- NY Credits : 4.0
- TX Credits : 4.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 4.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax Update - 4.0
The 2017 Tax Act (the Act), often referred to as the Tax Cuts and Jobs Act, is a very complex piece of legislation. The law was clearly intended to cut taxes and create jobs, but it pursues these goals in a variety of remarkably complicated ways. And no new provision is more emblematic of the Act ... cutting taxes and promoting jobs in a stunningly convoluted way ... than the extremely favorable new deduction called the Qualified Business Income Deduction which is contained in Internal Revenue Code Section 199A. This course is entirely devoted to the new Qualified Business Income Deduction.
Upon successful completion of this course, the user should be able to:
demonstrate a working knowledge of the new Qualified Business Income Deduction by: (a) defining it, (b) explaining its purpose, (c) recalling its components, and (d) exhibiting the ability to calculate the deduction.