OBBA of 2025: Business Overview With Steve Dilley in LIVE Forum

Overview

THE ONE BIG BEAUTIFUL BILL IS NOW THE ONE BIG BEAUTIFUL ACT!!! (Signed into law on July 4, 2025!) This program provides a summary of the major business provisions of the OBBA of 2025 (H.R. 1), focusing on provisions that have been extended and/or made permanent without changes and those provisions which had major changes or are new for 2025 and beyond.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Prerequisites

Basic knowledge of business taxation

Objectives

• Familiarize participants with business provisions of the OBBA of 2025
• Identify key compliance issues
• Discuss tax planning implications of OBBA of 2025

Highlights

• An overview of provisions of existing law extended or made permanent without substantial change, including qualified opportunity zones
• Provisions of existing law extended or made permanent with substantial change, including bonus depreciation, Sec. 179 immediate expense deduction, deduction of research and experimentation expenses, and cash method of accounting
• New law provisions applicable to businesses, including bonus depreciation of nonresidential real estate
• Repealed existing law, including the commercial clean vehicle credit and electric car charger credit