CORONAVIRUS (COVID-19) STATEMENT – CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

2020-2021 California Tax Update

Delivery
Self-Study
CPE Credits
9
Level
Update
NASBA Category
Taxes FEDCAL
Prerequisites

General experience in tax preparation.

$261.00$291.00

Clear

Course Description

This course is an overview and summary of California Tax Changes for 2020-2021. Topics include:

California indexing, deductions, and limitations. Conformity and non-conformity with IRS Rules. Explanation of, CARES ACT, SECURE ACT and TAX CUTS & JOBS ACT. Definition and guidelines of California residents vs non-residents. Taxable income other State Tax Credit.  Domestic vs. Foreign Businesses for Corporations, LLC’s, and other business entities.

COVID-19 changes to CA audits and administration.

  • Understand changes to collection actions and appeals.
  • Understand changes to Penalties and Administrative Issues.
  • Understand Workers Classification CA style.
  • Understand the new collection requirements due to the Wayfair decision.
  • Understand issues involving the Cannabis industry.

Instructor

Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

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Karen Brosi, CFP, EA

Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips. Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life …

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Course Specifics

Course ID
SS8202701
Revision Date
June 23, 2020
Number of Pages
219
Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1484
CTEC Federal Tax Update Credits: 9

Learning Objectives

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

Chapter 1

  • Understand CA indexing, deductions, and limitations.
  • Understand CA credits and tax rates.
  • Prepare and file E filed returns and electronic payments.
  • Know what to do if you or a client is involved in a case of identity theft.

Chapter 2

  • Understand CA’s conformity and non-conformity with IRS Rules.
  • Understand whether CA conforms or not in regard to the CARES ACT, SECURE ACT and TAX CUTS & JOBS ACT.
  • Understand the new conformity and non-conformity issues.

Chapter 3

  • Know the definition and guidelines of CA residents vs non-residents.
  • Know what income is taxable by CA.
  • Understand the Other State Tax Credit.
  • Understand Domestic vs. Foreign Businesses for Corporations, LLC’s and other business entities.

Chapter 4

  • Understand COVID-19 changes to CA audits and administration.
  • Understand changes to collection actions and appeals.
  • Understand changes to Penalties and Administrative Issues.

Chapter 5

  • Understand Workers Classification CA style.
  • Understand the new collection requirements due to the Wayfair decision.
  • Understand issues involving the Cannabis industry.