2024 Tax Code Updates for Business Provisions | ||||||||||||||||||||||||||
Course Description: | ||||||||||||||||||||||||||
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 2024 that will provide a thorough review of the Business Tax Reform portion of the Tax Cuts and Jobs Act Bill (H.R.1.) as well as any changes for 2024. Part 1 of this course will provide a summary description of all provisions referenced in the Business Tax Reform section of the Tax Cuts and Jobs Act. It will identify which sections changed when the tax law was enacted in 2018 and which were updated for 2024. 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. |
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Learning Objectives: | ||||||||||||||||||||||||||
Upon successful completion of this course, participants will be able to: • Review the Business Tax Reform provisions and identify the provisions that have been changed, the provisions that were not changed, and those that were updated for 2024; • Identify the modified corporate tax rates for tax years beginning after December 31, 2017; |
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