The Tax Cuts and Jobs Act is the biggest change to the US tax code in over 30 years. It is imperative that you learn about these tax law changes to plan for the 2018 tax year. This course discusses the impact of the new tax law on corporations, shareholders and employees, including:
- Tax Rates
- Deductions and Credits
- Cost Recovery deductions, including immediate expensing and bonus depreciation
Learning Objectives
- Discover how the new tax act affects the tax liability of corporations and individuals.
- Identify tax minimization strategies regarding corporate and individual tax rates
- Recognize how to minimize taxable income through the acquisition of business assets eligible for immediate expensing and bonus depreciation
- Explore how foreign sourced income is taxed
- Explore how the Qualified Business Income Deduction affects the choice of business entity decision.
- Recognize the impact of the new tax law on the financial statement tax accrual.
- Identify the new limits placed on business and individual deductions.
- Discover the new tax credits available to businesses and individuals.
Last updated/reviewed: August 10, 2023
- 1. Like-Kind Exchanges under Section 1031 of the Internal Revenue Code
- 2. Schedule C Updates
- 3. 2019 Judicial Tax Update
- 4. Fringe Benefits Blitz for 2023: Taxing & Reporting Fringe Benefits
- 5. Tax Planning for Troubled Businesses and Investments
- 6. Investment Partnerships: The Basics - Part II
- 7. 2023 Federal Tax Update
- 8. 2023 Individual Retirement Accounts
- 9. Introduction to Payroll Accounting
- 10. Corporate Tax Filing: Schedule M-3: Part I: Compliance and Reporting Issues
26 Reviews (152 ratings)
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
.
Cherie HennigProfessor