Topics covered include: Business Tax Provisions; Accounting Method Changes, Other Small Business Accounting Method Reforms; Capitalization Rules; Deductions & Exclusions; Business Tax Credits; Partnership Tax Provisions; S Corporation Tax Provisions; New 20% Deduction for K-1 and Proprietorship Profits and Net Rental Income. Upon completing this course, you should be able to: Identify and advise clients on the new Tax Act; Gain awareness of the numerous changes as we prepare client 2017 returns; Identify the new effective tax rates and 20% deduction for K-1 income; Differentiate clients on choice-of-entity issues going forward; Identify which clients are still subject to AMT; Recognize how to maximize deductions for immediate write-off of asset acquisitions; Identify the C Corporation Tax Rate as a result of the TCJA; Differentiate statements with respect to bonus depreciation; Recognize correct statements with respect to passenger automobiles and the Section 179 deduction; Describe the number of years, under the final Conference bill, the depreciable life for both residential and commercial real estate will remain; Identify types of property uses a 10-year useful life for purposes of MACRS depreciation; Recognize types of properties are now included in the definition of 'qualified improvement property' as a result of the TCJA; Differentiate statements with respect to property used in a farming business; Identify and apply correct statements regarding corporate AMT; Recognize the changes to fringe benefits as a result of the TCJA; Differentiate code sections provides that the gross income of a corporation; Describe correct small business accounting methods; Identify the allowances for businesses under uniform capitalization (UNICAP) rules under Code 263A; Differentiate correct statements regarding net operating loss deductions; Identify business credits under the TCJA; Recognize C Corporations tax rates under the new rate for Code 1375 built-in gains; Describe the taxable income tax rate percentage; Identify depreciable tangible personal property that is purchased for use in the active conduct of a trade or business, and includes off-the-shelf computer software; Recognize nontraditional real property subject to a 20-year MACRS amortization; Identify depreciation of property and the recovery period; Recognize and apply how TCJA repealed the required use of property used in a farming business; Describe due dates and provisions of the TCJA.