The COVID-19 pandemic has ushered in a wave of legislation during 2020 impacting tax practitioners. Additionally, sweeping legislation concerning retirement plans was also enacted at the end of calendar year 2019. This course is a must for practitioners who wish to stay up to date on the latest changes to federal tax law impacting individuals. Topics covered in this course include:
- Updated individual filing amounts and notices impacting the 2020 filing year.
- Changes in federal tax law resulting from passage of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act).
- Changes in federal tax law resulting from passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Course Publication Date:
February 09, 2021
This course is available with
NO ADDITIONAL FEE if you have an active
all access membership or
ethics membership or can be purchased for
$30.00!
| Author: | Frank Castillo CPA |
| Course No: | TAX-FEDUPD-10400 |
| Recommended CPE: | 3.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
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Learning Objectives
- Recall various updated filing limits for tax year 2021.
- Identify the impact that IRS Notice 2020-65 may have on employees.
- Recall changes impacting retirement plan accounts resulting from passage of the Secure Act.
- Recall changes impacting 529 plans resulting from passage of the Secure Act.
- Recall changes impacting the “Kiddie Tax” resulting from passage of the Secure Act.
- Calculate the economic impact payment taxpayers would be entitled to in connection with the CARES Act.
- Recall extended tax filings deadlines resulting from passage of the CARES Act.
- Identify key tax updates concerning IRA distributions and loss limitation provisions upon passage of the CARES Act.
- Recall limitations employers may face when seeking to claim the Employee Retention Credit.