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
On-site : Not available; please select a webinar
Webinar : November 17, November 23
Broadcast Times

Individual course: $91
Best Value: All-Star Tax Season Pass
Volume Discounts: 
Click here for details.

Overview

2021 will challenge tax practitioners to deal with the issues the economy and the COVID-19 pandemic present for individual clients. The year started out with the American Rescue Plan Act, containing numerous individual related tax changes. There were also tax changes for 2020 that impact 2021.  In addition, with the new administration, additional tax relief and individual tax changes may take effect this year. This program will present and explain the individual tax changes impacting 2021 in a comprehensive, in-depth manner.

Major Topics:

  • Important American Rescue Plan Act changes impacting individual taxpayers
  • Individual taxpayer-related COVID-19 tax changes carried over to 2021 from 2020, including $1,400 stimulus checks, taxation of unemployment benefits, and subsidies for COBRA and ACA health insurance coverage
  • Tax provisions suspended for 2020 that become effective in 2021
  • IRS regulations, notices, and other pronouncements impacting individual taxpayers in 2021
  • 2020 individual tax law changes impacting individual taxpayers in 2021

Learning Objectives

  • Provide tax practitioners with an update regarding individual related tax changes for 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