Is the new provision more favorable or less favorable to the taxpayer? Be sure to support your comments with information you find in the library or in the IRS code.

Review the IRS webinar on Tax Reform Basics for Small Entities and Pass The video highlights several provisions of the Tax Cuts and Jobs Act (TCJA) that impact small entities and pass-through entities. Pick one of the tax changes highlighted in this webinar and explain to a client how it differs from pre-TCJA law.