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Tax Update: The One Big Beautiful Bill Act of 2025 (OBBBA)


  • EVENT DATE:

    Oct 03, 2025

  • PRESENTER(s): Nick Preusch

  • 01:00 PM ET| 12:00 PM CT| 10:00 AM PT| 120 Minutes

  • Product Code::TL317



Description


Tax Update: The One Big Beautiful Bill Act of 2025 (OBBBA) : 


Congress has enacted another comprehensive piece of legislation with significant impacts on tax professionals, businesses, and individual taxpayers. Nicknamed—whether fondly or with irony—the “One Big Beautiful Bill,” this latest omnibus tax package introduces new tax credits, extends key provisions, and brings critical compliance and regulatory changes that practitioners must grasp to stay informed and compliant.


This course simplifies the complexities of the new legislation into actionable insights for CPAs, EAs, attorneys, and financial advisors. It highlights the most significant changes, hidden pitfalls, and valuable planning opportunities woven throughout the extensive statutory text. Renowned tax expert Warren Bergstein brings these dense updates to life with practical, real-world guidance and clear analysis.


Learning Objectives :-

  • Identify and summarize the key provisions in the latest comprehensive tax bill and their potential impacts.
  • Apply new tax credits and deductions to relevant client scenarios, including energy incentives and expanded child tax provisions.
  • Evaluate changes to compliance requirements, such as reporting thresholds, filing deadlines and preparer responsibilities.
  • Interpret transitional guidance and implementation timelines to effectively plan for client engagement and tax strategies.
  • Develop proactive communication strategies to educate and prepare clients for the new legislative landscape.


Topics Covered :-

  • Extension and expansion of business credits and deductions
  • Modifications to individual tax relief provisions
  • Changes to IRS enforcement and funding
  • International tax implications (if applicable)
  • Penalty relief and compliance thresholds
  • Updated filing requirements and deadlines
  • Key planning opportunities before year-end


Who Will Benefit:

  • Certified Public Accountants (CPA)
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners
  • Advertising Individuals
  • Small Businesses & Large Entities


Credits and Other information:-

      - Session Duration: 2 Hours

      - Case Studies and Live Q&A session with speaker

      - Power Point presentation for reference

      - Session learning level: Basic

      - Delivery method: Group Internet Based

      - IRS Credits: 2 Tax Hours

      - IRS CE Provider: #PUPOT

       - Recommended field of study – Taxes

       - Session Prerequisites and preparation: None

       - Location: Virtual/Online

       - Attendance Requirement:  Yes


Speaker Profile:

Nick Preusch CPA, JD, LLM

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues.


Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and procedure.


Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and CPA Practice Advisor’s Top 40 Under 40. He is a member of the VSCPA’s Tax Advisory Committee and Ethics Committee, and the AICPA’s Tax Practice and Responsibilities Committee.



             - IRS CPE Credits: 2 (Taxes)                      This Program has been approved
                                                                                           for 2 CPE hours under IRS.
             - IRS CE Provider ID: #PUPOT



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