On July 4, 2025, Congress passed the One Big Beautiful Bill (OBBB), a major tax reform that changes how individuals and businesses will file and plan for years to come. From lower income tax rates and bigger standard deductions to expanded credits and new rules for estates, education, and deductions—this law reshapes the tax landscape in a big way. But the impact doesn’t stop at the federal level. States now face the challenge of aligning with these new rules, which means tax professionals must be ready to handle changes in state conformity, SALT deductions, apportionment, and multistate compliance.

This 3-hour, in-depth webinar brings together two critical dimensions of the bill:

• The technical and strategic shifts in federal tax law, including provisions for individuals, estates, corporations, and pass-throughs
• The downstream effects on state and local tax (SALT) systems, including conformity, apportionment, and deduction strategies

Whether you're guiding individuals through complex compliance issues or helping multistate businesses navigate the gray areas of SALT, this session equips you with the clarity and practical tools you need.

Why You Should Attend

1. Get a comprehensive view of one of the most significant tax overhauls in recent history
2. Understand not just what the law says—but what it means in practice across federal and state levels
3. Learn to identify planning opportunities and compliance risks for individuals, estates, and entities
4. Stay current on IRS interpretations, court rulings, and state responses
5. Be better prepared to advise clients, update processes, and manage implementation at scale

Learning Objectives

By the end of this session, participants will be able to:

• Interpret how the changes apply to individuals, corporations, estates, and pass-through entities
• Navigate state conformity models (rolling vs. static) and understand their impact on adoption
• Apply strategies around SALT deduction caps, expanded credits, and new deductions
• Evaluate how new federal rules interact with existing IRS guidance and case law
• Identify apportionment changes, nexus updates, and compliance risks for multistate businesses
• Plan for implementation timelines and audit exposures

Key Topics Covered

• Federal tax reform: policy goals, major provisions, and technical breakdown
• Individual changes: reduced tax rates, expanded standard deduction, SALT deduction updates, Child Tax Credit increases, estate and gift exclusions, AMT reforms, senior deductions, car loan interest rules, education credits, adoption credit, new “Trump accounts” for children, and charitable contribution limits
• Business and entity taxation: corporate, partnership, and pass-through updates, including entity-level planning considerations
• IRS guidance and court decisions shaping interpretation of the bill
• State-level impacts: conformity models, SALT workarounds, apportionment, nexus, and audit exposure
• Planning strategies for compliance, reporting, and taxpayer savings

Who Should Attend

• CPAs, EAs, and attorneys advising clients on federal and state tax matters
• Tax preparers, consultants, and SALT professionals
• Financial planners, estate planners, and compliance professionals
• Firm partners and managers responsible for implementing tax law changes in practice