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

Overview

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."

In the 2021 CFO series, The Knowledge Institute has taken this popular series to a new level, collaborating with Executive Education to offer a virtual live option to enhance learning experiences.

Prerequisites

Basic working knowledge of business taxation

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

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


Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

WX20582

2 CPE Credits
Tax: 2 Credits

Registration

Member Price:
$79
Non-member Price:
$109

    Registration is open through 10/15.

    Friday, October 15th

    11:00am to 1:00pm

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    Instructor

    Douglas Van Der Aa