Tax Cuts and Jobs Act of 2017 (4 hr CPE course)

Course Description

Tax Cuts and Jobs Act of 2017 – 4 hrs. CPE

The Tax Cuts & Jobs Act (“TCJA”) was approved by Congress December 20, 2017, and signed by President Trump on December 22, 2017. The Act impacts virtually every individual and business in a way not seen in over 30 years. With most provisions effective 2018, it lowers the individual and corporate tax rates, repeals numerous tax credits and deductions, enhances the child tax credit, boosts business expensing, and impacts the Affordable Care Act (ACA) by effectively repealing the individual mandate.

Course Information

Price: $59
Course No. M250
Format: Online pdf (86 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Overview
CPE Credit: 4 hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: January 2018

Objectives

At the start of the materials, participants should identify the following topics for study:

* Tax bracket modifications and changes
* Individual & business tax credits, deductions & exclusions
* Education incentives
* Saving, pensions, and retirement
* Corporate & small business taxation
* Insurance provisions
* Compensation restrictions
* International provisions
* Exempt organization taxation

Learning Objectives

After reading the materials, participants will be able to:

  1. Apply changes imposed by the Tax Cuts & Jobs Act (TCJA) relating to individual income taxes by identifying:
  2. modifications to tax rates & the personal exemption,
  3. AMT exemptions,
  4. changes to the child tax credit,
  5. new educational incentives & student loan discharge rules,
  6. Mortgage interest & suspended deduction provisions, and
  7. Alimony & estate taxation changes.
  8. Point out key TCJA business provisions, including new corporate tax rates, expanded §179 expensing, denial of certain entertainment expense, and business credits.
  9. Recognize TCJA changes to:
  10. insurance taxation,
  11. tax treatment of excess of compensation,
  12. deferred foreign income provisions, and
  13. exempt organization and international taxation.

 

 

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