CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

2021 Individual Tax Update

Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement individual tax reform changes and review IRS and Court actions affecting 2019 tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy,

often humorous, presentation style using real-life experiences, which make complicated individual tax topics easily understandable.

 

Highlights include:

  • Timing and impact of new key provisions in the CARES Act
  • IRA transfers to charity complications because of SECURE
  • Key individual provisions including standard and itemized deduction and tax credit updates, and revisions to the 2020 Form 1040
  • Review of important real estate issues including foreclosure
  • Requirements for various tax credits and rebate reconciliation applicable to individual taxpayers.
  • Recent cases and rulings highlighting IRS audit issues on individual returns
  • IRA and retirement plan issues updated for SECURE
  • What are the 50 most important individual Tax Cuts and Jobs Act 2020 changes?
  • Learn over 50 new individual tax planning ideas after tax reform!
  • Will each of your clients pay more, or less, taxes after tax reform?
  • When will the loss of personal exemptions increase your client’s taxes?
  • Will the family tax credit make up for the loss of the personal exemptions?
  • Will the limit on the SALT deduction mean fewer of your clients will itemize?
  • When will the changes to the mortgage interest deduction hurt homeowners?
  • What do homeowners do after the repeal of the home equity debt?
  • When is it still possible to deduct interest on borrowing from one’s home equity?
  • How will your clients avoid the loss of his or her unreimbursed employee business expenses (Form 2106)? Help your client prepare an action plan!
  • Who else loses with the loss of the 2% miscellaneous itemized deductions?
  • When will AMT affect your clients?
  • How does the change to tax-free exchanges affect your clients? Cost seg. studies are more important now! Learn why.
  • Are investors hurt by tax reform? Not with proper planning!
  • Are retirees hurt by tax reform? Probably.
  • Are real estate rentals helped by tax reform? Some are!
  • What do your divorcing clients, and divorce attorneys, do in 2020?
  • Learn the latest updates on ACA and ‘Repeal and Replace’ developments!
  • How will the 20% capital gains tax +3.8% NII tax issues impact your clients?
  • What are the latest charity audit issues?
  • What are the credit rule changes?
  • Is FBAR and FATCA reporting still important? You bet!
  • What are the latest tax issues for online rentals?
  • How does the IRS clarification on who is and isn’t a real estate professional impact your clients?
  • What are the latest estate and gift thresholds? Is estate planning still necessary?
  • Your materials will include comprehensive examples and client letters on various parts of tax reform!

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify key provisions of new legislation including The Cares Act, TCJA and other issuances.
  • Identify key provisions of TCJA including implications of underpayments, form changes, standard and itemized deduction changes, tax credits, and other aspects of the 1040.
  • Identify requirements for various tax credits applicable to individual taxpayers.
  • Identify relevant provisions of ACA applicable to taxpayers in the current year.
  • Learn the various individual tax reform provisions.
  • Discuss notices and regulations from the IRS to implement tax reform.
  • Explain to your clients how tax reform impacts their tax bill.
  • Enumerate planning ideas for individual tax reform.
  • Accurately prepare returns for individual taxpayers considering tax reform.
  • Convey details of the Affordable Care Act (ACA) and current developments in ‘Repeal and Replace.’
  • Understand and apply the various IRA and Roth IRA rules to properly utilize these vehicles for retirement and tax planning.
  • Identify tax issues and apply regulations related to real estate and investment property.
  • Identify top estate planning ideas for clients with small estates.
  • Apply the many other individual tax changes applicable for 2020 returns (these will be updated throughout the year).

Course Specifics

Course ID
21CKauai-LE20226939
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01800-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292833
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1590
CTEC Federal Tax Update Credits: 6

Course Instructor

Mark Seid Headshot
Mark Seid, EA, CPA, USTCP

Mark F. Seid, EA, CPA has an active tax practice in Paso Robles, California specializing in small businesses and tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.

2021 Individual Tax Update

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 44 in stock

Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement individual tax reform changes and review IRS and Court actions affecting 2019 tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy,

often humorous, presentation style using real-life experiences, which make complicated individual tax topics easily understandable.

 

Highlights include:

  • Timing and impact of new key provisions in the CARES Act
  • IRA transfers to charity complications because of SECURE
  • Key individual provisions including standard and itemized deduction and tax credit updates, and revisions to the 2020 Form 1040
  • Review of important real estate issues including foreclosure
  • Requirements for various tax credits and rebate reconciliation applicable to individual taxpayers.
  • Recent cases and rulings highlighting IRS audit issues on individual returns
  • IRA and retirement plan issues updated for SECURE
  • What are the 50 most important individual Tax Cuts and Jobs Act 2020 changes?
  • Learn over 50 new individual tax planning ideas after tax reform!
  • Will each of your clients pay more, or less, taxes after tax reform?
  • When will the loss of personal exemptions increase your client’s taxes?
  • Will the family tax credit make up for the loss of the personal exemptions?
  • Will the limit on the SALT deduction mean fewer of your clients will itemize?
  • When will the changes to the mortgage interest deduction hurt homeowners?
  • What do homeowners do after the repeal of the home equity debt?
  • When is it still possible to deduct interest on borrowing from one’s home equity?
  • How will your clients avoid the loss of his or her unreimbursed employee business expenses (Form 2106)? Help your client prepare an action plan!
  • Who else loses with the loss of the 2% miscellaneous itemized deductions?
  • When will AMT affect your clients?
  • How does the change to tax-free exchanges affect your clients? Cost seg. studies are more important now! Learn why.
  • Are investors hurt by tax reform? Not with proper planning!
  • Are retirees hurt by tax reform? Probably.
  • Are real estate rentals helped by tax reform? Some are!
  • What do your divorcing clients, and divorce attorneys, do in 2020?
  • Learn the latest updates on ACA and ‘Repeal and Replace’ developments!
  • How will the 20% capital gains tax +3.8% NII tax issues impact your clients?
  • What are the latest charity audit issues?
  • What are the credit rule changes?
  • Is FBAR and FATCA reporting still important? You bet!
  • What are the latest tax issues for online rentals?
  • How does the IRS clarification on who is and isn’t a real estate professional impact your clients?
  • What are the latest estate and gift thresholds? Is estate planning still necessary?
  • Your materials will include comprehensive examples and client letters on various parts of tax reform!

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify key provisions of new legislation including The Cares Act, TCJA and other issuances.
  • Identify key provisions of TCJA including implications of underpayments, form changes, standard and itemized deduction changes, tax credits, and other aspects of the 1040.
  • Identify requirements for various tax credits applicable to individual taxpayers.
  • Identify relevant provisions of ACA applicable to taxpayers in the current year.
  • Learn the various individual tax reform provisions.
  • Discuss notices and regulations from the IRS to implement tax reform.
  • Explain to your clients how tax reform impacts their tax bill.
  • Enumerate planning ideas for individual tax reform.
  • Accurately prepare returns for individual taxpayers considering tax reform.
  • Convey details of the Affordable Care Act (ACA) and current developments in ‘Repeal and Replace.’
  • Understand and apply the various IRA and Roth IRA rules to properly utilize these vehicles for retirement and tax planning.
  • Identify tax issues and apply regulations related to real estate and investment property.
  • Identify top estate planning ideas for clients with small estates.
  • Apply the many other individual tax changes applicable for 2020 returns (these will be updated throughout the year).

Course Specifics

Course ID
21CKauai-LE20226939
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01800-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292833
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1590
CTEC Federal Tax Update Credits: 6

Course Instructor

Mark Seid Headshot
Mark Seid, EA, CPA, USTCP

Mark F. Seid, EA, CPA has an active tax practice in Paso Robles, California specializing in small businesses and tax controversy. A National Tax Practice Institute graduate, Mark is admitted to practice before the U.S. Tax Court. He has served as an Internal Revenue Agent with the IRS in San Jose and San Luis Obispo, California, a state director for the California Society of Enrolled Agents, and the chair for the society’s Finance and Budget committee. He regularly presents courses to tax professionals on issues affecting small businesses.

2021 Individual Tax Update

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$590.00

Availability: 44 in stock