CPE Self-Study

Tax Reform Bundle

  • $149.00-$189.00
    Tax Reform Bundle Availability : Online Access Product #: 165490
    AICPA Member: $149.00
    Non-Member: $189.00
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    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-CL4TRBUND

The monumental passing of the Tax Cuts and Jobs Act results in historic tax reform impacting nearly every American. This CPE series provides a comprehensive overview of the changes impacting corporations, pass-through entities, individuals and families as well as critical financial planning considerations and strategies. This series includes the following courses which can be purchased individually or as a part of this series:

Learning Objectives

When you complete this course, you will be able to:

  • Identify individual income tax changes.
  • Identify planning considerations for individuals.
  • Recognize ways to advise clients on the impact of tax reform changes.
  • Identify changes to estate planning and administration post tax reform.
  • Identify corporate income tax changes.
  • Identify planning considerations for corporations and pass-through entities.
  • Recognize ways to advise clients on the impact of tax reform changes.
  • Analyze tax planning strategies after tax reform.

Key Topics

  • Overview of Tax Reform's Impact on Individuals and Small Businesses
  • Overview of Tax Reform's Impact on Estate and Trusts
  • Estate, Gift and GST Planning Considerations and Strategies
  • Tax Planning After Tax Reform
  • Reduction in Corporate Tax Rates
  • Reduction in Dividends Received Deduction from Domestic Corporations and Potentially Enhanced Deduction for Dividends from Foreign Corporations
  • New Deduction allowance on "Qualified Business Income" for Flow-Through Entities - Section 199A
    • Definition of "Qualified Business Income"
    • Deduction restrictions and Limitations
    • Treatment of Professionals Using LLC's and Partnerships
  • New Fringe Benefits Rules
    • Repeal of Qualified Transportation Fringe Benefits
    • Repeal of exclusion for employee reimbursed moving expenses.
    • Limitations on other formerly tax free employee fringe benefits
  • Major Depreciation Changes
    • Enhanced Additional First Year/Bonus Depreciation
    • Expanded Section 179 Expensing for First Year Assets
    • Qualified Improvement Property (formerly Qualified Leasehold Improvements)
    • Applicable Recovery Period for Real Property
    • Modifications to Section 280F Luxury Car limitations
  • Changes to the Alternative Minimum Tax (AMT)
  • New Methods of Accounting Rules for Small Businesses Taxpayers
    • Expanded availability of the cash method.
    • Reduced inventory tracking requirements.
    • Raised threshold before Section 263A Uniform Capitalization Required
    • Changed Deferred Income Recognition Standard
    • Expanded Availability of Completed Contract Method
  • New Limitations on the Deductibility of Interest Expense
  • Restrictions on Section 1031 Like-King Exchanges
  • Modification of Net Operating Loss Provisions
  • Repeal of Business Entertainment Expenses
  • New Limitations on Executive Compensation
  • Partnerships
    • Repeal of Technical Termination Provisions
    • Modification of Substantial Built-in Loss Provisions
    • New Look Through Rule on Dispositions of Interests
  • S Corporations
    • Converting Back to C Corporations
      • Changes in Post Termination Transition Period Provision Distributions
      • Changes to Section 481(a) Adjustments
    • ESBT Shareholder

Who Will Benefit?

  • Tax and business professionals

Enhanced On-Demand Format

This enhanced on-demand format incorporates interactive exercises and/or knowledge check questions to test the learner's understanding of key concepts shared through discussion points on slides and from the subject matter expert captured in the video recording.

System Requirements

About the Authors

Brian R. Greenstein, Ph.D

University of Delaware / Kennett Square, PA

Brian R. Greenstein, Ph.D., is an accounting professor at the Lerner College of Business and Economics at the University of Delaware. Previously he served as the Director of Graduate Tax Programs and Chair of the Department of Accounting and Taxation at Seton Hall University. Dr. Greenstein started his career with an international CPA firm and currently maintains an active consulting practice.

Dr. Greenstein has presented hundreds of live seminars on various tax and financial planning topics for State CPA societies, private accounting firms, and the Internal Revenue Service. He has also written numerous articles appearing in national publications such as the Journal of Taxation, The Tax Advisor, the CPA Journal, the Journal of Corporate Taxation, Taxes - The Tax Magazine, Taxation for Lawyers, and the Review of Taxation of Individuals. His research has been quoted by the Supreme Court of the United States in Indopco v. Commissioner, and he actively contributes to the regulatory standard-setting process.

Robert S. Keebler, CPA/PFS, MST, AEP

Robert S. Keebler, CPA, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 150 favorable private letter rulings including several key rulings of "first impression". He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. The latest book Robert has co-authored, 2012 Estate Planning - Tax Planning Steps to Take Now, is now available in both electronic and paper back format. Mr. Keebler has recently been quoted in the New York Times in an article titled: "The 1040 Blues" where he provided insight on capital gains tax.

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.