CFO Series: COVID-19 Losses - Going Backwards and Forwards

Course Details

Date

Friday, May 14, 2021

9:00am – 11:00am (Registration: 4:01pm)

Location

Online

Field of Study

Taxation

CPE Credit

2 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CPA Crossings

Prerequisites

Basic working knowledge of business taxation

Description

The Tax Cuts and Jobs Act (TCJA) made turning business losses into tax refunds more difficult. The CARES Act suspended and modified many of those changes. This session will dig into the new rules for deducting business losses, address the new 5-year carryback, and discuss amended return and "quickie refunds."

Highlights

The major topics that will be covered in this class include:

  • Review recent legislation, including the Tax Cuts and Jobs Act and CARES Act
  • Deduction business losses
  • New rules for carrybacks and carryforwards
  • Form 1139 and Form 1045 for carryback reporting
  • Amended returns


Objectives

After attending this presentation you will be able to...

  • Apply new rules and regulations of the CARES Act
  • Apply the business loss deduction rules and reporting on Form 1139 and 1045
  • Discuss planning and potential pitfalls

Designed For

CFOs and members in industry

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$79.00

Non-Member Fee
$103.00

Your Price
$103.00

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