2026 Federal Tax Law Updates provides an in-depth review of the legislative and regulatory changes shaping the 2026 filing environment. This course focuses on how new federal tax laws, inflation-adjusted thresholds, and IRS interpretations affect individual and business returns.
Participants will examine updated tax brackets, standard deductions, capital gains thresholds, and retirement contribution limits, along with significant changes to credits, depreciation rules, and income reporting. The course also addresses high-risk compliance areas, including tip and overtime deductions, worker classification standards, updated information reporting thresholds, and gift and transfer tax considerations.
Designed with a practical, return-focused approach, this course emphasizes application, documentation, and due diligence to help practitioners prepare accurate returns while minimizing exposure as IRS guidance continues to evolve.
Learning Objectives
After completing this course, participants will be able to:
- Apply updated 2026 tax brackets, standard deductions, and inflation-adjusted thresholds
- Interpret changes to credits, depreciation rules, and retirement contribution limits
- Evaluate compliance considerations related to tip income and overtime deductions
- Analyze worker classification standards and identify misclassification risks
- Apply updated information reporting rules, including revised 1099-K thresholds
- Recognize gift and transfer tax issues that may impact income tax preparation
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.
