4 Hour Live Virtual training on Federal Tax Update for Businesses

In this Federal Tax Update for Businesses course, tax advisors will be completely updated on the most current legislation and IRS guidance, in addition to most important trends at the horizon with a view closer to making plans considerations.

Productivity

4 Hours

Description

If last year was action packed, this year promises to be even more so. Join expert, Greg White, CPA, as he provides an update on the recent changes you need to navigate through the maze of tax legislation and cases that affect business clients.

Course Objectives

    Identify which meals are eligible for the 100% deduction in 2021 and 2022.

Identify taxpayers who qualify for the retention credit

Identify and calculate the Families First credit for self-employed taxpayers.

Identify and apply new tax rules from the Consolidated Appropriations Act

Target Audience

Tax practitioners looking for an update on legislation, case law and administrative releases during the 2021 tax year.

Basic Understanding

There are no prerequisites

Course Content

No sessions available.

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4 Hour Live Virtual training on Federal Tax Update for Businesses

Session 1: Highlights of the American Rescue Plan

  1. Extension of the retention credit.
  2. New “recovery startup business” eligibility for the retention credit.

Session 2: Highlights of the Consolidated Appropriations Act.

  1. 100% deduction for restaurant meals

    Does this cover coffee shops and takeout meals?

Session 3: Important new cases involving:

  1. S corp shareholder loans.
  2. How to fix terminated S corporation status.
  3. Estimating expenses when precise totals aren’t available.

Session 4: The Families First COVID credit for self-employed taxpayers.

  1. It’s been extended into 2021.
  2. What's the change, and how will it impact your practice?

Session 5: New legislative proposals

  1. American Families Plan

    Will some capital gains be subject to a tax rate of 43.4%

  2. American Jobs Plan

    Will the tax rate for C corps go up to 28%?

Session 6: New emphasis in IRS audits affecting S corps and partnerhsips.

No lectures available

Session 7: New deductible state income taxes on entities (deductible above-the-line)

No lectures available

Coupons

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