Description:
Each year, income tax return preparation must take into account inflation-related changes to various limits and new tax laws. This course will look at those changes and new laws. The 2021 Annual Tax Season Update course is designed to provide valuable information to persons preparing individual 1040 income tax returns reflecting clients' 2020 income. The Annual Tax Filing Season Update course discusses new tax law and recent updates for the 2021 filing season and provides a general tax review.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Author: Paul Winn

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 08/10/2020

Technical Details: Taxation is a technical field of study for all states.

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Objectives:
Chapter 1 -Recent Updates
1. Identify the inflation adjustments to various federal limits;
2. Apply the new standard mileage provisions.

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NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-U-00224-20-S

Profession Identifiers : CPA, EA