Description:

Congress didn’t hold back with this latest tax package. The “One Big Beautiful Bill” (OBBB) is loaded with sweeping revisions, technical corrections, and long-anticipated tax policy changes that reshape everything from business deductions to family credits.

This 2-hour deep-dive course is built specifically for tax professionals who need more than just headlines. We’ll explore the nuanced provisions with real-world relevance—giving you the insight and tools needed to serve clients confidently in the months ahead.

We’ll cover what’s in, what’s out, what phases in (or out), and how to act now to get ahead of new compliance burdens and planning opportunities. Whether you serve individuals, corporations, or pass-through entities, this class brings clarity to the chaos.

Learning Objectives:

• Analyze the most impactful provisions of the OBBB affecting tax filing and compliance for 2024 and beyond.
• Interpret key updates to business-related tax benefits, including credits, depreciation, and pass-through rules.
• Explain the implications of newly enacted family and individual tax relief provisions.
• Advise clients on strategic planning in light of phase-ins, sunsets, and delayed effective dates.
• Navigate new IRS compliance mandates, enforcement priorities, and penalty changes.

Session Highlights:

• The 2025–2026 legislative roadmap: What’s changing and when
• Extension or expiration of key credits and deductions
• Changes to the standard deduction, AMT, and capital gains
• Tax planning around new thresholds and limitations
• IRS funding updates and what they mean for audits
• Hidden gems: Under-the-radar provisions worth knowing

Who should attend?

• CPAs, EAs, and tax preparers
• Tax attorneys and legal advisors
• CFOs, controllers, and financial professionals
• Government and nonprofit tax advisors
• Anyone advising clients on tax law changes

Speaker Profile:

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions and IRS practice and procedure. Currently Nick is an adjunct professor at the University of Mary Washington. Nick has been recognized as the Top 5 Under 35 CPAs in Virginia by the VSCPA in 2017 and CPA Practice Advisor’s Top 40 Under 40. He is a member of the VSCPA’s Tax Advisory Committee and Ethics Committee, and the AICPA’s Tax