- Kick off the Tax and PFP MasterClass series with a high-level look at H.R. 1, commonly known as OBBBA, and what it means for tax professionals and financial planners. Annette Nellen, CPA, Esq., will break down the complex rollout of OBBBA’s effective dates, including:
- What’s already in effect
- What’s coming soon
- How the timeline affects your planning priorities Then, Mark Gallegos, CPA, MST, will cover the effect on key taxpayer groups, including:
- Wage earners
- Business owners
- High-net-worth individuals
- Retirees
- Multistate filers
- Cross-border households This strategic session gives you a roadmap to the law’s phased rollout and helps you guide clients through tax reform with confidence.
Learning Objectives
- Distinguish the effective dates and phased implementation of OBBBA provisions.
- Distinguish effective date relevance to planning due diligence efforts for 2025 and beyond.
- Determine key taxpayer profiles most affected by OBBBA’s provisions, along with the practical implications for each group.
- Apply a segment-based approach to client communication and planning, using real-life scenarios and action-oriented conversation starters.
- Analyze planning strategies based on timing, taxpayer profile, and evolving guidance across income levels, entity types, and multistate/international exposures.
Major Topics
OBBBA, HR 1, effective dates, taxpayer profiles, client communication, conversation, financial planning, tax planning
