This highly informative course will bring you up-to-speed on the latest in individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs. Continually updated for items regarding tax reform, including 2021 stimulus bill(s).
Learning Objectives
- Understand strategies and tactics to use in light of new legislation
- Understand how to nail down valuable deductions and other reductions to the tax base
Major Topics
- The CARES Act and FFCRA, including expanded leave programs and offsetting employer credits
- Select ARPA and Consolidated Appropriations Act of 2021 provisions
- Expanded child tax credit, child and dependent care credit, and earned income tax credit provisions under ARPA
- Economic Impact Payments and the Recovery Rebate Credit
- Donor Advised Funds
- Detailed review of Loss Limitation Rules
- Employee vs. Independent Contractor classification considerations
- The latest issues related to any other late-breaking tax law changes
