2021 Tax Law Changes - CAA, ARPA & Other Developments - now only offered virtually

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  • Date/Time
    • Oct 28, 2021
    • Sign In: 7:45am (MT)
    • Program: 8:00am - 3:45pm (MT)
    • Add to Calendar
  • Location
    • ISCPA Enrichment Center
      1649 W Shoreline Drive #202
      Boise, ID 83702
    • Map
  • Credits
    • 8.00
  • Credit Type(s)
    • Taxation (8.00)
  • Vendor
    • Kaplan Financial Education
  • Level
    • Advanced
  • Fields of Study
    • Taxes
  • Message
    • 1/2 hour lunch included

Description

We did not have enough in-person registrants to justify flying Ed to Boise - please join us virtually

This fast-paced, one-day course covers the latest developments in federal taxation, updated continuously, with emphasis on real-world applications. The program offers an in-depth discussion of important legislation, guidance and developments, including the package of law changes in the Comprehensive Appropriations Act, 2021 and the American Rescue Plan Act. Ed will also review the items that expired from the CARES Act and the law that will apply to 2021 returns. Emphasis on current issues, planning, and strategy will keep you engaged.

Designed For

  • Tax advisors in public practice and corporate tax departments who want an up-to-the minute review of federal tax developments delivered in plain English.

Objectives

  • Understand and work with tax l aw changes
  • Analyze court decisions, IRS Notices, Revenue Rulings, and Revenue Procedures for application to clients’ tax planning and compliance
  • Be aware of IRS audit issues
  • Assess pending and enacted legislation
  • Anticipate and create opportunities for tax reduction
  • Avoid penalties IRC Sec. 6662 imposes on careless taxpayers

Highlights

The past twelve months have seen a number of tax changes, and this session will concentrate on the legislation passed during the year (CAA and ARPA), as well as additional developments including:

  • The major refund opportunities available for taxpayers in the three variations of the employee retention credit found in these laws, as well as the major IRS guidance provided in the area
  • Individual income tax benefits for 2021, including a greatly enhanced child tax credit and refundable child care credit.
  • The explosion of elective state entity level passthrough taxes, including in Idaho, and the IRS's concession that the taxes are an effective workaround for the $10,000 state and local tax deduction limit for individuals.
  • New, more taxpayer friendly required distribution amount tables for 2022
  • Final guidance on the use of TCJA's small business accounting methods, including the overall cash method of accounting for small businesses
  • Status in Congress of proposed tax changes for the rest of 2021: what provisions have an impact in 2021 or 2022?  Or will Congress end up not enacting any major changes.

 

Advanced Prep

  • Download Manual
  • Review ISCPA Parking Map

Register Now

Please see the event description for details on how to register for this event.

If you have any questions, please email us at cpe@idcpa.org.

Leaders

Ed Zollars

Ed Zollars

Edward K. Zollars, CPA is in public practice in Phoenix, Arizona as a partner with the firm of Thomas & Zollars & Lynch, Ltd. He has been in practice for over twenty five years, specializing in tax issues for closely held businesses and individuals.

Ed has been professionally involved with both tax and technology issues, combing the two disciplines in starting the first tax podcast (Ed Zollars Tax Update, produced weekly dealing with current tax issues. He has been a member of AICPA Tax Division Committees dealing with tax and technology issues, and was the Tax Section’s representative on three occasions to the AICPA’s Top Ten Technologies project. Ed is also a member of the Phoenix Tax Workshop’s Advisory Committee, and currently serves on the Tax Legislation Liaison Committee for the Arizona Society of CPAs.Ed was selected as a Life Member by the Arizona Society of CPAs in May of 2010.

Ed is a co-author of the Arizona Income Tax Guide published by the Phoenix Tax Workshop, and has written articles published in Practical Tax Strategies and the Tax Adviser. He has been a frequent contributor to a number of professional tax discussion groups, and served as systems operator on the AICPA’s Accountants Forum in the mid 1990s.

He has spoken regularly on tax and technology topics since 1996, speaking before conferences sponsored by the AICPA and a number of state society of CPAs.

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