CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Advance Child Tax Credit Payments

  • AFSP
  • CPA (US)
  • CFA
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
Advance Child Tax Credit Payments

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 PL credit for Chartered Financial Analyst (CFAs)

1 CPD credit (Verifiable) for CPA/PFS

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

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This Course is Also Available in Self Study (On-Demand)

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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 tax payers 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 an advance child tax credit eligibility assistant and how to use it? 
  • Are these payments taxable?

Click here to access CE webinars on Latest Tax Updates

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?

  • Accountant
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Financial Planner
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist
  • Tax Attorney
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.7

(280)
71%
25%
4%
0%
0%

MS

Instructor was fantastic. He was very well prepared

LS

a very helpful lecture on a confusing topic

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.