About This Course:
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 webinar 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.
What You'll Learn: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