W132: Tax Implications of the Cares Act
Tuesday, December 29, 2020
12:00 PM to 1:30 PM (Eastern Time)

The CARES Act is the largest economic relief bill in US history, allocating $3 trillion to support individuals and businesses through the
pandemic and economic downturn. Learn of tax implications of provisions of the CARES Act and FFCRA and beginning planning for year end.

Learning Objectives
  • Nondeductibility of PPP-Related Expenses
  • Reconciling Stimulus Rebates on 2020 Tax Returns
  • CARES Act Employee Retention Payroll Tax Credit & Paycheck
  • Protection Program (PPP)
  • CARES Act Payroll Tax Deferral
  • CARES Act Net Operating Loss (NOL) – Retroactive Carry Back Permitted
  • CARES Act Depreciation Rules for Qualified Improvement Property –
  • Retroactive 100% First-year Bonus Depreciation
  • CARES Act Interest Deduction Limitation Reduced
  • FFCRA Payroll Tax Credits for Coronavirus Paid Sick and Family Leave
Jennifer DeWilde Eubanks, CPA, CGMA, CMA
Principal, CPA Department
Jennifer is a Certified Public Accountant and holds a Master of Science in Accounting. She’s also earned her CGMA designation and CMA certification. Jennifer is board member for the George Mason School of Business Center for Government Contracting and has been a guest speaker at George Mason University (her alma mater). In addition, she’s a Cohort of the Goldman Sachs 10,000 Small Business Program and member of the Greater Reston Chamber of Commerce, the Small and Emerging Contractors Advisory Forum (SECAF), the AFCEA professional association, the Vistage® CEO network, the Institute of Management Accountants (IMA®), the American Institute of CPAs (AICPA), and the Virginia Society of CPAs (VSCPA). Jennifer was nominated a Top Financial Professional by Northern Virginia Magazine in 2016, 2018, 2019 and 2020. Jennifer previously served as Controller of a non-profit organization and CFO of an Industry Association.
Level Beginner Delivery Group Live presented online due to Covid-19
CPE(NASBA Category) Taxes Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Administration – Financial Management CPE/CAE Credits 1.5
Prerequisites and advance preparation needed None, but at least 1-year of accounting experience in public or private nonprofit practice is preferred Cost free
Refund and Complaint Resolution Policy:

U.S Transactions Corp. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: