Tax Cuts and Jobs Act - Business Tax Reform Quick Review - 1 CPE Credit Hours

CPE Credit: 1 CPE for CPAs and EAs
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Taxes
Program Prerequisites: Basic understanding of federal tax code. 
Advanced Preparation: None

Introduction

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. This course will provide a quick review of the Business portion of the Tax Cuts and Jobs Act Bill (H.R.1.). This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act. This description will identify the provisions that were changed for business tax reform.

Learning Objectives

At the end of this course, students will be able to:
• Review the Business Tax Reform provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act;
• 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 the effective date for all provisions in the Tax Cuts and Jobs Act.