Business & Securities Law

FastTrack

4.44

Business Attorneys' Guide to the Big Beautiful Tax Act

Credits Available
Credit Status Total
Alaska CLE Reciprocity 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Connecticut CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Maine CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Jersey CLE Approved 3.6 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Pennsylvania CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
OnDemand
2 hours 55 minutes
Harley Sherman
Matthew Rappaport
With Harley M. Sherman from Harley M. Sherman CPA + 1 other
Recorded August 19, 2025.
Product ID 101362

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Overview

What's Changed, and How It Affects Your Business Clients

The One Big Beautiful Bill (OBBB) that was signed into law on July 4th, 2025, contained over 100 tax provisions. Have you read through all of them? We've compiled the most relevant and actionable tax takeaways your business clients will want to know about. Maximize expense deductions, help businesses grow and invest in the most tax-efficient way, and prevent new penalties and compliance traps with the latest insights. Register today!

  • Determine whether your business clients can claim the 100% R&E deduction for their past projects.
  • Clarify how long the asset must be held for the Section 1202 QSBS gain exclusion.
  • Find out where the lawmakers landed on the Net Operating Losses carryforwards.
  • Help clients take advantage of the new and returning business tax breaks.

Abbreviated Agenda

  1. SALT Cap and Workarounds
  2. Business Expense Deductions: New and Reinstated
  3. Section 174 R&E Deduction With Some Retroactivity (Who Can Amend Past Returns?)
  4. Section 1202 QSBS Gain Exclusion for New Investments
  5. Low Income Housing Tax Credit (LIHTC) Development and Investment and Qualified Opportunity Zones
  6. International Tax Provisions

Related Topics

Product ID 101362

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Connecticut CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Maine CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Jersey CLE Approved 3.6 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Pennsylvania CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. SALT Cap and Workarounds

  2. Business Expense Deductions: New and Reinstated

  3. Section 174 R&E Deduction With Some Retroactivity (Who Can Amend Past Returns?)

  4. Section 1202 QSBS Gain Exclusion for New Investments

  5. Low Income Housing Tax Credit (LIHTC) Development and Investment and Qualified Opportunity Zones

  6. International Tax Provisions

Who Should Attend

This legal update is designed for attorneys. Accountants, tax professionals, directors, and paralegals will also benefit.

Speakers

Harley M Sherman
Harley M.
Sherman
Harley M. Sherman CPA
Matthew E Rappaport
Matthew E.
Rappaport
Falcon Rappaport & Berkman LLP
Speaker bio
Harley M Sherman

Harley M. Sherman

Harley M. Sherman CPA
Harley Sherman

is the founder of Harley M. Sherman CPA where he has over 20 years of experience in personal income tax, home-based budgeting, small business start-up activities, accounting and income tax issues. He has been responsible for servicing clients in the medical, food service, real estate, governmental, and construction industries. Mr. Sherman is a graduate of Central Michigan University where he received his B.S. degree and he earned his M.S. degree in professional accountancy from Walsh College. He is an adjunct professor of accounting and income tax at Oakland Community College. Mr. Sherman is a member of the American Institute of CPAs and the Michigan Association of CPAs. He also obtained a Certified Fraud Examiner (CFE) designation from the Association of Certified Fraud Examiners (ACFE), a Six Sigma Greenbelt from Lawrence Technical University, and is also a Quickbooks ProAdvisor.

View full profile
Speaker bio
Matthew E Rappaport

Matthew E. Rappaport

Falcon Rappaport & Berkman LLP
Matthew Rappaport

chairs Falcon Rappaport & Berkman LLP's taation and private client groups. He concentrates his practice in taxation as it relates to real estate, closely held businesses, private equity funds, family offices, and trusts and estates. Mr. Rappaport advises clients regarding tax planning, structuring and compliance for commercial real estate projects, all stages of the business life cycle, generational wealth transfer, family business succession, and executive compensation. He also collaborates with other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise. Mr. Rappaport earned his J.D. degree and his Master of Laws in taxation from Georgetown University Law Center. He is a member and admitted to practice in the state of New York and the U.S. Tax Court.

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