Live Stream: The One Big Beautiful Bill Act: What You Need To Know
405 | Livestream | Update | Scheduled
Description
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. Mastering these crucial provisions requires multiple exposures to these challenging tax changes. This program is a four-hour review and analysis of the most important changes from the OBBBA that impact both individual and business taxpayers. This course affords accounting and finance practitioners an opportunity to gain a broader, deeper understanding of this wide-ranging set of new tax rules, to grasp what is new and what is a continuance of prior rules, and to develop deeper planning insights into the many changes that the OBBBA contains.
To the extent that the Treasury has provided guidance relating to OBBBA changes, we will discuss that guidance. We will also point out areas where Treasury guidance would be useful and areas where guidance is expected.
Credits
Number of Credits | Type of Credits |
---|---|
4.00 | Taxes |
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.
Prerequisites
A basic understanding of the tax rules impacting individuals and businesses.
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
Objectives
Be well informed about individual and business tax changes resulting from the OBBBA.
Prices
- Member (Early Bird)
- $189.00
- Non-Member (Early Bird)
- $249.00
- Member
- $189.00
- Non-Member
- $249.00
Instructors
John M. Kilroy
John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting.
John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics.
John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.
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