IRS Guidance on Key OBBBA Tax Provisions  

New IRS guidance under the One Big Beautiful Bill Act (OBBBA) may affect clients long before tax returns are filed. Practitioners working with restaurant owners, gig workers, hospitality employees, caregivers, and self-employed taxpayers need to understand how the latest charitable contribution, overtime deduction, and qualified tips guidance could impact planning, reporting, and compliance decisions throughout the year.

This course reviews recent IRS guidance and final regulations affecting charitable contribution carryovers, In-Home Supportive Services (IHSS) overtime payments, Form 1099 reporting requirements, Treasury Tipped Occupation Codes (TTOCs), digital payment methods, and cryptocurrency limitations related to the qualified tips deduction.

Practical examples illustrate issues practitioners may encounter when advising clients who receive or report tips in today's increasingly digital economy.

Materials used for this course were supplied by Spidell's Federal Taxletter.

This overview course may be appropriate for professionals at all organizational levels.

CeriFi CPEdge is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.

At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).