Tax Strategies Under H.R. 1: Navigating the New Era for Individuals and Businesses The President signed on July 4, 2025, one of most consequential tax legislation in recent years. The well-informed tax practitioner will want to stay abreast of these developments! This course will start with a short background of this legislation as it made its way through Congress and to the President's desk. We will then review the final provisions that was approved by the Senate and passed by the House. We'll be covering the OBBBA's tax-related provisions including the increased SALT deduction, additional deduction for seniors age 65+, increased gain exclusion for qualified small business stock, renewed qualified opportunity zone investments, and new 529 plan eligible expenses. We'll also cover planning implications of the new bill, ranging from new considerations for individuals making Roth conversions, changes to charitable deduction strategies, estate planning techniques, and more!
Learning Objectives
After attending these presentations, you will be able to...
- Identify the process that the House, Senate and Committees undertake in passing tax legislation.
- Analyze the various provisions contained in the Big Beautiful Bill signed by the President on July 4, 2025.
- Assess changes in new tax law and their impact on businesses.
- Create an effective tax strategy considering the new rules.
Major Topics
Details for this conference are subject to change, please follow this link to see the most up to date information: https://cpacrossings1.box.com/s/l494i59jh2qif90xxp4cjw1n69zc0rbg
December 17th, 2025 - Businesses/Corporations
Session 1: The One Big Beautiful Bill: 2025 Tax Legislation for Businesses
Allison McLeod, LL.M., JD, CPA
Credits: 1
- Taxes
The President signed on July 4, 2025, one of most consequential tax legislation in recent years. The well-informed tax practitioner will want to stay abreast of these developments! This course will start with a short background of this legislation as it made its way through Congress and to the President’s desk. We will then review the final provisions that was approved by the Senate and passed by the House.
Session 2: Research and Corporate Tax Credits Post-OBBBA — What’s Left, What’s Out, and How to Plan
Jonathan Forman
Credits: 1
- TaxesNavigate the evolving landscape of corporate tax credits following the enactment of OBBBA.
- R&E Deduction Relief: Explore the return of immediate expensing for domestic R&E costs, accelerated deductions, and retroactive opportunities for small businesses
- Clean Energy Credit Shake-Up: Understand the accelerated phaseouts of Section 45Y (PTC) and Section 48E (ITC) for solar and wind facilities, and the new eligibility rules for energy technologies
- What's Still Available?: Learn about credits that remain viable through 2033–2034, including energy storage, nuclear, hydropower, and geothermal and their transferability
- Foreign Entity Restrictions: New rules disqualify credits for facilities with ties to certain foreign entities (e.g., China, Russia), impacting transferability and eligibility
- Clean Fuel Credit Updates: Dive into the extended Section 45Z clean fuel production credit and its revised feedstock and emissions criteria
- Advanced Manufacturing Credit Changes: Review modifications to Section 45X, including phaseouts for wind components and new rules for integrated components
- Strategic Planning Tips: Learn how to time construction starts and credit elections to maximize remaining benefits before phaseouts take effect.
Session 3: Corporate Tax Strategy in the OBBBA Era — Planning for a New Framework
Matthew Gelsinger
Credits: 1
- TaxesEquip your organization with strategic insights to optimize corporate tax planning under the new OBBBA provisions.
- Bonus Depreciation & Section 179 Expensing: Discover how the reinstated full expensing for qualified assets impacts capital investment decisions, increased Section 179 Limits, New deduction for Qualified Production Property
- R&D Expensing: Planning opportunities around immediate expensing of domestic R&D costs and retroactive relief for small businesses.
- Section 163(j) Interest Expense: Tax considerations from permanent reinstatement of “EBITDA” approach for calculating ATI.
- Permanent QBI Deduction: Understand the implications of making Section 199A permanent, including expanded phase-in ranges and new minimum deductions
- International Tax Adjustments: Review permanent changes to FDII, GILTI, and BEAT, and their impact on global operations
- Qualified Opportunity Zones (QOZs): Learn about the new permanent framework and enhanced incentives for rural investments
- Strategic Planning Framework: Gain actionable insights for aligning entity structure, investment timing, and compensation planning with the new tax environment.
