Tax Trends: Tax reform 2025
Register now for our robust OBBBA webinar series
Join Baker Tilly’s experienced tax professionals for a four-part webinar series exploring the sweeping changes introduced by the One Big Beautiful Bill Act (OBBBA) (P.L. 119-21), signed into law on July 4, 2025. This series will provide timely insights into the most impactful provisions of the new tax law, including implications for businesses, individuals, international operations and those affected by changes to the Inflation Reduction Act (IRA). Each session will feature thoughtful commentary, key takeaways and practical planning considerations.
View the information and learning objectives for each session below to learn more about the series.
This session will unpack the most significant business-related tax provisions in the OBBBA, including full expensing, expanded section 179 limits, changes to interest deductibility and updates to the Qualified Business Income (QBI) deduction.
Date: August 12, 2025
Time: 1:00-2:00 pm ET
Speakers: Matt Billings, Jessica Jeane, Kyle Sund, Diana Walker, Ben Willis
Learning objectives
Upon completion of this course, attendees will be able to:
- Identify and explain the key business tax provisions enacted under the OBBBA, including full expensing, bonus depreciation and section 179 enhancements
- Evaluate the impact of changes to section 163(j) interest deductibility and section 461(l) excess business loss limitations on business planning
- Describe the permanent restoration of the section 199A QBI deduction and its revised phase-in thresholds
- Analyze the implications of section 174 changes on domestic and foreign R&D expenditures and related tax planning
- Assess the expanded benefits under section 1202 for Qualified Small Business Stock and their application to corporate structuring
- Apply planning strategies related to Opportunity Zones, including rural investment incentives and new reporting requirements
This session will explore how the OBBBA affects individual taxpayers, including updates to tax brackets, deductions, credits, and estate and gift tax rules.
Date: August 18, 2025
Time: 1:00-2:00 pm ET
Speakers: Duncan Campbell, Jessica Jeane, Michelle VanDellen, Andy Whitehair, Nathan Wright
Learning objectives
Upon completion of this course, attendees will be able to:
- Describe the permanent changes to individual income tax rates, brackets and standard deductions under the OBBBA
- Explain the new limitations on itemized deductions for high-income taxpayers and the implications for charitable giving.
- Explain the impact of the increased SALT cap and examine the current state of PTET regimes.
- Evaluate the impact of estate, gift and GST tax changes, including planning opportunities related to the increased exemption
- Discuss the implications of the Alternative Minimum Tax (AMT) changes and how they affect tax planning for high-net-worth individuals
- Examine new planning opportunities offered by changes to the Opportunity Zone and Qualified Small Business Stock provisions.
This session will cover the international tax changes introduced by the OBBBA, including updates to GILTI, FDII (now FDDEI), BEAT and other cross-border provisions.
Date: August 19, 2025
Time: 1:00-2:00 pm ET
Speakers: Dan Birsan, Wakako Byer, Roy Deaver, Nikki Grams, Jessica Jeane
Learning objectives
Upon completion of this course, attendees will be able to:
- Summarize the transformation of GILTI into Net CFC Tested Income (NCTI), including changes to the GILTI deduction, the GILTI foreign tax credit as well as the application of changes to section 163(j) interest expense limitation in the GILTI context
- Discuss the rebrand and revamp of FDII to FDDEI, including the removal of the QBAI hurdle and its impact on export-focused businesses
- Review the limited updates to BEAT, including the revised BEAT rates and unchanging treatment of certain credits
- Evaluate the reinstatement of section 958(b)(4) and its implications for CFC ownership and deemed income inclusions
- Describe the permanent extension of the CFC look-through rule, the elimination of the one-month deferral exception and modifications to the deemed income inclusion pro rata share rules
- Consider the new sourcing rule that provides a fix for earlier modifications under section 863(b) available to certain US manufacturers
How will the recently enacted One Big Beautiful Bill Act (OBBBA) reshape the landscape of the Inflation Reduction Act (IRA), and what does it mean for your energy projects?
This timely session to navigate the significant changes and new directives impacting IRA tax credits and funding opportunities. Our specialists will provide clarity on what project owners need to know and do now.
Date: August 21, 2025
Time: 1:00-2:00 pm ET
Speakers: Adam DeZego, Peter Henderson, Craig Lammlin, Joel Laubenstein, Robert Moczulewski
Learning objectives
Upon completion of this course, attendees will be able to:
- Review the IRA tax credit opportunity and OBBBA impacts
- Dig into specific technologies/credit types (e.g., solar, wind, battery) and their respective begun construction and compliance considerations
- Review foreign entity of concern (FEOC) provisions and what they mean for energy projects
- Cover changes to the transferability of credits
- Outline immediate actions project owners should take today to adapt to these changes, maximize benefits and mitigate risk
Who should attend
Business owners, CFOs, tax directors, vice presidents of tax, tax professionals and other financial executives
Information about CPE eligibility
There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.
A certificate of completion will be emailed to you four to six weeks after the event.
Level: Basic
CPE credit: Four (4) hours total credit for the series, one (1) hour credit per session
Field of study: Taxes
For more information regarding administrative policies such as complaint and refund policies, please email learning@bakertilly.com.
Baker Tilly Advisory Group, LP 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.
