Self-Study Video

2021 California Federal Tax Update: Retirement (Part 2) (Self-Study Video)

1 Credits: Taxes


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2021 California Federal Tax Update: Retirement (Part 2) (Self-Study Video)

Self-Study Video
Course Level
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
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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
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Course Specifics

Course ID
Revision Date
December 20, 2021


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01950-21-S
IRS Federal Tax Update Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1690
CTEC Federal Tax Update Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Karen Brosi Headshot

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 …

Sharon Kreider Headshot

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 …