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 2021 that will provide a thorough review of all four portions of the Tax Cuts and Jobs Act Bill (H.R.1.) as well as any changes for the 2021 tax yar. Part 1 of 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 2021. Each provision will reference a more detailed description of the provision in Part 2 of this course. The detailed description will review the pre-2018 law, provide a detailed description of the changes for 2018 and identify the effective date that the provision became effective.

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 2021;

• Review the Business Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2021;

• Review the Exempt Organizations provisions and identify which sections changed for 2018 and which were updated for 2021;

• Review the International Tax provisions and identify which sections changed for 2018 and which were updated for 2021.

• Identify where to find more information about each provision in part 2 of this course; and

• Identify the effective dates for all provisions in the Tax Cuts and Jobs Act.

CPE Credit: 30 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

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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