H.R. 1 PFP MasterClass Series

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.

Note: This webcast is a rebroadcast of the session originally recorded in early fall 2025. Please be aware that subsequent IRS guidance released after the enactment of H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025 — may impact the content presented. For the most current updates and resources, please visit the Planning after tax change page.

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.

Note: This webcast is a rebroadcast of the session originally recorded in early fall 2025. Please be aware that subsequent IRS guidance released after the enactment of H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025 — may impact the content presented. For the most current updates and resources, please visit the Planning after tax change page.

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.