ARLINGTON, Va., Jan. 5 /PRNewswire-USNewswire/ -- Steps taken by the American Recovery and Reinvestment Act to stimulate spending and grant targeted tax relief had a major impact on several IRS Code provisions in 2009. Further efforts to stimulate the economy led to the extension and expansion of a few of the more popular credits and deductions with tax consequences that are yet to be fully understood, according to BNA Tax & Accounting tax analysts and reporters.
January 14, BNA Tax & Accounting senior tax analysts will join Managing Editor Karen Fickes and Daily Tax Report's congressional reporter Brett Ferguson in a webinar titled Major Tax Legislation in 2009 and Its Impact on Individuals and Businesses. The webinar's agenda includes: 1) a review of 2009 tax legislation; 2) a thorough assessment of its impact on tax practitioners and their clients, and 3) a summation of outstanding unresolved issues and their impact on tax return preparations.
Fickes notes, "These measures are temporary and lack the regulatory guidance which often serves to answer many issues arising from the practical application of the legislative language. Instead, practitioners must rely on recently released Treasury notifications in the form of a procedural guidance, which leaves an incomplete framework for the practitioner seeking to implement many of these key provisions."
What will be covered:
This 60-90 minute webinar will provide participants with a conceptual understanding and practical application of legislative and procedural changes covering:
- NOLs and Tax Attribute Protection (TAP) Plans
- Cancellation of Indebtedness
- General Credits
- Green Credits
- Homebuyer Credits
- Employee vs. Independent Contractor Status/Employment Tax Audits
- Disaster Areas
- Other 2009 Tax-Year Issues
The webinar takes place on January 14th at 12:30 p.m. ET. CLE/CPE credits will be available.
- Participants will learn how to:
- Determine whether and how to elect the extended NOL carryback period for 2009 NOLs
- Determine whether and how to make the election to defer cancellation of indebtedness income and the consequence of such an election
- Recognize the 2009 changes in various credits/grants and their filing requirements
- Recognize the disaster benefits that may apply to your clients
- Recognize the increasing IRS scrutiny surrounding "independent contractor" status
Register for this webinar and obtain further information about CLE and CPE credits, go to: http://www.bnatax.com/CLE-CPE-Information/ or call 1-800-372-1033, menu Option 6, then Option 1. The fee is $249 for BNA subscribers, $299 for nonsubscribers.
To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm
About BNA Tax & Accounting Webinars
BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area -- and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits -- all from the convenience of their own office or conference room.
SOURCE BNA Tax & Accounting