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Federal Response to the Coronavirus PandemicCode: 24-FEDRESP
Price: $19.00
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Course Details
Pages: 60
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), legislation designed to provide economic relief for those impacted by COVID19, became law. This course provides a general review of the principal provisions of the CARES Act and of other federal tax-related stimulus legislation passed during 2020, including the Tax Relief Act of 2020 signed into law on December 27, 2020.
After completing this course,
students should be able to:
- Apply the recovery rebate
rules;
- Describe the provisions of the
Paycheck Protection Program;
- Recognize the rules related to
unemployment benefits under the Pandemic Unemployment Assistance program;
- Apply the provisions regarding
expanded tax-favored use of retirement funds;
- Identify the changes to net
operating loss (NOL) carryback rules;
- Apply the changes in
charitable contribution rules;
- Describe the changes in health
savings account (HSA) rules related to first-dollar payment for telehealth
and COVID-19 testing and treatment;
- Apply the rule changes to
qualified improvement property depreciation; and
- Recognize the rules related to
miscellaneous provisions, including:
- Changes to the foreign
income exclusion,
- Section 1031 exchange
timing,
- Correction of the
deductible period applicable to qualified improvement property,
- Modification of
limitation on losses for non-corporate taxpayers,
- Changes to the
limitation on business interest expense deductions,
- Exclusion of certain
employer payments of student loans, and
- Expansion of economic
injury disaster loans (EIDLs).
Presentation Method: QAS Self-Study
Category: Taxes
CPE credit: 2 Hours
Program Level: Update
Prerequisites: None
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase

$19.00
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