This message was sent to ##Email## April 22, 2020         Home  |   About  |    Membership   |    Education & Events   |    EA Advocacy  |    Become an Enrolled Agent     YOUR MEMBERSHIP INFORMATION Full Name: ##firstname## ##lastname## NAEA ID: ##userid## Membership Exp. Date: ##membertype##     ASSOCIATION UPDATES Helping You Succeed NAEA If it matters to you, it matters to NAEA. We are America's Tax Experts®. Rely on NAEA to keep you in the know about new tax laws, updates and other relevant topics, enabling you to explain how these changes affect your clientele and practice. Joining NAEA allows you to stay up to date on how the coronavirus is affecting tax professionals by visiting our COVID-19 resource page as well as on NAEA's members-only Facebook page and our online member community. Experience the full benefits of NAEA Membership. JOIN NOW .  PRODUCT SHOWCASE The Tax Deadline is Officially Extended. . . Now what? Support clients who need you now while setting your firm up for future success. SmartVault is committed to assist you during these trying times. Read the full article to gain tips on how you can keep work moving for clients that need you now, while setting your firm up for future success. NAEA COVID-19 Member Resources NAEA At NAEA, we know that providing your clients with the best service possible is your highest priority. We want you to know that we remain committed to providing you with timely, relevant resources that will equip you to meet today's tax challenges on a wide variety of topics that matter to you and your clients — especially during this challenging time. We remain your friend in the business and a force for your continued success. Visit our resource page to learn more. NEW! COVID-19 Public Resources NAEA Your clients are looking for guidance: whether they need help with an SBA loan application or have questions about tax season changes, NAEA can help you be the one they turn to during this time of uncertainty. We all have questions, so please feel free to direct your clients and your network to NAEA for answers and resources. Visit our new resource page to learn more. .  SPONSOR SPOTLIGHT Opportunity Zones — April 23, 2020 (2 PM ET, 1 CE) NAEA This course encompasses opportunity zones, which throughout this session we will refer to as "O-Zones." O-Zones encourage investment into economically distressed areas in all 50 states, the District of Columbia, and U.S. territories through tax incentives. Investments can include material participation in an active trade or business located in an O-Zone; or a passive investment interest in real estate located there. REGISTER TODAY Penalty Abatements — April 28, 2020 (2 P.M. EST, 2 CE) NAEA This course presents numerous topics within the subject of reasonable cause. We will demonstrate how to navigate a first-time abatement program. We will show by using the Internal Revenue Manual, IRC, regulations and case law how to navigate and support your client's reasonable cause position. This webinar will provide valuable techniques to assist our clients to reduce penalties imposed by the Internal Revenue Service in various situations. Come join us for this indispensable webinar to assist your clients in their time of need. REGISTER TODAY How the CARES Act Provides Immediate Relief Opportunities for Small Businesses — April 29, 2020 (2 P.M. EST) NAEA During this time of crisis, small business owners are turning to tax preparers for specific guidance on how to keep their businesses operating. In this webinar, you will develop a better understanding of how the CARES Act provides immediate assistance for small businesses to help keep their workers working. Bonus: Learn how these newly enacted relief strategies interact with each other and with current employee paid leave laws. REGISTER TODAY    SPONSORED CONTENT Promoted by Canopy What Is an Offer in Compromise, and Is It Right for Your Client? What You Need To Know About Common Tax Penalties [free ebook] Why Millennials Are a Tax Resolution Gold Mine Give Client Service That Shines: 5 Best Practices How to Keep Your Clients' Data Secure   Tax Changes Related to the Coronavirus, Aid, Relief and Economic Security (CARES) Act — April 30, 2020 (2 P.M. EST) NAEA This essential webinar will provide highlights of the tax changes for individuals and businesses that have resulted from the CARES Act — the new federal legislation for addressing the coronavirus pandemic. This event will provide critical insider tax knowledge, helping you to better serve your clients during these unusual times. Bonus: Learn how the CARES Act provides the long-awaited fix to the 2017 tax law's qualified improvement property issue. REGISTER TODAY .  PRODUCT SHOWCASE Boston University Graduate Tax Program Offered through the school’s renowned Graduate Tax Program, our Master in the Study of Tax Law is a 24-credit program designed to provide foundational tax law training to professionals without a law degree, such as aspiring and current accountants, auditors, and other business professionals. Read more Reach Your Prospects Every Week Thousands of industry professionals subscribe to association news briefs, which allows your company to push messaging directly to their inboxes and take advantage of the association's brand affinity. Advertise in this position today, with MultiView! May/June 2020 EA Journal NAEA This annual ethics issue examines ethics in the modern world and common ethical issues facing today's tax professionals. "Your Questions Answered" reviews substantial presence test purposes for foreign medical students and claiming the dependent care credit for daycare providers outside of the United States. Incoming NAEA President Donald Rosenberg looks ahead to the future and this issue's Editor's Message reflects on the new normal of life during a pandemic. Don't forget to take the EA Journal CE test to earn four credits. NAEA Member Forum NAEA Does an issue have you stumped? Check out the NAEA Member Forum to find answers to your questions about stimulus payments. 2020 NAEA Media Kit NAEA NAEA helps you reach people with the power to purchase. Explore exhibit, sponsor, national training event advertising, and publication advertising opportunities across the organization.  READ MORE .  SPONSOR SPOTLIGHT Contribute to NAEA Education Foundation NAEA The NAEA Education Foundation (NAEA-EF), established in 1972, is a 501(c)(3) charitable organization, dedicated to assisting aspiring enrolled agents on their Circular 230 journey. The Foundation also assists enrolled agents and other Circular 230 licensed tax practitioners with ongoing continuing professional education needs. Among its activities is awarding peer-reviewed scholarships to those who attend NAEA's premiere national continuing education program — the National Tax Practice Institute™ (NTPI™). You can help our mission by making a tax-deductible contribution today.     EAs IN THE NEWS A note to our readers: The following is a list of news coverage highlights earned over the past 30 days or so. This is by no means a comprehensive list of all relevant news stories that mentioned NAEA members or "enrolled agent" during that time. News Credit encourages taxpayers to seek out enrolled agents as tax advisors.     INDUSTRY NEWS CARES Act changes rules for business interest deductions CPA Practice Advisor The new Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some much-needed relief for businesses hindered by a cap on business interest deductions. Icing on the cake: The tax changes are retroactive to 2019.  READ MORE Struggling states unlikely to mirror federal virus tax breaks Bloomberg Tax States will likely opt out of extending the full swath of federal pandemic relief to their businesses, as they face shuttered state houses and potentially limited benefits. The federal tax code changes in the latest stimulus law (Public Law 116-136) are meant to help businesses suffering from economic upheaval during the pandemic. Included in the package was a temporary increase of the tax code Section 163(j) limit on deductions for business interest payments to 50% from 30% of adjusted taxable income.  LISTEN HERE Tax preparers would pay fee for ID number under IRS rules Bloomberg Tax Paid tax returns preparers would again have to pay an annual fee to obtain or renew mandatory ID numbers under proposed IRS regulations. The proposal follows the D.C. Circuit's 2019 ruling in Montrois v. United States, which held that the agency could reinstate fees for preparer tax identification number. That ruling resolved a class action brought by a group of tax preparers who challenged the fee.  READ MORE Got losses? IRS makes it easier to claim losses on your taxes International Business Times Subject to a number of details, you can sometimes apply a loss in one year to reduce your tax in another year. There were always limits, but under the tax bill Congress passed in late 2017, claiming net operating losses became much tougher in 2018 and thereafter. It cut them to offsetting 80% of taxable income and removed the ability to carry back NOLs to prior tax years. But as part of the government's COVID-19 response, the CARES Act helps in a big way.  READ MORE NAEA Tax Break | Volume 2: Issue 25 Connect with NAEA Recent Issues | Unsubscribe | Web Version  Colby Horton, MultiView, Executive Vice-President, Publishing/Marketing, 469-420-2601 | Media Kit Jason Zimmerman, Executive Editor, 469-420-2686| Contribute news National Association of Enrolled Agents 1730 Rhode Island Avenue, NW, Suite 400 | Washington, DC, 20036, United States 202-822-6232 | Contact Us  Learn how to add us to your safe sender list so our emails get to your inbox. 7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063