Edward Zollars, CPA and instructor at Kaplan Financial Education, will lead a free webcast on the CARES Act - COVID-19 Tax Provisions on April 3, 2020 from 12-1pm CDT.
The webcast, which will deliver 1.0 CPE, will cover the third coronavirus bill passed by Congress containing numerous provisions related to COVID-19 relief, including a number of tax provisions. This session will look at tax-related provisions in the provision, including:
- Payments to individual taxpayers, with phase-out for higher income taxpayers;
- Special rules for distributions from retirement plans related to COVID-19, extended rollover rules and expansion of maximum borrowing from employer plans;
- Delay in required minimum distributions;
- Ability to delay deposit of employer portion of payroll taxes for 2020, with amounts paid over two years;
- Fix for the "retail glitch" related to qualified improvement;
- Temporary restoration of net operating loss carrybacks, along with other modifications of NOL and business loss rules.
Edward Zollars, CPA, licensed as a CPA in Arizona, is in public practice in Phoenix, Arizona, as a partner with the firm of Thomas, Zollars & Lynch, Ltd. He has been in practice for over 35 years, specializing in tax issues for closely held businesses and individuals.
Ed has been professionally involved with both tax and technology issues, combining the two disciplines in producing the Current Federal Tax Development Update podcast and website, dealing with current tax issues. He has been a member of AICPA Tax Division Committees, dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs. Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010.
For more information, go to Kaplan Financial Education.
About Kaplan Professional
Kaplan Professional®—a division of Kaplan, Inc. is a leading provider of training and education services operating in more than 30 countries and working with over 10,000 corporations and businesses globally. Kaplan Professional helps professionals obtain certifications, licensure, and designations that enable them to advance and succeed in their careers. Kaplan Professional partners with organizations to solve their talent management challenges through customized corporate learning and development solutions. Through live and online instruction, Kaplan Professional provides test preparation, licensing, continuing education, and professional development programs to businesses and individuals in the accounting, insurance, securities, real estate, financial, wealth management, engineering, and architecture industries. Kaplan, Inc. is part of the Graham Holdings Company (NYSE: GHC).
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