Event Description

This session provides a comprehensive quarterly update on recent federal tax law changes affecting businesses, with a focus on the One Big Beautiful Bill Act (OBBBA) signed in July 2025. The presentation covers new and expiring tax provisions, including depreciation, energy credits, partnership regulations, reporting thresholds, and other significant updates relevant to business tax planning and compliance.

Enrolled Agent Approved

Objectives

• Identify and explain the major provisions of the OBBBA that impact business taxation.
• Recognize which green energy tax credits are expiring and understand the implications for business planning.
• Describe the changes to depreciation, expensing, and bonus depreciation rules for various types of property.
• Summarize the updated requirements for partnership property distributions and related reporting.
• Understand new information reporting thresholds and compliance obligations for businesses under recent federal tax law changes.