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FRINGE BENEFITS ALPHABET SOUP
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AMENDING TAX RETURNS: THE X FACTOR
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2022 FILING SEASON CHANGES FOR 1099 REPORTING
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INDIVIDUAL TAX UPDATE 2022
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BUSINESS TAX UPDATE 2022
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CRYPTOCURRENCY TAXATION: WHAT PRACTITIONERS NEED TO KNOW
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CRYPTOCURRENCY TAX UPDATE 2022
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IRS FORM 1040 SCHEDULES C AND E: SIMILARITIES AND DIFFERENCES
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TAX TREATMENT OF INDIVIDUAL RETIREMENT ARRANGEMENTS
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EDUCATION TAX BENEFITS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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EARNED INCOME TAX CREDIT
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THE SECTION §199A PASS-THROUGH DEDUCTION
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HOME OFFICE DEDUCTION
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TAX TREATMENT OF SICKNESS AND INJURY PLANS
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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HEALTHCARE REFORM: THE AFFORDABLE CARE ACT TAX PROVISIONS
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INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
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UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
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TOOLS AND STRATEGIES TO AVOID ESTATE PLANNING TRAGEDIES
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FBARS AND ENTITIES: WHO MUST FILE?
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ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
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DYNAMIC & CREATIVE CHARITABLE PLANNING: CLAT PLANNING
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FAMILY INSTALLMENT SALE PLANNING FROM A TO Z
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INTRO TO CRYPTOCURRENCY AND TAXES
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THE MATHEMATICS OF ESTATE TAX PLANNING AND MORE
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ASSET PROTECTION MEETS ESTATE TAX PLANNING
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THE MATHEMATICS OF ESTATE TAX PLANNING AND MORE (PART 3)
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THE MATHEMATICS OF ESTATE TAX PLANNING (PART 2)
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Self study cpe
Federal Income Tax Changes - 2022

FEDERAL INCOME TAX CHANGES - 2022

There is no video recording for this CPE course - materials are in a printable document.
CPE Processing Fee$60.00
Webinar TranscriptionN/A
Presentation Length Hour(s)3.0 hours
CPE Credits 3.0 hours
Subject Area 3.0 - Taxes (Federal Tax Update)
CE Credits 3.0 hours
Course Id# - HURS9-U-00224-18-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateFebruary 24, 2022
Date OfferedFebruary 24, 2022
Expiration DateFebruary 24, 2023
Course Description

Each year, various limits affecting income tax preparation and planning change. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law. This course will examine the tax changes affecting 2022 as a result of passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the American Rescue Plan Act (ARPA) and the inflation-changed limits effective for 2022 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes.

Learning Objectives:


  • List the 2022 changes in various amounts including the –

    • Standard mileage rates,

    • Standard deduction,

    • AMT exemption amount,

    • Limits related to income from U.S. Savings Bonds for taxpayers paying higher education expenses, and

    • Deductions for qualified long-term care insurance premiums;



  • Identify the 2022 tax credit changes affecting the –

    • Saver’s credit,

    • Earned income credit, and

    • Adoption credit;



  • Recognize the 2022 changes affecting –

    • Health Savings Account (HSA) and Archer Medical Savings Accounts (MSA) requirements and contribution limits,

    • Roth IRA eligibility, and

    • Traditional IRA contribution deductibility for active participants in employer-sponsored qualified plans;



  • List the changes effective for 2022 with respect to the –

    • Small employer premium tax credit, and

    • Applicable large employer mandate;



  • Describe the principal American Rescue Plan Act (ARPA) provisions affecting taxpayers in 2022

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Not logged
Additional Materials
Course Handout and Glossary
Review Questions
Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Paul Winn

Winn Publications
Financial Writer, Editor & Trainer
pjwinn@verizon.net
(757) 253-8075

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Paul J. Winn, CLU, ChFC has over thirty years experience in the life insurance and investment industry. As well as fifteen years as a financial writer, editor, and trainer. Paul has worked for Mutual Life Insurance Company of New York, Security Mutual Life Insurance Company, Principal Financial Group, and the Maryland Financial Corporation. Paul is a Published book author, writer & editor of major mutual life insurance company’s agent-training “university”, and the creator of more than 100 training courses in computer-based training, print and scripted classroom formats.

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About Our Presenter

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Training and continuing education courses dealing principally with life insurance, health insurance, annuities and taxation.