What Practitioners Need to Know About the One Big Beautiful Bill Act (OBBBA) and Its Extensive Reach (ONEB)

Michael J. Tucker, JD, CPA (moderator), Karen E. Davis, EA, Edward A. Renn, Esq.
  • 3
  • Update
  • Taxes
On-site : Not available; please select a webinar
Webinar : December 18, December 30
Broadcast Times

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Overview

This program reviews the One Big Beautiful Bill Act (OBBBA) tax changes you need to understand to advise your individual and business clients. It outlines what is new and what is a continuance of prior rules to enable deeper tax-planning insights. The course will include Treasury guidance relating to OBBBA changes and identify areas where Treasury guidance may be forthcoming.  

Panelists are subject to change. 

Major Topics:

  • 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 and Section 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 Section 1202 stock 
  • Termination of credits for environmentally clean autos and expenditures 
  • Many other individual and business income tax changes contained in the OBBBA 

Learning Objectives

  • Be well informed about individuals and business tax changes resulting from the OBBBA

Accounting and finance professionals needing to understand the individual and business tax changes brought about by the OBBBA

A basic understanding of the tax rules impacting individuals and businesses

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Varies by state. Check back soon for details