Gain a better understanding of current reporting requirements, IRS enforcement trends, and other current tax issues.
The coronavirus pandemic has created a myriad of new legislation and Congress is expected to pass more before the close of 2021. All of this legislation directly impacts the federal tax system by creating new tax laws and modifying existing laws and regulations. The ultimate burden for correctly implementing these tax changes falls on tax practitioners. This topic will review many of the current federal tax issues and reporting requirements for 2021. We will discuss current hot topics, such as pandemic tax credits, cannabis, digital currency, and PPP loan forgiveness. We will also discuss the new President's proposed tax reform and priorities and the potential effect on taxpayers.
Learning Objectives
- You will be able to recognize several aspects of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Consolidated Appropriations Act (CAA).
- You will be able to identify multiple reporting requirement changes.
- You will be able to identify areas of tax reform requested by the Biden administration.
- You will be able to recognize several tax law changes and updates under the current Biden administration.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Tax Law Changes and Update
- Coronavirus Aid, Relief, and Economic Security (CARES) Act
- Consolidated Appropriations Act, 2021
- American Rescue Plan Act (ARPA) of 2021
- Cannabis and Virtual Currency
Reporting Requirement Changes
- Changes to Tax Forms
- Pandemic Tax Credits
- PPP Loan Forgiveness
Tax Reform
- Biden Administration 'Green Book'
- Reform Corporate Taxation
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on May 11, 2023.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
William M. Gerhardt, J.D., LL.M. Taxation
Gerhardt Law Firm, PLLC
- Tax consultant for Gerhardt Law Firm, PLLC
- Works with individual and entity taxpayers providing tax consulting and business advisory services in all facets of federal income taxation
- Represents clients in tax controversy and dispute resolution cases before the IRS and the U.S. Tax Court
- LL.M. degree in taxation, University of Florida College of Law; J.D. degree, St. Mary’s University School of Law; B.A. degree, Vanderbilt University
- Can be contacted at 210-239-1396 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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