2022 February Solutions Room: Oops!  Correcting 2020 Tax & Getting 2021 Right for COVID
IRS Program #: X9QQU-U-00846-22-O
CE: 1 (for online only, not for on-demand)
Speaker: Jane Ryder, CPA

Join NAEA on the second Thursday of each month for a Solutions Room webinar. Hear about the latest tax hot topics by leading experts in the field. This series gives attendees a unique opportunity to ask questions directly to the experts! Free for members!

February’s topic is the new correcting past taxes and getting 2021 right for Covid. Come prepared with your questions about how to fix past taxes and getting the upcoming ones right for Covid.

New for 2021 taxes plus looking back to 2020 returns, updated advice on recording and reporting COVID-19 employer credits, other benefits, and PPP loans for tax purposes. We've uncovered some 2020 tax returns which may have been prepared incorrectly or assumptions we made during tax preparation have now turned out to be inaccurate. We'll review best practices for evaluating which 2020 returns should be amended and communicating this advice to the client. What's the best timing for reporting these 2020 changes? What is our tax preparer exposure not only for possible incorrect 2020 tax reporting but for preparing the amended returns? Are there any alternatives to amending? Plus a review of the latest IRS Rev Procs on these issues.

Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at education@naea.org.

Webinar Refund Policy
To request a refund, contact the NAEA education team via email at education@naea.org. An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.