Description
On our nation’s birthday the sweeping budget reconciliation bill – unofficially referred to as the “One Big Beautiful Bill Act” (OBBBA) - was signed into law extending 2017 TCJA tax breaks and delivering on some presidential campaign promises. The OBBBA will significantly change the federal tax landscape, and will have far-reaching implications for businesses and investors, preventing the expiration of the reduced individual rates from TCJA. This webinar will focus on the provisions impacting pass-through and startup businesses, and how they can impact tax planning.
Register for this fast-tracked CLE webcast and get a better understanding of the bill’s more important impacts on deductions, credits, and reporting elements so that your clients achieve the fullest OBBBA benefits, while minimizing tax liabilities!
This concise but comprehensive webcast will analyze this new tax landscape and is essential for tax practitioners looking to get quickly up to speed on OBBBA impacts for non-public and passthrough businesses. Trusted ALI CLE faculty Matthew Rappaport and Steven Schneider will provide a focused and practical overview of the key tax impacts of the OBBBA. Designed for tax attorneys, in-house counsel, and advisors with an intermediate to advanced understanding of federal tax law, this all-new CLE program will explore topics including:
- The revised business interest deduction limitations under Section 163(j)
- Extension and updates to the Section 199A qualified business income deduction
- Expansion of the Section 1202 qualifying small business stock deduction
- Changes to energy-related tax incentives
- State and local tax (SALT) deduction changes, especially for pass-through entities
- Opportunity zones 2.0: What real estate developers, fund sponsors, and investors need to know
- Proposals that did not make it into the final bill that would have impacted passthroughs
Register today for this important update and learn how to help clients navigate a rapidly evolving tax environment!
This ALI CLE video webcast is ideal for tax attorneys, CPAs, in-house counsel responsible for tax matters, and other related financial professionals who advise clients on tax matters.