Making the Sausage: Tax Legislative Process and House Provisions in the Big Beautiful Bill

Overview

Congress is on the cusp of passing the most consequential tax legislation in many years and the well-informed tax practitioner will want to stay abreast of these developments!  This course will start with a short overview of the legislative process that is taken by the House and the Senate before the bill is ready to be signed by the President.  We will then review the provisions in the House bill passed on May 22, 2025, with predictions on possible changes being made once it has been considered by the Senate.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Highlights

• Individual
• General Business
• International
• Health Care Accounts
• Qualified Opportunity Zones
• Industry Specific Provisions
• Tax Exempt Organizations
• Miscellaneous Provisions

Prerequisites

None

Designed For

This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications. All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Objectives

• Understand the process that the House, Senate and Committees undertake in passing tax legislation.
• Discuss the various provisions contained in the Big Beautiful Bill passed by the House of Representatives on May 22, 2025.
• Identify potential changes that could be made by the Senate.
• Become knowledgeable potential future implications of the Big Beautiful Bill

Preparation

None