2021 Easy Federal Tax Update & Inflation Adjustments (9 hrs)

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Course Description

2021 Easy Federal Tax Update

This 2021 federal tax update course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed. 

Major Topics:
* Tax brackets
* Tax credits
* Deductions
* Education credits
* Business deductions & credits
* Retirement plan contribution and phaseout limits
* Gift and estate taxes
* Virus Related Treasury & IRS notices and pronouncements
* Families First Coronavirus Response Act paid leave requirements
* Modified income tax filing & payment deadlines
* CARES Act tax provisions

Course Information

Price: $77
This course is included in our Mega CPE Special and our Unlimited Tax Bundle

Course No. M149
Format: Online pdf (224 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: None
Advance Preparation:None
Level: Overview
CPE Credit: 9 hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2021


Upon completion of this 2021 federal tax update course participants should be able to:
  • Recognize the various issues affected by inflation and recent tax law developments especially as they relate to individual tax brackets, ex-emptions & deductions, the AMT, the child tax credit, alimony, HSAs, education plans, and energy credits.
  • Determine the key business tax issues affected by inflation adjust-ments and recent legislative changes, including corporate tax rates, en-tertainment expenses, tax credits & deductions, bonus depreciation, expensing, standard mileage rates, employment taxation, repatriation of foreign income, small business stock, partnership taxation, and ex-cessive compensation.
  • Specify differences between various retirement plans, including inflation-adjusted contribution limits and phaseout limits, and deter-mine estate taxes by identifying trust income tax rates and determining applicable exclusion amounts.
  • Identify permissible HSA payments, allowable FFCRA payroll tax credits and paid leave, postponement of tax filing and payment dead-lines, the Stafford Act.
  • Recognize the tax provisions of the CARES Act including recovery rebates, above-the-line charitable contributions, deferral of payroll tax, business loan forgiveness, employee retention credits, remote medical services, and unemployment benefits.
  • Identify the pandemic and tax provisions of the CCA including fiscal funding, credits, recovery rebates, PPP-2 loans, and tax extenders.

Ratings and Reviews

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What's your experience? We'd love to know!
Terri Washburn
Posted 1 month ago
Concise But Thorough Update of Major Tax Changes

Well written and organized. Will be easy to use as reference for client conversations and return preparation and guidance. Highly recommend this course if you prepare individual or small business taxes.

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