Federal Tax Update: Individuals and Business

Federal Tax Update: Individuals and Business :-

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. This is a “must-attend” course for all tax practitioners who want to be up to speed quickly and have a successful Federal individual and business income tax filing season.

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 four-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

Session Highlights: 

• Overview of the 2026 Tax Landscape
• Individual Tax Updates
• Business Tax Updates
• Estate, Gift, and Generation-Skipping Transfer Tax
• IRS Enforcement & Compliance Updates
• Strategic Tax Planning for 2026
• Q&A and Practical Case Studies

Credits and Other information:

• Recommended IRS CPE credit – 4.0
  
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Advanced
• Location: Virtual/Online
• Delivery method: Group Internet Based
• IRS CE Provider: #PUPOT
• Attendance Requirement:  Yes
• Session Duration: 4 Hours
• Case Studies and Live Q&A session with speaker
  
• PowerPoint presentation for reference

Who Will Benefit:

• CPA's
• Enrolled Agents (EAs)
  
• Tax Professionals
• Tax and Estate Planning Attorneys
• Accountants
• Registered Agents
• Tax Compliance Managers
• Other Tax Professionals
• Finance professionals