2021 Business Federal Tax Update: Part 2 (Half-Day Webinar) (Completed)

Date: Friday, October 22, 2021
Instructor: Greg White
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC

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.

Topics Covered

  • Highlights of the Budget Reconciliation proposals
    • House and Senate
    • Including proposal to allow some S corps to convert to partnerships (tax free!)
  • Highlights of the American Rescue Plan Act
  • The Families First COVID credit for self-employed taxpayers
    • It's been extended into 2021
    • What's the change, and how will it impact your practice?
  • Employee retention credit
    • Is the receipt of the credit tax-free?
    • Update on the retention credit
  • New guidance on §163(j) and real estate businesses
  • Important cases on the research credit
  • The final days of the research and development deduction
  • IRS spells out its position on the CPAR rules for imputed underpayments
    • Should we be electing out of CPAR for eligible clients?

Learning Objectives

  • Identify changes in the Tax Court's position on the research credit
  • 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


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation

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