Tax Reform for Individuals and Businesses
The Tax Cuts and Jobs Act has made changes to tax rates for individuals and businesses as well as reduced the number of tax brackets for individuals from seven to three. This self-study bundle covers an overview of recent tax developments and highlights planning tips and techniques to help you and your clients.
Get up to speed on the Tax Cuts and Jobs Act to answer your Client questions. In part one of this series, renowned tax expert and tax educator, John J. Connors, JD, CPA, LLM, will cover all the bases, including an in-depth analysis of the complex maze of new rules dealing with the provisions of TCJA.
In part two, John Connors will further discuss the impact of the Tax Cuts and Jobs Act with topics including: Tax Rate Schedules, individual deductions, tax breaks, and other mandates. Client case studies will reinforce the tax implications of TCJA. The discussion will include the Qualified Business Income Deduction under Sec. 199A
Effective for the 2018 tax year Section 199A allows a 20% deduction for “qualified business income.” This deduction applies to any business income earned outside a C corporation, so it will affect schedule C filers, and income earned in a partnership or an S corporation.
December 22, 2017 the Tax Cut and Jobs Act (TCJ Act) was signed into law. The TCJ Act is the largest overhaul of tax law in more than 30 years. The impact of the new law will be felt by tax exempt organizations. The impact is in effect now; beginning January 1, 2018 for organizations with employees.
The 2017 Tax Cuts and Jobs Act has doubled the exclusions for gift, estate and generation-skipping transfers and preserved date of death values for income tax basis – in a law that will sunset in eight years. Are you aware of the changes and the planning opportunities?
, Principal Analyst for Wolters Kluwer Tax & Accounting, leads this course that’s designed to help you answer client questions about the TCJA. Among other topics, you’ll learn to identify the new individual and corporate tax rates, identify the new capital gains tax for joint filers, describe exemptions and regulations that will carry through 2025, and differentiate tax areas which generally remained the same under the new tax regulations.
Join Adnan Islam, JD, MBA, LL.M., CPA, as he focuses on U.S. global informational reporting issues with a summary overview of select international tax provisions, post-TCJA. This on-demand course will not provide complex or computational examples of subpart F, GILTI or FDII.
Total: 7 courses (19 CPE hours)