2026 Federal Tax Law Updates is a comprehensive course that guides tax professionals through the most important legislative, regulatory, and interpretive changes affecting 2026 returns. Built around the One Big Beautiful Bill Act (OBBBA) and the IRS’s evolving guidance, this course explains what changed, what was eliminated, and what practitioners must document and defend when preparing returns.
Participants receive a practical breakdown of updated 2026 tax brackets, inflation-adjusted thresholds, standard deductions, capital gains rates, retirement contribution limits, and key filing deadlines. The course also addresses major credit eliminations, including electric vehicle and energy-related credits, and explains how 100% bonus depreciation now operates permanently, as well as when Section 179 still matters.
Special emphasis is placed on areas generating the most practitioner risk and client confusion, including deductions for tips and overtime, worker classification and misclassification remedies, updated 1099-K reporting thresholds, and gift and transfer tax rules that intersect with trusts and estate planning. Throughout the course, real-world examples and IRS forms are used to reinforce due diligence requirements and audit-ready documentation practices.
This course is designed to help tax professionals confidently apply 2026 tax law changes while protecting themselves and their clients as enforcement and interpretations continue to evolve.
Learning Objectives
After completing this course, participants will be able to:
- Identify 2026 federal tax bracket changes, standard deduction increases, and inflation-adjusted thresholds across all filing statuses
- Apply updated retirement plan contribution limits, phase-outs, and savings credit rules for 2026
- Explain the elimination of electric vehicle and energy-efficient tax credits under OBBBA and determine when credits no longer apply
- Distinguish between bonus depreciation and Section 179 in 2026, including when elections should or should not be used
- Properly apply new deductions for qualified tip income and overtime pay, including documentation and due diligence requirements
- Evaluate worker classification under updated IRS standards and identify corrective options for misclassification
- Interpret 1099-K reporting threshold changes and advise clients on taxable income even when forms are not issued
About the Presenter:
Dr. Bart A. Basi, the Senior Advisor at The Center for Financial, Legal & Tax Planning, Inc., is a distinguished attorney and CPA who also holds a Doctorate in Economics. As a Tax Course Instructor for the Internal Revenue Service’s Annual Filing Season Program, he educates tax preparers nationwide. Licensed in Illinois and New York and admitted to the United States Supreme Court, Dr. Basi imparts expertise to CPAs and attorneys on financial, legal, and tax matters. Renowned as a sought-after speaker, he addresses audiences on topics including taxes, mergers, acquisitions, succession planning, and valuations for private companies. Additionally, Dr. Basi serves as a trusted advisor, guiding businesses through the complexities of inflation and economic impacts on strategic decision-making for private companies.
