Date: March 19th , 2026

Time: 11am ET | 10am CT | 9am MT | 8am PT

Duration: 360 Minutes

Description:

OBBBA solidifies TCJA elements while adding 2025-2026 complexities like SALT expansions, tip/overtime exclusions, and $15M estate exemptions, demanding updated forms and strategies. This fast-paced CPE delivers IRS notices, rulings, and cases via Pat Garverick’s manual and Quick Reference Chart, covering individuals, businesses, and owners. Professionals gain practical tools for compliance amid rate permanence (10%-37%) and business relief like interest deductibility.

Learning Objectives

• Analyze OBBBA changes like permanent TCJA rates/standard deductions ($15,750 single/$31,500 joint for 2025), SALT cap to $40K (phasing 2025-2029), 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.
• RMD and IRS Audit Focus: Exemption boosts, QSBS expansions, BEAT rules.

Session Highlights

• 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 – 6.5
• 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, CPA  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.