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The Best Federal Tax Update Course by Surgent (BFTU)

Friday, October 16, 2026
09:00 AM - 05:00 PM (Eastern)

Gregory Holzel, CPA, MBA

  • Format Webinar
  • Credits 8.00
  • Level Update
  • Field of Study Taxes (8)

$279.00

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Overview

In this continually revised course, tax advisors will be fully updated on the most recently enacted legislation and IRS guidance, as well as major emerging trends and their planning considerations. This update course is designed for all practitioners, in both public accounting and private industry, who need the latest information on tax changes. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BITU.

Major Topics:

  • Individual provisions of the One Big Beautiful Bill Act (OBBBA), including but not limited to:
    • TCJA provisions made permanent, including lower marginal tax rates, expanded standard deduction, and the increased child tax credit
    • New Tip Income Deduction of up to $25,000 for individuals in customarily tipped ocupations, including Treasury Tipped Occupation Codes (TTOCs) and the code 000 disqualification trap
    • New Overtime Pay Deduction of up to $12,500 ($25,000 MFJ) for FLSA non-emempt employees on qualifying overtime pay
    • New Vehicle Loan Interest Deduction of up to $10,000 annually for interest on qualifying loans for new U.S.-assembled vehicles
    • New Temporary Senior Deduction of $6,000 for eligible taxpayers aged 65 and older ($12,000 for MFJ where both spouses qualify)
    • Expanded SALT Cap of up to $40,000 through tax year 2029
    • Trump Accounts, a new savings vehicle for minors, including new 2026 guidance on contribution rules, basis tracking, and the pilot program
  • Business provisions of the OBBBA, including but not limited to:
    • Permanent 100% bonus depreciation, including new Qualified Production Property (QPP) provisions
    • Increased §179 Expensing Limit
    • Changes to §174 domestic R&E Expenditures, including restoration of immediate expensing
    • Changes to §163(j) and withdrawal opportunities under Rev. Proc. 2026-17
    • Form 1099/1099-K changes, including increased reporting thresholds
    • Qualified Small Busines Stock (QSBS) Exclusion changes
  • New 2026 information returns and form changes, including a full walkthrough of:
    • Schedule 1-A (Form 1040): tracing the tip, overtime, vehicle interest, and senior deductions to their source
    • New Forms 1098-VLI (vehicle loan interest), 5498-TA (Trump Account contributions), and 1099-LPS (long-term care distributions)
    • Revised Forms W-2, 1099-NEC, 1099-MISC, and 1099-K 
  • Charitable giving after the OBBBA:
    • New 0.5% AGI floor on itemized charitable contributions, the statutory ordering rule, and carryforward mechanics
    • Interaction of the new limitation on the value of itemized deductions with the charitable floor
    • Bunching strategies and donor-advised funds as a continuing planning response
    • New charitable contribution deduction for non-itemizers
    • Qualified Charitable Distributions (QCDs) as a strategy unaffected by the new floor
    • Substantiation rules
  • Digital Assets & Tax implications: understanding covered vs. noncovered securities and the second phase of broker basis reporting on Form 1099-DA
  • Retirement Plan Developments: SECURE 2.0 catch-up contribution rules taking effect in 2026, including mandatory Roth treatment for certain higher-paid participants
  • IRS Administration and Compliance Developments
  • Timely coverage of breaking tax legislation
  • Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
  • Advanced practice and reporting issues, along with related planning ideas and discussion topics

Learning Objectives

  • Understand the latest enacted tax law changes
  • Understand strategies and techniques to use in light of tax changes
  • Understand current cases and rulings affecting individuals and businesses

Who should take this course:

Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional

Experience with individual and business clients

None

Yes

Yes

No

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