With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a one-day fast-paced update course focusing on the hottest Federal income tax topics affecting individuals, businesses, and their owners with an emphasis on newly enacted income tax legislation.

This fast-paced CPE session is a comprehensive review of newly enacted income tax legislation, issuance of income tax regulations, court cases, IRS notices, revenue procedures, and private letter rulings affecting individuals and businesses. Each participant will receive a comprehensive manual with the hottest tax topics including Pat Garverick’s Quick Reference Chart.

Major topics included in this online Tax Update CE webinar:

Discuss the most recent individual and business income tax legislation passed to date (e.g., SECURE Act, CARES Act, and COVID-related Tax Relief Act of 2020 and Taxpayer Certainty & Disaster Relief Act of 2020)
Review the individual and business income tax provisions of the Tax Cuts & Jobs Act (TCJA) including but not limited to the 20% qualified business income (QBI) deduction; changes to the individual income tax rates, kiddie tax computation, AMT, personal exemptions, itemized deductions, child tax credit, and income exclusions; lower corporate income tax rates and AMT repeal, changes to NOLs, business loss limitations, interest deduction, accounting method changes, fringe benefits and entertainment expenses
Walkthrough major tax changes to corporations, partnerships, and/or individuals
Review any other income tax changes with respect to:

income, long-term capital gain tax, and dividend tax rates.
depreciation and §179 expense.
retirement plan and IRA contributions, distributions, and rollover rules.
alternative minimum tax (AMT).

Discuss other important IRS audit areas such as:

basis and at-risk limitations for S shareholders and partners.
passive activity losses and real estate professionals.
self-employment taxes.

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.

During this webinar, you will get Free E-Book worth $200. The book will be shared with you during the webinar. The book is copyright protected.

Learning Objectives

To discuss the major Federal income tax laws impacting individuals, C and S corporations, partnerships, LLCs, and LLPs.
To identify and comprehend any newly enacted legislation, changes, and IRS guidance affecting individual and business income tax returns.
To discuss key developments in tax legislation

Recommended For

This IRS-Approved CE course is recommended for CPA, EA, AFSP, and Other Tax professionals that need an in-depth training course on the latest individual and business tax developments.
This course is suitable for corporate tax professionals or Staff.
All in-house and public practice tax professionals will benefit from this timely and insightful tax update CE course.
Tax practitioners who would like an update on current developments in tax law in a way that is easy to understand and apply.