Zoom Webinar Login will open at 8 am and the CPE Begins at 8:30 am.

Whether you are a generalist or a tax specialist, you will take away valuable information and insights from this eight-hour program. The course will bring you up-to-date on current issues in federal income taxation affecting individuals and small business owners with emphasis on coverage and analysis of 2020 tax legislation, with special emphasis on Coronavirus legislation, both final and proposed; updates and new developments of 2019 and earlier tax law, with emphasis on continuing developments with the Tax Cuts and Jobs Act; important court cases; Treasury income tax regulations; IRS revenue rulings and procedures; and more!

FLASH ALERT – Steve says there’s a lot to cover. He vows to tell you what you need to know! Can he do it all in one day??? Sign Up Now!!! You will be able to submit questions through email and/or Zoom Chat for Steve to answer. All questions and answers will be emailed to the CPE Participants.

STEVE TILLINGER WILL ADDRESS THE HOT TOPICS OF 2020:

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – OVERVIEW: You know about the non-tax legislation, i.e., the economic impact payments and the Paycheck Protection Program (PPP) loans, but Congress also enacted significant tax legislation. Some provisions amend the Tax Cuts and Jobs Act retroactively. Do I hear amended tax returns? Come join the conversation. Learn all about it. Steve will provide comprehensive coverage and analysis. Sign Up Now.

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – PPP LOANS: You’ve got the loan. What are the tax implications of forgiveness? Have you heard of Notice 2020-32 Now it’s Congress versus the IRS. What’s going on? Sign Up Now and Find Out.

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – INDIVIDUAL PROVISIONS: Congress relaxed the charitable contributions rules and expanded what is a medical expense. What else?

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – BUSINESS PROVISIONS: Congress made retroactive changes to the net operating loss rules, excess business loss rules, business interest expense rules and qualified improvement property rules. Think amended tax returns. But the

AICPA and businesses want more! What’s going on? Steve’s got the details. Sign Up Now and Find Out.

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – RETIREMENT PROVISIONS: Congress relaxed the rules for early distributions from retirement plans and expanded how much you can borrow from your plan. We’ve seen this before. Liquidity matters.

• 2020 TAX LAW – CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT – OTHER ISSUES: Has your business thought through the tax implications of telework? What about nonresident aliens stuck in this country because of travel restrictions? Could the coronavirus pandemic give rise to a disaster loss? What else could there be? Steve’s on top of it. Sign Up Now.

• 2019 TAX LAW – FURTHER CONSOLIDATED APPROPRIATIONS ACT, 2020: Congress passed legislation to fund the government for the rest of the fiscal year, but also enacted a number of individual and business tax provisions.

• 2019 TAX LAW – SETTING EVERY COMMUNITY UP FOR RETIREMENT ENHANCEMENT (SECURE) ACT: Congress passed tax legislation that overhauls the retirement area for the first time in more than a decade. There are significant changes. Are you Up-To-Date? Sign Up Now.

• FINAL REGULATIONS – TAX CUTS and JOBS ACT – SECTION 199A: Steve will continue his comprehensive coverage, analysis, and update of the passthrough deduction included in the most significant revision to the tax laws in more than 30 years. Sign Up and Steve will bring you Up-To-Date.

• FINAL REGULATIONS – TAX CUTS and JOBS ACT – BONUS DEPRECIATION: These final regulations affect not only cost recovery deductions but also affect the section 199A deduction and the section 163(j) interest expense limitation. Be sure to attend and get brought Up-To-Date.

• FINAL & NEW PROPOSED REGULATIONS – TAX CUTS and JOBS ACT – SECTION 163(j): Steve will continue his comprehensive coverage, analysis and update of the interest expense limitation included in this major legislation. Learn all about it. Sign Up and Steve will bring you Up-To-Date.

• FINAL REGULATIONS – TAX CUTS and JOBS ACT – S CORPORATIONS: Congress changed the distribution rules when an S election terminates. Final regulations provide guidance on PTTP. What’s PTTP you say? You need to Sign-Up and Find Out!

• PROPOSED REGULATIONS – TAX CUTS and JOBS ACT – SECTION 1031: Steve will provide an update of the like-kind exchange rules of this major legislation.

• PROPOSED REGULATIONS – TAX CUTS and JOBS ACT – MEALS & ENTERTAINMENT: Steve will provide an update of the limitation on meals and repeal of entertainment provisions of this major legislation.

• PROPOSED REGULATIONS – TAX CUTS and JOBS ACT – MISCELLANEOUS ITEMIZED DEDUCTIONS: Have you heard? The IRS has issued guidance of particular importance to estates and trusts.

• NEW HOT ISSUE – ACCURACY-RELATED PENALTY: You know it as the 20-percent underpayment penalty. Think uncertainty with section 199A, section 163(j), method of accounting/tax shelter rules. How do you protect your client and yourself? It’s all included in this year’s tax update. Sign Up Now!

• NEW HOT ISSUE: Partnership/LLC tax basis capital account reporting. Notice 2020-43. New reporting requirements. It’s mandatory. What’s this all about? Steve will bring you Up-To-Date. Sign Up Now and Find Out.

• NEW HOT ISSUE: S corporation tax basis reporting. The AICPA blessed? What did you say? Tell me it’s not true. It is and was part of 2018 and 2019 tax return reporting. Now it’s mandatory. Did you miss it? Did you ignore it? You need to Sign Up and Find Out What’s Going On.

• IMPORTANT: Updates and new developments covering 2020 and earlier tax law AND court cases; Treasury income tax regulations; and IRS revenue rulings and procedures.

• NEW DEVELOPMENTS affecting partnerships and LLCs, and S corporations - as they happen - keeping you up-to-date.

• MORE DEVELOPING HOT ISSUES AND EVEN MORE! Will You Be There? DESIGNED FOR: Tax Practitioners who need the most recent up-to-date information on state and federal tax developments.

Email Centraltxed@yahoo.com or call 254-732-3026 with questions. We can also invoice your office and you can pay by check.

OBJECTIVE: To educate tax practitioners on Texas state and federal tax updates and changes for individuals and businesses.

PREREQUISITES: There are no prerequisites.

ADVANCED PREPARATION: No advanced preparation is necessary.

MATERIALS: Electronic materials will be sent at least one day prior to the CPE (We will send them out as soon as they are available). There is not a paper option for this year's CPE.

There will be pop-up poll questions throughout the seminar to monitor your attendance and meet the TSBPA attendance requirements. Each person will need to answer the questions. Please make sure your pop-up blocker will allow for the pop-up poll questions.

If you are registering by check, email centraltxed@yahoo.com with your information. You do not have to register through Eventbrite. We can also invoice your office and you can pay by check.