Monthly Tax Update (July) (Completed)

Date: Tuesday, July 27, 2021
Instructor: Annette Nellen
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

These monthly update webinars provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws.

Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.

Who Should Attend
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.

Topics Covered

  • Review and update on the Advance Child Tax Credit Payments - who should receive them, how and why to opt out; highlights of the 70+ FAQs
  • New IRS guidance and clarifications on COVID-19 tax law changes
  • Recent rulings on income, deductions, accounting methods, virtual currency and §1031, and more
  • Highlights of the new Schedules K-2 and K-3 for partnerships and S corps
  • IRS Dirty Dozen List for 2021
  • Practice and procedure updates and issues
  • Status of activity on tax proposals in President Biden's Build Back Better Plan
  • And more

Learning Objectives

  • Identify key developments from legislatures, tax agencies and the courts
  • Recognize law changes that may affect your clients and your practice

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None

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