Unpacking OBBA for Business Taxpayers
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
The One Big Beautiful Bill is now the One Big Beautiful Act (Signed into law on July 4, 2025)! This program provides a summary of the major business provisions of the OBBBA of 2025 (H.R. 1), focusing on provisions that have been extended and/or made permanent without changes and those provisions which had major changes or are new for 2025 and beyond.
Objectives
After attending this presentation, you will be able to:
- Identify business provisions of the OBBA of 2025
- Identify key compliance issues
- Analyze tax planning implications of OBBA of 2025
Highlights
The major topics that will be covered in this course include:
- New law provisions applicable to businesses, including bonus depreciation of nonresidential real estate
- An overview of provisions of existing law extended or made permanent without substantial change, including qualified opportunity zones
- Provisions of existing law extended or made permanent with substantial change, including bonus depreciation, Sec. 179 immediate expense deduction, deduction of research and experimentation expenses, and cash method of accounting.
- Repealed existing law, including the commercial clean vehicle credit and electric car charger credit.
Designed For
CPAs in public practice and industry seeking an update on recent legislative changes impacting business taxpayers.
Prerequisites
Basic knowledge of business taxation.
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steve is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 33 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics.
In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting. He received the 2005 "Distinguished Achievement in Accounting Education Award" in Michigan. He also received the 2007 "MSU Accounting and Information Systems Department Outstanding Teacher Award."
He obtained his Ph.D. in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Non-Member Price $124.00
Member Price $89.00