2025 OBBBA - The ''One Big Beautiful Bill Act'' Complete Analysis of The Newly Passed Tax Law
By: Prof. John Connors
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By: Prof. John Connors
CREDITS: 4
CATEGORY: Taxation
SPEAKER: Prof. John Connors, CPA, JD, LLM
DATE: Any Day Tue.-Thu. July 15-17
or Thursday July 24, 2025
or Wednesday August 6, 2025
or Any Day Mon.-Thu. Aug. 11-14
or Any Day Mon.-Thu. Sep. 8-11
TIME: View Anytime Between 9:00 A.M. - 5:00 P.M. Eastern
LOCATION: All New (2025) Pre-Recorded Webinar With Live Q&A
NOTE: There will be an opportunity to receive answers from the instructor in real-time by submitting your questions in the Q&A forum on the webinar page!
You will probably be surprised that despite hearing again and again about a few key provisions, there is so much more in this new tax law! Your clients are reading excerpts in the WSJ, Forbes, USA Today, etc. and they will want to know how these new proposals will impact their current tax situation. Also, what mid-year tax planning steps should we be taking in anticipation of these changes? Click here to review a preliminary copy of the Table of Contents of the new law - just to see how extensive this law is!! Attend the seminar to receive a full copy of the updated supplement.
Do not wait until the fall to look at this new massive tax law.
Hear what attendees have to say about Prof. Connors' seminars:
"Excellent seminar. Prof Connors is extremely knowledgeable. Excellent presentation." - James G.
"Professor Connors is very knowledgeable and very practical too. He tells you what you need to know." - Alan L.
"The detailed manual will be very useful!" - Kelli L.
"I have enjoyed John's classes for many years through ACE. He delivers the material in a very easy to listen and informative manner." - Simeon Z.
Topics & Learning Objectives Include:
- NEW TAX LAW PROVISONS OF PRESIDENT TRUMP'S "BIG BEAUTIFUL" BILL
- Extension and Modification of 2017 Tax Cuts, Marginal Tax Rates & AMT, Standard Deduction, Additional Standard Deduction for Charitable Contributions
- Itemized Deductions: Phaseout Rule, Mortgage Interest, Casualty/Theft Losses, State and Local Taxes, Gambling Losses, Miscellaneous 2% Deductions, Moving Expenses
- Child Tax Credit
- Updates to Sec. 199A Deduction for QBI
- Increase for Unified Gift & Estate Tax Credit Equivalent
- COD Income - Student Loan Forgiveness
- Additional Tax Relief for Workers & Families: No Tax on Tip Income, FICA Tip Tax Credit, No Tax on Overtime Pay, Special $4,000 Deduction for Seniors, Deduction for Car Loan Interest Expense, Enhancement of Employer-provided CTC, Paid Family and Medical Leave Credit, Enhancement of Adoption Credit
- Tax Credit for Donations to Elementary & Secondary Schools Granting Scholarships, Qualified Educational Expenses for Primary & Secondary Schools
- Sec. 127 $5,280 Cap Finally Indexed for Inflation, For-AGI PDDA Casualty Loss Deduction
- New MAGA Accounts, MAGA Accounts for Newborns,
- Certain Medicare Part A Recipients Allowed to Make HSA Contributions, Direct Primary Care Service Arrangements, HSA Contributions Allowed for Bronze & Catastrophic Plans, On-site Employee Health Clinics, Certain Costs Paid for Physical Activity, Fitness, and Exercise Treated as Medical Expenses, Only One Account Needed for HSA Catch-up Contributions by Both Spouses, FSA and HRA Terminations or Conversions to Fund HSAs, Medical Expenses Incurred Before Establishment of HSA, HSA Allowed Even Where One Spouse Has FSA, Increased HSA Contributions for Certain Lower-income Individuals
- Extension of TCJA Reforms Impacting Business Entities, Retroactive Restoration of 100% Bonus Depreciation, Immediate Deduction of R&D Expenses, Modification of ATI for Purposes of Code §163(j) Interest Deduction
- Special Immediate Deduction for Certain Commercial Realty Significant, Increases to Sec. 179 Immediate Expensing, Increased Reporting Threshold for Form 1099-K, Increased Reporting Threshold for Form 1099-NEC, Repeal of Excise Tax on Indoor Tanning Services, Exclusion of Interest Income on Loans Secured by Rural or Agricultural Real Property, Special Increased “Average Gross Receipts” Test for “Manufacturing Taxpayers”
- AND MUCH MORE!!
Click On The Video Below To View A Demo of Prof. Connors
Prof. John Connors is one of the most knowledgeable tax lecturers in the nation. He has the ability to simplify the most complex tax rules. Bring in all your tax questions and get a CORRECT answer.
- Program Level: Overview
- Prerequisites: Basic Knowledge of Federal Taxation
- Advance Preparation: None Required