Federal Tax Update – Individual & Business Current Developments

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Individual income tax provisions

20 mins
Taxes, Penalties & Tax return filing issues

53 mins
IRA & Retirement plan tax provisions

89 mins
Charitable contribution modifications

113 mins
Child tax credit enhanced & New family credit

171 mins
Modification disqualified investment income test

206 mins
Premium assistance amount

247 mins
New Forms 1064, 1120-S and 8865 Schedules K-2 and K-3

349 mins
Temporary 100% deduction for business meals

385 mins

Course Description

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 webinar:

Discuss the most recent individual and business income tax legislation passed to date (e.g., SECURE and CARES Act, 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 concerning:

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 Speakers 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.

Free E-Book Worth $200

Get a copyright-protected E-Book related to a course worth $200 for absolutely free, if you register now. Limited Period offer!

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 CE 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.

Who Should Attend?

Accountant
Accounting Firm
Annual Filing Season Program
Bookkeepers & Accountants & Tax Preparers
California Registered Tax Professional
CPA - Mid Size Firm
CPA - Small Firm
Enrolled Agent
Financial Planner
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

Course Qualification

Webinar Qualifies For

8 General Credit for Accountant/Bookeeper
8 CE Credit of Federal Tax Law Update for Annual Filing Season Program (AFSP)
8 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0998)
8 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-01209-22-S)
8 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-01209-22-S)
8 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-01209-22-S)
0 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
8 CPE Credit for Certified Government Financial Manager (CGFM)
8 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
8 CE Credit for Certified Wealth Strategist (CWS)
0 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
0 CPE Credit of Taxes for Financial Services Certified Professional (FSCP)
0 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
0 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
0 CPD Credit of Taxes for Personal Financial Specialist (PFS)
0 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
0 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)
8 CE Credit of Tax Planning for Certified Financial Planner (US) (Approval No. 299089)

Additional details

Course Level :

Basic
Credits :

8
Instructional Method :

QAS Self Study
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

J. Patrick Garverick, CPA (US)

Accounting Manager, The Garvs, LLC

Pat Garverick is a Certified Public Accountant who currently lives in the Phoenix, Arizona area. He began his career in public accounting in 1988 after obtaining his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. After receiving his Master of Taxation (MT) degree from Arizona State University in 1992, Mr. Garverick began operating his own tax and financial planning business. He also started writing, reviewing, and teaching tax and financial planning continuing professional education courses around the country.

In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®). This role serves to enhance the knowledge he brings as he writes and presents continuing education material. Mr. Garverick is a member of the Arizona Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Pat has presented continuing education sessions throughout the country and has won awards for both his skills as an instructor as well as for the content he has created. His knowledge, expertise, and high energy have made him one of the profession’s most highly rated speakers. He is in a very small group of instructors that are both extremely knowledgeable and interesting.

During his time in college, Pat earned a letter as a member of the Ohio State Basketball squad. He remains a staunch supporter of the sports programs at his alma mater.

Awards & accolades

Multi-time winner of the California Education Foundation’s 1) Award for Instructor Excellence and 2) Award for Outstanding Course materials
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.

About Company

The Garvs, LLC

thetaxu.com/

Since 1993 award winning author and instructor J. Patrick “Pat” Garverick, CPA, MT, CFP® has been providing tax and financial training educational courses to business professionals through out the country. Pat is recognized as one, if not THE best tax instructor in the country.

Faq

FAQs content

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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.
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