EVENT DESCRIPTION
The 2026 filing season brings significant changes for individual taxpayers following the implementation of the OBBBA tax law updates. This comprehensive 8-hour program provides a deep dive into the most impactful federal changes affecting Form 1040 preparation, compliance, and planning. Participants will explore legislative updates, revised thresholds, credit modifications, phaseouts, reporting requirements, and IRS procedural changes that directly impact individuals, families, and high-income taxpayers. The course emphasizes practical application, real-world scenarios, and proactive planning strategies so practitioners can confidently guide clients through shifting rules. This program is designed for tax professionals who prepare individual returns and want clarity, technical accuracy, and forward-looking planning insights for 2026 and beyond.
EVENT OBJECTIVE
By the end of this program, participants will be able to:
• Identify and explain major OBBBA changes affecting individual taxpayers for tax year 2026.
• Apply updated income thresholds, phaseouts, and deduction modifications to Form 1040 scenarios.
• Analyze changes to individual tax credits, including eligibility and documentation requirements.
• Evaluate the impact of legislative changes on itemized deductions and above-the-line adjustments.
• Interpret IRS guidance and procedural updates related to compliance and enforcement.
• Implement planning strategies to minimize tax liability under the new law.
• Recognize areas of increased audit risk related to recent federal changes.
• Advise clients proactively on estimated payments, withholding adjustments, and strategic timing issues.
