Checkpoint Learning

Course Detail

The Tax Cuts and Jobs Act: What You Need to Know Now  

CATEGORY: Taxation
COURSE ID: W481T, VERSION 1.00
(3605)
Webinar
2 CPE Credits
Level: Update

The details of the “Tax Cuts and Jobs Act” have been released and as expected, it will have a huge impact on tax law. Get ready to hit the reset button for tax planning. Tax professionals will be bombarded with questions from clients over the coming weeks. You need to start preparing NOW. This webinar will provide a summary of the changes and an objective analysis of the impact on clients and the profession.

By the end of this webinar tax professionals will:

  • Be aware of the changes in tax rates, standard deductions and personal exemptions as well as the changes to Schedule A - itemized deductions. These items together are the building blocks for many if not most of the returns we prepare. 
  • Be aware of the adjustments to income which will no longer be allowed including Moving Expenses and Alimony
  • Be aware of the intricacies of the 20% deduction available for qualified business income
  • Be aware of the significant decrease in corporation tax rates
  • Understand the significant change to Estate tax
  • Be aware of the new credits and modifications to existing credits for both personal and business
  • Be aware of the significant increase of expensing under code section 179 and the lowering of taxes generally on business income
  • Be in a position to advise clients how the Tax Cuts and Job Act could possibly affect them.

NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-231-1860.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

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