Description
In this course, we review: current year developments, recurring problems, and planning ideas. Using a combination of humor and examples, we will focus on tax developments that affect 2021 individual income tax return preparation and planning. As time permits, we will also review the major areas of individual income taxation to fine tune practitioners for “tax season.”
Objective
This course is designed to: * Provide explanations and planning ideas relating to the latest 2021 tax developments impacting individuals, including the most recent guidance on provisions of the Tax Cuts And Jobs Act (TCJA), the SECURE Act, and the Taxpayer First Act * Help practitioners prepare for “tax season” * Review and update various tax law provisions and planning ideas affecting individuals * The course includes a reference Manual with each chapter containing basic rules, selected items of interest, 2021 developments, planning ideas, and listings of related IRS forms and publications * Where applicable, each chapter of the Manual includes a segment devoted to the impact of “TCJA” on that chapter’s topic.
Highlights
Review of Individual Income Taxation Including: * Key Provisions (including developments) of TCJA, such as: The Child Tax Credit; New Family Tax Credit; Excess Business Loss Limitation for Individuals; Changes in Tax Benefits Related to Education; Miscellaneous Itemized Deductions; Home Mortgage Interest; State and Local Taxes; Repeal Of Alimony Deduction; 20% §199A Deduction; and more! * Provisions of the SECURE Act Including New IRA and Qualified Plan Contribution and Distribution Provisions; New Kiddie Tax Rules; Modifications to 529 Plans; Etc. * Provisions of the Taxpayer First Act Affecting Individuals. * Planning Ideas, Including Planning With New Tax Legislation. * Important 2021 Regulations, Court Cases, Rulings And Other Non-Legislative Developments. * Affordable Care Act Developments Including Recapture of Advance Premium Tax Credits * Net Investment Income Tax Provisions * Forgiveness Of Indebtedness Exclusion Provisions. * Review Of Home Mortgage Interest, Investment Interest And Business Interest Rules. * Section 1031 [email protected] Exchanges. * Planning With The §121 Gain Exclusion For A Principal Residence. * Review Of The Home Office And Hobby Loss Rules. * Review Of Individual Tax Credits. * Charitable Contributions (Including Treatment As a §162 Trade or Business Expense). * Passive Activity Developments (Including Developments For Qualified Real Estate Professionals).
Who Should Attend
Individuals Who Prepare Individual Income Tax Returns or Who Are Involved in Individual Income Tax Planning.
Required Knowledge
Detailed Knowledge of Individual Income Taxation and Individual Income Tax Return Preparation.
Advanced Prep
At Least One “Tax Season.”
Event Speaker(s)
Additional Event Information
CLE program hours are subject to the review from the NC State Bar - Continuing Legal Education. CLE hours may differ from CPE hours and are based on the NC State Bar approval.
Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.
If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .
*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.
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Also Available As
Webcast
2022-12-14 08:30:002022-12-14 16:30:00 ET)Register >>
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Registration Fees
| Registration | Early Bird | Regular |
|---|---|---|
| NCACPA Member | N/A | $285.00 |
| Non-Member | N/A | $385.00 |
| Other CPA State Society Member | N/A | $285.00 |
The North Carolina Association of Certified Public Accountants 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/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.
