CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

McNair, McLemore, Middlebrooks & Co. - 2021 Federal Tax Update - Part 1

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
3 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 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

  • Build Back Better Act, Consolidated Appropriations Act, Cares Act, SECURE Act, and other issuances.
  • Key provisions of Cares Act, in response to COVID-19.
  • 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.
  • TCJA revision of the individual mandate.
  • Various individual tax reform provisions.

Build Back Better Act

  • Retirement Tax
  • Real Estate
  • Estate Tax

Course Specifics

Course ID
ftu21-mmmcpa-pt1
Revision Date
October 18, 2021
Prerequisites

Basic knowledge of Taxation

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01893-21-O
IRS Federal Tax Update Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1656
CTEC Federal Tax Update 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 »

McNair, McLemore, Middlebrooks & Co. - 2021 Federal Tax Update - Part 1

Expert Instructors
CPE CREDITS
3 Credits: Taxes

$147.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
3 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 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

  • Build Back Better Act, Consolidated Appropriations Act, Cares Act, SECURE Act, and other issuances.
  • Key provisions of Cares Act, in response to COVID-19.
  • 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.
  • TCJA revision of the individual mandate.
  • Various individual tax reform provisions.

Build Back Better Act

  • Retirement Tax
  • Real Estate
  • Estate Tax

Course Specifics

Course ID
ftu21-mmmcpa-pt1
Revision Date
October 18, 2021
Prerequisites

Basic knowledge of Taxation

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01893-21-O
IRS Federal Tax Update Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1656
CTEC Federal Tax Update 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 »

McNair, McLemore, Middlebrooks & Co. - 2021 Federal Tax Update - Part 1

Expert Instructors
CPE CREDITS
3 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.

$147.00