Tax Cuts and Jobs Act Extended Summary
The Tax Cuts and Jobs Act was signed by the president in late 2017, with many provisions already in effect. There will inevitably be many clarifications, rulings, and regulations in the near future, however, planning starts today! Attend this course to learn about the law from the perspective of a practicing CPA and analyze some key elements of the bill, especially one that impacts nearly every small business, the 20% deduction for qualified business income.
Upon completion of this course, you will be able to:
- Identify planning opportunities for the average taxpayer to take advantage of the new laws.
- Identify some common winners and losers under the Tax Cuts and Jobs Act using real life scenarios.
- Calculate the new 20% deduction for qualified business income under §199A.
- Properly select the entity type for tax purposes under the new tax law.
This webinar includes the presentation slides, exam questions and live webinar recording with review questions. CPE is issued after exam is successfully completed.
Genaro Cardaropoli, CPA