Tax Planning for Individuals: A Review & Update Webinar

To provide tax and other professionals with an update on important legislative, regulatory and judicial actions including the One Big Beautiful Bill Act (OBBBA) impacting individual taxpayers. You’ll leave with a thorough understanding of the current laws, regulations and a host of planning strategies to help you and your clients minimize tax exposure now and in the future.

• Overview of the One Big Beautiful Bill Act 
  – Extension and enhancements on reduced rates for individuals 
  – Deductions for seniors 
  – Limitation on SALT deductions 
  – Potential impact on the Tax Cuts and Jobs Act 
  – Corporate tax provisions 
  – Tax credit for contributions 
  – Impact on energy credits 
  – Excise tax on transfers
• Individual Tax Brackets, Standard Deductions
  – Personal exemptions
  – Effects of the TCJA extension or expiration
  – Future projections based on passage of OBBBA
• Itemized Deductions
  – Medical and dental deduction changes
  – Mortgage interest
  – SALT and the PTE tax filing alternative
  – Charitable contributions
  – Casualty and theft
  – Planning considerations based on passage of OBBBA
• Mortgage & Other Interest Expense
  – Qualified residence
  – Investment
  – Business
  – Higher education loan
  – Passive activity
  – Personal
• Capital Gains & Carried Interest
  – Qualified dividend tax rates
  – Unrecaptured §1250 gain
  – Form 8949—Sales and Other Dispositions of Capital Assets
• Adjustments to Income & Income Exclusions
  – Alimony and separate maintenance agreements
  – Moving expense reimbursement
  – Principal residence
  – OBBBA changes
• Child Tax Credit & Kiddie Tax
• Health insurance & 529 College Savings Plans
  – Affordable Care Act and the Premium Tax Credit
  – OBBBA changes to premium tax credits and 529 plans
  – Planning opportunities
• 199A Qualified Business Deduction
  – OBBBA changes to Section 199A planning
  – Qualified trades and businesses
  – Taxable income limitation
  – Qualifying property
  – Carryover of losses
  – Planning considerations
  – Type of entity (sole proprietor, S Corp, C Corp)
  – Employees and contractors
  – Retirement contributions
• Estates, Gift Tax & GST Tax
  – OBBBA planning considerations
• Other Changes
  – Contesting IRS levy changes
  – Additional due diligence
  – Earned income tax credits
• Residential Rental Property
• Sale of a Principal Residence
• Passive Loss Rules
  – Including OBBBA changes
• Retirement Plans & Stock Options
  – OBBBA Trump accounts
• Alternative Minimum Tax—Individuals