CPAR Taxes

CPAR - 2021/June, Seg 4 - Proposals for the American Families Plan - The Devil Is in the Details

On April 28, 2021, President Biden released a fact sheet on his just-proposed changes to the tax system, the American Families Plan. The American Families Plan would make some dramatic tax changes. There have been several discussions about items in this proposal since its release. The 15-page document details more than just tax proposals, but it is important to remember that this document is just that; it is still a proposal. It is unclear how much Congressional support would exist for passing the proposal "as is," and historically, there have always been modifications. Barbara Weltman, president of Big Ideas for Small Business focuses on the tax developments and discusses parts of the plan relating to business and individual tax credits and benefits.

Learning Objectives:

  • Understand the changes in individual tax credits under the American Families Plan;
  • Identify the major ARPA changes with respect to COBRA rules, Advance Premium Tax credit, and employment taxes;
  • Understand the tax developments with respect to life insurance; and
  • Identify the changes IRS made on PPP expense deductibility.


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.


Speaker / Author:

Barbara Weltman
A nationally recognized expert in taxation, Barbara Weltman has built her reputation around providing timely advice and accurate analysis on business tax matters. As a tax and business attorney, Barbara has the up-to-the-minute knowledge that business managers need to get - and to stay - ahead. She is the top-selling author of numerous books on taxation and finance, including J.K. Lasser’s Small Business Taxes. Business executives also know Barbara from her appearances on Financial Management Network, from her popular radio show and as publisher of “Idea of the Day.” By subscribing to “This Week in Business Taxation,” you can share Barbara Weltman’s insights into recent business tax developments 20 times each year.

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Price (USD)

Standard: $69.90

Details

Course Code : CPAR1517-FM

Release Date : 06/22/2021
Expire Date : 08/12/2022
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes


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