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Monday, September 21, 2020 Webcast

Current Federal Tax Developments: September 2020 Update with Ed Zollars (E2009252)

1:00 PM - 5:00 PM EDT

Registration: 12:30 PM EDT

webcast

Webcast

4.0 CPE Credits in TX

OVERVIEW

The session will look at developments that have taken place over the past month in taxes and related areas. We will look at the hundreds of pages of final and proposed regulations related to the §163(j) business interest deduction to see what has changed from the 2018 proposed regulations we have been working with. As well, we'll discuss the status of new legislation Congress has been considering to provide additional COVID-19 relief, including possible expansion of the employee retention credit and a second PPP loan program. We'll also look at other IRS rulings, FAQs and court cases that impact federal taxes occurring up to the day of the session.

 

HIGHLIGHTS

  • Details of Congressional action (or lack of action) on a new COVID-19 relief bill
  • Final regulations released under IRC §163(j) interest rules added by the Tax Cuts and Jobs Act as well as additional proposed regulations--what has changed?
  • Notice 2020-59 - the §163(j) safe harbor for taxpayers engaged in a trade or business that manages or operates qualified residential living facilities to treat such a business as a real property trade or business for §163(j)
  • IRS's proposed addition of 20 page Schedule K-2 (an addition to Form 1065 Schedule K) and 22 page Schedule K-3 (to go with each partner's K-1) to 2020 partnership filings for partnerships that have foreign information, including the foreign tax credit

COURSE LEVEL

Update

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Edward K. Zollars, CPA, is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona. He specializes in tax issues for closely held businesses and individuals. He has served on committees with the AICPA Tax Section and currently serves on the Arizona Society of CPAs legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 14 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.

PRICING

$99.00 - Member

$149.00 - Non Member

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