Update
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 grasp recent tax changes. 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 tax topics easily understandable. Specific course topics will be announced and updated through year-end.
- American Rescue Plan Extends Some Provisions
- Consolidated Appropriations Act Makes Changes to PPP Loan Forgiveness
- Consolidated Appropriations Act Provides a Second Round of PPP Loans
- Simplified PPP Loan Forgiveness Application Released for PPP Loans of $150,000 or Less
- Excess Business Loss Limit Reinstated and Extended
- NOL Carrybacks Eased
- Qualified Improvement Property “Glitch” Fixed
- Cannabis Sales Taxed
- Business Interest Deductions Limited
- Business (Restaurant) Meals 100% Deductible
- Depreciation Changes and Luxury Auto Depreciation Updated
- QBI Deduction Stays the Same
- Avoid Obamacare Form 226-J Penalties
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Convey details of the American Rescue Plan and Consolidated Appropriations Act.
- Identify changes to the PPP Loan Forgiveness and Second Round of PPP Loans.
- Recognize opportunities to use business credits.
- Summarize the different types of business retirement plans, assessing contribution limits, elective deferral limitations, and prohibited transactions.
- Compare qualified Roth contribution plans, SEPs, SIMPLE IRAs, and 401(k) plans, identifying the rules on loans to participants and hardship distribution rules to ensure compliance with tax regulations.
- Discuss income subject to self-employment tax and withholding from wages, and assess the impact of various withholding and wages issues.
- Determine the difference between an independent contractor and an employee and examine subsequent reporting requirements.
- Prepare federal tax returns for C corporations.
- Prepare federal tax returns for S corporations.
- Understand federal changes and new rulings.
- Provide tax services for clients based on IRS practice and procedure provisions.
- Describe new developments in IRS policies and procedures.
- Identify the requirements of filing an offer in compromise (OIC).
Course Specifics
|
Course ID 21CSanDiego-LE20227023 |
Prerequisites Experience preparing business tax returns. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01794-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292826
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01794-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292826
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1584
CTEC Federal Tax Update Credits: 6
CTEC Course Number: 2071-CE-1584
CTEC Federal Tax Update Credits: 6
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Alice Orzechowski, CPA, CMA, EA, was born and raised in Washington, DC. She holds BS degrees in Economics and Accounting from the University of Maryland, and an MS in Administration and Management from Hood College. She is licensed as a Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Alice has provided advice on tax-related matters in The Washington Post, The Frederick News Post, in various AARP publications, and on Wall Street Journal Radio, CNN, and Today’s Woman Television and is a national speaker on tax topics. Alice earned the CPA accreditation in 1976, and over the course of her …
Everybody's Critical Business Tax Issues in 2021
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Update
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 grasp recent tax changes. 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 tax topics easily understandable. Specific course topics will be announced and updated through year-end.
- American Rescue Plan Extends Some Provisions
- Consolidated Appropriations Act Makes Changes to PPP Loan Forgiveness
- Consolidated Appropriations Act Provides a Second Round of PPP Loans
- Simplified PPP Loan Forgiveness Application Released for PPP Loans of $150,000 or Less
- Excess Business Loss Limit Reinstated and Extended
- NOL Carrybacks Eased
- Qualified Improvement Property “Glitch” Fixed
- Cannabis Sales Taxed
- Business Interest Deductions Limited
- Business (Restaurant) Meals 100% Deductible
- Depreciation Changes and Luxury Auto Depreciation Updated
- QBI Deduction Stays the Same
- Avoid Obamacare Form 226-J Penalties
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Convey details of the American Rescue Plan and Consolidated Appropriations Act.
- Identify changes to the PPP Loan Forgiveness and Second Round of PPP Loans.
- Recognize opportunities to use business credits.
- Summarize the different types of business retirement plans, assessing contribution limits, elective deferral limitations, and prohibited transactions.
- Compare qualified Roth contribution plans, SEPs, SIMPLE IRAs, and 401(k) plans, identifying the rules on loans to participants and hardship distribution rules to ensure compliance with tax regulations.
- Discuss income subject to self-employment tax and withholding from wages, and assess the impact of various withholding and wages issues.
- Determine the difference between an independent contractor and an employee and examine subsequent reporting requirements.
- Prepare federal tax returns for C corporations.
- Prepare federal tax returns for S corporations.
- Understand federal changes and new rulings.
- Provide tax services for clients based on IRS practice and procedure provisions.
- Describe new developments in IRS policies and procedures.
- Identify the requirements of filing an offer in compromise (OIC).
Course Specifics
|
Course ID 21CSanDiego-LE20227023 |
Prerequisites Experience preparing business tax returns. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01794-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292826
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01794-21-I
IRS Federal Tax Update Credits: 6
CFP Provider Number: 3199
CFP Course Number: 292826
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1584
CTEC Federal Tax Update Credits: 6
CTEC Course Number: 2071-CE-1584
CTEC Federal Tax Update Credits: 6
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Alice Orzechowski, CPA, CMA, EA, was born and raised in Washington, DC. She holds BS degrees in Economics and Accounting from the University of Maryland, and an MS in Administration and Management from Hood College. She is licensed as a Certified Public Accountant, Certified Management Accountant, and Enrolled Agent. Alice has provided advice on tax-related matters in The Washington Post, The Frederick News Post, in various AARP publications, and on Wall Street Journal Radio, CNN, and Today’s Woman Television and is a national speaker on tax topics. Alice earned the CPA accreditation in 1976, and over the course of her …