Legislative Update

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

Child tax credit

5 mins
Budget proposals

14 mins
Small business stock, Wash sales

19 mins
What's happening with the infrastructure bill?

26 mins
Recovery startup businesses

38 mins

Course Description

"The House has passed the Build Back Better Plan, which provides for major tax changes, and we will discuss in the webinar"

The Senate action sets the stage for weeks of fierce negotiation and tough compromises, including for those seeking infrastructure funding “wins” and the targets of new “pay-for” measures to fund the bill, including through significant corporate, estate, and income tax increases, cuts to Medicare provider payments, and other measures.

The bipartisan infrastructure bill includes $550 billion in new spending with set-asides for roads, bridges, transit, and more. From a tax perspective, if enacted as written, this bill would terminate the Employee Retention Credit three months early at the end of the third quarter of 2021 (except for recovery start-up businesses) and would strengthen tax enforcement on transactions involving cryptocurrencies.

The infrastructure bill has received a lot of attention but other proposed legislature has recently been released which would also affect tax returns. This CPE webinar will cover the latest proposals and possible implications.

Major Topics covered in this online Latest Tax Update CPE/CE course:

Explanation of Infrastructure Bill
A breakdown of costs of specific parts of the Infrastructure Bill
The elimination of the ERC?

Which aspects of the ERC will take the hit?
Which aspects (if any) of the ERC will survive?
What is the cut-off for filing ERC claims?

Funding sources outside of taxation
Tax elements of the Infrastructure Bill
An understanding of President Joe Biden’s tax policies, ideas, and proposals with regard to the Infrastructure Bill
An understanding of potential tax policies, ideas, and proposals of other politicians
Potential legislative changes in individual income taxation
Potential legislative changes in business income taxation

Learning Objectives

To describe the tax changes in the infrastructure bill
To identify other proposed legislation
To review situation prior to recent legislation
To determine how to advise clients in the midst of uncertainty

Recommended For

This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, and Other Tax Professionals, interested in updating themselves about the latest infrastructure bill and other proposed legislation.
This Online CE webinar is recommended for PFS, TEP, CTEC, ChFC, CSA, FSCP, CASL, ChSNC, RICP, WMCP, and Others who desire to learn about the proposals in the infrastructure bill.

Who Should Attend?

Bookkeepers & Accountants & Tax Preparers
Business Owner
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
Certified Valuation Analysts
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Entrepreneurial CPA
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

Course Qualification

Webinar Qualifies For

1 CE Credit for Annual Filing Season Program (AFSP)
1 CPE Credit for Certified Management Accountants (CMA)
1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
1 CE Credit of Federal Tax Law Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00711-21-S)
1 CE Credit of Federal Tax Law Update for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0666)
1 CPE Credit for Certified Valuation Analyst (CVA)
1 CPD Credit for Personal Financial Specialist (PFS)
1 PL Credit for Chartered Financial Analyst (CFA)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CPE Credit for Chartered Financial Consultant (ChFC)
1 CPE Credit for Financial Services Certified Professional (FSCP)
1 CPE Credit for Chartered Advisor in Senior Living (CASL)
1 CPE Credit for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit for Retirement Income Certified Professional (RICP)
1 CPE Credit for Wealth Management Certified Professional (WMCP)
1 CE Credit of Federal Tax Law Update for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-U-00711-21-S)
1 CE Credit for Certified Senior Advisor (CSA)
1 CE Credit of Federal Tax Law Update for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-U-00711-21-S)
1 RCH Credit for Human Resource Certification Institute (HRCI) (Approval No. 583541)
1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1 CE Credit for Certified Wealth Strategist (CWS)
1 General Credit for Accountant/Bookkeeper (ACCT./BK)

Additional details

Course Level :

Basic
Credits :

1
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

Jason Dinesen, EA, LPA

President, Dinesen Tax & Accounting, P.C.

Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well known presenter of continuing education courses. He has an impeccable acumen for tax subjects, by virtue of which, he is known to create very well researched course materials helping individuals and businesses with accounting, bookkeeping, tax preparation, and business advisory in various industries.

Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics and much more.

He has presented over dozens of webinars on Form 1099 (MISC & R); marriage in the tax code; tax updates; the new Form W-4, payroll updates, filing status, tax credit and other issues relating to the modern-day household setting.

Moreover, Jason is known to be producing every other webinar/course a little different and updated from the previous one. No wonder, he is a top ranked presenter whose webinars and self-study course materials are very well received by the audience.

He also teaches 2 classes at Simpson College, Individual Income Tax and Business Analytics.

Jason always had a knack for radio shows and has and regularly features as an anchor for Radio Iowa. To reinvent this aptitude, he has recently started his own series of podcasts on myCPE ‘The Jason Show’, an edutainment podcast series that also provides continuing credits to the listeners.

Jason was born and raised in Iowa and has a degree in corporate communications from Simpson College in Indianola. He has a big family that includes his wife, two sons, 5 cats and 3 dogs. His other hobbies include coaching budding football players and carpentry. Topmost item in his 2022 bucket list is to learn how to properly ‘nose & taste’ whisky.

About Company

Dinesen Tax & Accounting, P.C.

www.dinesentax.com

Unlike some other accounting firms, when Dinesen Tax & Accounting, P.C. says we offer personal service, we mean it. When you come to us with your tax preparation needs, you’ll deal directly with our owner and president, Jason Dinesen. We don’t put administrative staff in the middle of you and our tax expert. That means you’ll always have first-hand knowledge of where things stand, and important information won’t slip through the cracks. We welcome all clients, but especially individuals who want the benefits of a long-term relationship with an accounting firm capable of handling anything that might come along with their taxes. We give all our clients the time, attention, and convenience they should expect. If you have a challenging professional or personal schedule, Jason will accommodate you by meeting whenever – and wherever – works best for you.

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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