This fast‑paced, practitioner‑focused course provides a comprehensive update on the most important federal tax developments impacting businesses for the 2025–2026 filing seasons. Participants will review key cases, IRS administrative guidance, updates from the IRS Data Book, and newly released interpretations related to the OBBBA legislation.
Designed for busy business tax professionals, this program distills complex updates into clear, actionable insights that enhance compliance, reduce risk, and support informed tax‑planning decisions. Through real‑world examples and expert analysis, attendees will gain practical strategies to help clients navigate major developments affecting business taxation in 2026.
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Who Should Attend
This course is ideal for business tax professionals seeking a clear and authoritative update on federal developments for the upcoming filing season.
Topics Covered
- Developments in IRS audits of cost segregation studies
- New guidance on the One Big Beautiful Bill
- New calculations for the section 199A QBID
- A surprising IRS/taxpayer dispute on S corporation reasonable compensation
- Developments on when limited partners and LLC members are subject to self-employment tax on pass-through earnings
Learning Objectives
- Identify changes in the computation of the section 199A QBID for 2026.
- Recognize new guidance issued by the IRS in 2026 on the One Big Beautiful Bill Act.
- Learn why the IRS’s position in a 2026 S corporation reasonable compensation case is a mistake.
- Recognize developments regarding when limited partner’s and LLC members pass-through income is subject to self-employment tax.
- Understand new IRS position on cost segregation reports. The IRS is aggressively challenging taxpayer cost seg reports – we’ll cover the typical position taken by auditors and how to challenge it.
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Some background in federal taxation
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.