Latest IRS Update and Guidance on OBBBA Provisions (IUOB)

This program reviews many of the One Big Beautiful Bill Act (OBBBA) tax changes enacted in 2025 and IRS guidance associated with OBBBA provisions issued by the IRS in 2025 and 2026 to date. The panelists will discuss the most important topics practitioners need to know about and up-to-date IRS guidance that sheds light on how the changes are applied.

Panelists are subject to change.

• The $6,000 senior deduction
• The qualified business income (QBI) deduction
• Estate tax changes
• Wagering losses
• The SALT cap
• Taxation of tips and overtime
• Car loan interest deduction
• Form 1099 reporting changes
• Trump accounts
• Investments in students and education
• Bonus depreciation and §179 changes, including depreciation for qualified production property
• Full expensing of domestic research and experimental expenditures
• Changes in the deduction of business interest and business losses
• Renewal of Opportunity Zones
• Individual and corporate charitable contribution changes
• Expansion of §1202 stock
• Many other individual and business income tax changes contained in OBBBA

• Be well informed about individual and business tax changes and the IRS guidance associated with some changes resulting from OBBBA