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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Law

Date & Time
  • event Date

    Tuesday, April 1, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$347.00

This CLE/CPE webinar will provide an in-depth analysis of the impact of the expiring individual and business provisions under the Tax Cuts and Jobs Act of 2017 (TCJA) and provide key planning considerations for taxpayers. The panel of tax advisers will discuss the impact of the Act, address planning for withdrawal, and offer tax planning strategies to consider amid the sunset of the TCJA. The panel will also provide tax policy insights and the probability that these lucrative benefits will be extended, modified, or removed under the Trump administration.

Faculty

Goodman Collette
Shareholder
Goodwin Procter LLP

Ms. Goodman is a counsel in the firm’s Tax practice group. Her practice includes advising clients on fund formation, the organization and operation of REITs, asset acquisitions and dispositions, FATCA compliance, and various corporate, international, and partnership matters. She also frequently advises in forming and obtaining tax exempt status for tax exempt organizations, and represents clients in obtaining rulings and in audit controversy matters before the IRS and the Treasury Department.

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Allen Janathan
Shareholder
Allen Barron, Inc

Ms. Allen is an experienced tax attorney and business lawyer who integrates business, legal, tax and accounting strategies to provide her clients with better answers to their questions and more informed strategies to leverage their opportunities. She brings domestic and international tax, accounting, finance knowledge to Allen Barron, Inc. and legal experience to Janathan L Allen, APC. Ms. Allen has worked with a diverse group of businesses, advising clients in legal, financial and tax arenas. She moved into the private sector as tax director for a biotech firm, Hybritech, Inc. Ms. Allen progressed to controller and CFO/Legal Counsel positions for a number of San Diego companies before becoming a partner in Allen Barron, Inc. and founding Janathan L. Allen, APC.

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Description

Individual taxpayers and business owners may see a dramatic shift in taxation in 2026 due to many provisions of the TCJA scheduled to expire after 2025. Tax counsel and advisers must recognize the potential impact of the sunset of key provisions under the TCJA and understand key tax planning strategies to minimize the tax impact for certain taxpayers.

For pass-through entity owners, the 20 percent QBI (qualified business income) deduction under 199A will expire in 2026, and the top individual income tax rate will return to 39.6 percent from its current rate of 37 percent. For individual taxpayers, the amounts allowed for the child care credit and standard deductions will substantially decrease. These changes and others could create an undue burden on small businesses and individual taxpayers.

Under the Trump administration, certain tax provisions may be extended, modified, or removed. Taxpayers and their advisers need to consider the likelihood or unlikelihood of any changes or extensions of these provisions and be aware of the impact of this expiring legislation and prepare accordingly.

Listen as our panel of federal income tax experts explains the impact of the expiration of the TCJA provisions and offers practical advice on preparing for these changes.

Outline

  1. The Tax Cut and Jobs Act of 2017
  2. Individual provisions
  3. Business provisions
  4. Updates and insights on extension of TCJA provisions
  5. Planning for the expiration of TCJA provisions

Benefits

The panel will cover these and other critical issues:

  • TCJA expiring provisions that will impact businesses
  • TCJA expiring provisions that will affect individuals
  • Planning for the elimination of TCJA's provisions
  • Recent updates to the state of extending some or all of the provisions included in the TCJA

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify expiring TCJA provisions that will impact individuals
  • Determine proactive steps to plan for the expiration of benefits under TCJA
  • Decide how the elimination of 199A will affect businesses
  • Ascertain the likelihood of the extension of some or all of the TCJA provisions

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).