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| Author : | Andrew Clark, EA |
| Course Length : | Pages: 111 ||| Review Questions: 30 ||| Final Exam Questions: 50 |
| CPE Credits : | 10.0 |
| IRS Credits : | 10 |
| Price : | $89.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1853 |
| Description : | The U.S has been met with unprecedented challenges during the Coronavirus pandemic. Over the course of 2020 and 2021, three major spending bills were enacted into law that were meant to provide aid to individuals, companies, and industries that were affected by the various changes and restrictions onset by the Coronavirus pandemic. Those bills were the American Rescue Plan Act, the Consolidated Appropriations Act, and the CARES Act. This course will provide an overview of these three bills that were meant to address the hardships caused by the coronavirus pandemic. This course will also provide a detailed look into the latest bill enacted from the three, the American Rescue Plan Act, and how that bill has affected the wider tax landscape within the U.S. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | Basic understanding of federal tax code. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
IRS Newsroom
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 10-Aug-2022 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1853 |
| Keywords : | Taxes, Comprehensive, Coronavirus, Legislation, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives At the end of this course, students will be able to:
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| Course Contents : | Chapter 1 - Comprehensive Coronavirus Legislation Couse Learning Objectives Introduction American Rescue Plan Act of 2021 Key Elements of the American Rescue Plan Tax provisions Grants to small businesses Education funding Funding for housing COVID-19 and Healthcare Funding Transportation provisions Changes to healthcare Medicaid and CHIP changes: State and Local Aid The Child Tax Credit stimulus changes New Child Tax Credit 2021 changes Credit amount increases New Child Tax Credit change #1: Credit amount increase New Child Tax Credit change #2: Expanded Credit phaseout New Child Tax Credit change #3: Credit amounts are refundable New Child Tax Credit change #4: New advance payments Offsets and additional information Final Notes Regarding The Interim Final Rule (IFR) Regarding the American Rescue Plan Overview of the American Rescue Plan Act IFR Obligation and Spending Deadlines COVID-19 Response Premium Pay for Essential Workers Lost Revenue and Government Services Infrastructure Special Rules Relating to Tribal Government Recipients Part 1 Review Questions American Rescue Plan Act of 2021 in More Detail Key elements of the Act Tax provisions Grants to small businesses Education funding Funding for housing COVID-19 and Healthcare Funding Transportation provisions Changes to healthcare Medicaid and CHIP changes: The Child Tax Credit stimulus changes New Child Tax Credit 2021 changes Credit amount increases New Child Tax Credit change #1: Credit amount increase New Child Tax Credit change #2: Expanded Credit phaseout New Child Tax Credit change #3: Credit amounts are refundable New Child Tax Credit change #4: New advance payments Part 2 Review Questions Consolidated Appropriations Act January 2021 Provisions for Coronavirus relief Regular appropriations Division A Agriculture, rural development, FDA Division B Commerce, justice, science Division C Defense Division D Energy and water development Division E Financial services, general government Division F Homeland security Division G Interior, environment Division H Labor, health, education Division I Legislative branch Division J Military construction and veterans affairs Division K State and foreign operations Division L Transportation, housing and urban development Other provisions Healthcare Tax provisions Education Foreign and human rights policy Energy and environmental provisions Part 3 Review Questions CARES Act March 2020 Division A High Level Summary Title I Keeping American Workers Paid and Employed Act Title 2 - Assistance for American Workers, Families, and Businesses Unemployment Assistance Changes Rebates and Other Individual Provisions Business Provisions Title 3 - Supporting Americas Health Care System in the Fight Against Coronavirus Title 4 - Economic Stabilization and Relief to Severely Distressed Sectors Title 5 - Coronavirus Relief Funds Title 6 - Miscellaneous Provisions Key Knowledge for CPAs Unemployment Insurance Individual Stimulus Checks Keeping Workers Paid and Employed Act Business Tax Provisions Individual Tax Provisions Emergency Lending Fund for Industries Emergency Aid to State, Local, and Tribal Governments Division A Outline Division B Outline Title I Title II Title III Title V Title VI Title VII Title VIII Title IX Title X Title XI Title XII Part 4 Review Questions Glossary |
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