The One Big Beautiful Bill: A Deep Dive in the New Rule
Date: October 28, 2025
Time: 1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 180 Minutes
Speaker: Nicholas Preusch
When Congress enacts landmark tax legislation, the effects ripple far beyond the headlines. The so-called “One Big Beautiful Bill” is the latest sweeping initiative to revamp the U.S. tax code—but its impact doesn’t stop at the federal level. For tax professionals, real-world challenges often arise from how these changes interact with state tax systems.
This 3-hour, in-depth webinar brings together two critical dimensions of the bill:
1. The technical and strategic shifts in federal tax law, and
2. The downstream effects on state and local tax (SALT) systems, including conformity, apportionment, and SALT deduction strategies.
Whether you're guiding individuals through complex compliance issues or helping multistate businesses navigate the gray areas of SALT, this session equips you with the context, clarity, and insight you need to move forward confidently.
Why You Should Attend:
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Get a comprehensive view of one of the most significant tax overhauls in recent years
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Understand not just what the law says—but what it means in practice across jurisdictions
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Learn to identify planning opportunities and compliance risks across entity types
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Stay current on IRS interpretations, court rulings, and state responses
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Be better prepared to advise clients, update internal processes, and manage implementation at scale
Learning Objectives:
By the end of the session, participants will be able to:
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Interpret how the changes apply to individuals, corporations, and pass-through entities
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Understand state conformity models (rolling vs. static) and what they signal for adoption
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Navigate how SALT deduction caps and workaround strategies fit into the new framework
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Evaluate the interaction between new federal rules and existing IRS guidance or case law
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Identify apportionment changes, nexus updates, and state-specific business tax implications
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Plan for implementation timelines, procedural updates, and audit risks
Key Topics Covered:
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Federal tax reform: policy goals, major provisions, and technical breakdown
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Changes to individual tax brackets, credits, deductions, and compliance thresholds
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Corporate and partnership tax shifts, including entity-level tax planning considerations
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IRS guidance and recent court decisions influencing interpretation of the bill
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State conformity models and how they affect timing and adoption of federal changes
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Apportionment and nexus considerations for multistate businesses
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SALT cap limitations and workaround strategies
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Business tax credits and how they may be altered or limited across states
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Legislative trends and regulatory responses at the state level
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Compliance strategies for multijurisdictional reporting and audits
Who Should Attend:
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CPAs, EAs, and attorneys advising clients on federal tax matters
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Tax preparers and consultants
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State and local tax (SALT) professionals
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Financial planners and compliance professionals
SPEAKER
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation)
