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Quimbee Tax Law CLE Online
If you're looking for a simple, engaging way to learn about tax law and fulfill your continuing legal education (CLE) requirements, look no further than Quimbee CLE online.
All Quimbee CLE online courses are built from the ground up by our world-class team of attorneys and designers. Our goal is to create a product that will not only help you meet your CLE requirements, but will actually be enjoyable. Sign up for a Quimbee CLE course today!
An Overview of Tax Law
Tax law encompasses the rules and regulations regarding taxation of individuals, entities, and corporations. Tax law covers all forms of taxes, including income tax, estate tax, business tax, payroll tax, property tax, gift tax, and exports/imports tax. Taxes can be levied by local, state, and federal authorities. Article 1, Section 8 of the Constitution gives Congress the power to lay and collect taxes on behalf of the federal government.
The federal income tax is the predominant form of taxation in the U.S., with the federal government collecting roughly half of its revenue from income tax. The first income tax in America was instituted through the Revenue Act of 1861. The income tax was later repealed, but was reinstated in 1913 with the passage of the Sixteenth Amendment. Today, the Internal Revenue Code is found in Title 26 of the United States Code (26 U.S.C.).
Corporate taxes also represent a significant percentage of government revenue. Under the Tax Cuts and Jobs Act of 2017, Pub.L. 115–97, the federal corporate tax rate is set at a flat 21%. As with individual income taxes, corporate taxes at the state and local taxes vary by jurisdiction.
Who Should Take CLE Courses in Tax Law?
Because tax law is highly intricate and ever-changing, it's imperative for tax lawyers to regularly pursue educational opportunities in their practice area. The tax code receives annual updates, and these updates can have a significant impact on clients. At just $49 per credit hour, a Quimbee CLE course in tax law is one of the most cost-effective and efficient ways to stay up-to-date on the latest developments in tax law.