2021 Federal Tax Update: Individual

Icon_Level
Update
Credits
CPE Credits
8 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 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:

2021 Federal Tax Update: Individual Returns, will Identify the timing and impact of key provisions of new legislation including:

  • Consolidated Appropriations Act of 2021 makes changes for 2020 and 2021
  • American Rescue Plan Act makes temporary changes to 2021
  • 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 issues

Learning Objectives

  • 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.
  • Learn the various individual tax reform provisions.

Course Specifics

Course ID
21FJacksonville-01-LE21
Prerequisites

Basic knowledge of Taxation

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01917-21-I
IRS Federal Tax Update Credits: 8
CFP Provider Number: 3199
CFP Course Number: 297632
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1673
CTEC Federal Tax Update Credits: 8

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

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 Federal Tax Update: Individual

Expert Instructors
CPE CREDITS
8 Credits: Taxes

$399.00

Availability: 73 in stock

Icon_Level
Update
Credits
CPE Credits
8 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 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:

2021 Federal Tax Update: Individual Returns, will Identify the timing and impact of key provisions of new legislation including:

  • Consolidated Appropriations Act of 2021 makes changes for 2020 and 2021
  • American Rescue Plan Act makes temporary changes to 2021
  • 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 issues

Learning Objectives

  • 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.
  • Learn the various individual tax reform provisions.

Course Specifics

Course ID
21FJacksonville-01-LE21
Prerequisites

Basic knowledge of Taxation

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01917-21-I
IRS Federal Tax Update Credits: 8
CFP Provider Number: 3199
CFP Course Number: 297632
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1673
CTEC Federal Tax Update Credits: 8

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

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 Federal Tax Update: Individual

Expert Instructors
CPE CREDITS
8 Credits: Taxes

$399.00

Availability: 73 in stock