The One Big Beautiful Bill Act (OBBBA) continues to evolve, and the IRS has released late-breaking guidance that clarifies several key areas for 2025. In this 2-hour session, Jason Dinesen will review the newest information, including the latest IRS updates and the recent clarifications related to tip income and overtime under OBBBA.

This session takes a practical, return-focused approach to key OBBBA provisions, including the new deductions for qualifying tips and overtime, reporting relief for 2025, and the significant reporting changes coming in 2026. Attendees will gain clarity on what qualifies, what does not, and how to handle situations where information is incomplete or reporting forms have not yet caught up with the law.

Beyond OBBBA, the webinar also covers late-breaking IRS guidance, proposed regulations, and real-world tax preparation issues—such as Trump Accounts, the $6,000 senior exemption, auto loan interest deductions, recent court cases, Circular 230 updates, postmark rule changes, and why proper reporting matters more than ever in audits and amended returns.

Designed to help tax professionals prepare with confidence, this program emphasizes what is known, what is still developing, and how to apply current guidance accurately and defensibly on client returns.

Learning Objectives

After attending this webinar, participants will be able to:

• Identify how the OBBBA deductions for qualifying tips and overtime apply in practice, including eligibility rules, limitations, and common problem areas.
• Distinguish between the 2025 reporting relief and the expanded reporting requirements scheduled to begin in 2026.
• Apply IRS notices and proposed guidance related to Trump Accounts, senior exemptions, and auto loan interest deductions.
• Recognize common tax preparation pitfalls involving tips, overtime, worker classification, and proper reporting across forms.
• Evaluate recent court cases and IRS developments that impact documentation standards, audits, and amended returns.

This webinar counts for 2 Hours of Federal Tax Law for IRS Continuing Education. 

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.