Federal Tax Update – What’s New for Individuals and Businesses
From: $239.00
Date : March 5th , 2026
Time : 11am ET | 10am CT | 9am MT | 8am PT
Duration : 360 Minutes
Description:
The tax landscape has shifted dramatically. The One Big Beautiful Bill Act (OBBBA) doesn’t just extend what TCJA started — it reshapes it. Permanent rate structures, a dramatically expanded SALT cap, new exclusions for tip and overtime income, a $15 million estate exemption, and sweeping changes to business provisions have created both new planning opportunities and new compliance landmines for tax professionals navigating 2025 and 2026 filings.
Staying current isn’t enough. Your clients need you ahead of the curve.
This fast-paced, high-impact CPE session delivers exactly that. Built around Pat Garverick’s comprehensive manual and Quick Reference Chart, the course cuts through the noise of recent IRS notices, rulings, and court decisions to give you a clear, actionable picture of what changed, what it means for your clients, and what you need to do about it — right now. From individual filers to business owners to high-net-worth estates, every corner of the tax code touched by OBBBA is covered with the depth and practicality you expect from a top-tier CE program.
Whether you’re preparing 2025 returns, planning ahead for 2026’s new form requirements, or advising clients on structuring decisions that lock in today’s favorable provisions before phaseouts begin, this course gives you the tools, the frameworks, and the confidence to get it right.
Learning Objectives
Analyze OBBBA changes like permanent TCJA rates/standard deductions ($15,750 single/$31,500 joint for 2025), SALT cap to $40K (phasing 2026-2029), and no tax on tips/overtime (2025-2028).
Identify new legislation including IRS guidance on estate/gift exemptions to $15M (2026+), BEAT at 10.5%, and Form 1040/Schedule A updates for 2026 filings.
Evaluate corporate/partnership shifts such as permanent QBI, restored business interest (pre-TCJA ATI), excess loss caps at $250K/$500K, and new forms.
Assess business provisions: 100% bonus depreciation post-Jan 19, 2025, NOL rules, fringe benefits like $6K senior deduction (2025-2028).
Explain individual adjustments: Enhanced childcare credits, RMD tweaks, premium tax credit repayments (2026), and audit focus on SALT/QSBS.
Topics Covered
Federal Income Tax Updates: Inflation adjustments, new rulings, court impacts.
Big Beautiful Bill Changes: TCJA permanence, SALT hikes, tip deductions.
Business Tax Provision Revisions: QBI permanence, depreciation accelerations, NOLs.
Individual Income Tax Adjustments: Senior deductions, credits, auto loan interest.
OBBBA timelines: Lock SALT at $40K pre-phaseout, plan tip exclusions retro to 2025.
Form demos: Updated 1040 Line 13b, Schedule A SALT computations for 2026.
Case studies: QSBS stacking via trusts, business interest ATI recalcs.
Quick charts: Garverick’s references for RMD, premium credits, audits.
Strategy sessions: Pairing senior deductions with standard hikes for clients
Credits and Other information:
Recommended CPE credit – 6.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 360 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker
J. Patrick Garverick is recognized nationwide for his outstanding teaching in tax education, consistently earning top ratings and accolades such as the Award for Instructor Excellence and the Award for Outstanding Course Materials from the California Education Foundation. His courses—now available at a significant discount—are praised for their clear explanations, real-world relevance, and exceptional reference materials, earning perfect scores for both content and instruction from participants across the country.
