Now available: purchase a #MarylandCPAProud face mask and support the MACPA Educational Foundation! BUY NOW

Tax Effects of Coronavirus (COVID‐19) and CARES Act


Since the filming of this session on March 29th Congress has passed additional legislation. Please note, this course does not cover PPP. To learn more about that program, please see these offerings (Payroll Protection Program Loans) by Art Werner.

4/16/2020, 3 – 5pm
4/20/2020, 10am – 12pm
4/22/2020, 1 – 3pm

Please note, this session does not have a scheduled break.

The Coronavirus has wreaked economic havoc and Congress, as well as the IRS, have needed to act swiftly with regards to tax laws. As of March 28, 2020, President Donald Trump signed the CARES (Coronavirus Aid, Relief, and Economic Security) Act. This course will discuss the tax and liquidity planning in response to the CARES Act. The IRS has postponed some deadlines, but not all. You will be equipped with navigating the many questions surrounding the deferral of 2019 tax payments. Additionally, a Families First Act has been signed, providing a stimulus package for those affected financially by the Covid‐19 pandemic. This course will detail the IRS’s rapidly changing approach to collections, statute of limitation protections, and operations. By the end of this course, you will know how these new and sudden changes affect your clients and enable you to answer the many questions they may have as a result of these changes.

Because the details surrounding the Coronavirus are uncertain, the legislation is ever‐changing. The information in this course is intended to provide information on new legislation that has been put in place up until this point. As any potential major changes occur, those who take this program will be kept up to date.

Learning Objectives

At the end of this course, you will be able to:

  • Explain the Stafford Act Emergency Declaration
  • Interpret the Families First Coronavirus Response Act
  • Discuss the CARES Act
  • Discuss and interpret details surrounding the Tax Payment and Tax Filing Reliefs
Major Topics


  • Stafford Act Emergency Declaration
  • IRS Notice 2020‐17 – Tax Payment Relief
  • IRS Notice 2020‐18 – Tax Filing Relief
  • Filing and Payment Deadline IRS FAQ
  • Families First Coronavirus Response Act
  • CARES Act
Course Level
Professional Area of Focus
CPE Field of Study
Who Should Attend

CPAs, EAs, and financial professionals

Arthur Werner


Advanced Preparation


Event Information
Apr 15, 2020
9:00 am - 12:00 pm EST
Total CPE Credits
Webcast Replay


$ (% off)


$ (% off)
Become A Member

Register for this Event

Tax Effects of Coronavirus (COVID‐19) and CARES Act

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now