BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Monday, August 25, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00

This course is $0 with these passes:

CPE
ALL

This webinar will address the new 2025 legislation and its significant impact on pass-through entities and their owners. Our panel of knowledgeable flow-through entity professionals will present courses of action these entities and their advisers should consider to mitigate PTE tax consequences for these entities and their owners.

Faculty

Brian T. Lovett
Partner
Withum Smith + Brown, PC

Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses, including all aspects of tax compliance for partnerships and corporations. He advises clients with regard to the structure and tax consequences of new business ventures, and assists with restructuring existing businesses for increased tax efficiency. Prior to joining his firm, he was with a “Big 4” accounting firm, working closely with large, multinational real estate investment companies.

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Mark Gallegos
Partner
Porte Brown, LLC

Mr. Gallegos, CPA, MST, is a tax partner on Porte Brown’s accounting and consulting services team in the Elgin, Illinois, office. He has more than 20 years of experience. Mr. Gallegos spends a great deal of time advising, speaking, and writing about international tax, mergers & acquisitions and credits and incentives. He has been entrenched in the intricacies of tax legislations and impending changes. Mr. Gallegos co-hosts a recurring webinar series on the topic and regularly speaks on tax legislation and other tax topics. Prior to working at Porte Brown, Mr. Gallegos worked for two national accounting firms focusing on middle market clients. He has a passion for helping clients navigate the complicated tax code and being their business advisor to help them be successful.

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Description

Members, partners, shareholders, and their pass-through entities must review and incorporate the provisions of the One Big Beautiful Bill Act to limit taxes paid by pass-through entity owners. Flow-through entities are likely the segment most affected by these substantial changes. The SALT cap, pass-through entity deductions and credits, and the 199A deduction are a few modified tax provisions that will directly impact overall tax liability for these entities and their owners.


Other notable provisions include the reinstatement of 100% bonus depreciation and the long-awaited restoration of expensing R&D expenditures. Flow-through entities, owners, and their advisers should fully prepare for these changes to take advantage of upcoming opportunities and alleviate potential tax burdens.


Listen as our panel of pass-through entity experts discusses the impact of current legislation on flow-through entities and their owners.

Outline

  1. 2025 Legislation and pass-through entities: introduction
  2. One Big Beautiful Bill Act
  3. SALT cap
  4. Depreciation
  5. 199A
  6. Research and development expenses
  7. PTE deductions
  8. Other provisions
  9. Tax strategies


Benefits

The panel will cover these and other critical issues:

  • Provisions in the One Big Beautiful Bill Act impacting PTEs
  • Planning to mitigate tax for flow-through entities and their owners
  • How new depreciation provisions could impact pass-through entities
  • Impact of changes to SALT deductions on flow-through entities and owners


NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify recent legislative changes affecting owners of flow-through entities
  • Determine actions to take now to take advantage of tax modifications for PTEs
  • Decide how flow-through entities can benefit from depreciation changes
  • Ascertain modifications to SALT deductions

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and their respective partners and shareholders.


Strafford Publications, Inc. 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).