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.
International tax issues were the driving force behind the Tax Cuts and Jobs Act of 2017. As with all tax legislation, the international provisions create winners, losers, and traps for the unwary. This two-hour CPE course with Robert Misey and Benjamin Genzer will help you to assist your clients that have activities crossing international borders. Now is the time to get up to speed on these critical changes and prepare your business or clients for 2018.
Get ahead 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 coverall 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?
This course reflects the tax law after the enactment of TCJA.
Total: 7 courses (19 CPE hours)