Course Information

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Tax Relief and Incentives for Businesses
Author: CCH Editorial Staff

Description:
The massive 2009 Recovery Act was signed in February 2009 to help jump-start the U.S. economy . The 2009 Recovery Act provides tax breaks to encourage business spending, the hiring of veterans and disconnected youth, the development and production of alternative energy, and more.

The Act provides temporary COBRA premium assistance to individuals and gives employers a payroll tax credit in return. Bonus depreciation, Code Sec. 179 expensing, and the extended NOL carryback are three popular incentives that are also affected by the 2009 Recovery Act and can help businesses during the current economic slowdown.This course covers these and other tax incentives provided in the 2009 Recovery Act, as well as pending legislation involving corporate estimated taxes and international business taxes.

Topics covered in this course related to the 2009 Recovery Act include:

  • Net Operating Losses
  • Bonus Depreciation
  • The Luxury Car Depreciation Cap
  • Increased AMT and Research Credits
  • Code Sec. 179 Expensing
  • Cancellation of Debt Income
  • Work Opportunity Tax Credit
  • S Corporation Built-In Gains Period
  • Individual Estimated Tax Payments
  • Cobra Premium Assistance
  • Energy Tax Incentives
  • Code Sec. 382
  • Government Withholdings
  • New Markets Tax Credit
  • New Bondss

Additional topics covered in this course include:

  • The Corporate Estimated Tax Shift Act of 2009
  • International Business Tax Reforms

Course Details:
Price:  FREE
Field of Study:  Taxes
Prerequisites:  Basic understanding of Federal Tax law
Level:  Overview
CTEC course number:  1075-CE-0710
Course was last updated on:  11/04/2009
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Library:
Learning Center Core
Corporate

Technical Requirements:
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Credit Available For: Units
CPE 2.00 CPE
CTEC Federal 2.00 CE
Enrolled Agent (Accepted by the IRS) 2.00 CPE
QAS 2.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.