H.R. 1 PFP MasterClass Series

This hidden gems session will spotlight lesser-known provisions of H.R. 1, also known as OBBBA, that advisers may overlook but that carry important planning implications for clients.

It will cover changes to:

• Health savings accounts
• 529 education savings accounts
• Student loans
• Dependent care assistance plans
• Revised 1099 reporting thresholds

This session will also cover other key updates that may get missed.

Key Topics

OBBBA, HR 1, Education planning, financial planning, tax planning

Learning Outcomes

• Distinguish and interpret tax and financial planning opportunities for client education decisions, including 529 plans and student loans.
• Analyze the impact of H.R. 1 on dependent care assistance programs and information return reporting.
• Determine how these hidden provisions create new or expanded tax and financial planning opportunities for various client segments for 2025 and beyond.
• Calculate client delivery approaches to confidently and proactively address client questions about less-discussed tax law changes.

This event is CFP-eligible

Who Will Benefit

• CPAs in public practice or industry
• Tax advisers and planners
• CPA personal financial planners
• Firm leaders seeking to enhance advisory services
• Non-CPA financial advisers

Bundle and Save

Bundle this session with the remaining four in either the in the HR. 1 PFP MasterClass Series (5 classes, 7 CPE credits) or the HR. 1 Tax MasterClass Series (5 classes, 10 CPE credits). Both series offer discounts for bundling versus purchasing 5 stand-alone courses.

For a complete learning experience, bundle both Series with the H.R. 1 MasterClass Series Bundle — 8 classes, 15 CPE credits and an additional 13% discount when purchased together.

H.R. 1, commonly referred to as OBBBA, made sweeping changes to tax law.

The indirect planning implications are significant for both income and estate planning.

This webinar assumes attendees are already familiar with the basic H.R. 1 changes and builds on that foundation with a discussion of how and when to use non-grantor trusts in post-H.R. 1 planning, especially in charitable strategies.

With the high exemption now permanent, estate planning will shift from minimizing estate taxes to using trusts to reduce income taxes. Non-grantor trusts will play a central role in that shift.

Key Topics

OBBBA, HR 1, charitable planning, Trusts, Non-Grantor trusts, deductions, Lead trusts, trustees

Learning Outcomes

• Distinguish the application of the 2/37th reduction in charitable contribution deductions on trusts.
• Determine the impact the new limit will have on trusts’ charitable beneficiaries.
• Analyze how charitable lead trusts will be affected.
• Determine responsibilities of trustees for various trusts in light of H.R. 1 changes.
• Differentiate when non-grantor trusts benefit versus when using QCDs, bunching, or other planning techniques may be preferable.

This event is CFP-eligible

Who Will Benefit

• CPAs in public practice or industry
• Tax advisers and planners
• CPA personal financial planners
• Firm leaders seeking to enhance advisory services
• Non-CPA financial advisers

Bundle and Save

Bundle this session with the remaining four in the HR. 1 PFP MasterClass Series to access all 5 classes, earn 7 CPE credits, and receive a 25% discount compared to stand-alone pricing.

For a more comprehensive learning experience, combine the H.R. 1 PFP MasterClass Series with the HR. 1 Tax MasterClass Series — featuring 5 classes, 10 CPE credits, and a 20% discount off stand-alone course pricing.

Together, they form the H.R. 1 MasterClass Series Bundle: 8 classes, 15 CPE credits, and an additional 13% discount when purchased as a combined bundle.

This webcast will focus on appropriate planning under H.R. 1, commonly known as OBBBA, for moderately wealthy and high-net-worth clients.

We’ll cover planning for spouses and business owners, including recent key cases, as well as life insurance strategies.

The session will also address the shift from traditional estate tax planning to estate, trust, and gift techniques that focus on income tax basis planning, which is now relevant for a broader range of clients.

Key Topics

OBBBA, HR 1, estate planning, gifting, Trusts, UHNW clients, HNW, portability

Learning Outcomes

• Distinguish the estate, gift, and trust changes included in H.R. 1.
• Determine the best overall approach to planning for clients at different levels of wealth.
• Analyze numerous specific planning techniques to decide which will work best for specific clients.

Who Will Benefit

• CPAs in public practice or industry
• Tax advisers and planners
• CPA personal financial planners
• Firm leaders seeking to enhance advisory services
• Non-CPA financial advisers

Bundle and Save

Bundle this session with the remaining four in the HR. 1 PFP MasterClass Series to access all 5 classes, earn 7 CPE credits, and receive a 25% discount compared to stand-alone pricing.

For a more comprehensive learning experience, combine the H.R. 1 PFP MasterClass Series with the HR. 1 Tax MasterClass Series — featuring 5 classes, 10 CPE credits, and a 20% discount off stand-alone course pricing.

Together, they form the H.R. 1 MasterClass Series Bundle: 8 classes, 15 CPE credits, and an additional 13% discount when purchased as a combined bundle.

The H.R. 1 tax bill introduced a range of provisions with varying income thresholds and phaseouts.

Our expert CPA/PFS panel will break down these changes and share tactical guidance for applying them with clients.

Understand how to manage these phaseouts, both above and below the line, and how to pair them with strategies like Roth conversions and QCDs.

This information can help set you apart as a CPA financial planner.

Key Topics

OBBBA, HR 1, phaseouts, thresholds, SALT, shifting income, Roth conversions, investment strategies

Learning Outcomes

• Apply the 2/37th itemized deduction limitation.
• Use the 45.5% SALT effect rate.
• Compare how the new phaseouts affect Roth conversions and when not to do a Roth conversion.
• Apply opportunities to use non-grantor trusts to shift income.
• Determine how to time RMDs and QCDs to avoid these limitations.
• Calculate why you should itemize in 2025 not 2026.
• Apply Roth conversions from age 50 to 63 to reduce IRMAA and avoid phaseouts.
• Calculate the use of oil and gas investments to reduce AGI and avoid phaseouts.
• Use passive activity losses to offset passive income.
• Determine when to use bonus depreciation, Section 179, and cost segregation to reduce AGI.
• Determine the potential for defined benefit plans to reduce AGI.
• Use investment strategies to defer income and reduce AGI.

This event is CFP-eligible

Who Will Benefit

• CPAs in public practice or industry
• Tax advisers and planners
• CPA personal financial planners
• Firm leaders seeking to enhance advisory services
• Non-CPA financial advisers

Bundle and Save

Bundle this session with the remaining four in the HR. 1 PFP MasterClass Series to access all 5 classes, earn 7 CPE credits, and receive a 25% discount compared to stand-alone pricing.

For a more comprehensive learning experience, combine the H.R. 1 PFP MasterClass Series with the HR. 1 Tax MasterClass Series — featuring 5 classes, 10 CPE credits, and a 20% discount off stand-alone course pricing.

Together, they form the H.R. 1 MasterClass Series Bundle: 8 classes, 15 CPE credits, and an additional 13% discount when purchased as a combined bundle.

Kick off the Tax and PFP MasterClass series with a high-level look at H.R. 1, commonly known as OBBBA, and what it means for tax professionals and financial planners.

Annette Nellen, CPA, Esq., will break down the complex rollout of OBBBA’s effective dates, including:

• What’s already in effect
• What’s coming soon
• How the timeline affects your planning priorities

Then, Mark Gallegos, CPA, MST, will cover the effect on key taxpayer groups, including:

• Wage earners
• Business owners
• High-net-worth individuals
• Retirees
• Multistate filers
• Cross-border households

This strategic session gives you a roadmap to the law’s phased rollout and helps you guide clients through tax reform with confidence.

Key Topics

OBBBA, HR 1, effective dates, taxpayer profiles, client communication, conversation, financial planning, tax planning

Learning Outcomes

• Distinguish the effective dates and phased implementation of OBBBA provisions.
• Distinguish effective date relevance to planning due diligence efforts for 2025 and beyond.
• Determine key taxpayer profiles most affected by OBBBA’s provisions, along with the practical implications for each group.
• Apply a segment-based approach to client communication and planning, using real-life scenarios and action-oriented conversation starters.
• Analyze planning strategies based on timing, taxpayer profile, and evolving guidance across income levels, entity types, and multistate/international exposures.

Who Will Benefit

• CPAs in public practice or industry
• Tax advisers and planners
• CPA personal financial planners
• Firm leaders seeking to enhance advisory services
• Non-CPA financial advisers

Bundle and Save

Bundle this session with the remaining four in either the in the HR. 1 PFP MasterClass Series (5 classes, 7 CPE credits) or the HR. 1 Tax MasterClass Series (5 classes, 10 CPE credits). Both series offer discounts for bundling versus purchasing 5 stand-alone courses.

For a complete learning experience, bundle both Series with the H.R. 1 MasterClass Series Bundle — 8 classes, 15 CPE credits and an additional 13% discount when purchased together.