October 30, 2020 8:00am – 4:00pm Map & Directions 602-252-4144

Webcast: Don Farmer's Tax Update

Description

Tax-industry giant Don Farmer will review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. Join Farmer and your peers and review major developments in federal income taxation for individuals, corporations and other businesses having the greatest impact on participants, clients and companies. 

The course will emphasize 2020 developments including recent developments and planning ideas regarding the Secure Act, the Taxpayer First Act, the Tax Cuts and Jobs Act (TCJA) and any 2020 legislation. Take home a 200+ page reference manual to use throughout the tax planning season. Get updated on 2020 tax developments with practical solutions to problems and tax planning opportunities.


The course format is designed to update CPAs with various levels of experience.


Register on-line or by phone at 602-252-4144.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Webcast
Taxation
8

Objectives

Don Farmer's 2020 Tax Update will get you up to speed on the avalanche of tax changes first effective in 2020!  

2020 has been a most unusual year! Not only because of COVID-19, but also for the volume of tax changes first effective for 2020.

The Consolidated Appropriations Act was signed on December 20, 2019 and contains more than 25 retirement plan changes. Then came the Families First Coronavirus Response Act on March 18, 2020 providing employers credits for payments of Sick Leave or Family Leave. Then the CARES Act signed on March 27, 2020 providing Economic Impact Payments to individuals and relief to businesses.

Almost all these new law provisions are first effective for 2020. In addition, the IRS has issued important regulations and other guidance during 2020.

The following are just some of the topics Don will review in his upcoming Tax Update:
 
•    PPP Loan Forgiveness Including IFRs & FAQs
•    Contributing to IRAs After 70 ½
•    Changes to Rules For QCDs From IRAs
•    Waiver of 2020 RMDs
•    10-Year Payout Requirements for IRAs and Qualified Plans at Death 
•    Penalty-Free Withdraws From IRA or Other Retirement Plan for Birth or Adoption of a Child
•    Coronavirus-Related Distributions From IRAs and Qualified Retirement Plans
•    100% of AGI Limit for Charitable Contributions
•    50% Employee Retention Credit
•    Deferral of Employer Payroll Tax Deposits
•    Sick Leave and Family Leave Credits
•    5-Year NOL Carrybacks
•    Proposed Regs on Using Cash Method, etc., if Gross Receipts $25/$26 Million or Less Including Definition of “Tax Shelter”
•    §168(k) Deduction for QIP & Final 168(k) Regs
•    Increased Business Interest Expense Deduction Limit and Final §163(j) Regs
•    Deductions on Termination of Estate or Trust
•    Final Qualified Opportunity Fund Regs 
•    Final Meal and Entertainment Deduction Regs

 

Thank you to our sponsors:

Paychex

Jewish Tuition Organization

CPA Charge

Arizona Community Foundation

Catholic Education Arizona

Sponsorship opportunities are available. For details, contact Heidi Frei, MBA, ABC, Director of Marketing at (602) 324-4743 or at hfrei@ascpa.com


Course Level

Update

Vendor

Don Farmer CPA PA More With This Vendor

Designed For

Individuals having one or more Tax Seasons and a general understanding of individual, corporate and business income taxation who are involved in the preparation and/or review of individual, corporate and business income tax returns or who provide tax planning advice to individuals and businesses.

Prerequisites

None

Event Leaders

Farmer, Don

Rating: 4.88


Don Farmer is the President of Don Farmer, CPA, PA.

Don was formerly a Tax Partner with Deloitte & Touche in charge of the tax practice for their five Western North Carolina offices.

In 1984, he resigned his position as Partner and created Don Farmer, CPA, PA in order to devote most of his time to writing and lecturing. He also consults with other CPAs across the country concerning tax matters.

Each year, Don authors and presents CPE programs across the United States. He has made presentations in over forty states and has received discussion leader awards from various states and from the AICPA. He also authors a tax newsletter “Don Farmer’s Federal Tax Newsletter”.


More With Farmer, Don

Highlights

 

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