Federal Tax Update – What’s New for Individuals and Businesses
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From: $219.00
Date: July 12th , 2026
Time: 11am ET | 10am CT | 11am MT | 10am PT
Duration: 390 Minutes
Description:
The tax landscape has shifted dramatically. The One Big Beautiful Bill Act (OBBBA) doesn’t just extend what TCJA started it reshapes it. Permanent rate structures, a dramatically expanded SALT cap, new exclusions for tip and overtime income, a $15 million estate exemption, and sweeping changes to business provisions have created both new planning opportunities and new compliance landmines for tax professionals.
Staying current isn’t enough. Your clients need you ahead of the curve.
This fast-paced, high-impact CPE session delivers exactly that. Built around Pat Garverick’s comprehensive manual and Quick Reference Chart, the course cuts through the noise of recent IRS notices, rulings, and court decisions to give you a clear, actionable picture of what changed, what it means for your clients, and what you need to do about it right now. From individual filers to business owners to high-net-worth estates, every corner of the tax code touched by OBBBA is covered with the depth and practicality you expect from a top-tier CE program.
If you are planning ahead for 2026’s new form requirements, or advising clients on structuring decisions that lock in today’s favorable provisions before phaseouts begin, this course gives you the tools, the frameworks, and the confidence to get it right.
Learning Objectives :
Analyze OBBBA changes like permanent TCJA rates/standard deductions ($15,750 single/$31,500 joint for 2025), SALT cap to $40K (phasing 2026-2029), and no tax on tips/overtime (2025-2028).
Identify new legislation including IRS guidance on estate/gift exemptions to $15M (2026+), BEAT at 10.5%, and Form 1040/Schedule A updates for 2026 filings.
Evaluate corporate/partnership shifts such as permanent QBI, restored business interest (pre-TCJA ATI), excess loss caps at $250K/$500K, and new forms.
Assess business provisions: 100% bonus depreciation post-Jan 19, 2025, NOL rules, fringe benefits like $6K senior deduction (2025-2028).
Explain individual adjustments: Enhanced childcare credits, RMD tweaks, premium tax credit repayments (2026), and audit focus on SALT/QSBS.
Topics Covered :
Federal Income Tax Updates: Inflation adjustments, new rulings, court impacts.
Big Beautiful Bill Changes: TCJA permanence, SALT hikes, tip deductions.
Business Tax Provision Revisions: QBI permanence, depreciation accelerations, NOLs.
Individual Income Tax Adjustments: Senior deductions, credits, auto loan interest.
OBBBA timelines: Lock SALT at $40K pre-phaseout, plan tip exclusions retro to 2025.
Form demos: Updated 1040 Line 13b, Schedule A SALT computations for 2026.
Case studies: QSBS stacking via trusts, business interest ATI recalcs.
Quick charts: Garverick’s references for RMD, premium credits, audits.
Strategy sessions: Pairing senior deductions with standard hikes for clients
Credits and Other information:
Recommended CPE credit – 7.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 390 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
About Our Speaker :
J. Patrick Garverick CPA (US), CFP®
J. Patrick “Pat” Garverick is a Certified Public Accountant based and most respected tax and financial education instructors in the profession. He began his career in public accounting in 1988 after earning his Bachelor of Science in Business Administration (BSBA) in Accounting from The Ohio State University. In 1992, he completed his Master of Taxation (MT) degree at Arizona State University and shortly thereafter launched his own tax and financial planning practice, combining deep technical expertise with day-to-day client advisory work.
In addition to being a CPA, Pat is also a Certified Financial Planner (CFP®), a combination of credentials that allows him to bridge tax, retirement, and broader financial planning issues seamlessly in both his client work and his teaching. Since the early 1990s, he has been writing, reviewing, and delivering tax and financial planning continuing professional education courses across the country, with a particular focus on practical, case-driven programs that help practitioners apply complex rules to real-world returns and planning scenarios.
