Tax Year Updates

//Tax Year Updates
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Tax Year Updates

One of the most recent significant changes to the tax code happened with the passage of the Tax Cuts and Jobs Act signed into law in December of 2017. This course covers most of those changes as they relate to individual taxpayers and some corporate tax provisions. Other tax law changes are also addressed including inflation changes.

 

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Product Description

Lesson Summaries

  • The first lesson focuses on the Tax Cuts and Jobs Act of 2017
  • The second lesson concentrates on the changes to itemized deductions brought about with the Tax Cut and Jobs Act
  • The third lesson breaks down changes that impact businesses from the Tax Cut and Jobs Act
  • The fourth lesson deals with tax law changes from recent years that are still important to remember
  • And finally the fifth lesson focuses on tax provisions that change because they are tied to inflation.

Learning Objectives

Lesson 1

  • Identify changes to the tax code from the implementation of TCJA as it relates to:
    • Tax rates
    • Standard deductions
    • Exemptions
    • Filing requirements
    • Alimony
    • Moving Expenses
    • Child tax credit
    • Kiddie tax
    • 529 Plans
    • Able Accounts
    • Student debt
    • Affordable Care Act
    • Employee fringe benefits
  • Learn the new Family Credit

Lesson 2

  • Identify changes to the following itemized deduction categories imposed by the Tax Cuts and Jobs Act:
    • Medical expenses
    • State and local taxes
    • Charitable contributions
    • Home mortgage interest
    • Casualty theft and loss
    • Miscellaneous deductions
  • Learn the changes to the PEASE limitations

Lesson 3

  • Learn new TCJA provisions as they relate to business in the following areas:
    • New corporate tax rates
    • Changes to the dividend received deduction
    • Entertainment expenses
    • Bonus and section 179 depreciation
    • Luxury auto
    • Listed property
    • Net operating losses
  • Understand the new 20% deduction for qualified business income

Lesson 4

  • Identify certain tax law changes from recent years that are still pertinent including:
    • Filing deadlines, delays and changes
    • Safe harbor guidelines for certain capital items
    • Expansion of due diligence requirements
    • Security and tax scams
    • IRA rollovers
    • ITIN changes
    • Private debt collection
    • Annual Filing Season Program
    • Representation rights

Lesson 5

  • Identify the various tax provisions that are indexed to inflation and be familiar with the changes.

Publication Date: September 2018

IRS Course #: A360U-U-00102-18-S

Program Level: Intermediate

Prerequisites/Advanced Preparation: The student should already be familiar with Form 1040. Some discussion of changes to existing tax code assume that the student already possesses knowledge of the tax provision being addressed.

Delivery Method: QAS Self-Study

License Term:  180 days

CPE/CE Credits: IRS 3 CE Federal Tax Law Update. One 50- minute period equals one CPE/CE Credit Hour.

Field of Study: IRS – Federal Tax Law Update.

Passing Grade: Participants who answer a minimum of 70% correct on the final exam will receive a Certificate of Completion.

Record Retention: As an IRS-approved provider of continuing education The Tax University will report successful completion of this course to the IRS.  You can access and view all completed continuing education credits through your online PTIN account.

Complaint Resolution Policy: Please contact our customer service department at 1-434-227-4480.

Refund Policy: 30-day money back guarantee.  For refund assistance, please contact our customer service department at 1-434-227-4480.

Price: $44

The Tax University Offers Substantial Discounts When You Purchase Multiple Courses! All Discounts Appear At The Bottom Of The Order Page When More Than One Course Is Selected.

Click Here To Order the CE Course Tax Year 2018 Federal Tax Law Updates

 

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