The Consolidated Appropriations Act of 2021 (AKA the new Stimulus passed Dec 22) is a massive 5,593 page omnibus bill that includes multiple updated and new tax provisions that you need to know about for the coming tax season. We'll unpack it all into usable and practical chunks to give you the knowledge you need to be able to properly service your clients and even unlock additional revenue opportunities in your practice.
• Stimulus Payments
• The tax extenders
• PPP Expense Deductibility and Forgiveness
• Paycheck Protection Program (PPP) round 2
• Paycheck Protection Program (PPP) round 1 changes
• SBA EIDL changes, additions and grants
• Employee Payroll Tax Deferral
• Disaster relief provisions
• MAJOR changes to Employee Retention Credit (ERC)
• Changes to depreciation
• Changes to the deductibility of various expenses on tax returns
• Retirement provisions
• Retroactive provisions back to tax year 2019 (EITC and CTC)
You don't want to miss this course! If you can't make the times we offer it live, you can register anyway and you'll get the recorded version after completion.
Participants earn 2.0 CE/CPE credits
About the Instructor:
Knox Wimberly is an Enrolled Agent, NTPI Fellow, and the CEO of Taxaroo. Knox is considered one of America's Tax Experts having taught practitioners and IRS staff from all across the country. Knox’s areas of expertise include the government stimulus programs, tax technology, and the taxation of clergy, cryptocurrency, cannabis, foreign earned income, estates (especially on the 1041 fiduciary return), S corporations, and trusts. His teaching style is easy to understand, detailed, thoroughly detailed, and even fun at times.
IRS Program Number: RUSSH-T-00050-20-O
Field of Study: Federal Tax Law Topics / Tax
Prerequisites: Basic knowledge of federal taxation in the United States.
Who Should Attend: CPAs, Enrolled Agents, Tax Preparers, Tax Attorneys
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
Refunds and Cancellations: Requests for refunds must be received in writing by December 22, 2020, and will be subject to a cancellation fee. No refunds will be granted after December 22, 2020. For more information regarding refund, complaint, and/or program cancellation policies please email us at firstname.lastname@example.org
Happy Tax dba CryptoTaxAcademy will be providing the CE/CPE for this webinar.
Happy Tax dba CryptoTaxAcademy.com 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
This webinar is FREE for all Taxaroo.com clients. Just one of the many value-added benefits of using the leading tax practice management software in the industry.