The One Big Beautiful Bill Act (OBBBA) introduced major tax law changes, but understanding how those changes apply in real-world tax preparation is where things become more complicated.
Recorded on May 6th, 2026, this course walks through the latest implementation guidance, reporting updates, deduction changes, and planning opportunities tied to OBBBA, along with additional IRS developments that may impact clients in 2026 and beyond.
Presented by Jason Dinesen, EA, this course focuses on practical application, not broad legislative summaries, so you can better understand how evolving rules may affect tax returns, planning conversations, and future filing seasons.
Learning Objectives
After completing this course, participants will be able to:
- Explain new tips deduction rules under OBBBA
- Identify new W-2 and 1099 reporting changes
- Evaluate charitable deduction planning opportunities
- Understand updated 529 plan rules
- Explain Trump Account provisions
- Recognize planning implications from the Kwong case
This course counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
Frequently Asked Questions (FAQ)
What OBBBA topics will be covered?
Topics include:
· New tips deduction rules
· 2026 W-2 reporting changes
· 1099 reporting updates for self-employed taxpayers
· Charitable deduction changes
· Trump Accounts
· 529 plan updates
· Educator expense changes
· Vehicle interest deductions
· The Kwong case and potential refund opportunities
· Additional planning strategies for tax professionals
Will this course cover the new tips deduction rules?
Yes. This course includes a detailed breakdown of updated tips deduction rules for both W-2 employees and self-employed taxpayers, including new reporting requirements that begin in 2026.
What are the new 2026 reporting changes discussed in this course?
Jason covers upcoming reporting changes involving:
- W-2 reporting for qualifying tips
- Box 12 reporting updates
- 1099-K reporting changes
- 1099-NEC reporting updates
- Self-employed reporting requirements
These changes may directly affect how tax professionals prepare returns in future filing seasons.
Will this course explain charitable deduction changes?
Yes. The course covers new charitable deduction rules for both itemizers and non-itemizers, including planning opportunities that may impact deduction decisions.
What are Trump Accounts?
Trump Accounts are new savings accounts created under OBBBA that may offer planning opportunities for families. Jason will explain how these accounts work and what tax professionals should know.
Does this course cover 529 plan changes?
Yes. This course discusses expanded qualified uses for 529 plans, including education-related expenses that may now qualify under updated rules.
Will the course discuss the Kwong case?
Yes. Jason reviews the recent Kwong case and discusses how it may impact penalty and interest refunds, including potential protective claims.
About the Presenter:
Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert, and a well-known presenter of continuing education courses.
Known for his sharp tax interpretations, he is one of the quickest to bring the analysis of the latest tax updates and IRS guidance to the professional community. Jason has coached over 200,000 accounting, tax, and HR professionals on various topics of accounting, individual taxation, corporate taxation, professional ethics, and much more.
He has presented dozens of webinars on Form 1099 (for 10 years on this subject!), marriage in the tax code, tax updates, the new Form W-4, payroll updates, filing status, tax credits, corporation and partnership taxation, and other issues relating to the modern-day setting.
