Objective
* Understand and apply the categorical changes in the tax law brought about by the Tax Cuts and Jobs ActHighlights
* Reduction in individual and corporate tax rates * Taxation of pass-through entities * Deduction of home mortgage interest * State and local tax deductions * New alimony rules * Repeal of the Obamacare individual mandate * Standard deduction and itemized deductions * Child tax credit * Use of 529 accounts * Survival of personal AMT and repeal of corporate AMT * Estate and gift tax * New limitations on business losses * New depreciation rules and 179 expensing * Business interest * Modification of NOL rules * New credit for employer-paid family and medical leave * Repatriation of foreign fundsDesigned For
Tax practitioners seeking to understand the new tax legislation and how it impacts their clientsPrerequisite
Experience with individual and business clientsAdvanced Preparation
None