The American Rescue Plan Act of 2021 made significant changes to the Child Tax Credit allowable under Internal Revenue Code Section 24. These changes impact both the 2021 calendar year and 2021 tax returns. This presentation will cover the main changes that the American Rescue Plan Act of 2021 made to the Child Tax Credit and eligibility. Also included will be a comparison of the Child Tax Credit for 2021 and 2020. We will also discuss advance Child Tax Credit payments and the various online tools, guidance, and resources available on IRS.gov.
Learning Objectives:
IRS
Stakeholder Liaison
409-740-7800
Evette Davis is a Stakeholder Liaison representative for the Internal Revenue Service, Communications & Liaison Division located in Charlotte, N.C.
She currently works very closely with various N.C. and S.C. Federal, State and Local governments as well as industries and business organizations. Her purpose is to educate stakeholders about recent tax law changes, available small business products and services necessary to promote longevity and voluntary compliance. She is the area lead for Small Business Tax Workshops, Disaster Assistance and Small Business Forums.
Davis began her career with the IRS in 1988 as a Cooperative Education student in the Compliance Division. In 1990, she joined the IRS as a Revenue Officer in Columbia, S.C. In 2005, she became a Tax Specialist in Charlotte, N.C. She coordinates and conducts numerous tax seminars and workshops that successfully educated small business owners and industry leaders throughout N.C. and S.C.
Davis graduated from South Carolina State University with a Bachelor of Science Degree in Business Administration and Office Management in 1990. She embraces every opportunity to educate and communicate with organizations in small business communities throughout the Carolinas.
IRS
Senior Stakeholder Liaison
Odette Turenne is a Senior Stakeholder Liaison with the Stakeholder Liaison office of the Internal Revenue Service Communications & Liaison Division.
Odette began her career with the Internal Revenue Service 32 years ago as a Revenue Agent in the Examination Division of the Small Business/Self-Employed Operating Division of IRS.
Currently, as a Senior Stakeholder Liaison, Odette represents the IRS at education and outreach events and works with tax professionals, payroll providers, industry and trade associations, small business owners, and other federal, state and local government agencies. She speaks at organization meetings, conferences, seminars, forums, and workshops on tax related topics relevant to the tax professional or small business audience.
Odette is a graduate of Bryant University in Smithfield, Rhode Island, where she received a Bachelor of Science degree in Accounting.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222
CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222