CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Advance Child Tax Credit Payments

4.7 (263)

Lawrence Pon, CPA/PFS, CFP, EA, USTCP, AEP

Pon & Associates

Monday, July 12, 2021 | 04:00 PM EDT

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00594-21-O)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0568)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00594-21-O)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00594-21-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

passive activity loss limitations: working with the complex pal rules & real estate tax issues

(1)

Aug 02, 2021 | 09:00 AM EDT View Details

hiring professional fundraising consultants

Aug 02, 2021 | 09:00 AM EDT View Details

auditing remotely: using current technologies, techniques and methodologies to ensure proper audits during covid-19 pandemic

(1)

Aug 02, 2021 | 09:30 AM EDT View Details

manage your tax bill for 2020 and beyond!

(65)

Aug 02, 2021 | 09:30 AM EDT View Details

corporate external financial reporting decisions

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

everything you need to know about partnerships

(2)

Aug 02, 2021 | 10:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Aug 02, 2021 | 10:00 AM EDT View Details

excel accountant: pivot tables for data analysis

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

quickbooks: tricky & complex situations for advance learners

(31)

Aug 02, 2021 | 10:00 AM EDT View Details

12 powerful tax saving strategies for your small business owner clients

(6)

Aug 02, 2021 | 10:00 AM EDT View Details

forecasting in a time of uncertainty

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

financial modeling using excel

Aug 02, 2021 | 10:30 AM EDT View Details

fraud update - latest

(7)

Aug 02, 2021 | 11:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Aug 02, 2021 | 11:00 AM EDT View Details

best overview on individual tax updates latest (basic)

Aug 02, 2021 | 11:00 AM EDT View Details

Course Description

Your clients may be getting another letter from the IRS!  But wait, it may be good news.   

The IRS will be sending eligibility letters to families who qualify for the advance Child Tax Credit payments starting on July 15th.  More than 36 million families will be getting these letters.

How many of them are your clients?  

You will know when you start getting confused calls from your clients.

As part of the American Rescue Plan that was signed in the middle of tax season, not only did the child tax credit increased, it will be partially paid in advance.

Families who are eligible for the Child Tax Credit payments will receive a second personalized letter listing an estimate of their monthly payment

The IRS will be sending payments to taxpayers for the Advance Child Tax Credit Payments.  The IRS is setting up a portal to allow taxpayers to opt out of these payments or make adjustments to their information. Taxpayers are going to need your help! 

Major topics highlighted in this online CPE/CE webinar:

  • What are child tax credit payments?
  • What if you do not get a letter?
  • How does the IRS calculate the payment?
  • What is advance child tax credit eligibility assistant and how to use it? 
  • Are these payments taxable?

Learning Objectives

  • To discuss how to compute the amount of the child tax credit.
  • To discuss how to compute the amount that will be the Advance Child Tax Credit Payments. 
  • To calculate the two-tiered phase out amounts. 
  • To determine whether the taxpayer should opt out of these advance child tax credit payments. 
  • To explore the portals the IRS has on its website. 
  • To analyse the ways to increase the amount of the child tax credit. 

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Trust & Estate Tax Professional
  • Young CPA

Testimonial

Array
(
    [no_of_record] => 263
    [average] => 4.6806
)
 

4.7

(263)
71%
25%
3%
0%
0%

CO

Great overview of the advanced child tax credit. Will use in my day-to-day practice.

FR

Rewarding

SS

Made all my staff read the print out from the presentation,

BF

Learned a lot more about how the expanded tax credit was to work in the coming tax season.

CC

An excellent seminar with timely information.

MG

Great information & excellent knowledgeable speaker!