Big Beautiful Bill Summary of Selected Tax Provisions ON DEMAND

Overview

This course is an overview providing reference to selected individual, education, business, retirement, insurance, international, and estate tax provisions enacted or indexed for inflation by the Big Beautiful Bill. The resulting major tax changes carry special meaning to the tax practitioner and return preparer. The One Big, Beautiful Bill course is intended to be a resource for tax professionals and staff alike to gain easy access to the most important major changes enacted by TCJA.

Highlights

The Big Beautiful Bill. Rates, standard deduction, exemptions and credits. Estate, GST and gift taxes. Business taxation. Compensation.

Prerequisites

None.

Designed For

CPAs, CFO, controllers, and other accounting professionals.

Objectives

Apply selective changes imposed by the Big Beautiful Bill relating to individual income taxes. Point out the new income exclusion…Recognize BBB changes to energy credits. Identify increased BBB exclusion amounts for estate, gift, and generation skipping transfer taxes. Specify BBB changes to expensing, the limitation on non-corporate losses, reporting requirements, and research and experimentation. List excise taxes imposed by the BBB on exempt organizations and recognize the de minimis entry privilege termination on foreign transactions.

Preparation

None.

Notice

None.