Topics covered include: New 20% Deduction for K-1 and Proprietorship Profits and Net Rental Income; Individual Tax Calculations; Tax Rates Schedules for 2018; Individual Deductions; Individual Credits and Exclusions; Educational Tax Breaks for Individuals; Individual Health Insurance Mandate; Retirement Plans; Estate and Generation-Skipping; Transfer Taxes; Income Tax Rates for Trusts and Estates; Client Case Studies. Upon completing this course, you should be able to: Gain awareness of the numerous changes as we prepare client 2017 returns; Recognize the new effective tax rates and 20% deduction for K-1 income; Recognize and advise clients on choice-of-entity issues going forward; Identify which clients are still subject to AMT; Recognize maximize deductions for immediate write-off of asset acquisitions; Identify a component of qualified business income with respect to the 20% deduction for K-1 and proprietorship profits; Differentiate critical steps with respect to the new 20% deduction for K-1 and proprietorship profits and net rental income; Identify the new 2018 federal income tax rate for single individuals; Recognize the new standard deduction for head of households; Differentiate correct statements with respect to the changes to AMT under the new tax laws; Describe the new tax act and related individual deductions; Identify and apply individual credits and exclusions of the new tax act; Recognize tax areas which generally remained the same under the new tax regulations; Describe Roth IRA recharacterizations; Identify any trade or business other than a specified service trade or business and other than the trade or business of being an employee; Recognize the threshold amount for single filers; Describe the highest federal income tax rate for single individuals; Identify the new standard deduction for married couples filing jointly; Recognize the kiddie tax rates applicable to trusts and estates to the net unearned income of a child; Describe miscellaneous deductions subject to the previous 2% excess over a taxpayer's adjusted gross income have been eliminated as a result of the new tax act; Recognize new rates and amounts under the new tax act; Identify the new unified credit equivalent with respect to estate and generation-skipping transfer taxes.