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Special Topics Winter Series | Live Stream: California Conformity (or Not) in the time of COVID

Course Price: N/A
CPE Credits
1
Date
January 15, 2021
Course Time
10:00 AM
Advanced Preparation
None
Course Level
Intermediate
Prerequisite
Knowledge of Federal Tax Law
IRS CPE
N/A
NASBA CPE
1
CTEC CPE
1
Instructor(s)
Keith West EA

Course Description

This course introduces the participant to all of the following issues concerning California rules addressing conformity in the time of COVID.

  • Employer vs. Non-Employee (Independent Contractor)

  • Depreciation

  • Employee business Expenses (2%) and Audit

  • Additional issues - Domestic Partnerships (RDPs), Business and Personal Conformity Issues

AB-5 (California Employee Rule)

  • A.B.C. Test (S.G. Borello & sons)

  • Common Law Employee Standard

  • Gig Workers vs. Temporary Employee (+Exemptions)

  • Passage of Cal Prop 22: Good or Bad?

  • What Does the Return Look Like?

  • Our Tax Practices as examples - insight into how complicated this process issues

Depreciation

  • No §199A, No bonus, No §179 above 25K, No Nuthin'

  • No Computer & Listed Property Depreciatory Increase per Federal

  • Need for California entries on depreciation - example of how software defaults can vary

E.B.E. + the 2%, TCJA, ACA

  • Personal Reflection on 6 FTB Audits

  • Nature of Audit Rules - Conformity or Not

  • New California Individual Health Care Mandate

  • Cannabis! (New for 2020)

  • Cal EITC + Cal Child Tax Credit

EVERYTHING ELSE (DEFINE THE UNIVERSE, WITH EXAMPLES)

Learning Objectives

At the conclusion of this session, the participant will have a better working knowledge of the rules of conformity for the California income tax rules for filing 2020 returns. in addition, the participant will have a solid base for understanding how the Franchise Tax Board handles specific ??tax provisions differently than the IRS on the Federal side. The participant will know more on how California handles audits, the Health Care mandate, Cannabis, and more

Administration Policies: NSTP follows strict administrative policies
Late Registration
  • Registrations must be received no later than 7 days prior to the seminar date.
  • Registrations received after this date will be subject to a $35 late fee.
Refunds
  • NSTP provides refunds to registrants up to 7 days prior to the date of the course. For those registrants canceling within 14 days prior to the date of the course NSTP will allow attendance at another seminar site. If there are extraordinary circumstances NSTP will allow the participant to attend a future education course. An administrative charge of $25 will be assessed if canceled. For more information regarding refund, cancellation and complaint policies, please contact our offices at 800-367-8130
Cancellation
  • NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
Walk-In
  • We do not accept walk-in attendees. Payment must be received in advance of the class. Classes may not be retaken without payment.
Disclaimer
  • Seminar materials and seminar presentations are intended to stimulate thought and discussion and to provide attendees the useful ideas and guidance in the areas of federal taxation and administration. These materials as well as the comments of the instructors do not constitute and should not be treated as tax advice regarding the use of any particular tax procedure, tax planning technique or device or suggestion or any of the tax consequences associated with them.
  • Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Attendance Policy
  • Only paid registrants are able to attend seminars. In consideration of your fellow attendees, guests will need to depart before the session begins. The seminar lunch is for paid registrants only and is included in the registration fee.