IRS/Practitioners Forum - Webcast

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Oct 30, 2020

Registration: 7:15 AM / Program: 8:00 AM - 4:35 PM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

This unique program will provide you with an update and review of current issues from both perspectives of the IRS and Practitioners, as well as an opportunity to interact with IRS representatives. It will provide cutting-edge tools to assist clients with IRS issues.

CPE Credit: 8 hours
IRS CE-T (Tax Matters): 5 hours
IRS CE-U (Tax Update): 3 hours
CLE-OR Credit: 7 hours 

Early Registration Fee (Register by 10/16/20): $110* / Registration fee (Register after 10/16/20): $125*
* This year, take advantage of extra savings on the all-virtual 2020 IRS/Practitioners Forum.


REGISTRATION INSTRUCTIONS for 

EAs, LTCs and LTPs:

The OSCPA is handling IRS CE (PTIN) credit information. To receive IRS CE (PTIN) credit, you must register with the exact name the IRS has on file. You must have a valid PTIN number listed on your profile (Click here to update). Discrepancies in name or PTIN number will delay the credit process and delivery of IRS approved CE certificates. 

Unsure of how to create a guest account and update your PTIN/LTC/LTP number?  Click here for a guide.  


Taxpayer Advocacy Service

Do you have clients with unresolved tax issues who are experiencing a significant hardship? As a registered 2020 IRS/Practitioners Forum participant you can speak with a local Case Advocate from the Taxpayer Advocate Service (TAS). Don't let this opportunity go to waste! Sign-ups for a 30-minute session with a Case Advocate are now open to all who are registered. Appointments will be scheduled on a first come, first serve basis.

Cosponsored by: 
IRS, OAIA, OATC, ORSEA, OSB-TS, OSCPA, OSTC

Designed For

CPAs, tax practitioners, attorneys, and all professionals who interact with the Internal Revenue Service.

Objectives

To foster an environment where practitioners can interact with representatives from the Internal Revenue Service.

Major Subjects

  • PPP Loans... What Now?
    Terry Bakker, CPA, EA, LTC, O'Leary's Tax Service LTD
    This presentation will review the most current SBA and IRS guidance focused on small business impacts, employee owner restrictions, and accounting for the loans and potential loan forgiveness.
  • Taxpayer First Act
    Derek Ganter, Director, IRS Stakeholder Liaison, Internal Revenue Service
    With the implementation of the Taxpayer First Act, we're on a journey together to re-think how the IRS provides taxpayer service, employee and manager training, and how we're currently organized. The world of taxpayers and stakeholders has changed, as have their expectations. Technology has changed and so has our workforce. Our taxpayer base is more diverse than it was 20 years ago, and so are our IRS partners and external stakeholders. In this session we will take a look at this path we walk together.
  • COVID-19 Disaster Relief Topics
    • COVID-19 Disaster Relief - Businesses
      Cathye S. Mason, IRS Stakeholder Liaison, Internal Revenue Service
      Passage of the CARES Act resulted in some temporary changes to the treatment of Net Operating Losses and the Business Loss Limitation. In addition, there are also provisions and some special treatments for tax items of C-Corporations. Add the technical correction for Qualified Improvement Property depreciation and some other miscellaneous items and we come up with a “stew” of changes to explore during this 40-minute session.
    • COVID-19 Disaster Relief - Retirement Plans
      John W. Blakeman, IRS Stakeholder Liaison, Internal Revenue Service
      Section 2202 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020, provides for special distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from certain retirement plans. Let’s explore these temporary options available for 2020 and the tax implications for those who have sought this relief throughout this 40-minute session.
  • A Pandemic of Plenty for Scammers
    Charles Harwood, Regional Director, Federal Trade Commission
    The coronavirus pandemic has been associated with more fraud and identity theft reports to the Federal Trade Commission (FTC) than any other event — ever. Fraudsters know that fear, confusion, and economic distress are the elements of their success. Along with individual consumers, businesses large and small are on the scammers' target list. FTC Regional Director Chuck Harwood will talk about pandemic ploys, and strategies for preventing their success.
  • IRS Federal Tax Update
    Sarah DeBurle, Dennis Hills, & Brian P. Wozniak, Internal Revenue Service
    This session will provide an overview of an array of topics such as: Taxpayer Advocate Service: Coronavirus tax relief and Economic Impact Payments; COVID19 impact on the IRS operations and mission critical functions; current advocate issues. Power of Attorney processing times, changes to third party authorizations; digital signature updates; 1040X amended return electronic filing option; PTIN renewals; QR technology for balance due notices. Federal income tax withholding issues, online withholding estimator; 1099-NEC for independent contractors, employer withholding methods; draft forms   
  • U.S. Small Business Administration Topics
    • Paycheck Protection Program (PPP)
      Clark Bihag, Senior Area Manager, U.S. Small Business Administration (SBA)
      The Paycheck Protection Program (PPP) is intended to provide economic relief to small businesses nationwide aversely impacted by COVID-19. Nearly $520 billion and 5 million PPP loans were approved nationwide in less than 3 months. The PPP loan is designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive the loans if all employee retention criteria are met, and the funds are used for eligible expenses. This session will provide an overview on the criteria for PPP loans.
    • SBA Disaster Assistance Program
      Kevin Wynne, Public Information Officer, U.S. Small Business Administration (SBA)
      This session will provide an overview of the SBA's disaster recovery role after floods, earthquakes, hurricanes, wildfires and other disasters. SBA disaster loans are the primary source of federal assistance to help private property owners pay for disaster losses not fully covered by insurance.
  • Cryptocurrency, Illicit Finance and the Global Impact
    Jarod Koopman, Director, Cyber Crimes, Internal Revenue Service - Criminal Investigation
    Director Koopman will provide an overview of cryptocurrency, explain the efforts made by IRS-Criminal Investigation in this program area and highlight several case studies. The overview on cryptocurrency will look at some of the widely used coins and the challenges that exist. Director Koopman will also highlight the current regulations and the priorities for IRS-CI.

*In case of unforeseen circumstances, speakers, topics, and IRS CE hours are subject to change.

If you would like to register for this event, please contact OSCPA at 800-255-1470, 503-641-7200, or email profdev@orcpa.org.