Accuracy in applying 2026 credits and deductions is critical as OBBBA provisions permanently reshape the tax landscape. This detailed compliance-oriented course reviews the technical requirements, IRS forms, documentation standards, and reporting considerations tied to key individual and business tax provisions.
Participants will examine:
• Schedule 8812 calculations for Child Tax Credit and ODC
• Form 8839 reporting for Adoption Credit
• Form 8863 requirements for education credits
• Form 8880 Saver’s Credit computations
• Schedule C mileage vs. actual expense substantiation rules
• Depreciation requirements under IRC §168(k) and Section 179
• Home office simplified vs. regular method documentation
• Business meal deductibility percentages and exceptions
The course emphasizes due diligence, eligibility documentation, income phase-outs, and proper election procedures to reduce audit exposure and filing errors.
Learning Objectives
Upon completion, participants will be able to:
- Complete required forms for major 2026 credits and deductions.
- Apply documentation standards for Schedule C vehicle and home office deductions.
- Determine when bonus depreciation elections must be made on a timely filed return.
- Identify refundable vs. nonrefundable credit treatment.
- Recognize phase-out thresholds and income limitations affecting eligibility.
About The Presenter:
Roman A Basi Attorney/CPA
Roman Basi is the President of the Center for Financial, Legal & Tax Planning, PC. He is an Attorney and CPA and holds a Master’s Degree in Business Administration. Roman is also a Real Estate Broker, Title Insurance Agent, and a Private Pilot with an instrument rating. His law and accounting practice focuses on Mergers and Acquisitions of Privately Held Companies across the U.S., as well as Business Valuations, Succession Planning, Estate Planning, Corporate Law, Tax Law, and Real Estate. Roman is a highly sought after speaker touring the nation on a continuous basis speaking to numerous Associations. He is also the President and Managing Broker of Heartland Realty & Rentals, Inc. and the Managing Member of Woodland Rental Properties, LLC – companies that own and manage approximately 300 units of real estate located in Southern Illinois and Southwest Florida. Roman and his wife Brandi of 27 years, reside on Clearwater Beach, Florida. They have two daughters, Alexis, 22, is a third-grade teacher in Nashville, Tennessee, and Marissa, 25, is a pilot with Envoy (American Airlines).
