Tax Code Updates from Tax Cuts and Jobs Act Provisions 2021 - 30 CPE Credit Hours

The Tax Cuts and Jobs Act of forms the current foundation of the US tax code. The Tax Cuts and Jobs Act is organized into four primary sections of: Individual Tax Reform, Business Tax Reform, Exempt Organizations and International provisions. This is an updated course for 2021 that will provide a thorough review of all four portions of the Tax Cuts and Jobs Act Bill (H.R.1.) as well as any changes for the 2021 tax year. Part 1 of this course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act for each of the primary sections. It will identify which sections changed for 2018 and which were updated for 2021. Each provision will reference a more detailed description of the provision in Part 2 of this course. The detailed description will review the pre-2018 law, provide a detailed description of the changes for 2018 and identify the effective date that the provision became effective.

Learning Objectives

At the end of this course, students will be able to:

• Review the Individual Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2021;

• Review the Business Tax Reform provisions and identify which sections changed for 2018 and which were updated for 2021;

• Review the Exempt Organizations provisions and identify which sections changed for 2018 and which were updated for 2021;

• Review the International Tax provisions and identify which sections changed for 2018 and which were updated for 2021.

• Identify where to find more information about each provision in part 2 of this course; and

• Identify the effective dates for all provisions in the Tax Cuts and Jobs Act.