EVENT DESCRIPTION
The OBBBA tax law introduces sweeping changes affecting individuals, pass-through entities, corporations, and business owners beginning in 2026. This comprehensive 16-hour federal tax update — delivered across two 8-hour sessions — equips practitioners with the technical knowledge and strategic insight necessary to prepare, comply, and plan under the new rules. The individual session provides a deep dive into Form 1040 preparation, revised thresholds, credit modifications, phaseouts, and IRS procedural changes impacting individuals, families, and high-income taxpayers. The business session examines updates affecting partnerships, S corporations, C corporations, basis calculations, depreciation, credits, business deductions, and reporting requirements — with a focus on entity-level taxation and owner-level reporting. Both sessions emphasize practical application, real-world scenarios, and proactive planning strategies. This program is essential for tax professionals advising a broad range of clients navigating evolving federal tax law in 2026 and beyond.
EVENT OBJECTIVE
By the end of this program, participants will be able to:
• Identify and interpret key OBBBA provisions impacting both individual and business federal taxation in 2026.
• Apply updated income thresholds, phaseouts, and deduction modifications to Form 1040 scenarios.
• Apply updated rules to partnership, S corporation, and C corporation tax scenarios.
• Analyze changes to individual tax credits, itemized deductions, and above-the-line adjustments.
• Evaluate changes affecting business deductions, credits, and depreciation methods.
• Analyze the interaction between entity-level taxation and owner-level reporting, including basis, distributions, and capital accounts.
• Interpret IRS guidance and procedural updates related to compliance, enforcement, and audit risk.
• Implement proactive planning strategies to minimize tax liability for individuals and business clients under the new law.
• Advise clients on estimated payments, withholding adjustments, structural considerations, and strategic timing issues.
