Instructor
Nick joined YHB in 2020 with over 15 years of experience in the industry. Nick is a graduate of Carthage College with a BS in Accounting and Business, the University of Connecticut with an MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility.
EXPERTISE
Nick’s expertise includes helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues. He has used his tax expertise not only to serve his clients, but also his peers. He has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure and co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomas Reuters. He has also lectured nationally on topics such as ethics, complex tax transactions, and IRS practice and procedure.
Tax legislation has never been a one-size-fits-all affair — and the One Big Beautiful Bill Act (OBBBA) is no exception. In this engaging and timely webinar, we’ll break down the major provisions of the sweeping OBBBA legislation and explore how they will impact individuals, businesses, and practitioners alike. With new credits, phaseouts, thresholds, and compliance mechanisms, it’s more important than ever for CPAs to understand the full picture.
We’ll walk through the bill’s headline-making elements as well as the less-publicized but equally important changes that could easily catch clients off guard. From expanded green energy incentives to new reporting requirements, you’ll gain a working knowledge of both planning opportunities and compliance risks. We’ll also discuss practical implementation timelines and how to proactively communicate these changes to clients.
Whether you're advising a high-net-worth individual, a closely held business, or a large enterprise, this webinar will equip you with the essential tools to translate the complexities of the OBBB Act into actionable guidance. Expect clarity, relevance, and plenty of real-world examples you can put to use right away.
OBJECTIVES This course is designed to:
1. Identify and summarize the key provisions in the latest comprehensive tax bill and their potential impacts.
2. Apply new tax credits and deductions to relevant client scenarios, including energy incentives and expanded child tax provisions.
3. Evaluate changes to compliance requirements, such as reporting thresholds, filing deadlines and preparer responsibilities.
4. Interpret transitional guidance and implementation timelines to effectively plan for client engagement and tax strategies.
5. Develop proactive communication strategies to educate and prepare clients for the new legislative landscape.
The major topics covered in this course would include:
• Federal Tax Legislation Updates
• Tax Credits and Incentives
• Phaseouts and Threshold Adjustments
• Compliance and Reporting Requirements
• Tax Planning Strategies
• Client Communication and Implementation
• Special Considerations for Specific Taxpayer Groups
• Real-World Applications and Case Studies
None
CPAs and tax professionals seeking to stay current on the latest federal tax legislation.