October 29, 2021 8:00am – 4:00pm Map & Directions 800-528-0293

Don Farmer's Tax Update

Description

Tax-industry giant Don Farmer will review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. Join Farmer and your peers and review major developments in federal income taxation for individuals, corporations and other businesses having the greatest impact on participants, clients and companies. 

The course will emphasize developments affecting 2021 returns and tax planning, including provisions contained in the American Rescue Plan Act of 2021, the Consolidated Appropriations Act of 2021, any other 2021 legislation, and important regulations, rulings and court cases. Get updated on 2021 tax developments with practical solutions to problems and tax planning opportunities.

The course format is designed to update CPAs with various levels of experience.

Register on-line or by phone at 602-252-4144.

Location

The Scottsdale Resort at McCormick Ranch
7700 E McCormick Pkwy
Scottsdale, AZ 85258-3431

Registration Time

7:30am

Fees

Member:
$300
Non-CPA Staff:
$400
Non-CPA Staff (100% club):
$300
Non-CPA Staff (sole proprietor):
$300
Non-Member:
$400
Phoenix
Taxation
8
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Objectives

Sponsorship opportunities are available. For details, contact Heidi Frei, MBA, ABC, Senior Director of Marketing & Membership at (602) 324-4743 or at hfrei@ascpa.com

Course Level

Update

Vendor

Don Farmer CPA PA More With This Vendor

Designed For

Individuals having one or more Tax Seasons and a general understanding of individual, corporate and business income taxation who are involved in the preparation and/or review of individual, corporate and business income tax returns or who provide tax planning advice to individuals and businesses.

Prerequisites

None

Event Leaders

Farmer, Don

Rating: 4.88


Don Farmer is the President of Don Farmer, CPA, PA.

Don was formerly a Tax Partner with Deloitte & Touche in charge of the tax practice for their five Western North Carolina offices.

In 1984, he resigned his position as Partner and created Don Farmer, CPA, PA in order to devote most of his time to writing and lecturing. He also consults with other CPAs across the country concerning tax matters.

Each year, Don authors and presents CPE programs across the United States. He has made presentations in over forty states and has received discussion leader awards from various states and from the AICPA. He also authors a tax newsletter “Don Farmer’s Federal Tax Newsletter”.


More With Farmer, Don

Highlights

The seminar includes: 

  1. A review of the latest new law provisions effective for 2021, such as the: expanded employee retention credit (including maximizing the credit and PPP loan forgiveness), extended Sick Leave and Family Leave credits, extension of excess business loss limitations through 2026, up to $10,200 exclusion for unemployment benefits, stimulus payments and rebate credit, increased child tax credit and dependent care credit, tax-free forgiveness of student loans, 100% deduction for certain business food and beverage expenses, increased charitable contribution limitations, new revised rules for obtaining PPP loan forgiveness, and more. 
  2. A review of any other significant 2021 tax legislation.
  3. Final regulations explaining the treatment of inventories and use of the cash method for taxpayers with average gross receipts of $26 million or less.
  4. Regulations extending life expectancies for determining RMDs from IRAs and qualified retirement plans.
  5.  Other new tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses. The presentation will emphasize tax planning opportunities resulting from these recent developments.
The course material also includes: 
  • A checklist of expiring and/or recently expired tax provisions, and
  • Practical planning ideas for businesses and individuals.

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