[4/30/20 Zoom Meeting] IRS COVID-19 Relief Beyond The $1200 Check



IRS COVID-19 Relief Beyond The $1200 Check was Presented by James Creech

Everyone has heard that the IRS is going to be sending out $1200 checks for many taxpayers. This program will take a look at the details of who does and doesn’t get the stimulus money as well as other lesser known IRS administered programs that are designed to either get cash into taxpayer hands or help taxpayers keep more cash in their own pockets.

This progtam will focus on the individuals, small businesses and self employed taxpayers that make up our firms and our client’s firms so that you can point them in the right direction to obtain aid.

Some of the relief that was covered include:

  • The IRS’s suspension of filing deadlines,
  • Advanced refundable tax credits (ie cash in your pockets) for payroll taxes,
  • Sick leave, and child care during the COVID crisis,
  • Increased use of net operating loss (NOL’s),
  • Grace period for taxpayers who have existing installment agreements with the IRS,
  • Home office deduction and what expenses might be deductible during this shelter in place period.

Please note this video is not offered for MCLE credit. We are only authorized to give credit to those who attend at the time of the presentation.

Published in 2020, AAC, COVID19, Video Replays, Zoom