Tax Legislation Update: Tax Cuts and Jobs Act

Author: Mark Luscombe

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Law Updates for OTRPs
2 hours Federal Tax Updates for CTEC

This course reflects the tax law after the enactment of TCJA.

This two-hour CPE on-demand course provides an up-to-date summary of the new Tax Cuts and Jobs Act recently signed into law. Be prepared to answer client questions.

Publication Date: June 2018

Designed For
CPAs, EAs, tax preparers, tax staff, and others who advise clients on tax matters.

Topics Covered

  • Provisions of the final Tax Cuts and Jobs Act of 2017
  • Individual and business tax changes covered under the new legislation
  • Planning changes for 2018
  • Differentiate tax areas which generally remained the same under the new tax regulations

Learning Objectives

  • Recognize the individual and business tax changes
  • Describe the TCJA's provisions for both individual and business clients
  • Recognize how to answer basic client questions regarding the tax legislation
  • Identify the new individual and corporate tax rates
  • Identify the new standard deduction for head of households
  • Differentiate tax areas which generally remained the same under the new tax regulations
  • Recognize the new tax regulations and its impact on disaster zone relief
  • Identify one of the business provision changes enacted through the new tax regulations
  • Identify the new capital gains tax for joint filers
  • Differentiate tax breaks or credits were eliminated with respect to the new tax regulations
  • Recognize the tax on stock compensation of insiders of expatriated corporations increase
  • Describe exemption and regulations effects that will carry through 2025
  • Identify the amount the new tax regulation of Section 179 increased to
  • Identify the new repatriation tax on accumulated foreign earnings that are in the form of cash or cash equivalents

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of Federal Tax Law

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $59

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