Northeast: 1040 Tax In Depth (Jennings-TaxSpeaker)
16 Hours Tax (Federal); IRS
This course also qualifies for 14 hours of CLE credits for attorneys.
Identify the key individual tax provisions of the One Big Beautiful Bill Act effective for 2026, including the No Tax on Tips, No Tax on Overtime, auto loan interest, and senior bonus deductions, along with their dollar limits and MAGI phase-outs.
Apply the final IRS regulations on qualified tipped occupations and qualified overtime compensation, including new W-2, 1099, and Schedule 1-A reporting requirements.
Recognize the 2026 changes to itemized deductions, including the $40,400 SALT cap, the 0.5% AGI charitable floor, reinstated mortgage insurance premiums, and the expanded two-page Schedule A.
Summarize the OBBBA's savings and education provisions, including Trump Accounts, expanded 529 distributions, ABLE account changes, and the new Federal Scholarship Tax Credit.
Explain the permanent extension and modification of the Qualified Opportunity Zone program and its planning implications for 2026 and beyond.
Differentiate Pre-Enactment from Post-Enactment QSBS under Section 1202, and apply the new $15 million gain exclusion cap, $75 million gross asset ceiling, and tiered 50%/75%/100% holding-period exclusions.
Determine when a loss on small business stock qualifies for ordinary loss treatment under Section 1244, calculate the annual $50,000/$100,000 limits, and properly report the loss on Form 4797.course explains the entirety of individual new OBBBA law changes with 8 hours of new tax law. We then spend 8 hours reviewing and explaining compliance issues for foreign reporting, retirement, dependent care, form 1040 reporting items, security requirements & WISP, itemized deductions, sole proprietors, capital gains and all other major individual tax return topics.
Upon completion of this course, attendees will be able to properly prepare, report amounts on, file, and deduct disaster losses from Form 1040. We will also teach you how to determine which credits clients may qualify for on their 1040 returns to reduce taxable income, including methods to save for their dependent children’s college education and other education credits and deductions. In addition, this course covers appropriate handling of IRS client audits, compliance with Circular 230 ethics regulations, and advice for clients under military special taxation rules.
| Credits | Price | |
|---|---|---|
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Member
Registration Ends 11/6/26 at 11:59 PM EST
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16.00 (Tax (Federal)) | $350.00 |
| Credits | Price | |
|---|---|---|
|
Non-Member
Registration Ends 11/6/26 at 11:59 PM EST
|
16.00 (Tax (Federal)) | $425.00 |
| Credits | Price | |
|---|---|---|
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CLE
Registration Ends 11/6/26 at 11:59 PM EST
|
14.00 (CLE) | $21.00 |
Bill Leonard CPA, MAFF, CGMA and Larry Pon CPA/PFS, CFP, EA, USTCP, AEP
Bill Leonard, CPA, CFFA, holds licenses and professional memberships in Massachusetts, Rhode Island, Alaska, and Singapore. He is the sole shareholder of W.A. Leonard & Company, P.C., and PT W.A. Leonard employs sixteen multilingual professionals dedicated to serving the needs of small businesses, individuals, and fiduciaries. A graduate of Bentley University and Babson College, Bill has been in practice since 1981 and brings more than twenty years of experience teaching at both the college and seminar levels.
Larry Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA. Mr. Pon has been in practice since 1986 providing comprehensive tax and financial planning, tax preparation and representation. He speaks regularly nationwide on tax planning and financial planning topics to tax professionals and financial advisors. Mr. Pon teaches Income Tax at the College of San Mateo. Mr. Pon has been a long-time member of the AICPA, NAEA, CalCPA, CSEA, among many professional organizations. Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco. Mr. Pon volunteers as a Money Doctor for 360 Degrees of Financial Literacy.
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For More Information:
150 Corporate Center Drive Suite 205Camp Hill, Pennsylvania 17011
United States 800.270.3352