The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, represents the most comprehensive federal tax legislation in years. This IRS-approved course provides tax preparers and enrolled agents with a clear, detailed breakdown of how OBBBA reshapes both individual and business tax landscapes. You’ll explore key updates to standard deductions, child and dependent credits, estate exemptions, SALT limitations, and specialized deductions for tips, overtime, and car loan interest. On the business side, we’ll cover permanent 100% bonus depreciation, Section 179 expansion, Qualified Production Property rules, Opportunity Zones, R&E expensing, QSBS revisions, and updated reporting thresholds.
This training equips professionals with actionable insights, ensuring compliance while uncovering new tax-saving strategies for clients in 2025 and beyond.
This course counts for 1 hour of IRS CE under the category of Federal Tax Law Related Matters.
Learning Objectives:
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- Identify and apply major OBBBA updates impacting individuals, including permanent tax brackets, standard deductions, and expanded credits.
- Evaluate deductions and phase-outs for seniors, tips, overtime, and car loan interest.
- Explain business tax updates, including bonus depreciation, Section 179, R&E expensing, and Qualified Production Property depreciation.
- Assess planning opportunities with enhanced credits, Opportunity Zones, and updated QSBS rules.
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.
