Tax Updates for 2021 Individual Planning and Due Diligence (Half-Day Webinar) (Completed)

Date: Wednesday, October 20, 2021
Instructor: Annette Nellen
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

The American Rescue Plan Act made many changes for individuals and 2020 COVID-19 legislative changes continue to affect 2021 returns. Changes affecting individual tax compliance and planning, including charitable contributions, passive activity losses, and various grants will be explained. IRS guidance and state tax changes affecting the SALT deduction for partners and S corp shareholders are covered. Highlights of changes to individual tax forms for 2021 are described. Finally, tax reform proposals are covered. Planning and due diligence reminders are addressed throughout this 4-hour federal individual tax update.

Topics Covered

  • American Rescue Plan Act changes
  • Treatment of various grants, loan forgiveness, and other COVID-19 items
  • Charitable contributions
  • Partner and S corp shareholder treatment of SALT workaround laws
  • Changes to individual tax forms for 2021
  • Key judicial cases
  • Legislative proposals
  • Planning and due diligence reminders

Learning Objectives

  • Recognize changes affecting individual ax compliance and planning
  • Identify changes to individual tax forms for 2021
  • Describe tax reform proposals


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation

 Chat — Books Support