Recent Tax Developments (December 2021)

Author: Annette Nellen

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

These monthly update courses provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws.

Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.

Publication Date: December 2021

Designed For
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.

Topics Covered

  • Updates on the Build Back Better bill as it continues to be modified and move through Congress
  • Taxpayer First Act e-filing changes and proposed regs
  • COVID-19 tax updates including revenue procedures on PPP loan forgiveness and expenses
  • More 2021 tax form updates
  • IRS proposed regs for issuers (and recipients) of Forms 1095-B and 1095-C
  • Recent rulings on income, deductions, IRAs, property transactions, FBAR penalties, and more
  • Practice and procedure updates
  • Year end reminders
  • And more

Learning Objectives

  • Identify key developments from legislatures, tax agencies and the courts
  • Recognize law areas that were recently the subject of a ruling or law change
  • Identify law changes that may affect your clients and your practice
  • Identify the revised filing date for Kentucky tornado victims
  • Identify the 2021 married filing joint non-itemizer charitable cash deduction
  • Recognize which form relates to limitation on business losses

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $62.00

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