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The Tax Cuts and Jobs Act dramatically changed the U.S. Tax Code starting in the 2018 tax year. This course will provide a review of the Business Tax Reforms section of the Tax Cuts and Jobs Act bill (H.R.1).

This course provides a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act, and will identify the provisions that were changed in the Business Tax Reforms section.

This course covers the following topics: • Tax Rates • Cost Recovery • Small Business Reforms • Reform of Business-Related Exclusions, Deductions, etc. • Reform of Business Credits • Energy Credits • Bond Reforms • Insurance • Compensation

Learning Objectives

  • Explore and review the Business Tax Reform provisions and identify the provisions that have been changed, the provisions that were not changed, and those that were updated for 2020.
  • Identify the modified corporate tax rates for tax years beginning after December 31, 2017.
  • Recognize the new charitable contribution rules that apply to corporations.
  • Identify where to find more information about each provision in part 2 of this course.
  • Identify the effective date for all provisions in the Tax Cuts and Jobs Act.
Last updated/reviewed: Aug 24, 2020

1 Review (1 rating)Reviews

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.

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
  3:42Introduction to Tax Cuts and Jobs Act: Business Tax Reform
  8:33Cost Recovery
  8:00Small Business Reforms
  20:13Reform of Business-Related Exclusions, Deductions, etc.
  24:43Reform of Business Credits
  1:30Energy Credits
  17:23Bond Reforms
  13:55Insurance
  6:53Compensation
  31:41Other Provisions and Conclusion
CONTINUOUS PLAY
  2:16:31Tax Cuts and Jobs Act: Business Tax Reform
SUPPORTING MATERIALS
  PDFSlides: Tax Cuts and Jobs Act: Business Tax Reform 2020
  PDFTax Cuts and Jobs Act: Business Tax Reform 2020 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM