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This course provides a review of the Business Tax Reforms section of the Tax Cuts and Jobs Act bill (H.R.1). This course also provides a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act, and identify the provisions that were changed in the Business Tax Reforms section.

Learning Objectives

  • Identify and review the Business Tax Reform provisions and identify the provisions that have been changed, and the provisions that were not changed, with the implementation of the Tax Cuts and Jobs Act.
  • Identify the new modified corporate tax rates for tax years beginning December 31, 2017.
  • Recognize the new charitable contribution rules that apply to corporations.
  • Identify the effective date for all provisions in the Business Tax Reform section of the Tax Cuts and Jobs Act.
Last updated/reviewed: September 07, 2022

5 Reviews (24 ratings)Reviews

2
Member's Profile
The slides are not consistent with the questions. The details in the slides were missing to answer the questions. Using the internet didn't even produce the answers that were on the exam, some of the answers were even incorrect according to the IRS website. Example... Where you had 15.5% ABC, the IRS has 16.0%
5
Member's Profile
I loved how the presenter was able to clearly explain and describe legislation which is at its heart very complicated. It was easy to understand and I was able to retain my knowledge of the subject matter.
2
Member's Profile
One of the most boring presentations ever. the information presented could have been looked up as it was read without ANY examples.
4
Anonymous Author
I would recommend this course to anyone preparing tax returns.
5
Anonymous Author
Great course and content! Very informative. I recommend it!

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:20Introduction to Tax Cuts and Jobs Act: Business Tax Reform
  8:24Cost Recovery
  7:50Small Business Reforms
  19:42Reform of Business-Related Exclusions, Deductions, etc.
  24:20Reform of Business Credits
  1:30Energy Credits
  17:23Bond Reforms
  13:46Insurance
  6:42Compensation
  31:08Other Provisions and Conclusion
CONTINUOUS PLAY
  2:13:53Tax Cuts and Jobs Act: Business Tax Reform
SUPPORTING MATERIALS
  PDFSlides: 2022 Tax Cuts and Jobs Act: Business Tax Reform
  PDF2022 Tax Cuts and Jobs Act: Business Tax Reform Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM