Wolters Kluwer's Top Federal Tax Issues Course identifies those recent events that have developed into the current “hot” issues of the day. These tax issues have been selected as particularly relevant to tax practice in 2022. They have been selected not only because of their impact on return preparation during the 2022 tax season, but also because of the important role they play in developing effective tax strategies for 2022 and beyond.
This module reviews the American Rescue Plan Act of 2021: COVID-19 Pandemic Recovery.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: October 2021
Designed For
CPAs and Tax Professionals.
Topics Covered
- Expanded Unemployment Benefits
- Business Tax Provisions
- Individual Tax Issues
- Loans Available for Businesses
- Employer Filing Deadline Deferrals and Credits
- Miscellaneous Provisions
- Aid to Particular Industries
Learning Objectives
- Describe the key features of the American Rescue Plan Act of 2021 that apply to businesses and individual taxpayers
- Explain how provisions of these acts apply in common factual scenarios
- Identify how to determine whether taxpayers are eligible for provided benefits under the new legislation
- Recognize how the American Rescue Plan Act stimulus package applies
- Identify the interest rate on Paycheck Protection Program loans per year
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Jennifer Kowal
Jennifer Kowal, JD, has been a tax professor and the director of the graduate tax program at Loyola Law School in Los Angeles since 2003. Loyola’s graduate tax program offers an LL.M. in Taxation for attorneys and a Master in Tax Law for non-lawyers. Professor Kowal teaches courses in advanced income taxation, income tax timing issues, corporate taxation, and tax research, among others. Prior to teaching at Loyola, Professor Kowal taught in the International Tax Program at Harvard Law School.
She also practiced law with the firms of Irell & Manella in Los Angeles and Ropes & Gray in Boston, advising clients on the taxation of various business transactions, including cross-border, partnership and corporate structures. Professor Kowal holds a BS in Accounting with distinction from the University of Kansas, and a JD from UCLA School of Law, where she was a member of the Order of the Coif.