Tax Cuts and Jobs Act: Individual Tax Preparation ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $116.00
Non-Member Price $133.00
Overview
The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, significantly affects tax planning and the income tax liability for many taxpayers. This course will examine the principal changes affecting individual taxpayers made by the TCJA and the current limits applicable to them. In addition, it will consider the business-related TCJA provisions affecting individual taxpayers, including the pass-through deduction for qualified trades or businesses under IRC Section 199A, and the provisions of the One Big Beautiful Bill Act (OBBBA) that impact the TCJA provisions in 2025 and 2026.
Highlights
TCJA provisions affecting tax preparation. Itemized deductions Schedule A. TCJA provisions affecting individuals. Estate and gift tax exclusion. Business-related TCJA provisions affecting individual taxes. Schedule C provisions.
Prerequisites
None.
Designed For
CPAs.
Objectives
Apply the provisions of OBBBA effective in 2025 and 2026 to affected TCJA provisions. Recognize and apply the individual income and capital gains tax rates applicable to the current year. Identify the current year deductions, exclusions, adjustments and tax credits. Calculate the AMT and Kiddie tax. List the changes affecting Section 529 plans, ABLE accounts, discharge of student loan indebtedness, accounting for net operating losses and the individual responsibility requirement under the Affordable Care Act. Calculate the pass-through deduction available under IRC Section 199A, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Paul Winn, Western CPE
Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Non-Member Price $133.00
Member Price $116.00