Year 2026 Tax Update

Description

This comprehensive federal tax update will cover all new tax legislation, including a comprehensive review of the changes made by TOBBB including subsequent regulator guidance; other new tax legislation; and other new regulations, cases, and rulings in all areas of federal taxation.   

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course the participant will be able to:

• Describe the legislative changes made by TOBBB including all regulatory guidance which affects bonus depreciation, Trump Accounts, phaseout of itemized deductions, cutback on charitable contributions for individuals and corporations, charitable contribution deduction for non-itemizers, minimum deduction under §199A, and the latest on tips, overtime, and auto loan interest.
• Discuss retirement changes and increased funding limits for retirement plans in 2026.
• Discuss the latest guidance on digital assets.
• Describe the options for distributions from qualified plans and IRAs and proposed regs.
• Explain new developments that affect S corporations, LLC, and partnerships, including the PTE election and requirements for Form 8308 and Form 7217.
• Summarize the most recent tax accounting provisions, including changes in method.
• Describe the latest changes affecting passive activity losses, including whether the income or loss from an Airbnb/Vrbo is reported on Schedule C or Schedule E.
• Discuss the current status of the return preparer rules, e-filing requirements, and PTINs.
• Describe the latest development in IRS procedures and practices, including proposed changes to Circular 230.
• Discuss the recent changes in the estate & gift tax rules, including CRT as listed transaction.
• Discuss recent developments in employment and self-employment tax, including the current status of SE income or member of an LLC.

Designed For