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CSTC Academy - COVID 19 Tax Relief - Two-Part Session
Tuesday, June 09, 2020, 8:30 AM - 12:00 PM PDT
Category: CSTC Academy

Tuesday, June 9, 2020
8:30 AM to 12:00 PM

Topic: COVID 19 Tax Relief - Two-Part Session
Speaker: Claudia Stanley, CPA, EA
4 Federal Update Hours
IRS: 18QC1-U-01340-20-O
CTEC: 1000-CE-4732

Course Description: COVID-19 Tax Relief Part 1
What is due when?  The course will cover the changes in filing and payment dates – what has and has NOT been extended for IRS and state conformity. The course will also cover a portion of the CARES Act, including  Economic Impact Payments, the current status of disbursements, what to do about erroneous amounts, and how to account for all of this on the 2020 tax return.  Lastly, the course will discuss the miscellaneous CARES Act provisions. These include changes to charitable contributions, retroactive changes to business interest deductions and excess business losses, and technical corrections to the TCJA.
 
Course Description: COVID-19 Tax Releif Part 2
The CARES Act authorized two Small Business Administration Loans, the Economic Injury Disaster Loan/(EIDL) Grants, and Paycheck Protection Program (PPP) loans.  The course will review each of the loan requirements, how they interact with each other, and how they interact with other employer credits.  The discussion will cover what is necessary to have the loans forgiven and the critical timeline involved.  We will also cover the tax impact of these loans and the expenditures paid with their funds.


Claudia Stanley, CPA, EA

Claudia Stanley is a practicing CPA & EA in the Fresno area, as partner in C. Stanley, CPA & Associates. She is a graduate of California State University, Fresno, and serves on the boards of the Central California Chapter of Enrolled Agents and Fresno chapter of American Business Women’s Association. Claudia is a long time member of the Central Valley Chapter of California Society of Tax Consultants and was named their 2016 member of the year. She was also named one of 2001 Top Ten Women of the Year in the nation by American Business Women’s Association. She frequently speaks on various tax topics. 

 

 

 


Contact: [email protected] or 949-715-4192