Tax Cuts & Jobs Act – Individual Tax Preparation -Update

Price: $29.85

CPE Credits: 3.0

Category: ,

Course Number: TXTCJIPW

individual tax prep cpe

Description:
The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, will significantly affect tax planning and the income tax liability for many taxpayers. This course will examine the principal changes affecting individual taxpayers made by the TCJA.
It examines the provisions of the TCJA with increased potential to affect the taxation of individuals and which are related to changes in Individual and capital gains tax rates; Standard deduction and exclusions; Income and adjustments to income; Itemized deductions in Form 1040 Schedule A; Form 1040 Schedule C; Tax credits; Individual alternative minimum tax (AMT); Taxation of unearned income of minor children; Qualified tuition plans; ABLE accounts; Tax treatment of student loan indebtedness discharges; Net operating losses; and Affordable Care Act individual responsibility requirement.  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 §199A.   Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: November 2018

Format: PDF
Pages: 77

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Recognize and apply the 2018 individual income and capital gains tax rates;
    • Identify the changes in deductions, exclusions, adjustments and tax credits resulting from the TCJA;
    • Calculate the alternative minimum tax (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; and
    • Calculate the pass-through deduction available under IRC §199A.

Description:
The Tax Cuts and Jobs Act of 2017 (TCJA), signed into law during the closing days of 2017, will significantly affect tax planning and the income tax liability for many taxpayers. This course will examine the principal changes affecting individual taxpayers made by the TCJA.
It examines the provisions of the TCJA with increased potential to affect the taxation of individuals and which are related to changes in Individual and capital gains tax rates; Standard deduction and exclusions; Income and adjustments to income; Itemized deductions in Form 1040 Schedule A; Form 1040 Schedule C; Tax credits; Individual alternative minimum tax (AMT); Taxation of unearned income of minor children; Qualified tuition plans; ABLE accounts; Tax treatment of student loan indebtedness discharges; Net operating losses; and Affordable Care Act individual responsibility requirement.  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 §199A.   Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: November 2018

Format: PDF
Pages: 77

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • • Recognize and apply the 2018 individual income and capital gains tax rates;
    • Identify the changes in deductions, exclusions, adjustments and tax credits resulting from the TCJA;
    • Calculate the alternative minimum tax (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; and
    • Calculate the pass-through deduction available under IRC §199A.
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