The One Big Beautiful Bill Act (OBBBA) changed far more than the tax code. Over the past year, the IRS has continued releasing guidance, draft forms, and implementation rules that affect how tax professionals prepare returns, advise clients, and plan for the future.

This course, recorded on July 23, 2026,  reviews the most significant developments issued since the law was enacted and explains what they mean in real-world practice. You'll receive practical guidance on the latest IRS rules for the new Tips Deduction, Qualified Overtime Deduction, updated mileage rates, Automatic Exemption from Penalty (AEP), Trump Accounts, gift tax considerations, draft IRS forms, and the IRS's newest guidance on using Artificial Intelligence responsibly under Circular 230.

Rather than simply reviewing the legislation, this course focuses on how the IRS is interpreting and implementing the law, helping you stay current with the latest developments before filing season.

Whether you're preparing returns, answering client questions, or planning ahead for future tax years, you'll leave with practical knowledge you can immediately apply.

This course qualifies for 2 Hours of Federal Tax Law Continuing Education for IRS CE.

Learning Objectives

After completing this course, you will be able to:

• Explain the latest IRS guidance affecting OBBBA implementation.
• Identify who qualifies for the new Tips and Qualified Overtime deductions.
• Apply current reporting requirements involving Forms W-2, 1099-NEC, and 1099-K.
• Recognize recent IRS changes involving mileage rates and penalty relief.
• Understand gift tax considerations related to Trump Accounts.
• Identify recent IRS guidance on responsible Artificial Intelligence use under Circular 230.

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. 

Frequently Asked Questions

Is this course about the original OBBBA legislation?

No. This course focuses on the IRS guidance, regulations, and practical implementation issued after the law was enacted.

Will this course discuss the new Tips Deduction?

Yes. The course explains qualifying occupations, reporting requirements, Forms W-2 and 1099 reporting, and recent Treasury guidance.

Does this course cover Artificial Intelligence?

Yes. You'll review the IRS's latest AI guidance, Circular 230 responsibilities, and practical considerations for using AI in a tax practice.

Will draft IRS forms be discussed?

Yes. The course reviews recently released draft forms and explains how they may affect future tax preparation.