CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

2021 Federal & California Tax Update: Business

Icon_Level
Credits
CPE Credits
8 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA/EA with essential down-to-earth tax
materials in a high-tech format, this in-depth webcast will enable participants to
grasp recent Federal and California tax changes. You’ll receive the most complete and up-to-date
course materials, written by renowned tax experts, Sharon Kreider and Karen Brosi.
Topics include:
• The Build Back Better Act, Consolidated Appropriations Act, American Rescue Plan Cares Act, TCJA, & SECURE Act.
• ACA applicable to taxpayers in the current year.
• Identify the impact to IRAs and rollovers as a result of TCJA.
California indexing, deductions, and limitations. Conformity and non-conformity with IRS
Rules. Explanation of, Build Back Better Act, Consolidated Appropriations Act, American Rescue Plan Cares Act, TCJA, & SECURE 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.
Highlights include:
2021 Individual Tax Update will Identify the timing and impact of key provisions new legislation including:
• Build Back Better proposes changes to retirement plans.
• Consolidated Appropriations Act 2021 makes changes for 2020 and 2021
• American Rescue Plan Act changes in response to COVID-19
• Third round stimulus payments are reconciled on 2021 returns
• Child tax credit, childcare credit and earned income credit expanded by ARPA
• ACA premium subsidies increased
• IRA transfers to charity complicated by SECURE
• Paying with virtual currency is a reportable sale
• Elimination of alimony deduction affects all divorcing couples
• Foreign asset reporting still on exam hit list
• Recent cases and rulings highlight IRS Audit

Learning Objectives

Upon successful completion of this course, participants will be able to identify the timing and impact of key provisions new legislation including:
Individual Returns
• Identify key provisions of new legislation including Build Back Better Act, Consolidated Appropriations Act, Cares Act, SECURE Act, and other issuances.
• Learn key provisions of Cares Act, in response to COVID-19.
• Understand the requirements for various tax credits applicable to individual taxpayers.
• Distinguish SECURE Act Retirement and IRA Rule Changes, applicable to taxpayers in the current year.
• Identify TCJA revision of the individual mandate.
• Learn the various individual tax reform provisions.
Build Back Better Act
• Retirement Tax
• Real Estate
• Estate Tax

Course Specifics

Course ID
21FCSouthSFO-02-LE21
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01944-21-I
IRS Federal Tax Update Credits: 8
CFP Provider Number: 3199
CFP Course Number: 297881
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1682
CTEC Federal Tax Update Credits: 5
CTEC State Credits: 3

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

Sharon Kreider Headshot
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 …

Sharon Kreider, CPA Read More »

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.

Karen Brosi Headshot
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 …

Karen Brosi, CFP, EA Read More »

2021 Federal & California Tax Update: Business

CPE CREDITS
8 Credits: Taxes

$327.00

Availability: 59 in stock

Icon_Level
Credits
CPE Credits
8 Credits: Taxes

Course Description

Combining the real-life experience of a practicing CPA/EA with essential down-to-earth tax
materials in a high-tech format, this in-depth webcast will enable participants to
grasp recent Federal and California tax changes. You’ll receive the most complete and up-to-date
course materials, written by renowned tax experts, Sharon Kreider and Karen Brosi.
Topics include:
• The Build Back Better Act, Consolidated Appropriations Act, American Rescue Plan Cares Act, TCJA, & SECURE Act.
• ACA applicable to taxpayers in the current year.
• Identify the impact to IRAs and rollovers as a result of TCJA.
California indexing, deductions, and limitations. Conformity and non-conformity with IRS
Rules. Explanation of, Build Back Better Act, Consolidated Appropriations Act, American Rescue Plan Cares Act, TCJA, & SECURE 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.
Highlights include:
2021 Individual Tax Update will Identify the timing and impact of key provisions new legislation including:
• Build Back Better proposes changes to retirement plans.
• Consolidated Appropriations Act 2021 makes changes for 2020 and 2021
• American Rescue Plan Act changes in response to COVID-19
• Third round stimulus payments are reconciled on 2021 returns
• Child tax credit, childcare credit and earned income credit expanded by ARPA
• ACA premium subsidies increased
• IRA transfers to charity complicated by SECURE
• Paying with virtual currency is a reportable sale
• Elimination of alimony deduction affects all divorcing couples
• Foreign asset reporting still on exam hit list
• Recent cases and rulings highlight IRS Audit

Learning Objectives

Upon successful completion of this course, participants will be able to identify the timing and impact of key provisions new legislation including:
Individual Returns
• Identify key provisions of new legislation including Build Back Better Act, Consolidated Appropriations Act, Cares Act, SECURE Act, and other issuances.
• Learn key provisions of Cares Act, in response to COVID-19.
• Understand the requirements for various tax credits applicable to individual taxpayers.
• Distinguish SECURE Act Retirement and IRA Rule Changes, applicable to taxpayers in the current year.
• Identify TCJA revision of the individual mandate.
• Learn the various individual tax reform provisions.
Build Back Better Act
• Retirement Tax
• Real Estate
• Estate Tax

Course Specifics

Course ID
21FCSouthSFO-02-LE21
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01944-21-I
IRS Federal Tax Update Credits: 8
CFP Provider Number: 3199
CFP Course Number: 297881
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1682
CTEC Federal Tax Update Credits: 5
CTEC State Credits: 3

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

Sharon Kreider Headshot
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 …

Sharon Kreider, CPA Read More »

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.

Karen Brosi Headshot
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 …

Karen Brosi, CFP, EA Read More »

2021 Federal & California Tax Update: Business

CPE CREDITS
8 Credits: Taxes

$327.00

Availability: 59 in stock