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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Details of the Tax Cuts and Jobs Act (TCJA)

NEW! 8-Hour Program

WHY ATTEND THIS COURSE?

Congressional leadership has been promising to deliver comprehensive tax reform since the 2016 elections. This session will look at the law they produced and items that will impact clients. We are looking at the most significant tax changes since the Tax Reform Act of 1986.

This course will update you on the changes that you need to advise your clients about as you look to their 2018 tax planning.

DESIGNED FOR...

CPAs who work with business, trust, estate and individual tax matters.

OBJECTIVE

Participants will be able to:

  • Apply the new passthrough deduction rules that begin in 2018
  • List the changes in itemized deductions that take place beginning in 2018
  • Calculate the limits on the deduction of business related interest expense and, for eligible businesses, advise the business on related elections
  • Help clients understand the impact and advisability of changing their tax entity under TCJA

MAJOR SUBJECTS

  • New tax rates applicable in 2018
  • Qualified business income deduction (passthrough deduction)
  • Deduction limits for business related interest
  • Limits on state and local nonbusiness tax deductions
  • Advising clients on the changes that will apply to alimony agreed to after 2018
  • Special small taxpayer accounting method relief allowing:
    • Use of cash basis of accounting
    • Exemption from UNICAP rules (Section 263A)
    • Expansion of small contractor rules
    • Exemption from business interest limits

COURSE ACRONYM: TCJA

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Update

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxation

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.