Friday, November 13, 2020 Mid Atlantic Council

Professional Development Tax Update 2020 Webinar

Topic	Speaker	Estimated Times				CPE	CPE Category
IRS Business Tax Updates	Richard Furlong	1:00 PM		2:15 PM		1.5	Tax
Individual Tax Update	Tony Curatola	2:20 PM		3:45 PM		1.5	Tax

Register Now! 

Second Step Requires the WebEx Registration.  Please copy the link below into your browser to complete your registration.

https://imanet.webex.com/imanet/onstage/g.php?MTID=e266418ae9f8231a6fcb42cd9cdc77721

IMA Mid-Atlantic Council is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the  National Registry of CPE Sponsors through its website:  https://www.nasbaregistry.org/

No Prerequisites are required.

Learning Objectives:

IRS Business Tax Updates:

During this 75 Minute CPE session, IRS Senior Stakeholder Liaison Richard Furlong will discuss:

• IRS Administration of selected tax provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
  
  • Economic Impact Payments
  • Recovery Rebate Credit on 2020 Tax Return (and reconciliation of EIP received in 2020)
  • Employer Tax Credits
  • IRS Administrative Relief

Qualified Business Income Deduction (IRC 199A)

Overview of the QBID deduction of up to 20% of qualified businesses net income and reporting on 2020 tax returns

   Individual Tax Updates:

During this 75 Minute CPE session, Tony Curatola (Joseph F. Ford Professor of Acct’g & Tax at Drexel University) will discuss the following issues associated with the 2020 and 2021 tax filing seasons: 

Individual tax issues because of SECURE and CARES Acts,

> Annual inflation adjustments,

> Status of extender provisions,

> Penalty elimination for qualified plans and IRA distributions,

> Expansion of participation requirements for 401(k) plans,

> Small employer pension plan start-up costs

> RMDs, and

> Inherited IRAs (pre 2020 and post 2019)

When

Friday, November 13, 2020 at 1:00 PM 
to
Friday, November 13, 2020 at 3:45 PM 

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