Once more, a year-end appropriations bill to fund the government also included numerous tax changes. The Consolidated Appropriation Act 2021 (CAA-21) includes over 60 tax changes affecting 2020 returns and beyond. Changes include COVID-19 related items, extenders and more. This webinar covers the changes, IRS guidance, issues, and planning points.
Publication Date: January 2021
Designed For
Practitioners seeking an understanding of the tax law changes included in CAA-21.
Topics Covered
- Understanding the Background of CAA”21
- COVID”19 Tax Changes in CAA”21
- Extenders and other tax items of CAA”21
- New issues and planning opportunities presented by CAA”21
- Reminders
Learning Objectives
- Recognize and explain key tax provisions of CAA-21
- Describe planning considerations presented by the tax provisions of CAA-21
- Identify what extends certain deferred payroll taxes
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
Instructor
Annette Nellen
Annette Nellen, CPA, CGMA, Esq., is a professor in and director of San Jose State University's graduate tax program (MST), teaching courses in tax research, accounting methods, property transactions, advanced individual taxation, employment tax, ethics, leadership, and tax policy.
Annette chairs the AICPA Digital Assets Tax Task Force and serves on the AICPA Disaster Relief Tax Task Force. She formerly served on the AICPA Tax Executive Committee, including 2.5 years as chair. She was the lead author of the AICPA tax policy concept statement #1, Guiding Principles of Good Tax Policy: A Framework for Evaluating Tax Proposals (2001, updated 2017), still in use today. Annette is also active with the tax sections of the ABA, CalCPA and California Lawyers Association. Annette is the recipient of the 2013 Arthur J. Dixon Memorial Award given by the Tax Division of the AICPA, the highest award given by the accounting profession in the area of taxation. In 2019, Annette was the recipient of the CLA’s Benjamin F. Miller Award for outstanding achievement and contribution in the field of state and local taxation law. Annette was included in Accounting Today's 2024 List of the Most Influential People in Accounting.
Annette is a regular contributor to Tax Notes State, authoring a column called Moving Forward? She is the author of Bloomberg BNA Tax Portfolio #533, Amortization of Intangibles. She is co-author and co-editor of four tax textbooks from Cengage. Annette has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform. She maintains the 21st Century Taxation website and blog (www.21stcenturytaxation.com). Prior to joining SJSU in 1990, Annette was with Ernst & Young and the IRS.