DP&C – What H.R. 1, Commonly Known as OBBBA, Means for You and Your Clients: Breaking Down Key Tax Provisions
Description
The “Big Beautiful Bill” is the most significant tax law package since the TCJA, and it’s now law. With dozens of TCJA provisions made permanent and plenty of new rules introduced, this session is packed with critical content for tax professionals. You’ll walk away understanding what’s changed, what’s new, and what to prepare for across individual, business, and estate taxation.
Art Werner breaks down key topics like bonus depreciation, enhanced 199A deductions, Trump accounts, SALT cap changes, estate planning, charitable limits, 1099-K thresholds, and much more. He’ll also examine areas with future sunsets, business incentives, and international tax provisions that could impact clients at all income levels.
Learning Objectives
At the end of this course, you will be able to:
Identify the major tax provisions included in The One Big Beautiful Bill Act
Recognize changes to the Internal Revenue Code.
Distinguish how the bill affects individual tax planning strategies
Recall the impact of the bill on pass-through business taxation
Recognize changes to corporate and international tax rules
Identify estate and gift tax modifications under the legislation
Recognize changes to depreciation and expensing rules
Identify the tax planning implications for clients affected by international provisions
Recognize the impact of the legislation on 529 plans and new Trump accounts
Major Topics
Extension of individual TCJA provisions
Expansion of IRC Section 199A
Bonus depreciation and Section 179 updates
Changes to the standard deduction and personal exemptions
Child tax credit revisions
Business interest deduction limits
Estate and gift tax thresholds
International tax changes and foreign surtax provisions
Creation of Trump Accounts and expansion of 529 plans
1099 reporting threshold changes and other administrative updates
Provider
Business Learning Institute
Course Level
Update
CPE Field of Study
Taxes
4.0
Who Should Attend
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers
Instructor(s)
Arthur Werner
Prerequisites
Experience as a CPAs, EAs, attorney, financial planner, insurance agent, or banker.
