Tax Reform in the 117th Congress (Completed)

Date: Wednesday, January 6, 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

Many major and minor tax proposals are likely to be addressed in the 117th Congress due to continuing COVID-19 issues, growing budget deficits, expiring provisions, and plans offered on the campaign trail. This program reviews and explains budget and other issues likely to be addressed with tax changes and what those tax change might be.

Topics Covered

  • Tax and budget issues facing the 117th Congress and why
  • Possible tax activities based on COVID-19 health and financial issues, budget needs, candidate proposals and pending issues including expiring provisions
  • How to analyze tax proposals and existing provisions in need of reform

Learning Objectives

  • Identify how to explain likely tax actions of the 117th Congress
  • Recognize and apply principles of good tax policy to better understand proposals and critique them

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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