This course provides a review of the Business Tax Reforms section of the Tax Cuts and Jobs Act bill (H.R.1). This course will also provide a summary description of all provisions referenced in this section of the Tax Cuts and Jobs Act, and will identify the provisions that were changed in the Business Tax Reforms section.

Learning Objectives
  • Recognize and review the Business Tax Reform provisions and identify the provisions that have been changed, and the provisions that were not changed, with the implementation of the Tax Cuts and Jobs Act.
  • Identify the new modified corporate tax rates for tax years beginning December 31, 2017.
  • Recognize the new charitable contribution rules that apply to corporations.
  • Identify the effective date for all provisions in the Business Tax Reform section of the Tax Cuts and Jobs Act.
Last updated/reviewed: Aug 07, 2024
21 Reviews (95 ratings)

Reviews

2
Member's Profile
The slides are not consistent with the questions. The details in the slides were missing to answer the questions. Using the internet didn't even produce the answers that were on the exam, some of the answers were even incorrect according to the IRS website. Example... Where you had 15.5% ABC, the IRS has 16.0%
3
Member's Profile
Overall the presentation was informative. However at time it felt like he was just reading the provisions rather than trying to teach the provisions for understanding. It would have nice for him to add real life examples.
5
Member's Profile
I loved how the presenter was able to clearly explain and describe legislation which is at its heart very complicated. It was easy to understand and I was able to retain my knowledge of the subject matter.
5
Anonymous Author
Course covers a variety of topics related to Tax Cuts and Jobs Act, some that will affect a large amount of people and some that wouldn't. Enjoyed the topics either way though.
3
Anonymous Author
Not my favorite course. An ok overview but the slides don't do much to improve understanding rather than just repeat the new rules. Ok refresher.
4
Anonymous Author
Good overview of 2024 TCJA impacts. I don't work with most of these issues regularly, but this gave me a good idea of what to look out for.
2
Member's Profile
One of the most boring presentations ever. the information presented could have been looked up as it was read without ANY examples.
4
Member's Profile
This course as very informative and was presented in a way that was very easy to understand along with plenty of good examples.
3
Anonymous Author
There is a lot of information regarding the alcohol industry and various other specific industries that I never knew.
4
Anonymous Author
This was a very interesting course. Final exam was not too difficult. Course was reasonable, content was clear.
5
Member's Profile
Great review of the Tax Cuts and Jobs act. Some interesting reminders about less common business tax issues.
1
Member's Profile
This is one of the worst webinars ever. Too broad, does not explain anything and exam questions absurd!
3
Anonymous Author
I run a small CPA firm and serve mainly small business. This course rarely addressed my client's issues
5
Anonymous Author
I really liked this course because it helped me understand a lot of the new changes easily. Great work!
2
Member's Profile
presentation is very much like a script and information between presentation and exam incomplete
5
Member's Profile
Great materials for this newer tax law. Highly recommend this author and module.
3
Member's Profile
Some of the questions on the exam were not covered by the slides.
4
Anonymous Author
I would recommend this course to anyone preparing tax returns.
5
Anonymous Author
useful material, clear, well organized, helpful. up to date
5
Anonymous Author
Great course and content! Very informative. I recommend it!
5
Member's Profile
Way to stay up to date with regulations. Very nice
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Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Tax Cuts and Jobs Act: Business Tax Reform3:14
  Cost Recovery8:32
  Small Business Reforms7:46
  Reform of Business-Related Exclusions, Deductions, etc.20:06
  Reform of Business Credits24:50
  Energy Credits1:28
  Bond Reforms17:04
  Insurance13:38
  Compensation6:42
  Other Provisions and Conclusion31:26
CONTINUOUS PLAY
  Tax Cuts and Jobs Act: Business Tax Reform 2:14:46
SUPPORTING MATERIALS
  Slides: 2024 Tax Cuts and Jobs Act: Business Tax ReformPDF
  2024 Tax Cuts and Jobs Act: Business Tax Reform GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam