1040 Tax Update Jan. 2022
With Amit Johar, Beth Logan, Lisa Wright, Paul Massa, Gregory Zakarian & Scott Franklin
When: Jan 8, 1PM-5PM
Where: Via Zoom
Organized and sponsored by the Massachusetts Society of Enrolled Agents, it's the most popular MaSEA education event of the year where you can earn 3 hours of IRS-Approved CE Credit, plus one NAEA CE credit. MaSEA leadership will present the 1040 Update to prepare tax professionals for the upcoming 2021 filing season. Participants will learn the major details of the American Rescue Plan, CARES and SECURE Acts, specifically the changes to refundable credits, COVID-related deductions, credits and income deferrals, and IRAs. Topic Materials will be distributed in a PDF format.
Every effort is made to make the two programs identical, but anything signed by the President in December is NOT part of the December 9 presentation. Those registering for the December program want a jump start on organizers, tax season preparations and 2021 IRS CE. They may require an additional “New Tax Law Update” to learn all that is necessary for this 2022 filing season. Those who register for the January program will earn 2022 IRS CE and might have access to new tax law updates. Folks are able to register for both programs by paying two fees.
*MaSEA members, please use the email address that was used to create your NAEA membership to ensure that you receive the membership discounted price.*
*NAEA members who are non-MASEA members must include an NAEA number in the registration field or your registration will be cancelled.
Hour #1 1040 Tax Update:
- Covid office procedures
- Data security
- 2020 & 2021 expiring laws
- American Rescue Plan overview
- Unemployment repayments
- The 3rd EIP
- Major form changes to 1040
Hour #2 1040 Tax Update:
- Mortgage interest
- HOH filing status
- Child Tax Credit
- Day Care Credit
- Kiddie Tax
- EIP and Children
- Divorce & Alimony
- Student Loans
Hour #3 1040 Tax Update:
- SECURE Act - Retirement & IRA’s
- Sch A Issues
- The disappearing Research Credit
- Preparer Issues
- IRS Operations
Hour #4 MA Tax Updates:
Form 1 changes, deductions are now refundable credits, Federal conformity issues
About Our Presenters
Amit Johar, EA graduated from Bridgewater State University with a Finance degree and immediately started his first small business and has been involved in startups and small business operations since then. He understands the day to day challenges that hamper small business growth. He earned a Financial Planner Certificate from Boston University.
His consulting with clients has seen dramatic increases in financial results. He is the current MaSEA President and an active NAEA leader.
Lisa A. Wright, EA, MST, is the owner of Bookswright™ Advisors, LLC in East Arlington. She specializes in self-employed individuals and small to mid-size businesses, specifically S-corps, and has expertise in the following industries: real estate, manufacturing, e-commerce, retail, health care, marketing, tradespeople, and contractors. She earned her Master of Science in Taxation at Suffolk University along with a Graduate Diploma in Professional Accounting. She is an East Stroudsburg U of Penn graduate with degrees in Hospitality Management and German. She has been working in accounting and tax for 10 years and teaches financial literacy to small business owners.
Paul Massa, EA has over 40 years of Tax Preparation experience and 30 as an enrolled agent. He prepares individual, small business, and Estate tax returns. He is an enrolled agent, a past vice-president of CTSEA, and MASEA member. Paul has led AMT, 4797 and QBI presentations. A private pilot, Paul supports his aviation habit by doing taxes. He runs the Rocky Hill office of MGroup Tax Advisors, a collaborative partnership of five EA’s. He is a New England Air Museum volunteer.
Gregory Zakarian, EA is an experienced lecturer and instructor with H&R Block. He served as Office Manager and a Tax Advisor at the Natick Block Advisors office.
Beth Logan, EA is an Enrolled Agent, a past-President of the Mass Society of Enrolled Agents, and has a tax practice in Chelmsford, MA. Beth is the chair of the NAEA Education Committee. She is a published author. “Divorce and Taxes After Tax Reform” was the first book to cover TCJA divorce issues. When she isn’t helping clients with taxes, she consults to small businesses and teaches classes to EA’s and laypersons. She has an MBA from the University of Maryland, College Park, and two electrical engineering degrees from the Georgia Institute of Technology.
Scott Franklin, EA has a law degree from UMichigan and mortgage loan experience. He has a tax practice in Wellesley. Scott is extremely proficient with the tax issues of stock options, small business and rental property taxes. He provides elder care tax services that encompass gifting, trusts and estate planning. He also is a fine furniture maker.