About the Course
Introduction
This webinar will address the 2025 legislation and its significant impact on pass-through entities (PTEs) 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.
Description
Members, partners, shareholders, and their PTEs must review and incorporate the provisions of the One Big Beautiful Bill Act to limit taxes paid by PTE owners. Flow-through entities are likely the segment most affected by these substantial changes. The SALT cap, PTE deductions and credits, and the 199A deduction are a few modified tax provisions that 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 PTE experts discusses the impact of current legislation on flow-through entities and their owners.
Presented By
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.
Mr. Wilhelmson is a Managing Director in the State and Local Tax (SALT) group for the KPMG Washington National Tax practice. He serves as a dedicated resource for Asset Management and Real Estate clients assisting them on structuring, tax planning and compliance. Mr. Wilhelmson is a primary tax technical resource for Illinois and Wisconsin taxes and advises clients on income, transactional, and franchise taxes. He also specializes in investor related state tax issues, including individuals and trusts. Mr. Wilhelmson works extensively on state nonresident withholding tax issues for large multiple-tier structures, and on SALT partnership tax issues, tax controversies and provisions for pass-through entities. He has finance and law degrees from the University of Illinois. Mr. Wilhelmson has authored articles and has been quoted in various tax publications and additionally is a regular presenter on SALT issues at conference and training events.
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
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BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
Date + Time
- event
Tuesday, August 25, 2026
- schedule
1:00 PM ET/10:00 AM PT
I. Recent legislation and PTEs: introduction
II. One Big Beautiful Bill Act
III. SALT cap
IV. Depreciation
V. 199A
VI. Research and development expenses
VII. PTE deductions
VIII. Other provisions
IX. Tax strategies
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 depreciation provisions could impact PTEs
- Impact of changes to SALT deductions on flow-through entities and owners
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 implications of modifications to SALT deductions on PTEs
- 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.
BARBRI, 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.
BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .
Related Courses
Pass-Through Entity Taxation: One Big Beautiful Bill Act, SALT Cap, PTE Deductions, 199A, 163(j)
Tuesday, August 25, 2026
1:00 PM ET/10:00 AM PT
