TCJA Business Tax Reform Summary – 13 hr. CPE course
The Tax Cuts and Jobs Act forms the current foundation of the US tax code. The Tax Cuts and Jobs Act is organized into four primary sections of: Individual Tax Reform, Business Tax Reform, Exempt Organizations and International provisions. This is an updated course for 2022 that will provide a thorough review of the Business Tax Reform portion of the Tax Cuts and Jobs Act Bill (H.R.1.) as well as any changes for the 2022 tax year. Part 1 of this course will provide a summary description of all provisions referenced in the Business Tax Reform section of the Tax Cuts and Jobs Act. It will identify which sections changed when the tax law was enacted in 2018 and which were updated for 2022. Each provision will reference a more detailed description of the provision in Part 2 of this course. The detailed description will review the pre-2018 law, provide a detailed description of the changes for 2018 and identify the effective date that the provision became effective.
Course Information
Course No. C003
Format: Online pdf (237 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Intermediate
CPE Credit: 13 hrs.
Field of Study: Taxes/Technical
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: February 2022
Objectives
Learning Objectives
After taking this course, participants will be able to:
- Review the Business Tax Reform provisions and identify the provisions that have been changed, the provisions that were not changed, and those that were updated for 2022;
- Identify the new modified corporate tax rates for tax years beginning after December 31, 2017;
- Recognize the new charitable contribution rules that apply to corporations;
- Identify where to find more information about each provision in part 2 of this course; and
- Identify the effective dates for business tax provisions in the Tax Cuts and Jobs Act.
