2021 Spring Tax Update

Featuring the CAA & ARPA
(Full-Day or 2 Half-Days)

By: Prof. John Connors

CREDITS: 8

CATEGORY: Taxation

SPEAKER: Prof. John Connors, CPA, JD, LLM

DATE: Tuesday June 8, 2021
(or 2 Half-Days option 6/8 & 6/9)

TIME: Full Day Option: 8:50 A.M. - 5:10 P.M. Eastern 8:50 - 10:45 Welcome & Lecture
10:45 - 11:00 Coffee Break
11:00 - 12:30 Lecture
12:30 - 1:30 Lunch (on your own)
1:30 - 3:15 Lecture
3:15 - 3:30 Coffee Break
3:30 - 5:00 Lecture
5:00 - 5:10 Wrap-up

Half Day Option: 12:00 - 3:40 P.M. Eastern on each day.

LOCATION: All New Pre-Recorded Webinar

NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!

Combining the real-life experience of working with numerous CPA firms and tax professionals around the country, as well as comprehensive easy-to-read materials containing pertinent examples and illustrations, this powerful course essentially becomes a “must” for those practitioners needing a forum to review client issues that arose during this busy season which will certainly go down as one of the most difficult and confusing to-date, causing many returns to be extended (or, amended). Also, critical tax issues and mid-year planning strategies for 2021 will be thoroughly covered, along with the most important tax developments, cases, IRS rulings and regulations over the last 6 months that we maybe only had a chance to glanced at, given the bombardment of information and issues contained in the COVIDTRA and ARPA. Click here to view a detailed course description.

Topics & Learning Objectives Include:

  • Comprehensive coverage of American Rescue Plan Act and CCA - COVIDTRA
  • Continuing impact of SECURE Act, Tax Extenders Act and CARES Act on 2021 tax year
  • Prospects for significant corporate and individual tax increases
  • Requirements for various tax credits and rebate reconciliation applicable to individual taxpayers
  • Latest update on Employer Retention Credit and other payroll tax credits -
  • Handling special $10,200 exclusion for unemployment benefits
  • Interaction of possible Sec. 1256 “tax shelter” classification and TCJA “small business” accounting changes/elections
  • When should Form 3115 be filed for “small business” accounting changes and negative Sec. 481 adjustments
  • Continued evaluation of “choice-of-entity” issues and how best to operate under current tax environment
  • Update on client opportunities with TCJA “Opportunity Zones”
  • Special coverage of “centralized partnership audit rules” and what they mean for our clients going forward
  • IRS requirement for tax basis reporting of partner capital accounts
  • Review of new S corp owner basis requirement statement on Schedule E
  • Implementation of new Sec. 461(l) “excess loss deduction” limits for 2021
  • Impact of SALT cap on deducting allocable taxes on Form 8960 for 3.8% Medicare surtax
  • Interaction of SALT cap and “tax benefit” rule for 2020 state/local income tax refunds
  • Temporary 100% deduction for “restaurant meals”
  • QIP issues with MACRS 15-year classification and eligibility for bonus depreciation
  • Coverage of the latest IRS guidance and issues on Sec. 199A deduction

Click On The Video Below To View A Demo of Prof. Connors

Prof. John Connors is one of the most knowledgeable tax lecturers in the nation. He has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.

  • Program Level: Overview
  • Prerequisites: Basic Knowledge of Federal Taxation
  • Advance Preparation: None Required
  • $295.00 $255.00
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