CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

All New and Current customers who purchase the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update or the 2021 Federal and California Update will get the Tax Advisory Complement Bundle for free.

NOTE:

  • New Federal Tax Update customers will get an immediate email with a coupon code for the free course once their Tax Update purchase is complete.
  • Current Customers that purchased the Premium, Plus, or Core (Total Value Package) 2021 Federal Tax Update will get an email with a coupon code to get the Tax Advisory Complement Bundle for free.

2021 Federal Tax Update

Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
32 Credits: Taxes

Course Description

The timing and impact of critical provisions of brand-new legislation. Including The Consolidated Appropriations Act of 2021 (which includes COVID-Related Tax Relief Act of 2020, Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act of 2020, Taxpayer Certainty and Disaster Tax Relief Act of 2020. American Rescue Plan Act of 2021, The Cares Act, TCJA, and other issuances. In addition, this course will cover, thresholds, phase-outs, and requirements, Foreign asset reporting, and ACA applicable provisions for taxpayers. Real Estate Taxation, Investments, Estates, Trusts, and Beneficiaries. Changes and impacts to the legislation, rules, and regulations related to rental activities. The taxability/excludable income of the related revenue. You’ll learn to cite rules and requirements under The like-kind exchange rules and Passive losses and understand the impact on taxpayers. Identify and appropriately apply the rules and regulations related to Real estate professionals and real estate transactions and Identify gift tax systems and their application to tax returns and the associated updates. The application of tax rules for businesses and changes and updates to the TCJA and the resulting guidance. The reporting of special situations such as large cash transactions, taxing cannabis, section 163(j) interest, Office-in-home deduction, and requirements for depreciation. Affordable Care Act(ACA), Cares Act, defining qualified businesses, specified service trade or business. Qualified business income and determine the taxpayers and business types that qualify for the QBI deduction. Identify new rules and regulations resulting from COVID-19 legislation related to partnerships, S Corporations, and C Corporations. Cite rules and regulations relating to Partnership, LLC, S Corporations, C Corporations, and audits by the IRS. Identify confidently:  Considerations by taxpayers and tax preparers related to assessments. The resolution of penalties imposed by the IRS. The rules and regulations related to paid tax preparers.

Learning Objectives

  • Cite the timing and impact of key provisions of new legislation, including The Consolidated Appropriations Act of 2021 (which includes COVID-Related Tax Relief Act of 2020, Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act of 2020, and Taxpayer Certainty and Disaster Tax Relief Act of 2020), American Rescue Plan Act of 2021, The Cares Act, TCJA and other issuances.
  • Identify key provisions of TCJA and impacts on key provisions by other more recent legislation.
  • Cite current thresholds and phase-outs for key provisions for 2021.
  • Identify requirements for various tax credits applicable to individual taxpayers.
  • Cite the key requirements and thresholds related to foreign financial asset reporting.
  • Identify relevant provisions of ACA applicable to taxpayers in the current year.
  • Identify changes to tax law due to The Appropriations Act, The Cares Act, and The Secure Act.
  • Identify the impact of IRAs and rollovers under various scenarios.
  • Cite characteristics of different retirement plans, account types, and differentiate the advantages and disadvantages.
  • Identify changes and impacts of recent legislation.
  • Cite the rules and requirements under the like-kind exchange rules.
  • Identify rules and regulations related to rental activities and the taxability or excludable of the related income.
  • Cite the rules and regulations related to passive losses and the impact on taxpayers.
  • Identify and appropriately apply the rules and regulations related to real estate professionals and real estate transactions.
  • Identify changes and updates in estate and gift tax systems and their application to tax returns.
  • Identify characteristics of new legislation passed to assist businesses during the coronavirus shut down and following it.
  • Identify various thresholds and limitations in effect for 2021 related to the application of tax rules for businesses.
  • Identify changes and updates as a result of TCJA and the resulting guidance.
  • Cite the rules and regulations related to reporting special situations such as large cash transactions, taxing cannabis, section 163(j) interest, office-in-home deduction, and requirements for depreciation.
  • Cite the rules and regulations related to the Affordable Care Act (ACA) and the Cures Act.
  • Cite the rules and regulations related to defining qualified businesses, specified service trade or business, and qualified business income and determine the taxpayers and business types that qualify for the QBI deduction.
  • Cite the rules and regulations related to new provisions in the tax code for 2021, including changes related to coronavirus relief, factors impacting the employer’s FMLA credit, and other legislative impacts.
  • Cite various thresholds and limitations relating to payroll taxes and other employee benefits.
  • Identify rules and regulations impacting domestic workers and statutory employees, the requirements of their employers, details of the Voluntary Classification Settlement Program (VCSP), and requirements for self-employment taxes.
  • Identify new rules and regulations resulting from Covid-related legislations related to partnerships, S Corporation, and C Corporations.
  • Cite rules and regulations related to partnership taxation and audits by the IRS.
  • Cite rules and regulations related to LLC and S Corporation taxation and audits by the IRS.
  • Cite rules and regulations related to C Corporation taxation and audits by the IRS.
  • Identify considerations by taxpayers and tax preparers related to the assessment and resolution of penalties imposed by the IRS.
  • Identify rules and regulations related to paid tax preparers.

 

Course Specifics

Course ID
8212773
Revision Date
July 16, 2021
Number of Pages
617
Prerequisites

Experience preparing tax returns.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01818-21-S
IRS Federal Tax Update Credits: 32
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1609
CTEC Federal Tax Update Credits: 32

Course Instructor

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …

Vern Hoven, CPA, MT Read More »

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 »

2021 Federal Tax Update

Format
CPE CREDITS
32 Credits: Taxes

$928.00$948.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Update
Credits
CPE Credits
32 Credits: Taxes

Course Description

The timing and impact of critical provisions of brand-new legislation. Including The Consolidated Appropriations Act of 2021 (which includes COVID-Related Tax Relief Act of 2020, Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act of 2020, Taxpayer Certainty and Disaster Tax Relief Act of 2020. American Rescue Plan Act of 2021, The Cares Act, TCJA, and other issuances. In addition, this course will cover, thresholds, phase-outs, and requirements, Foreign asset reporting, and ACA applicable provisions for taxpayers. Real Estate Taxation, Investments, Estates, Trusts, and Beneficiaries. Changes and impacts to the legislation, rules, and regulations related to rental activities. The taxability/excludable income of the related revenue. You’ll learn to cite rules and requirements under The like-kind exchange rules and Passive losses and understand the impact on taxpayers. Identify and appropriately apply the rules and regulations related to Real estate professionals and real estate transactions and Identify gift tax systems and their application to tax returns and the associated updates. The application of tax rules for businesses and changes and updates to the TCJA and the resulting guidance. The reporting of special situations such as large cash transactions, taxing cannabis, section 163(j) interest, Office-in-home deduction, and requirements for depreciation. Affordable Care Act(ACA), Cares Act, defining qualified businesses, specified service trade or business. Qualified business income and determine the taxpayers and business types that qualify for the QBI deduction. Identify new rules and regulations resulting from COVID-19 legislation related to partnerships, S Corporations, and C Corporations. Cite rules and regulations relating to Partnership, LLC, S Corporations, C Corporations, and audits by the IRS. Identify confidently:  Considerations by taxpayers and tax preparers related to assessments. The resolution of penalties imposed by the IRS. The rules and regulations related to paid tax preparers.

Learning Objectives

  • Cite the timing and impact of key provisions of new legislation, including The Consolidated Appropriations Act of 2021 (which includes COVID-Related Tax Relief Act of 2020, Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act of 2020, and Taxpayer Certainty and Disaster Tax Relief Act of 2020), American Rescue Plan Act of 2021, The Cares Act, TCJA and other issuances.
  • Identify key provisions of TCJA and impacts on key provisions by other more recent legislation.
  • Cite current thresholds and phase-outs for key provisions for 2021.
  • Identify requirements for various tax credits applicable to individual taxpayers.
  • Cite the key requirements and thresholds related to foreign financial asset reporting.
  • Identify relevant provisions of ACA applicable to taxpayers in the current year.
  • Identify changes to tax law due to The Appropriations Act, The Cares Act, and The Secure Act.
  • Identify the impact of IRAs and rollovers under various scenarios.
  • Cite characteristics of different retirement plans, account types, and differentiate the advantages and disadvantages.
  • Identify changes and impacts of recent legislation.
  • Cite the rules and requirements under the like-kind exchange rules.
  • Identify rules and regulations related to rental activities and the taxability or excludable of the related income.
  • Cite the rules and regulations related to passive losses and the impact on taxpayers.
  • Identify and appropriately apply the rules and regulations related to real estate professionals and real estate transactions.
  • Identify changes and updates in estate and gift tax systems and their application to tax returns.
  • Identify characteristics of new legislation passed to assist businesses during the coronavirus shut down and following it.
  • Identify various thresholds and limitations in effect for 2021 related to the application of tax rules for businesses.
  • Identify changes and updates as a result of TCJA and the resulting guidance.
  • Cite the rules and regulations related to reporting special situations such as large cash transactions, taxing cannabis, section 163(j) interest, office-in-home deduction, and requirements for depreciation.
  • Cite the rules and regulations related to the Affordable Care Act (ACA) and the Cures Act.
  • Cite the rules and regulations related to defining qualified businesses, specified service trade or business, and qualified business income and determine the taxpayers and business types that qualify for the QBI deduction.
  • Cite the rules and regulations related to new provisions in the tax code for 2021, including changes related to coronavirus relief, factors impacting the employer’s FMLA credit, and other legislative impacts.
  • Cite various thresholds and limitations relating to payroll taxes and other employee benefits.
  • Identify rules and regulations impacting domestic workers and statutory employees, the requirements of their employers, details of the Voluntary Classification Settlement Program (VCSP), and requirements for self-employment taxes.
  • Identify new rules and regulations resulting from Covid-related legislations related to partnerships, S Corporation, and C Corporations.
  • Cite rules and regulations related to partnership taxation and audits by the IRS.
  • Cite rules and regulations related to LLC and S Corporation taxation and audits by the IRS.
  • Cite rules and regulations related to C Corporation taxation and audits by the IRS.
  • Identify considerations by taxpayers and tax preparers related to the assessment and resolution of penalties imposed by the IRS.
  • Identify rules and regulations related to paid tax preparers.

 

Course Specifics

Course ID
8212773
Revision Date
July 16, 2021
Number of Pages
617
Prerequisites

Experience preparing tax returns.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01818-21-S
IRS Federal Tax Update Credits: 32
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1609
CTEC Federal Tax Update Credits: 32

Course Instructor

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …

Vern Hoven, CPA, MT Read More »

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 »

2021 Federal Tax Update

Format
CPE CREDITS
32 Credits: Taxes

$928.00$948.00

Clear