With IRS shut-downs, COVID19 business closures and job losses, there are new tax laws being passed every time you blink - several, over-riding previous laws passed during the year. This course is designed to help you make some sense of the laws that affect 2021.

Learning Objectives
  • Explore and review a summary of 2021 legislation.
  • Identify the 2021 deductions, credits and limits - for preparation of the 2022 tax returns.
  • Discover the available 2022 deductions, credits and limits - for 2022 tax planning.
  • Identify the difference between the SBA loans and forgiveness provisions.
  • Recognize IRS curtailed operations during this pandemic.
Last updated/reviewed: August 28, 2023
8 Reviews (45 ratings)

Reviews

5
Member's Profile
This tax update on COVID provisions was excellent. She was clear and easy to follow. The slides were very informative and followed the instructor.. A few more examples would have been nice.
4
Anonymous Author
Lots of information for a 3 hour course. The slides had a lot of data/small print making them a bit challenging to absorb.
4
Anonymous Author
I found this course to be very informative as it relates to changes in the tax code during and post COVID-19
5
Member's Profile
Tax update in the Covid-19 world and in the December 2020 consolidated appropriations act
4
Anonymous Author
I enjoyed this course and would recommend it to anyone who prepares tax returns.
3
Anonymous Author
good update for covid19 world December 202 appropriations act
5
Anonymous Author
very nice course for review of new updates from Covid19.
5
Anonymous Author
helpful course - informative about new developments
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Tax Update in the COVID19 World and in the December 2020 Consolidated Appropriations Act 5:40
  Major Tax Legislation and Key Extenders17:18
  Form 1040 Update and Tax Credit Updates15:41
  Other Tax Credit Updates and Adjustment to Income14:40
  Upd Updated Deductions and Retirement Updates-SECURE Act10:41
  Itemized Deduction and COVID19 Updates16:02
  Charitable Contributions and Employee Benefits17:30
  SEC 529 Updates, Gifts, Estates and Trust13:44
  Kiddie Tax and Form 7200-Refundable Employee Retention Credit18:08
  CARES Act Retirement Updates and State Taxes13:34
  Gig Economy, Vehicles and Depreciation Issues12:56
  Foreign Tax Issues, SBA Loans-EIDL, Taxpayer Relief Initiative16:30
CONTINUOUS PLAY
  Tax Update in the COVID19 World2:52:54
SUPPORTING MATERIAL
  Slides: Tax Update in the COVID19 WorldPDF
  Tax Update in the COVID19 World Glossary/IndexPDF
  Tax Update in the COVID19 World - Donation ReceiptPDF
  Tax Update in the COVID19 World - ERTCPDF
REVIEW AND TEST
  REVIEW QUESIONSquiz
 FINAL EXAMexam