Federal Tax Update  (FTAU)

16.00 CPE Credit Hours

Reminder: This course is not eligible for any discounts (CPE 40 Certificate, CPE 24 Bundle or Committee Coupon)

This no-frills course has been designed to review all changes affecting for-profit taxpayers, combining the individual update with the business update without all of the planning and compliance discussion available in the more specialized updates. Just the facts without the frills! The course has been updated for the effects of the end-of-2019 Secure Act, both March 2020 tax bills, and Both PPP and PPPFA Bills, with in-depth discussion and examples of those changes! 2020 changes are all coming together with 5 different bills into a massive year of tax changes.

CPAs in public accounting or corporate finance in need of a power-packed two-day Federal individual and business income tax update course before tax season

Upon the completion of this course, you will be able to:

• Apply the latest tax law changes to the current Form 1040/1120/1120S/1065 tax returns you prepare
• Properly use many federal tax provisions prior to their expiration date
• Determine if your clients had job related business expenses
• Determine if your clients had any work related education expenses
• Summarize the various methods of accounting that are available
• Advise clients on how to properly account for inventory
• Determine when a change in accounting method has occurred, when IRS approval is needed and when it is not needed, and what situations qualify for automatic approval

Updated throughout the year for up-to-the-minute changes and court cases, this course will keep you in the loop for the latest updates.