TCJA Individual Tax Reform – 8 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 Individual Tax Reform section 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 Individual Tax Reform section of the Tax Cuts and Jobs Act. It will identify which sections changed for 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. C002
Format: Online pdf (169 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Intermediate
CPE Credit: 8 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 Individual Tax Reforms provisions and identify which sections changed for 2018 and which were updated for 2022;
- Recognize the tax rate changes for the four types of individual taxpayers
- Recognize the new standard deduction amounts for the four types of individual taxpayers
- 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.
The course is a good concise summary of the TCJA. It details the changes to tax areas affected by the TCJA.