Tax Update: "One Big Beautiful Bill"
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
This course provides a focused analysis of the individual and small business provisions in Pub. L. 119-21 (H.R.1), “One Big Beautiful Bill.” Tailored for tax professionals working with Form 1040 filers, the course explores impactful updates, from the no-tax-on-tips provision to enhanced bonus depreciation. Designed to inform planning strategies and compliance for the 2025 tax year and beyond. Participants will gain actionable insight into newly proposed deductions and expanded credits.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation, you will be able to...
- Recognize key individual and small business tax reforms.
- Apply provisions such as no-tax-on-tips, no-tax-on-overtime exclusions, expanded senior deduction, and car loan interest.
- Evaluate planning opportunities using expanded credits, phase-outs, and entity-level deductions.
- Advise Form 1040 filers on compliance strategies and tax planning as these provisions take effect.
Highlights
The major topics that will be covered in this course include:
- Individual Taxation: Child Tax Credit expansion and additional senior deduction SALT cap extension
- Income & Adjustments: Tip income exclusion, overtime relief, educator expenses
- Education Incentives: Student loan discharge, 529 plan expansion, new “TRUMP Accounts”
- Business Taxation: Bonus depreciation, 199A expansion, interest deduction limits
- Estate & Gift Tax: Increased exemption threshold, charitable deduction changes
- Compliance & Reporting: 1099-K, 1099-NEC and 1099-MISC threshold changes
Designed For
Enrolled Agent, CPA, Attorney, Tax Practitioner, Certified Financial Planner
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Mary Jane Hourani, MM, EA, NTPI Fellow, Hourani & Associates, Inc.
Mary Jane Hourani, MM, EA, NTPI Fellow, Tax Accountant
Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2014 as well as a speaker for several trade organizations since 2010.
Mary Jane has been a Contributing Editor and/or Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2015. She writes and compiles tax course packs used by Michigan State University Tax School. Mary Jane is an author/speaker for several national trade organizations and national CPE providers. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Non-Member Price $124.00
Member Price $89.00