Federal Tax Update 2020
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
  
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.

CPE Depot Inc. 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.

Sponsor Number: 109423

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