Individual Tax Update and Planning Strategies (ITUS)

Robert C. Lickwar, CPA, Lawrence K. Pon, CPA, Lance G. Weiss, CPA, CVA, Michael J. Tucker, J.D., CPA
  • 3
  • Update
  • Taxes

Individual course: $99
Best Value: All-Star Tax Season Pass
Volume Discounts: Click here for details.

Overview

Congress enacted the Infrastructure Investment and Jobs Act (IIJA)  in early November 2021, and may be taking a vote on a second major piece of tax legislation, the Build Back Better (BBB) Act quite soon. In addition to covering other important 2021 tax legislation, this program covers the tax provisions enacted in the IIJA and many individual tax-related provisions currently included in the BBB Act.

Major Topics:

  • IIJA tax-related provisions, including the termination of the Employee Retention Tax Credit and mandated cryptocurrency reporting
  • Build Back Better provisions currently proposed
  • Accessing the Child Tax Credit in 2021
  • 2021 rules for the child and dependent care credit
  • Medicare coverage for hearing care
  • Conservation easements
  • Coronavirus-related distributions (CRDs)
  • Qualified disaster-related distributions from qualified plans
  • COBRA health insurance coverage in 2021
  • Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs)

Learning Objectives

  • Understand the tax changes affecting individual taxpayers in 2021

Any tax practitioner who will be preparing individual income tax returns for 2021 

A basic understanding of the tax rules relating to individual income tax

None

Yes

Yes

Varies by state. Check back soon for details