Introduction

The Tax Cuts and Jobs Act of forms the current foundation of the US tax code. The Tax Cuts and Jobs Act is organized into four primary sections of: Individual Tax Reform, Business Tax Reform, Exempt Organizations and International provisions. This is an updated course for 2024 that will provide a quick review of all four portions of the Tax Cuts and Jobs Act Bill (H.R.1.) and it also includes the provisions that have changed for 2024. This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act for each of the primary sections. It will identify which sections changed for 2018 and which were updated for 2024.

Learning Objectives

At the end of this course, students will be able to:

• Review the Individual Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2024;
• Review the Business Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2024;
• Review the Exempt Organizations provisions and identify which sections changed for 2018 and which were updated for 2024;
• Review the International Tax provisions and identify which sections changed for 2018 and which were updated for 2024; and
• Identify the effective dates for all provisions in the Tax Cuts and Jobs Act.

CPE Credit: 3 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