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H.R. 1 and the Road Ahead: Emerging Business Tax Considerations

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Online, ON 00000

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3.5 Credits

Member Price $119.00

Non-Member Price $149.00

Overview

Dive into H.R. 1, commonly referred to as OBBBA, business tax provisions, and planning imperatives in this session of the H.R. 1 Tax Masterclass Series.

We begin with:

  • Research and development (R&D) expensing under Sec. 174, including amendments, retroactivity, and small business election
  • Cost segregation/qualified production property (QPP)

    Next, we'll lock in on:
  • Qualified business income (QBI) benefits
  • Temporary state and local tax (SALT) cap boost
  • Passthrough entity (PTE) workarounds

    Industry experts will share insights on:
  • Real estate (mortgage, Opportunity Zones (OZs), Sec. 179D),
  • Manufacturing (bonus/production property) and construction

    We will talk about the M&A provisions and an entity choice module, expanding on qualified small business stock (QSBS) tiers, OZ permanence, and leverage considerations.

    We'll touch on:
  • The revived employee retention credit (ERC) and employer benefits planning
  • Energy incentives
  • Mapping timelines
  • Documentation requirements
  • State/ESG alternatives
  • Highlights

  • R&D / Sec. 174 / Cost Segregation / QPP
  • QBI
  • SALT - Temporary cap increase, PTE workarounds, and state conformity updates
  • Industry specific highlights
  • M&A provisions and entity choice
  • ERC and new planning considerations
  • Energy incentives
  • Prerequisites

    Fundamental knowledge of the new H.R. 1 tax bill, commonly referred to as OBBBA.

    Designed For

    CPAs, tax practitioners, small firms, medium firms, large firms, sole practitioners

    Objectives

    • Apply Sec. 174 retroactivity rules and small business elections to research budgets to optimize R&D expensing.
    • Distinguish QBI safe harbor strategies and model SALT cap/PTE workarounds across states.
    • Use actionable strategies for real estate, manufacturing, and construction clients, leveraging mortgage/OZ incentives, Sec. 179D deductions, and bonus depreciation timing.
    • Compare QSBS tiers, OZ permanence, and entity-based leverage for tax efficiency for M&A entities.
    • Identify ERC eligibility and design Trump EE comp agreements ahead of Sec. 274(o) to revive ERC and comp plans.
    • Determine incentive deadlines, satisfy documentation rules for Sec. 179D, and integrate ESG alternatives to leverage energy incentives.

    Non-Member Price $149.00

    Member Price $119.00