2026 Federal Business Tax Update: Pass-Throughs, Depreciation and Planning Under the New Law

An advanced federal tax update for practitioners preparing 2026 business returns and advising owners on 2027 decisions. Participants evaluate effective dates and elections affecting qualified business income, cost recovery, production property, domestic and foreign research costs, research credits and the business interest limitation. Applied cases connect entity reporting with owner basis, losses, compensation, distributions, payroll and state conformity. The course also examines timing-sensitive credit and deduction rules, corporate charitable giving and selected cross-border issues. Participants conclude with an integrated business return review and an action framework for elections, capital spending and transactions that require lead time. Art Werner works through more than a dozen participant cases, from a binding equipment contract signed before January 20, 2025 to a Section 174A transition with old and new research costs, a QSBS issuance under the new $15 million gain cap, and a $2,560,000 Section 179 limit set against bonus depreciation and qualified production property. For each case you decide the treatment, defend it, and identify the fact that would change it.