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