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Live Webcast Replay

ACPEN Signature: Consolidated Appropriations Act Update


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
Not yet rated
Category:
Accounting and Auditing |  ACPEN Signature |  Tax
Faculty:
C. Clinton Davis, CPA, JD
Course Levels:
Update
Duration:
2 Hour
License:
Access for event date only.

Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


Description

There are numerous new rules, tax extenders, changes and corrections in the Consolidated Appropriations Act enacted at the end of 2020.  Answers that were thought to be correct in early December are now changed.  Some extenders are permanent, some are for 5 years, some are for 2 years and some are for only 1 year.  Fortune magazine has called the new Corporate Transparency Act “the most important anti-corruption reform in decades” yet few know about it.  Maybe that’s because it was part of the National Defense Authorization Act.

Basic Course Information

Learning Objectives
  • Understand new rules, tax extenders, and updates in the Consolidated Appropriations Act
  • Clarify rules, and requirements around PPP Loans

 


Major Subjects
  • New reporting requirements for small business and privately owned entities under the Corporate Transparency Act
  • PPP Round 2
  • Deductibility of PPP Funded Expenses
  • Basis Effects of Forgiveness of PPP Loans
  • Authority to Waive Filing Requirements for PPP Loan Forgiveness
  • Educator Expenses for Protective Equipment
  • Changes to Farmer NOL Carryback Rules and Prior Elections
  • Modifications to the Payroll Tax Credit Rules
  • Employee Retention Tax Credit Modifications
  • Deferral of the Employee Portion of Payroll Taxes
  • Extended Charitable Deduction for Non-Itemizers
  • Temporary Increase of Business Meal Deduction to 100%
  • Tax Extenders
  • and More

Course Materials

Faculty

C. Clinton Davis, CPA, JD's Profile

C. Clinton Davis, CPA, JD Related seminars and products: 4

Krage & Janvey, L.L.P.


C. Clinton Davis, JR. practices law in the Dallas, Texas law firm of Krage & Janvey, L.L.P.  He was licensed in Texas in 1982, has been Board Certified in Tax Law by the Texas Board of Legal Specialization since 1988 and is a member of the College of the State Bar of Texas.  He has also been licensed as a Certified Public Accountant in Texas since 1980 and as an attorney in Florida since 1980.  Mr. Davis attended law school at Southern Methodist University and received his Juris Doctor degree, cum laude, in 1980.  At SMU, Mr. Davis was selected to membership in the Order of the Coif, an honor society limited to graduates in the top 10% of the graduating class.  Mr. Davis received his bachelor of science degree in accounting from Northwestern State University of Louisiana where he graduated first in his class.  Mr. Davis is a frequent speaker at CPE programs and conferences.  He is the author of the TSCPA programs Principles of LLC and Partnership Taxation:  An Introduction to Subchapter K, Navigating the LLC and Partnership Allocation and Basis Minefield, and LLC and Partnership Taxation for the Sophisticated Practitioner. 


Dates

Fri, Jan 29, 2021 - 08:00am to 10:00am CST
Fri, Jan 29, 2021 - 01:30pm to 03:30pm CST
Sat, Jan 30, 2021 - 12:00pm to 02:00pm CST
Wed, Feb 03, 2021 - 10:00am to 12:00pm CST
Wed, Feb 03, 2021 - 01:30pm to 03:30pm CST
Sat, Feb 06, 2021 - 11:00am to 01:00pm CST
Thu, Feb 11, 2021 - 08:00am to 10:00am CST
Thu, Feb 11, 2021 - 01:30pm to 03:30pm CST
Mon, Feb 15, 2021 - 10:00am to 12:00pm CST
Mon, Feb 15, 2021 - 01:30pm to 03:30pm CST
Sat, Feb 20, 2021 - 11:00am to 01:00pm CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Public Practitioners and Industry CPAs, EAs
Original Recording Date 01/2021
Yellow Book No
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 01/08/2021

Additional Information

Complaint Resolution Policy Please 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
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.
Course Registration Requirements Online Registration

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