Tax Update Webinar
Overview
Tax laws are constantly changing. Tax and financial professionals need to stay current to understand the impact of these changes and to minimize taxes. This practical webinar provides a comprehensive update and an instant working knowledge of all key tax provisions. You’ll benefit from:
- A detailed explanation of recent income tax legislation, including the One Big Beautiful Bill Act (OBBBA)
- A review of recent revenue rulings, regulations and court cases
- An update of pending tax legislation and other developments
- In-depth examination of practical examples and insights from other practitioners
This course qualifies for IRS Continuing Education Credit.
Objective
To provide CPAs with technical analysis and practical planning ideas based on the latest developments in tax legislation (including the One Big Beautiful Bill Act), litigation, regulations and rulings. The discussion format for this webinar encourages exchange of experiences among practicing professionals.
Emphasis
- Overview of the One Big Beautiful Bill Act
– Extension and enhancements on reduced rates for individuals
– Deductions for seniors
– Limitation on SALT deductions
– Potential impact on the Tax Cuts and Jobs Act
– Corporate tax provisions
– Tax credit for contributions
– Impact on energy credits
– Excise tax on transfers - Tax Law Changes to Individual Tax Provisions
– Effects of the OBBBA
– Lowered rates
– Significant use of standard deduction
– Continuing personal exemption of zero
– Mortgage interest premiums
– New “floor” for charitable deductions
– Casualty and theft losses
– Child tax credit
– Earned income tax credit
– Health savings account
– Premium tax credits
– Business interest deduction
– Energy credits - Effects of the TCJA Extension or Expiration
- Capital Gains Provisions
- New Limitations on Excess Business Losses
- The Benefits of the Pass-Through Entity (PTE)
- Recent Tax Law Changes to Estate and Trust Tax Provisions
- New Tax Laws Regarding Retirement Plans
- Mortgage Interest Deduction
- Deduction for Pass-Through Income, Changes to Section 199A, and How it Applies to Sole Proprietorships, General and Limited Partnerships, Trusts, Estates, LLCs, C Corps, & S Corps
- Changes to Business Tax Provisions/Planning Considerations
– Corporate tax rates, compensation, business interests, and NOLs
– Research and experimentation expenditures
– Depreciation
– Revenue recognition - Tax Incentives for Qualified Opportunity Zones
- Recent Court Cases, Rulings & Regulations Affecting Individuals & Businesses
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