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Don Farmer's 2021 Federal Tax Update Simulcast

 Mon, 12/13/2021 from 8:00 am to 4:00 pm
 Online
 
8.0
22 / 3-204W
Hot Event
Registration is Open
Member Price
$275.00 Early Registration (through 11/30/2021)
Your Price
$400.00 Early Registration (through 11/30/2021)
Designed For:

Individuals having one or more tax seasons and a general understanding of individual, corporate and business income taxation who are involved in the preparation and/or review of individual, corporate and business income tax returns or who provide tax planning advice to individuals and businesses

Prerequisite:

At least one tax season

Review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. We will emphasize all major new tax legislation as well as other significant tax developments that affect 2021 tax return preparation and 2021 tax planning for individuals, corporations and non-corporate businesses.

The course format is designed to update CPAs with various levels of experience.

Major subjects include:

  • A review of the latest new law provisions effective for 2021, such as:
    • The expanded employee retention credit (including maximizing the credit and PPP loan forgiveness)
    • Extended sick leave and family leave credits
    • Extension of excess business loss limitations through 2026
    • Up to $10,200 exclusion for unemployment benefits
    • Stimulus payments and rebate credit
    • Increased child tax credit and dependent care credit
    • Tax-free forgiveness of student loans
    • 100% deduction for certain business food and beverage expenses
    • Increased charitable contribution limitations
    • New revised rules for obtaining PPP loan forgiveness
    • And more
  • A review of any other significant 2021 tax legislation
  • Final regulations explaining the treatment of inventories and use of the cash method for taxpayers with average gross receipts of $26 million or less
  • Regulations extending life expectancies for determining RMDs from IRAs and qualified retirement plans
  • Other new tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses.
  • The presentation will emphasize tax planning opportunities resulting from these recent developments.


Delivery Method: Group internet-based
CPE Credit: Taxes
Program Level: Update

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.