Click "Select" to register for all sessions within the workshop.
10:00 am - 11:00 am PDT
VIRTUAL
This session will unpack the most significant business-related tax provisions in the OBBBA, including full expensing, expanded section 179 limits, changes to interest deductibility and updates to the Qualified Business Income (QBI) deduction.
Learning objectives:
- Identify and explain the key business tax provisions enacted under the OBBBA, including full expensing, bonus depreciation and section 179 enhancements
- Evaluate the impact of changes to section 163(j) interest deductibility and section 461(l) excess business loss limitations on business planning
- Describe the permanent restoration of the section 199A QBI deduction and its revised phase-in thresholds
- Analyze the implications of section 174 changes on domestic and foreign R&D expenditures and related tax planning
- Assess the expanded benefits under section 1202 for Qualified Small Business Stock and their application to corporate structuring
- Apply planning strategies related to Opportunity Zones, including rural investment incentives and new reporting requirements
Speakers: Matt Billings, Jessica Jeane, Kyle Sund, Diana Walker, Ben Willis
CPE credit: 1 credit
Field of study: Tax
10:00 am - 11:00 am PDT
VIRTUAL
This session will explore how the OBBBA affects individual taxpayers, including updates to tax brackets, deductions, credits, and estate and gift tax rules.
Learning objectives:
- Describe the permanent changes to individual income tax rates, brackets and standard deductions under the OBBBA
- Explain the new limitations on itemized deductions for high-income taxpayers and the implications for charitable giving.
- Explain the impact of the increased SALT cap and examine the current state of PTET regimes.
- Evaluate the impact of estate, gift and GST tax changes, including planning opportunities related to the increased exemption
- Discuss the implications of the Alternative Minimum Tax (AMT) changes and how they affect tax planning for high-net-worth individuals
- Examine new planning opportunities offered by changes to the Opportunity Zone and Qualified Small Business Stock provisions.
Speakers: Duncan Campbell, Jessica Jeane, Michelle VanDellen, Andy Whitehair, Nathan Wright
CPE credit: 1 credit
Field of study: Tax
10:00 am - 11:00 am PDT
VIRTUAL
This session will cover the international tax changes introduced by the OBBBA, including updates to GILTI, FDII (now FDDEI), BEAT and other cross-border provisions.
Learning objectives:
- Summarize the transformation of GILTI into Net CFC Tested Income (NCTI), including changes to the GILTI deduction, the GILTI foreign tax credit as well as the application of changes to section 163(j) interest expense limitation in the GILTI context
- Discuss the rebrand and revamp of FDII to FDDEI, including the removal of the QBAI hurdle and its impact on export-focused businesses
- Review the limited updates to BEAT, including the revised BEAT rates and unchanging treatment of certain credits
- Evaluate the reinstatement of section 958(b)(4) and its implications for CFC ownership and deemed income inclusions
- Describe the permanent extension of the CFC look-through rule, the elimination of the one-month deferral exception and modifications to the deemed income inclusion pro rata share rules
- Consider the new sourcing rule that provides a fix for earlier modifications under section 863(b) available to certain US manufacturers
Speakers: Dan Birsan, Wakako Byer, Roy Deaver, Nikki Grams, Jessica Jeane
CPE credit: 1 credit
Field of study: Tax
10:00 am - 11:00 am PDT
VIRTUAL
How will the recently enacted One Big Beautiful Bill Act (OBBBA) reshape the landscape of the Inflation Reduction Act (IRA), and what does it mean for your energy projects?
This timely session to navigate the significant changes and new directives impacting IRA tax credits and funding opportunities. Our specialists will provide clarity on what project owners need to know and do now.
Learning objectives:
- Review the IRA tax credit opportunity and OBBBA impacts
- Dig into specific technologies/credit types (e.g., solar, wind, battery) and their respective begun construction and compliance considerations
- Review foreign entity of concern (FEOC) provisions and what they mean for energy projects
- Cover changes to the transferability of credits
- Outline immediate actions project owners should take today to adapt to these changes, maximize benefits and mitigate risk
Speakers: Adam DeZego, Peter Henderson, Craig Lammlin, Joel Laubenstein, Robert Moczulewski
CPE credit: 1 credit
Field of study: Tax