This advanced technical update delivers an in-depth analysis of the most significant individual and business tax provisions enacted under the One Big Beautiful Bill Act (OBBBA). Recorded on January 21, 2026, this course addresses how these changes impact both 2025 and 2026 tax years, with a strong focus on complex planning issues, high-income considerations, and business owner strategies.
Participants will explore permanent TCJA extensions, expanded §199A QBI thresholds, reinstated 100% bonus depreciation, enhanced §179 expensing, and restored research and development expensing. The course also examines major changes to estate and gift tax exclusions, alternative minimum tax thresholds, business interest limitations, qualified small business stock (QSBS) rules, and other provisions that materially affect long-term tax planning and transactional decisions.
Learning Objectives
Upon completion, participants will be able to:
- Analyze expanded §199A QBI thresholds and permanent extensions for 2025 and 2026
- Apply updated bonus depreciation, §179 expensing, and R&D expensing rules
- Evaluate estate, gift, and GST exemption increases and related planning strategies
- Interpret changes to AMT, business interest limitations, and excess business loss rules
- Assess new QSBS provisions and other high-impact business tax changes under OBBBA
This course counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About the Presenter:
Doug Stives is considered a worldwide leader in public and management accounting by AICPA & CIMA. He is a CPA, MBA, and recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.
