This message was sent to ##Email## May 6, 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 NAEA State Affiliates — COVID-19 Updates NAEA Organizations, in response to COVID-19, are attempting to pivot from live events to virtual formats. Our affiliates are no different. If your state society would like NAEA to disseminate to our national network of members and contacts information about your event cancellation or transitioning your live meetings to a virtual format, please contact Janelle Julien, Senior Communication Manager. .  PRODUCT SHOWCASE Make the Most of Working Remotely with Receipt Bank As many small businesses and firms become increasingly reliant on technology, we believe there is no better time than now to begin automating your data entry processes. Get started for free and experience why 50,000+ accountants and bookkeepers choose Receipt Bank to support their clients’ needs. Valuable COVID-19 Member Resources NAEA NAEA continues to provide the latest updates and resources to members during the COVID-19 pandemic. Visit our resource page to register for this week's Form 1099-MISC webinar and new resources from Office Depot. COVID-19 Public Resources NAEA As a part of our commitment to enrolled agents and the tax profession, we have curated resources to help both taxpayers and nonmember tax practitioners. We all have questions, so please feel free to direct your clients and your network to NAEA for answers and resources. Visit our resource page for additional IRS resources. .  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. CARES Act Redesign of Form 1099-MISC — May 7, 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 Notice of Federal Tax Lien Remedies — May 12, 2020 (1 P.M. EST) NAEA This instructor-led seminar will explain statutory federal tax liens, when a "notice" of federal tax lien (NFTL) may be filed, and remedies available to prevent or alter an NFTL. The class will discuss in depth lien subordination, lien discharge from property, lien withdraw requests, and lien releases. We will review advisory timelines and strategies to prevent NFTLs. Finally, it discusses appeal rights in conjunction with the NFTL and recent changes to credit reporting. REGISTER TODAY .  SPONSOR SPOTLIGHT IRS Appeals: CDP vs. CAP — May 12, 2020 (3 P.M. EST) NAEA This instructor-led seminar will provide a comprehensive overview of a taxpayer's right to appeal with a focus on appealing collection enforcement. This seminar will explain when a taxpayer has appeal rights and based on the IRS Notice or IRS action, whether the appeal rights are for a collection due process hearing (or equivalency hearing if deadline missed) or collection appeals proceeding, or both. 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   NAEA Member Forum NAEA Does an issue have you stumped? Check out the NAEA Member Forum to find answers to your questions about the CARES Act and Roth IRAs. 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 .  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! 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. .  SPONSOR SPOTLIGHT     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. Patrick Haggerty, EA, discusses student visa exemptions from Social Security and Medicare taxes in Bloomberg Tax's Payroll in Practice. Bloomberg Tax discusses with NAEA how the coronavirus pandemic has delayed testing for tax professionals in the U.S. and abroad. Chris Hardy, EA; Kerry Freeman, EA; and Twila Midwood, EA, were interviewed by Accounting Today. Read "Reform school: Has the second season of the TCJA been easier?"     INDUSTRY NEWS IRS, Hill give businesses differing direction on virus tax break Bloomberg Tax New IRS FAQs provide conflicting guidance for taxpayers, deviating from a nonpartisan congressional committee's interpretation of applying health care expenses toward a tax break for businesses who keep employees on their payroll during the coronavirus pandemic.  READ MORE IRS: No double tax benefit on PPP loans Barron's The IRS issued guidance late last week on the Payroll Protection Program that financial advisors should heed if they’ve taken loans under the program or work with clients who have. The IRS made it clear that if participants in the program have loans forgiven they may not claim the usual business tax deductions for payroll, rent, and other expenses covered by the loan.  READ MORE Congress could reverse IRS denial of tax deductions for paycheck protection expenses Forbes On April 30, the IRS ruled out tax deductions for wages and rent paid with forgivable PPP loans. The IRS views it as a double dip. But some Senators and Congressmen are pushing back, saying that expenses funded with small business loans should be tax deductible after all, disagreeing with the IRS.  READ MORE Reform school: Has the second season of the TCJA been easier? Accounting Today There have been changes enough this extremely ongoing season — so much so that it seems hard to believe that tax reform only kicked in on Tax Day 2019. Did the second full filing season of the Tax Cuts and Jobs Act run smoother? Kerry Freeman, an Enrolled Agent at Freeman Income Tax Service in Anthem, Arizona, found this second year harder.  READ MORE IRS issues draft of revised tax form for reporting COVID-19 credits Bloomberg Tax A draft of the expanded employer's quarterly tax return for 2020, with 23 new data-entry fields to accommodate additional reporting for three payroll credits related to the coronavirus outbreak, was released April 29 by the Internal Revenue Service. Draft instructions also were released by the agency.  READ MORE NAEA Tax Break | Volume 2: Issue 15 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