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Surgent's COVID-19 IRA and Plan Provision Contributions, Distributions, and Loans (ACV9)

 Tue, 05/12/2020 from 10:00 am to 12:00 pm
 Online
 
2.0
21 / 2-61797
Registration Status: CLOSED -- Please contact the VSCPA at [email protected] or (800) 733-8272 for availability.
Member Price
$109.00 Regular Registration
Your Price
$114.45 Regular Registration
Designed For:

Any tax professional advising clients regarding IRAs or qualified plans

Prerequisite:

Knowledge of basic individual income taxation

This presentation explains some of the retirement account-related provisions that have been made for individuals adversely affected by COVID-19. This includes the technical, compliance, and operational requirements that apply.

The IRS recently issued Notice 2020-18: Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic. This Notice provides relief from tax deadlines to affected taxpayers who have been adversely affected by the COVID-19 emergency. The IRS defines affected taxpayers, for the purpose of this relief, as any person with a federal income tax payment or a federal income tax return due April 15, 2020.

Under this relief, the due date for filing federal income tax returns and making federal income tax payments, which was previously April 15, 2020, is automatically postponed to July 15, 2020. Affected taxpayers do not have to file Forms 4868 or 7004 (both applications for extensions to file applicable returns), as this is a postponement and not an extension.

In addition, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020 and includes provisions that are intended to provide relief for the economic downturn caused by the coronavirus disease 2019 (COVID-19).


Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Related Events

The Virginia Society of CPAs (VSCPA) 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 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.