TEXAS COMPLIANCE PENDING:

Texas requires a class be reviewed by enough students to assign earned CPE credits.  This course is still new enough that we are obtaining the reviews needed.   We recommend Texas CPAs check back soon. This process is usually finished within a few weeks.

The One Big Beautiful Bill Act, also known as the OBBBA, is a diverse and far-reaching bill that changed many aspects of the tax code. Since the OBBBA and the Tax Cuts and Jobs Act now work together as the foundation for the US tax code, this course will cover both bills and how they work together and intersect. The OBBBA is an extremely large bill, so for the purposes of this course, we will only go over the material that relates to the tax code. This material is found under Title VII of the OBBBA, labeled “Finance.” The Tax Cuts and Jobs Act is organized into four primary sections of: Individual Tax Reform, Business Tax Reform, Exempt Organizations and International provisions. This is an updated course for 2025 that will provide a thorough review of all four portions of the Tax Cuts and Jobs Act Bill (H.R.1.) as well as any changes for 2025. This course will provide a summary description of all provisions referenced in the Tax Cuts and Jobs Act for each of the primary sections. It will identify which sections changed for 2018 and which were updated for 2025. In addition, each provision will reference a more detailed description of each provision. The detailed description will review the pre-2018 law, provide a detailed description of the changes for 2018 and identify the effective date that the provision became effective.

Learning Objectives

At the end of this course, students will be able to:

• Review Chapter 1 of the OBBBA, “Providing Permanent Tax Relief for Middle-Class Families and Workers,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review Chapter 2 of the OBBBA, “Delivering on Presidential Priorities to Provide New Middle-Class Tax Relief,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review Chapter 3 of the OBBBA, “Establishing Certainty and Competitiveness for American Job Creators,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review Chapter 4 of the OBBBA, “Investing in American Families, Communities, and Small Businesses,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review Chapter 5 of the OBBBA, “Ending Green New Deal Spending, Promoting America-First Energy, and Other Reforms,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review Chapter 6 of the OBBBA, “Enhancing deduction and Income Tax Credit Guardrails, and Other Reforms,” and identify how the new provisions introduced in this chapter alter the current US tax code;
• Review the Individual Tax Reform provisions of the TCJA and identify which sections changed for 2018 and which were updated for 2025;
• Review the Business Tax Reform provisions of the TCJA and identify which sections changed for 2018 and which were updated for 2025;
• Review the Exempt Organizations provisions of the TCJA and identify which sections changed for 2018 and which were updated for 2025;
• Review the International Tax provisions of the TCJA and identify which sections changed for 2018 and which were updated for 2025; and
• Identify the effective dates for all provisions in the Tax Cuts and Jobs Act.

CPE Credit: 32 CPE for CPAs and EAs

Level: Intermediate

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: Basic understanding of federal tax code.

Advanced Preparation: None