Date and Time: Thursday, December 11 – 9:00 am – 12:40 pm EST
Description:This program provides comprehensive coverage of the major business provisions of the OBBA of 2025 (H.R. 1), with detailed examples of provisions which were extended, made permanent with substantial changes, and new for 2025 and beyond.
Learning Objectives:
- Familiarize participants with business provisions of the OBBA of 2025.
- Identify key compliance issues.
- Provide numerical examples of changed and new provisions.
- Discuss tax planning implications of OBBA of 2025.
Program Content:
- An overview of provisions of existing law extended or made permanent without substantial change, including qualified opportunity zones.
- Detailed examples of existing law provisions 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.
- New law provisions applicable to businesses, including detailed examples of bonus depreciation of nonresidential real estate.
- Repealed existing law, including the commercial clean vehicle credit and electric car charger credit.
Who should attend: CPAs in public practice and members in industry seeking the latest business tax developments.
Program Level: Intermediate
Developed By: Federal Tax Workshops, Inc
Instructor: Steven C. Dilley, CPA, JD, PhD
CPE Credit: 4
Field of Study: Taxes
Prerequisites: Basic knowledge of business taxation.
Advanced Preparation: None
Qualifies for IRS PTIN Credit
Course Content
Steven C. Dilley, CPA, JD, PhD
Steve is President of Federal Tax Workshops, Inc., where for over 40 years, he has developed and presented continuing education seminars and webinars on tax, accounting and ethics topics for accountants and attorneys throughout the country. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business and has published numerous articles on these topics.
In addition, Steve is a Professor Emeritus of Accounting at Michigan State University, East Lansing, where he taught tax accounting. He has been received the “Distinguished Achievement in Accounting Education Award” in Michigan, as well as the MSU Accounting and Information Systems Department Outstanding Teacher Award.
Course materials are only available to students enrolled in the course.