2026/12/15-16 Federal Tax Update with Ron Roberson, CPA — Fort Wayne VIRTUAL

Last year we got the law, this year we get the rules! Are you ready? Let’s get you there!

This year’s Federal Tax Update will cover:

• Dozens of notices, revenue procedures and regulations have been released to clarify the rules for the One Big Beautiful Bill Act tax provisions. We will cover them all, including:
o The Schedule 1A deductions – 2026. Last year we were allowed to wing it – this year there are rules. We will cover them all, including:
 - No tax on tips? Not so fast! New regulations and W-2 reporting make it clear many will be left out
 - Overtime deduction – last year anything was allowed. This year, if it’s not on the W-2 there may not be a deduction
 - Charitable contribution deduction for non-itemizers kicks in in 2026
 - Personal auto loan interest deduction has many new rules based on the regulations that were issued
o Trump accounts are up and running – we will make sure you are in a good position to advise your clients as to the why and the why not
o New limits put on deductible gambling losses start this year
o New deductions allowed for those involved in K-12 education
o New threshold for charitable contribution deductions for individuals and corporations – you don’t get it all any longer
• Conservation easements enforcement is at all time high
• Roth contribution mandate for high income taxpayers’ retirement plan catchup contributions fully implemented – no really!
• Lots of changes for employee tax free fringe benefits – we’ll cover them all
• Disaster losses as an add-on to the standard deduction was extended again
• Premium assistance credit completely different in 2026 – it is going to surprise a lot of clients and they won’t be happy
• Lots happening with the IRS, including
o No more checks being issued and may be long before you can’t send them one
o New online tools are becoming available all the time – it may be time clients made an effort to log on
• AI and Circular 230 – if it isn’t an issue in your office it will be
• Final Corporate Transparency Act rules – BOI reporting is gone for domestic entities
• 100% bonus depreciation allowed on some buildings – but big traps for those who aren’t informed of all the rules
• Credits for contributions to scholarship granting organizations (i.e., scholarships for private K-12 educational institutions)
• Qualified opportunity zones were permanently extended and enhanced – lots of enhancements that may benefit your clients
• §179 and bonus depreciation deductions better than ever – regular MACRS depreciation almost a thing of the past
• §1202 stock gain exclusion is better than ever, but not for a few more years. We’ll help you understand the transition rules
• SIMPLE IRA account contribution limits finally clarified
• Plus all the other tax developments for individuals, partnerships, corporations, estates and trusts and non-profit organizations
• And much, much more! See you there!