CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

2021 California Federal Tax Update: Retirement (Self-Study Video)

Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
1 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 self-study course 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 Retirement Tax Update will Identify the timing and impact of key provisions new legislation including:

  • Build Back Better Proposes Changes to Retirement Plans
  • CAA2021 Makes Small Change to Distributions
  • Cares Act Makes Changes in Response to COVID-19
  • SECURE Act Retirement and IRA Rule Changes
  • Plan Loan Rollover Dates Changed
  • Hardship Withdrawal Rules Revised
  • Inflation Adjustments Minimal for 2021
  • Self-directed IRAs get more attention
  • Prohibited Transactions Lose Taxpayer IRA Bankruptcy Protection
  • Prohibited Transactions Make Rollover Taxable

Learning Objectives

Upon successful completion of this course, participants will be able to identify the timing and impact of key provisions new legislation including:

IRA & Pension

  • 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 IRA rule changes
  • 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 Prohibited Transactions

Course Specifics

Course ID
8212831SSVID-1
Original Release Date
November 26, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

No Instructor Selected

2021 California Federal Tax Update: Retirement (Self-Study Video)

Expert Instructors
Format
CPE CREDITS
1 Credits: Taxes

$45.00

Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
1 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 self-study course 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 Retirement Tax Update will Identify the timing and impact of key provisions new legislation including:

  • Build Back Better Proposes Changes to Retirement Plans
  • CAA2021 Makes Small Change to Distributions
  • Cares Act Makes Changes in Response to COVID-19
  • SECURE Act Retirement and IRA Rule Changes
  • Plan Loan Rollover Dates Changed
  • Hardship Withdrawal Rules Revised
  • Inflation Adjustments Minimal for 2021
  • Self-directed IRAs get more attention
  • Prohibited Transactions Lose Taxpayer IRA Bankruptcy Protection
  • Prohibited Transactions Make Rollover Taxable

Learning Objectives

Upon successful completion of this course, participants will be able to identify the timing and impact of key provisions new legislation including:

IRA & Pension

  • 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 IRA rule changes
  • 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 Prohibited Transactions

Course Specifics

Course ID
8212831SSVID-1
Original Release Date
November 26, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

No Instructor Selected

2021 California Federal Tax Update: Retirement (Self-Study Video)

Expert Instructors
Format
CPE CREDITS
1 Credits: Taxes

$45.00