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ACPEN Signature: Consolidated Appropriations Act Update

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
Accounting and Auditing |  ACPEN Signature |  Tax |  IRS Approved
C. Clinton Davis, CPA, JD
Course Levels:
2 Hour



There are numerous new rules, tax extenders, changes and corrections in the Consolidated Appropriations Act enacted at the end of 2020.  Answers that were thought to be correct in early December are now changed.  Some extenders are permanent, some are for 5 years, some are for 2 years and some are for only 1 year.  Fortune magazine has called the new Corporate Transparency Act “the most important anti-corruption reform in decades” yet few know about it.  Maybe that’s because it was part of the National Defense Authorization Act.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objectives
  • Understand new rules, tax extenders, and updates in the Consolidated Appropriations Act
  • Clarify rules, and requirements around PPP Loans


Major Subjects
  • New reporting requirements for small business and privately owned entities under the Corporate Transparency Act
  • PPP Round 2
  • Deductibility of PPP Funded Expenses
  • Basis Effects of Forgiveness of PPP Loans
  • Authority to Waive Filing Requirements for PPP Loan Forgiveness
  • Educator Expenses for Protective Equipment
  • Changes to Farmer NOL Carryback Rules and Prior Elections
  • Modifications to the Payroll Tax Credit Rules
  • Employee Retention Tax Credit Modifications
  • Deferral of the Employee Portion of Payroll Taxes
  • Extended Charitable Deduction for Non-Itemizers
  • Temporary Increase of Business Meal Deduction to 100%
  • Tax Extenders
  • and More

Course Materials


C. Clinton Davis, CPA, JD's Profile

C. Clinton Davis, CPA, JD Related seminars and products

Krage & Janvey, L.L.P.

CLINT DAVIS is with the law firm of Krage & Janvey, LLP in downtown Dallas.  He graduated cum laude from the SMU Dedman School of Law in 1980 and first in his graduating class from Northwestern State University of Louisiana in 1977 with a Bachelor of Science in Accounting.  He was first licensed in Florida as an attorney in 1980 and then in Texas in 1982.  He has been a licensed CPA in Texas since 1980.  He has been Board Certified in Tax Law by the Texas Board of Legal Specialization since 1988.  He has been named as a Super Lawyer, a Top Attorney in Texas by Texas Monthly, one of the Best Lawyers in Dallas by D Magazine and a Top Rated Lawyer by the Dallas Morning News, all in the tax area. 

Clint has in the past been an author and discussion leader for numerous CPE courses for the Texas Society of CPAs. Clint also speaks before various bar associations and accounting conferences. and is a frequent presenter and moderator on the Accountants’ Continuing Professional Education Network.

Clint primarily represents high net worth individuals and closely held businesses with much of his time devoted to real estate tax planning, implementation of S corporation ESOPs, mergers and acquisitions and private foundations.

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Public Practitioners and Industry CPAs, EAs
Original Recording Date 01/2021
Yellow Book No
Course Developer Business Professionals' Network, Inc.
Date Added to Catalog 01/08/2021

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. 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:
Instructional Delivery Method Group Internet Based
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration



Overall:      4.6

Total Reviews: 179


Nicholas K

"Very informative course!"

Steven B

" "

Victor B

"Good general information."

Shelley P

"Lots of information covered - excellent presentation - thank-you!"

Jose D - Miami, Florida

"Good information."

Peter F - Myrtle Beach, South Carolina

"A much needed update, thank you."

Mary M

"Mr. Davis is a very good presenter. "

Nellie E

"Enjoyed the course and Mr. Davis' presentation--just the right pace."

Michael F

"Good course"

Holly O

"C. Clinton Davis explains material very well. I would definitely enroll in another course he teaches. "

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