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Annual Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065)

Annual Federal Tax Update

8 Credits

$120

Subject Area

Taxes

Webinar Qualifies For

8 CPE credit of Taxes for all CPAs

8 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00335-20-S)

8 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0339)

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

8 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

8 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00335-20-S)

8 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00335-20-S)

8 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Dec 03, 2021 | 10:00 AM EST Register
Dec 10, 2021 | 10:30 AM EST Register
Dec 17, 2021 | 11:00 AM EST Register
Dec 24, 2021 | 11:30 AM EST Register
Dec 31, 2021 | 09:30 AM EST Register

Overview

  • Quick Reference Charts
    13 mins
  • Summary of the tax cuts & jobs act of 2017
    57 mins
  • Clarification of tax treatment of PPP loans
    90 mins
  • Payroll credit for required sick leave credits
    117 mins
  • Application to partnership & S corporations
    157 mins
  • QBI previously disallowed losses
    213 mins
  • Qualified transportation fringe
    276 mins
  • 2021 Schedules K-2 & K-3 released to enhance reporting of international tax matters by pass-through entities
    335 mins

Course Description

With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a one-day update course focusing on business income tax issues. This comprehensive online webinar will not only review the current Federal business income tax laws but will also update tax return preparers of new tax forms, changes to existing tax forms, as well as tax planning opportunities and pitfalls. 

This Online CPE/CE Webinar is a comprehensive review of the Federal business income tax provisions and tax forms/schedules that will affect the 2021 tax returns and tax projections with an emphasis on newly enacted tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive business income tax reference manual that includes numerous practice aids, real-world examples, new Federal income tax forms, and schedules, as well as Pat Garverick’s Quick Reference Chart.

This tax update online CPE/CE webinar covers the following key topics:

  • Discuss the SECURE & CURES Act business income tax provisions
  • Review the business income tax provisions of the Tax Cuts & Jobs Act (TCJA) including but not limited to A) The new lower corporate income tax rates and AMT repeal B) 20% qualified business income (QBI) deduction C) Changes to NOLs, business loss limitations, interest deduction, accounting method changes, fringe benefits, and entertainment expenses
  • Changes to Forms 1120, 1120S, and 1065 and other related schedules and forms
  • Recent changes to depreciation and §179 expense
  • Issues related to compensation, distributions, liquidations, self-employment taxes, and retirement plans

J. Patrick Garverick is one of the most admired and best-reviewed Tax Speaker in the country and we are offering the classes at a much-discounted price during the pandemic. His courses have been best-reviewed time and again 

  • For Quality of Content
  • For Relevance and Practical Case studies
  • For Best Teaching Approach
  • For Best Course Material

Awards and Accolades:

  • Award for Instructor Excellence for California Education Foundation
  • Award for Outstanding Course materials for California Education Foundation.
  • Rated top tax instructor in nearly every location he has presented 
  • One of the few instructors to have received perfect scores (multiple times) from attendees for both presentation skills and knowledge. 


Click here for more webinars on |Tax UpdatesTax Planning, etc.

Learning Objectives

  • To recognize the major Federal income tax laws impacting C & S corporations and their owners
  • To identify the major Federal income tax laws impacting Partnerships and their owners
  • To recognize the major Federal income tax laws impacting LLCs and their owners
  • To identify the major Federal income tax laws impacting LLPs and their owners
  • To identify and comprehend any newly enacted legislation, changes and IRS guidance affecting business income tax returns

Who Should Attend?

  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA