Tax Update Self-Study Webinar (10 Hours)


Tax laws are constantly changing. Tax and financial professionals need to stay current to understand the impact of these changes and to minimize taxes. This practical self-study webinar provides a comprehensive update and an instant working knowledge of all key tax provisions. You’ll benefit from:

  • A detailed explanation of recent income tax legislation, including the Tax Cuts and Jobs Act of 2017
  • A detailed analysis of tax legislation enacted in response to the COVID pandemic
  • A review of recent revenue rulings, regulations and court cases
  • An update of pending tax legislation and other developments
  • In-depth examination of practical examples and insights from other practitioners

To provide CPAs with technical analysis and practical planning ideas based on the latest developments in tax legislation, litigation, regulations and rulings. The discussion format for this self-study webinar encourages exchange of experiences among practicing professionals.

  • Detailed analysis of the Tax Cuts and Jobs Act of 2017 and its impact on:
    – Individuals
    – Corporations
    – Businesses and pass-through entities
    – Estate taxes and estate planning
  • Detailed analysis of the CARES Act and other legislation enacted after the COVID pandemic
  • Explanation of the Employee Retention Credit (ERC)
  • Recent court cases, rulings and regulations affecting individuals and businesses
  • New income tax rates and brackets
  • New measure of inflation provided
  • Capital gains provisions
  • Carried interests—new holding period requirement
  • New limitations on excess business loss
  • Deduction for personal casualty and theft losses suspended
  • State and Local Tax (SALT) deduction limited
  • The benefits of the Pass-Through Entity (PTE) filing availability in response to SALT limitation
  • Mortgage interest deduction limited
  • Alimony deduction by payor/inclusion by payee suspended
  • New deduction for pass-through income, Section 199A, and how it applies to sole proprietorships, general and limited partnerships, trusts, estates, LLCs, C Corps and S Corps
  • Repeal of ACA Individual Mandate
  • Expiring tax extenders
  • Discussion of changes to the Foreign Tax Credit
  • Changes in compensation limitations
  • New laws regarding retirement plans
  • Changes in basic exclusion amount in estate and gift taxes
  • Changes in procedure and administration

• Identify the relative level of US Congressional action in response to the Coronavirus

• Recognize the TCJA’s overall effect on individual tax brackets, the standard deduction, and the personal exemption

• Identify recent changes to individuals’ itemized deductions made by the TCJA, the SECURE Act, the CARES Act and the Consolidated Appropriations Act of 2021

• Identify the TCJA’s effect on the capital gains and qualified dividends tax rates

• Recognize recent changes to individual adjustments to income and income exclusions

• Recognize recent expanded tax savings associated with Section 529 college savings plans

• Recognize recent changes made to the individual “kiddie tax”

• Identify the current applicability of the AMT on individual taxation

• Identify the changes made to the child tax credit under the American Rescue Plan Act

• Recognize the current annual gift tax exclusion amount

• Recognize changes made to retirement plan RMDs under the SECURE Act

• Recognize the overall approach taken by Congress to give income tax relief to pass-through income recipients

• Identify the basic formula for tax relief under Section 199A

• Identify the effective tax rate applicable to income qualifying for the Section 199A deduction

• Recognize the definition of a “qualified trade or business” under Section 199A

• Recognize those types of professional service businesses falling outside the limitations of non-qualifying businesses

• Identify the scenarios under which limitations to the Section 199A deduction will apply

• Identify the separate limitation formulas associated with qualified and nonqualified business income

• Recognize basic tax planning considerations involving the Section 199A QBI deduction

• Identify the new corporate tax rate structure under the TCJA

• Identify the recent changes made to the limitation on the deductibility of business interest under the CARES Act

• Recognize the changes to the carryback and carryforward regime for corporate NOLs made under the TCJA and the CARES Act

• Recognize recent changes made to the deductibility of US research and experimentation expenses after 2021


Working knowledge of federal income taxes.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: