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COVID-19 Relief for U.S. Citizens and Businesses

On April 14, 2020 at 12:00pm (Eastern Time), join us for a free webinar with U.S. tax attorney Alexey Manasuev, LL.M. (Int’l Tax), NYU, TEP, and a  U.S. tax accountant Ranko Princip, LL.M. (Tax), CPA (MD) who will discuss key areas of the IRS COVID-19 guidance applicable both to U.S. citizens and businesses..

 

Who Will Benefit From Attending This Webinar?

This webinar is intended for U.S. citizens, business owners, businesses, their trusted advisors and tax professionals. The content is especially relevant to U.S. tax and Canadian tax advisors who are assisting their clients in addressing U.S. tax and cross-border implications.

 

Topics Covered in This Webinar.

Everyone by now has been affected by Coronavirus (COVID-19) in one way or another. Coping with the crisis and challenging economic conditions raises a lot of concerns and questions. In this webinar, we will discuss key relief measures announced by the U.S. government and implemented by the Internal Revenue Service (IRS) designed to assist individuals and businesses survive the pandemic with as little economic loss as possible.

 

Here’s just a sample of what we’ll cover during this webinar: 

  • Overview of key IRS relief provisions relevant to U.S. citizens residing in Canada and outside the United States;
  • Overview of key IRS relief provisions for small businesses;
  • Key considerations and practical recommendations on how to get the relief;
  • Issues surrounding the filing of 2019 zero tax returns and amending prior year tax returns;
  • Technical aspects of COVID-19 tax environment – what’s the impact of the authorized use of electronic signatures and closures of certain IRS offices;
  • Where do we stand with IRS Amnesty Programs (IRS Streamlined Filing Compliance Procedures (Domestic and Foreign), IRS Delinquent International Information Return Submission Procedures, IRS Delinquent FBAR Submission Procedures, IRS Relief for Former U.S. Citizens);
  • New 2019 tax year filing and tax payment deadlines demystified – do extended deadlines apply to international information returns (such as Forms 5471, 5472, 3520, 3520-A, 8938, FinCEN 114 (FBAR)) and tax payments (for example, partnership withholding tax payments reported on Form 8813)?
  • … and more!

 

To learn more, please register and gain the knowledge you need to help your clients prepare for their 2019 tax season and effectively manage their potential U.S. tax exposure. Plus, you can earn up to 1 CPD credit (relevant to Canadian CPAs).  We hope you join us!

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