Course Description
What's the advantage of tax
credits over tax deductions? Each dollar of tax credit can reduce each dollar
of tax liability. We will take a tour of Schedule 3 of Form 1040 which provides
us a handy list of tax credits available to our clients. We will go over these
various tax credits and help our clients take full advantage of them. Also, be
able to ask the right questions to ferret out these tax credits for our
clients.
Learning Objectives
- Identify the plethora of tax credits available to your clients
- Learn about the updates for 2021 for tax credits.
- Considerations to think about when preparing tax returns.
- Avoid common mistakes that generates those pesky notices.
- Planning on how to increase the amounts of the credits.
Larry Pon, EA, CPA, CFP, PFS, USTCP, AEP
Lawrence Pon is a Certified Public Accountant (CPA, Certified Financial Planner (CFP), Enrolled Agent (EA), Personal Financial Specialist (PFS), US Tax Court Practitioner (USTCP) and Accredited Estate Planner (AEP) in Redwood Shores, CA. Mr. Pon has been in practice since 1986 and speaks regularly to tax professionals on the latest tax planning and preparation topics. Mr. Pon received his BS in Business Administration from UC Berkeley and an MS in Taxation from Golden Gate University in San Francisco, CA.
Lawrence Pon is a Certified Public Accountant (CPA, Certified Financial Planner (CFP), Enrolled Agent (EA), Personal Financial Specialist (PFS), US Tax Court Practitioner (USTCP) and Accredited Estate Planner (AEP) in Redwood Shores, CA. Mr. Pon has been in practice since 1986 and speaks regularly to tax professionals on the latest tax planning and preparation topics. Mr. Pon received his BS in Business Administration from UC Berkeley and an MS in Taxation from Golden Gate University in San Francisco, CA.
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minute per hour attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.