2021 Capital Gains Tax Deferral May Still be Available /Other 2021 Deductions Still Available for Some Taxpayers

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • MRTP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Investors still have time to defer 2021 Capital Gains Taxes.

By using the benefits of the Self-Directed Opportunity Zone Fund this deferral is possible:

  • Opportunity Zone (OZ) investments allow current tax deferral with potential tax-free gains if the rules are followed.
  • Some clients may still receive tax deferral on 2021 Capital Gains if they act before 9/11/2022.
  • Some taxpayers, those who own commercial real estate, may be able to generate 2021 deductions.

Even if you haven’t reviewed the Opportunity Zone language, here is what you need to know:

  • The Opportunity Zone Program allows for some taxpayers to have very long time frames to make elections for tax deferral of capital gains taxes. 
  • If you have a client who received capital gains from any type of partnership, either a regular partnership, LLC, S-Corp, or C-Corp, they likely have time to make elections for tax deferral of 2021 gains by utilizing the special benefits of the Opportunity Zone legislation.
  • Which deductions and there are many, some of your clients lose forever if they do not act now.

Learning Objectives

  • To analyze how you may be able to defer 2021 Capital Gains taxes due for certain clients.
  • To discuss how to more effectively plan for the client’s future capital gains taxation.
  • To analyze how Opportunity Zone programs may defer, reduce, or eliminate capital gains taxes.
  • To discuss other 2021 and 2022 tax deductions that are available for some clients.
  • To inspect deductions clients may lose forever if they do not act now.

Recommended For

  • This IRS-Approved CE/CPE webinar is recommended for CPA, EA, AFSPs, CTECs, Tax Professionals, Tax Directors, Tax Practitioners, and Tax Attorneys who have clients which have current, or future, capital gains.
  • This CE/CPE course is insightful for tax managers and tax professionals whose clients owning investment real estate desire to have more 2021 deductions, some of which if not claimed now, may be lost forever.

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Preparer
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0930)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01112-22-O)
  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01112-22-O)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01112-22-O)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Jamie Pope

Founder, J Pope Tax Consultancy

Jamie is Founder of J Pope Tax Consultancy. A frequent speaker and professional educator for CPA's and A&E Designers with a primary focus on Federal, State and Local utility Energy Tax Incentives, R&D Tax Credits and Engineering-Based Cost Segregation real estate solutions to help companies, property owners and top accounting firms across the country benefit from under-utilized tax benefits to increase cash flow and enhance profitability to maximize opportunities for success.

About Company

J Pope Tax Consultancy

www.jamiepope.com/

SENSIBLE SOLUTIONS


That’s why we work with the best and brightest through strategic partnerships with comprehensive tax solutions for your Commercial Real Estate ventures.

  • Each person is unique, so their tax solutions must be unique.
  • When it comes to providing tax strategies, it touches and effects both your personal and financial life.
FORWARD THINKING

  • Detailed analysis.
  • Comprehensive Reviews.
  • Take maximum advantage of every possible state and local tax benefit available in customized solutions for your unique and personal needs.
TAX AND OPPORTUNITY ZONES EXPERT

  • Jamie has worked with high net worth individuals and advisors on tax strategies for over 30 years.
  • Specializing in national client development, relationship management and strategic direction, he has been part of the evolving tax code that has provided opportunities for clients and businesses with tax challenges.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.4

406 Ratings

Excellent

211

Very Good

151

Average

40

Poor

4

Terrible

0

JL

Joseph Lisandrillo, EA

May 3rd, 2022

This was an excellent course on a subject that I was only vaguely familiar with for the most part. The presentation given by the instructor was very clear and concise and the pdf will be a helpful study aid and guide for further learning. Overall A+.

JM

Jennifer Mahood, EA

Jun 16th, 2022

This may have been my favorite seminar with very interesting presenter. So much information shared that will be valuable to myself a real estate investor and my clients at tax time. Very knowledgeable presenter. Thank you

PRL

Pearline R. Lewis

Jun 17th, 2022

Mr. Pope webinar was very interesting, I took a lot of notes and enjoyed the class. I really liked the 5 investors/buying strategies to reduce 2021/2022 taxes.

ST

Sharon Tennyson, CPA (US)

May 19th, 2022

It was a very interesting topic taught by a knowledgeable instructor!

DWSS

Donald W Stoker Stoker, Accountant, CPA (US)

May 19th, 2022

Enjoyed the seminar so much, want to go back and watch again.

2021 Capital Gains Tax Deferral May Still be Available /Other 2021 Deductions Still Available for Some Taxpayers

FREE

1 Credit

Subject Area

Taxes

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