CARES Act: Accountants Called to Covid-19 Front Lines

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ACCARES5  |  Webcasts & Webinars  |  Update  |  Scheduled

Special Notes

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).

Description

The rapid-fire explosion of new tax incentives, loan incentives and other cash cow infusions into America’s COVID-19 infested economy are hitting like a Texas tornado.

Immediate choices on the table have incredibly hard-hitting long (and short) term consequences. Many of these immediate choices are mutually exclusive. A poorly made decision could tank the company. With no time to burn, accountants have been drug smack into the middle of it. Which way to turn?

This all new, screaming hot course dives deeply into the middle of it all. We’ll roll up our sleeves and charge into the fray. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Curriculum

  • Taxation

Prerequisites

None

Designed For

CPAs, EAs, and financial professionals

Objectives

  • To gain an immediate sense of cash flow survival and related tax consequences cut loose by the all-new CARES Act

Highlights

  • Payroll protection loans vs. employee retention credit vs. payroll tax deferral – Pick one and roll the dice
  • Which loan(s) to choose? Payroll Protection vs. EIDL vs. Other
  • What protocols must be followed to punch through the survival maze?
  • Amended returns for immediate cash: NOL carrybacks, §163(j) tweaks, etc.
  • Playing an extremely smart loss limitation (NOL, basis, at-risk, passive, §461(l) excess business loss and §163(j) business interest expense) game
  • Qualified Improvement Property (QIP) storms the field retroactively
  • Finely crafted gifting and charitable contribution strategies
  • Quick access to qualified plan funds
  • Rollback of required minimum distributions
  • Rebate check strategies (or not) 

Preparation

None

Registration for this event has closed. If you have any question or concerns please give us a call at 515-223-8161 or send us an e-mail at iacpa@iacpa.org

Instructors

Bradley P. Burnett

Show Bio

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns. Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as a trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program. Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S.states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses. Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an employment tax course and occasionally taught IRS practice and procedure. He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9. Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences. Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.

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