OOPS! Correcting Tax Reporting for COVID-19 Benefits and Loans
Inland Empire Chapter Virtual Meeting

Date/Time:

Wednesday, July 21, 2021
6:00 - 8:00 PM PST

Location:

Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. 

Topic: 

With constant changes & updates from the IRS, SBA, & Congress, we have uncovered some tax returns which may have been prepared incorrectly. We'll review best practices for evaluating which returns should be amended & communicating this advice to the client. Topics will include the best timing for reporting changes, the tax preparer's exposure - not only for possible incorrect tax reporting but also for preparing the amended returns, & whether there are any alternatives to amending.

• Review the tax attributes of all federal & some state & local COVID-19 benefits.
• Understand what records to request from the client to evaluate the accuracy of the COVID-19 benefits reported on previously filed returns.
• Analyze & determine any missed COVID-19 opportunities.
• Recognize tax issues related to over or under reporting COVID-19 benefits on previously filed returns.
• Develop strategies for presenting COVID-19 tax issues to clients & plan to mitigate tax preparer exposure for these issues.

Presenter:

Jane Ryder, EA, CPA

Jane Ryder, EA, CPA has been providing tax preparation, accounting services, and tax collection resolution services since 1980. She runs her San Diego CPA firm and writes and speaks on many income tax, business compliance and accounting topics. Jane has a business centric practice, preparing and consulting on tax, accounting, and compliance matters for Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit representation, audit appeals, offers in compromise, and other compliance related issues. She earned a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and admitted to practice before the the Internal Revenue Service as an Enrolled Agent.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)
IRS: 18QC1-T-01525-21-O
CTEC: 1000-CE-4925

Knowledge Level: Basic (No prior knowledge expected)

Cost:

Member: $20
Non-Member: $50

Registration:

Please register below:

Questions? Please contact Hilde Morrow at [email protected] or 951.836.3006.

Cancellation and Refund Policy for Meeting Purchase:
Written webinar cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.