This course is specifically for Enrolled Agents that need to report to the IRS.

 Introduction

The Tax Cuts and Jobs Act will dramatically change the US tax code in 2018. 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 course will provide a thorough review of the International Provisions portion of the Tax Cuts and Jobs Act Bill (H.R.1.). Part 1 of this course will provide a summary description of all provisions referenced in the International Provisions section of the Tax Cuts and Jobs Act. It will identify which sections changed and which remained the same. Each provision will reference a more detailed description of the provision in Part 2 of this course.  The detailed description will review the current law, provide a detailed description of the change and identify the effective date that the provision will become effective. 

Learning Objectives

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

• Review the International Tax provisions and identify the provisions that have been changed and the provisions that were not changed with the Tax Cuts and Jobs Act.
  
• Recognize the tax rate changes associated with Subpart F
  
• Identify the changes to foreign income taxation that were implemented with the Tax Cuts and Jobs Act
  
• Recognize where to find more information about each provision in part 2 of this course; and
  
• Identify the effective dates for the International Tax Provisions portion of the Tax Cuts and Jobs Act.
  

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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