Tax Considerations Surrounding COVID-19

Date: Tuesday, May 19, 2020
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenters: Jesse Palmer, CPA , , Director of Tax Quality Control , BKD CPA's and Advisors, Jason Bombeck CPA , Partner, BKD CPA's and Advisors
Moderator:
Learning Objectives:
Upon completion of this program, participants will be able to:
• Explain some of the relief measures being implemented by state and federal governments in response to the COVID-19 pandemic
• Identify strategies to help with financial protection for their families and communities during this time of economic uncertainty
• Discuss commonly asked questions regarding the tax impact of the various federal and state COVID-19 response efforts
Field of Study: Taxes
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
  Order Recording

Course Description

As coronavirus disease 2019 (COVID-19) cases continue to be reported throughout the U.S., the federal, state and local governments are responding to the pandemic through various relief measures. On March 18, 2020, Congress passed the Families First Coronavirus Response Act (H.R. 6201) and the IRS and U.S. Department of the Treasury extended the tax payment deadline to July 15, 2020. Find out what we’ve learned so far about these response efforts, including answers to some commonly asked questions, as well as future relief measures we expect to see. We’ll also discuss planning strategies to help with financial protection for your families and communities during this time of economic uncertainty.

Presenter and Moderator Bios

Presenter: Jesse Palmer, CPA , , Director of Tax Quality Control , BKD CPA's and Advisors

Jesse is a partner in BKD’s National Office Tax Department and serves as the firm’s director of tax quality control. His responsibilities include quality control, risk management and day-to-day administration of the firm’s tax practice. He also provides technical support and training to BKD’s tax professionals. Jesse serves as co-chair of the firm’s Tax Committee and works closely with the national tax director on firmwide tax-related growth initiatives. Before joining the National Office in 2008 as a national tax assistant director, he worked in the Kansas City office and focused on tax consulting with manufacturing and distribution organizations and auto dealerships. Jesse assisted clients with general tax and business consulting and performed corporate and individual tax planning for closely held businesses. Jesse is a member of the American Institute of CPAs (AICPA) and Missouri Society of CPAs. He previously served on the AICPA’s Tax Practice Responsibilities Committee. A member of BKD National Manufacturing & Distribution Group, Chris has more than 17 years of public accounting experience. He focuses on providing tax planning services to clients in the electric cooperative, manufacturing, distribution and service industries. He interprets the latest tax laws, helps clients reduce their tax liability and provides guidance on the tax implications of business opportunities. He previously served as a national tax assistant director in BKD’s National Office in Springfield, Missouri, where he performed tax consultations with the firm’s offices and quality control reviews. He also contributed to various efficiency and quality control initiatives by developing standardized tax workpapers, engagement letters and checklists. Jason, a member of BKD National Manufacturing & Distribution Group, has more than 20 years of public accounting experience. He specializes in providing tax planning and consulting services for clients in the agribusiness, manufacturing and distribution industries. His experience includes consulting with clients on strategic planning, multi-state taxation and choice-of-entity analysis, as well as estate and gift planning. He has given presentations and authored articles on a variety of topics, including business valuations and succession planning. He receives in excess of 60 hours of continuing professional education annually and attends industry-specific conventions and conferences, including the National Society of Accountants for Cooperatives Tax, Finance & Accounting Conference. Jason is a member of the American Institute of CPAs, Nebraska Society of Certified Public Accountants and Lincoln Estate Planning Council.

Presenter: Jason Bombeck CPA , Partner, BKD CPA's and Advisors

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.