Description
EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS.
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 §199A, and the provisions of the One Big Beautiful Bill Act (OBBBA) that impact the TCJA provisions in 2025 and 2026.
Learning Objectives
Upon completion of this course, you should be able to:
• 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 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.
To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. Clicking on the Certificate link will show the course as 100% Complete
A course evaluation form is provided for your feedback and participants have 1 year from the date of purchase/enrollment to complete this course. .
Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/