Federal Income Tax Update 2020 (Online Seminar)

A pre-recorded streaming video replay of the June 2020 webcast, Federal Income Tax Update 2020.

The last twelve months have yielded many significant administrative, legislative, and judicial developments in the area of federal income taxation. The Treasury Department and the IRS have continued to issue important administrative guidance pursuant to the legislation commonly known as the 2017 Tax Cuts and Jobs Act. The United States Tax Court and the federal courts of appeals have issued several significant decisions that affect the tax treatment of both individuals and businesses.

Congress has passed significant tax legislation in both 2019 and 2020. The Taxpayer First Act, enacted on July 1, 2019, directs certain organizational changes to the IRS and makes several significant changes to procedural tax rules. The Further Consolidated Appropriations Act, 2020, enacted on December 20, 2019, repealed the taxes commonly known as the medical device tax and the Cadillac tax, modified the rules for contributions to and distributions from certain retirement plans, temporarily extended several expired or expiring provisions, and provided tax relief to those in areas affected by certain natural disasters. The Families First Coronavirus Response Act, enacted on March 18, 2020, provides businesses with tax credits to cover certain costs of providing employees with required paid sick leave and expanded family and medical leave for reasons related to the Coronavirus (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), enacted on March 27, 2020, also in response to the COVID-19 pandemic, is economic stimulus legislation that provides, among other things, targeted tax relief for individuals and businesses including (i) a one-time rebate to taxpayers; (ii) modification of the tax treatment of certain retirement fund withdrawals and charitable contributions; (iii) a delay of employer payroll taxes and taxes paid by certain corporations; and (iv) other changes to the tax treatment of business income, interest deductions, and net operating losses.

FACULTY

Cassady V. Brewer, Georgia State University / Atlanta, GA
James M. Delaney, Winston S. Howard Distinguished Professor of Law / Laramie, WY
Bruce McGovern, South Texas College of Law Houston / Houston, TX

ABOUT THE SPEAKERS

Cassady V. Brewer, Georgia State University / Atlanta, GA
Cassady V. “Cass” Brewer is an associate professor at Georgia State University College of Law in Atlanta, Georgia. Professor Brewer teaches courses in basic federal income taxation, corporate taxation, partnership taxation, the law of nonprofit organizations, and the law of social enterprise. He received his LL.M. (Taxation) from New York University in 1987, where he served as graduate editor of the Tax Law Review. He is a graduate of the University of Arkansas School of Law (1986), where he was editor-in-chief of the Arkansas Law Review. He received his undergraduate degree from Vanderbilt University (1983). Professor Brewer researches and writes extensively on the legal and tax aspects of nonprofit organizations, business organizations, and social enterprise organizations. He is a co-author (with Elizabeth Minnigh and Robert Wexler) of “Social Enterprise by Non-Profits and Hybrid Organizations,”BNA Bloomberg T.M. #489-2nd (2018) and was a co-editor and co-author (with Dennis Young and Elizabeth Searing) of “The Social Enterprise Zoo: A Guide for Perplexed Scholars, Entrepreneurs, Philanthropists, Leaders, Investors and Policymakers,” Edward Elgar (2016). He also is a frequent speaker at conferences and workshops concerning corporate tax, partnership tax, nonprofit, and social enterprise topics. Prior to his academic career, Professor Brewer practiced law as a tax attorney in Atlanta for over 24 years, the last 12 of which he served as a partner and practice leader in the tax group of Morris, Manning & Martin LLP.

James M. Delaney, Winston S. Howard Distinguished Professor of Law / Laramie, WY
James Delaney was appointed assistant professor at the University of Wyoming College of Law on August 26, 2003, and was granted tenure in 2009. Professor Delaney serves currently on the faculty as the Winston Howard Distinguished Professor of Law. From July 2013 through August 2016, he served as the Associate Dean of Academic Affairs for the College of Law.  In 2012-2013, he was appointed as the Counsel to the Chief Judge of the United States Tax Court in Washington, D.C.  Before joining the Wyoming law faculty, Professor Delaney was a senior associate at Perkins Coie, LLP, Seattle, Washington. At Perkins Coie, LLP, he advised international and domestic clients on U.S. Federal tax matters in relation to corporate, partnership, estate, gift, and generation skipping transfer tax planning. Prior to his tenure with Perkins Coie, LLP, Professor Delaney served as an Attorney Advisor to the Honorable Robert P. Ruwe, Judge, United States Tax Court. He also served as a student editor of the Florida Tax Review and notes and comments editor of the Gonzaga Law Review. Professor Delaney's scholarly interests include domestic and international tax law with a focus on U.S. federal income, estate, gift, and generation skipping transfer tax.  He currently teaches courses in Federal Income Taxation, Taxation of Business Entities, Estate and Gift Taxation, Estate Planning, and Contract Law. 

Bruce McGovern, South Texas College of Law Houston / Houston, TX
Bruce McGovern is a member of the faculty at South Texas College of Law Houston, where he also serves as Director of the school’s Low Income Taxpayer Clinic.  Previously, he served for many years as the school’s Vice President and Associate Dean for Academic Administration.  He received his undergraduate degree from Columbia University, his law degree from Fordham University School of Law, and an LL.M. in Taxation from the University of Florida Levin College of Law, where he taught as a visiting faculty member before joining the faculty at South Texas College of Law Houston.  Professor McGovern is a member of the Council of the State Bar of Texas Tax Section, a former Chair of the Houston Bar Association Section of Taxation, and a Fellow of the American College of Tax Counsel.