Individual and Business Tax Update: Navigating OBBBA and Key Filing Rules

What Preparers Need to Know About Major Federal Law Changes, Individual Impacts, Business Income Issues, and Compliance Challenges

Session 1: Federal Individual Tax Update: What the New Law Means for 2026 (January 27, 2026 | 12 PM ET | 240 Mins)

The One Big Beautiful Bill Act (OBBBA introduces wide-ranging changes that directly affect individual tax filings for the current season. This four-hour, practical update is designed to help tax professionals understand and apply the new rules impacting 2025 Form 1040 preparation. The session focuses on updated tax rates, deductions, credits, income thresholds, and planning considerations, with an emphasis on accurate filing and informed client guidance. Attendees will gain clear, actionable insight into how OBBBA reshapes individual tax compliance and year-end planning.

Session Objectives

• Prepare Form 1040 using the latest tax law changes under OBBBA
• Identify updated tax rates, brackets, and standard deduction amounts
• Apply revised rules for key credits, including the Child Tax Credit and EITC
• Address changes to income inclusion, exclusions, and phaseouts
• Recognize updates to standard and itemized deduction rules
• Analyze Qualified Business Income considerations for individual taxpayers
• Evaluate health-related and ACA tax updates affecting individual returns
• Recommend year-end tax planning strategies aligned with the new law
• Communicate legislative changes clearly to clients and internal teams

Session 2:  Business Income Tax Update: What the One Big Beautiful Bill Means for You (January 28, 2026 | 12 PM ET | 240 Mins)
 
The One Big Beautiful Bill Act (OBBBA) introduces major business tax changes that directly affect the 2026 filing season for 2025 business returns. This four-hour, practical session breaks down how the new law applies to corporations, partnerships, LLCs, and sole proprietors, with a clear focus on return preparation, compliance, and planning. The course covers updated tax rates, deduction limitations, credits, and reporting requirements, helping professionals understand how OBBBA reshapes business taxation across entity types. Emphasis is placed on applying the rules accurately, evaluating planning opportunities, and navigating compliance challenges with confidence.
 
Session Objectives

• Identify key 2025 business tax law changes under the One Big Beautiful Bill Act
• Apply revised corporate, partnership, and pass-through tax rates
• Evaluate updated rules affecting Section 199A deductions
• Analyze changes to depreciation, expensing, and capitalization limits
• Determine how new and expanded business credits apply
• Recognize payroll, fringe benefit, and employment tax updates
• Assess partnership and S corporation reporting changes
• Integrate planning strategies to optimize business income reporting
• Communicate legislative changes clearly to business clients and internal teams

Who Should Attend

CPAs, EAs, and other Tax Professionals