One Big Beautiful Bill: What’s in the FINAL version and How to Plan for It (2 hours - morning) - NEW! - Webcast
Overview
The Tax Cuts and Jobs Act extension was signed into law on July 4, 2025. It’s been 8 years since we’ve seen tax legislation this important. Join Greg and George as they provide important details.
They will cover both its provisions and planning strategies, including:
- Deductions for overtime and tips income.
- What are the limitations and for what period they will apply.
- New deduction for car loan interest expense.
- Do you need to itemize deductions to claim it?
- The state and local tax itemized deduction has been increased.
- There are a couple of twists, we’ll cover them.
- Who will benefit and who won’t.
- New phase out of itemized deductions.
- It’s not as bad the previous “Pease” limitation.
- Section 199A QBID deductions.
- What changed and how to plan for it.
- Bonus depreciation.
- The Act makes a retroactive change to bonus depreciation.
- We’ll discuss the effective date and planning ideas.
- Excess business losses.
- There’s an interesting twist that will scale back on the deduction limit.
- Restrictions (or lack thereof) on deducting the pass-through-entity tax (“PTET”).
- Permanent extensions of individual tax rates.
- Impacts on planning.
- Increases to the standard deduction and a new phase-out for itemized deductions.
- Changes to the deductibility of employer-provided meals.
- Estate tax changes and gifting opportunities.
- Repeal of the clean vehicle credit.
- And how to get it before it’s gone.
Note: Course title changed on July 7, 2025. It was initially advertised as "One Big Beautiful Bill: What’s in It, Where are we at, and How to plan for It".
Designed For
Tax professionals
Objectives
- Identify important provisions in the Act, and planning opportunities.
- Apply the new rules in tax planning for clients.
Leader(s):
Leader Bios
George Koutelieris, Cutting Edge Tax Strategies LLC
George J. Koutelieris, CPA, MS-Tax, is a shareholder in the firm Johnson & Shute P.S. and a Member of Cutting Edge Tax Strategies, LLC. He is also an Adjunct Professor at Golden Gate University teaching various tax courses.
George's practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners, with a concentration on the real estate industry.
George is a member of the American Institute of Certified Public Accountants and the Washington Society of Certified Public Accountants, where he is a former chair of the WSCPA's Taxation Committee. George is also an active speaker on various tax topics, having presented in the past for all the State Societies on the west coast.
(3/19/21)
Gregory White, Cutting Edge Tax Strategies LLC
Greg White, CPA-WA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his tenth year as an adjunct professor at the Golden Gate University's Seattle Campus where he teaches capital assets, tax accounting, and individual taxation. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named "Top 50" IRS Practitioner by CPA Magazine.
Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV, King TV, and Northwest Cable News. He is frequently in contact with Treasury, IRS, and other top government officials in Washington, D.C. as to late breaking guidance from the government and has been involved in making recommendations to them to help practically shape federal tax legislation and administrative guidance.
(11/2/20)
Non-Member Price $120.00
Member Price $105.00