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Self-Study Video

2021 Federal Tax Update – Individual (Self-Study Video)

Individual
Teams

$177.00

Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

4 Credits: Taxes
Course Level
Update
Format
Self-Study Video

Course Description

Combining the real-life experience of a practicing CPA with essential down-to-earth tax materials in a high-tech format, this powerful presentation will enable participants to quickly understand and implement individual tax reform changes and review IRS and Court actions affecting  tax returns. You’ll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code, tax court decisions, and other primary authorities, making it extremely convenient. Join us as our world-class tax instructors share cutting-edge tax planning strategies in a high energy, often humorous, presentation style using real-life experiences, which make complicated individual tax topics easily understandable.

Highlights include:

2021 Federal Tax Update: Individual Returns, will Identify the timing and impact of key provisions new legislation including:

  • Consolidated Appropriations Act of 2021 makes changes for 2020 and 2021
  • American Rescue Plan Act makes temporary changes to 2021
  • Third round stimulus payments are reconciled on 2021 returns
  • Child tax credit, childcare credit and earned income credit expanded by ARPA
  • ACA premium subsidies increased
  • IRA transfers to charity complicated by SECURE
  • Paying with virtual currency is a reportable sale
  • Elimination of alimony deduction affects all divorcing couples
  • Foreign asset reporting still on exam hit list
  • Recent cases and rulings highlight IRS Audit issues
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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify key provisions of new legislation including Build Back Better Act, Consolidated Appropriations Act, Cares Act, SECURE Act, and other issuances.
  • Learn key provisions of Cares Act, in response to COVID-19.
  • Understand the  requirements for various tax credits applicable to individual taxpayers.
  • Learn the various individual tax reform provisions.
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Course Specifics

Course ID
8212816SSVID
Revision Date
November 17, 2021
Prerequisites

None

Advanced Preparation

None

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01908-21-S
IRS Federal Tax Update Credits: 4
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1671
CTEC Federal Tax Update Credits: 4

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE 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, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award …

Vern Hoven, CPA, MT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and produces self-study and webcasts courses as well. Vern consistently receives outstanding evaluations and has won numerous teaching awards, including the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education. Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. His presentation skills have earned him the coveted Certified Speaking …

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