Tax Cuts and Jobs Act - Individual Tax Reform Quick Review - 1 CPE Credit Hour

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 entire 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 and will identify the provisions that were changed individual tax reform.

Learning Objectives

At the end of this course, students will be able to:
• Review the Individual 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;
• 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; and
• Identify the effective date for all individual tax provisions in the Tax Cuts and Jobs Act.