Simply Tax® Episode 94: Tax Considerations of COVID-19 Relief

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Tax headlines are swirling after several tax-related developments passed in Washington in response to the SARS-CoV-2 virus and the incidence of COVID-19 (Coronavirus). These significant changes have created questions for taxpayers and CPAs alike. Tune in as host Damien Martin cuts through the static of the tax deadline postponement with frequent guest Ed Karl and tackles frequently asked questions with returning guests Julia Dengel and Yelena Bosovik.

BIO FOR GUESTS

Edward Karl, CPA, is the vice president of taxation at the AICPA. He’s responsible for the review, formulation and submission of technical and policy recommendations for improvement of the federal tax process to Congress, the U.S. Department of the Treasury and the IRS. Ed serves as a principal liaison for the AICPA with the IRS and is responsible for tax ethical issues, which includes the management of the AICPA’s Statements on Standards for Tax Services. He also oversees the tax division’s delivery of services to members, focusing on helping AICPA members provide the highest quality professional tax services.

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Yelena Bosovik serves as a national senior associate in BKD’s National Office Tax Department.

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Julia Dengel serves as a national tax manager in BKD’s National Office Tax Department.

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ADDITIONAL RESOURCES MENTIONED IN THE EPISODE

• COVID-19 information centers:
  • BKD COVID-19 Resource Center
  • AICPA COVID-19 Resource Center
• Archived BKD webinar: Tax Considerations Surrounding COVID-19 (March 26, 2020)
• AICPA resources
  • AICPA Says Current Tax Filing and Payment Extensions Are Not Enough, IRS Must Act Quickly (April 2, 2020)
  • AICPA Urges Treasury, IRS to Act Immediately to Provide Broader Tax Filing and Payment Relief (March 27, 2020) 
     
• More episodes from our COVID-19 Response Series:
  • Episode 93: SBA Loans After the CARES Act with Jim Ashley, Corey Stone and Greg Knight
  • Episode 92: Payroll-Related Relief with Ryan Peterson, Yelena Bosovik and Julia Dengel
  • Episode 91: Responding to the Unexpected with Chris Schumann
  • Episode 90: Making Working from Home Less Taxing with Tony Nitti

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