Accounting and finance practitioners are still grappling with the many changes OBBBA has made to the tax laws, many of which will impact tax filings. This program is an introduction to and review of some of these critical changes and their impact on taxpayers.
DESIGNED FOR
Accounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the tax changes brought about by the OBBBA
BENEFITS
- Understand the many new tax changes taking place as a result of OBBBA
- Advise clients with regard to planning strategies they could profitably adopt in light of the OBBBA changes
HIGHLIGHTS
- Changes to the standard deduction
- Senior deduction
- Deduction for auto loan interest
- Estate tax changes and the portability option
- Tax consequences associated with investing in revised opportunity zones
- Full expensing of domestic R&E
- Individual and corporate charitable contributions
- Wagering losses
- Student loan discharges
- Taking advantage of scholarship granting organizations (SGOs)
- Dependent care assistance program
ADVANCE PREPARATION
None