Key Takeaways

This course provides tax professionals a comprehensive, section by section reconciliation of the One Big Beautiful Bill Act and the Tax Cuts and Jobs Act for 2026 filings.

• Reviews all six chapters of the OBBBA, including middle class tax relief, presidential tax priorities, business tax certainty, community investments, energy policy changes, and deduction guardrails.
• Identifies which Tax Cuts and Jobs Act provisions changed in 2018 versus which were updated for 2026, covering individual, business, exempt organization, and international tax reform.
• Highlights new middle class provisions such as no tax on tips, no tax on overtime, and no tax on car loan interest, plus expanded standard deduction and child tax credit amounts.
• Covers business focused changes including full expensing for business property, revised business interest limitations, and international rules affecting foreign tax credits and base erosion.
• Worth 31.0 CPE and 31 IRS credits as a self study text course requiring a 155 question final exam preceded by 96 review questions and a 70% passing score within one year.

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Key Takeaway

This page explains the NASBA Fields of Study framework developed with the AICPA, helping CPAs understand the technical and non technical categories their CPE credits must fall under to stay compliant.

• NASBA developed the Fields of Study framework in collaboration with the AICPA, dividing it into two main areas, technical and non technical subject matter.
• The Joint AICPA/NASBA CPE Standards Committee establishes the rules for approved providers and periodically revises the framework, most recently with 2024 updates that expanded content and learning formats.
• The Technical Fields of Study cover 13 subject matter areas, including Accounting, Auditing, Business Law, Economics, Finance, Information Technology, and Regulatory Ethics.
• The Information Technology field covers rapidly expanding topics such as Artificial Intelligence, Cyber Security, Cloud Computing, Blockchain, Data Analytics, and Robotics or Process Automation.
• The Regulatory Ethics field ties directly to the AICPA Code of Professional Conduct, covering subjects like Conflict of Interest, Independence, and Integrity and Objectivity.

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