The 2025 One Big Beautiful Bill Act introduces significant updates that reshape how businesses manage deductions, credits, and compliance obligations. This course covers the permanent 100% bonus depreciation rules, enhanced Section 179 expensing, and new provisions for domestic R&D expensing. Learners will also explore the expansion of childcare credits, adjustments to Opportunity Zones, updated reporting thresholds for Forms 1099, and changes to Qualified Small Business Stock exclusions. With additional focus on repealed and restricted energy credits, the course provides a complete roadmap for understanding and applying OBBBA’s new business provisions with accuracy and confidence.
This one-hour course counts for 1 hour of IRS CE under the category of Federal Tax Law Related Matters.
Learning Objectives
By the end of this course, learners will be able to:
- Understand how OBBBA provisions affect deductions, including depreciation, Section 179, and R&D expensing.
- Recognize changes to credits for childcare, Opportunity Zones, and Qualified Small Business Stock.
- Apply compliance updates related to 1099 reporting thresholds and the termination of energy credits.
About the Presenter:
Dr. Bart A. Basi, the Senior Advisor at The Center for Financial, Legal & Tax Planning P.C., 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.
