The tax landscape is shifting fast -- are you ready for the upcoming tax season? Get the critical updates you need to keep your clients ahead. From the sweeping new legislation – One Big Beautiful Bill Act (OBBBA) -- to IRS guidance and court rulings, learn about the key changes impacting individuals and businesses. Packed with planning strategies and practical insights, this update equips you to navigate complexity, uncover opportunities and provide trusted advice in the year ahead.

New tax laws, new cases, IRS guidance, and inflation-driven cost-of-living increases in numerous tax rules present planning opportunities for your clients. Your guidance is needed to help clients navigate the new tax landscape now and get ready for upcoming tax changes. This two-hour CPE course presented by experienced practitioner and instructor Warren M Bergstein, will provide an update on critical year-end tax steps for your individual and Business clients.

Learning Objectives:

  • Summarize the key provisions of the One Big Beautiful Bill Act (OBBBA) and their implications for tax planning
  • Identify other critical tax developments from the past year affecting compliance and client strategies
  • Analyze how recent legislation impacts individuals and businesses
  • Apply practical planning strategies to help clients maximize opportunities under the new law
  • Identify the latest developments in federal taxation for individual taxpayers
  • Recognize and apply recent developments to year-end tax planning
  • Identify open tax questions and what to do now
  • Recognize strategies for individuals to minimize their tax bill
  • Prepare for tax changes in 2026

Key Topics Covered:

  • One Big Beautiful Bill provisions, including new deductions for overtime, tips and car loans; expanded SALT deduction; revised itemized deduction phase-out; updates to Section 199A, bonus depreciation and excess business losses; PTET deduction rules; permanent extensions of individual tax rates; increases to the standard deduction; changes to employer-provided meals; and estate and gifting opportunities
  • Roth accounts -- new "Rothification" of catch-up contributions
  • Administrative releases, including IRS guidance on misclassification of employees as independent contractors
  • Developments in the self-employment tax of LLC members
  • New regulations on administrative appeals before the IRS
  • Changes to Form 1040, including new Form 1-A for car loan interest, tips and overtime deductions
  • Changes to Form W-2 to accommodate OBBBA

Who Will Benefit?

Tax professionals who want to stay current on recent tax law changes, legislative updates and IRS guidance impacting both individuals and businesses

Credits and Other information :

  • IRS CPE Credits: 2.0 TAX
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Session Duration: 120 Min
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

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PRESENTER(s): Dayna J. Reum
EVENT DATE - 2025-08-19