2021 Federal Income Tax Update - Part 2 - What's New and What's on the Horizon
Total Credits: 4 including 4 Taxes - Technical
- Average Rating:
- 27
- Categories:
- ACPEN Industry Institute | ACPEN Tax Institute | Tax
- Speaker:
- Arthur Werner
- Course Levels:
- Update
- Duration:
- 4 Hours
Description
As a tax professional, you are used to advising clients on year-end tax matters. 2021 is no exception. However, considering all the extraordinary issues that your clients have faced in these past few years, year- end planning for 2021 will be much more significant. The House Ways and Means Committee has released a report entitled “Responsibly Funding Our Priorities”. It includes proposed international, corporate, individual and retirement tax “reforms”. This course will provide you with a complete understanding of this proposal as well as integrated planning ideas that will direct your client’s year-end needs. The materials will include all updates in existence at the time of the lecture. In addition, we will opine on the probability of this proposal passing as law.
Basic Course Information
Learning Objectives- Recognize and complete various tax forms and other individual income tax returns for the 2021 tax season
Major Subjects
- Increase in corporate tax rate
- Increase in top marginal income tax rate
- Increase in capital gains rate
- Changes in Net Investment Income Tax rate to trade or business income of certain high-income individuals
- New QBI limitations for IRC §199A
- Limitation on excess business losses
- Surcharge on high-income individuals, trusts, and estates
- Elimination of higher unified credit
- Increase in limitation of IRC §2032A special use valuation
- Grantor Trust rule changes
- Reduction in valuation discounts
- Retirement plan contribution limitations for high-income taxpayers
- RMD increase for high-income taxpayers
- Elimination of “back-door IRAs
- Various IRA changes
- Many additional miscellaneous changes
- Year-end estate and gift planning ideas
- Year-end gifting ideas
- Charitable transaction planning
- Roth conversion ideas
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| Slides Handout (2.5 MB) | Available after Purchase | ||
| 2021 Federal Income Tax Update - Part 2 - What's New and What's on the Horizon_Q&A (12.3 KB) | Available after Purchase | ||
Speaker
Arthur Werner Related Seminars and Products
Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Additional Info
Basic Course Information
PrerequisitesA general understanding of tax compliance
Advanced Preparation None
Designed For CPAs, EAs, attorneys, and other tax professionals
Original Recording Date 10/11/2021
Yellow Book No
Course Developer Arthur Werner
Date Added to Catalog 10/05/2021
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, 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
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Promo Video
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