Many accounting and finance practitioners have had difficulty understanding and applying the One Big Beautiful Bill Act (OBBBA). Accounting and finance practitioners are still confused and challenged by many of the new and extended tax provisions that the OBBBA delivered.
DESIGNED FOR
Accounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the individual and business tax changes brought about by the OBBBA
BENEFITS
- Be well informed about individual and business tax changes resulting from the OBBBA
HIGHLIGHTS
- The $6,000 senior deduction
- The QBI deduction
- Changes in the estate tax
- Wagering losses
- The SALT cap
- Tips, overtime, and car loan interest
- 1099 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
ADVANCE PREPARATION
None