CPE PLUS: From IRS Guidance to Filing-Season Impacts: Bonus, QPP, PWA & Key OBBBA Takeaways
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Virtual
1.00 Credits
Member Price $0.00
Overview
Recent IRS guidance is reshaping planning, elections, and compliance for the 2025 tax year and beyond. This session provides a high level, practical overview of IRS updates affecting bonus depreciation, Qualified Production Property (QPP), §163(j) elections, and Prevailing Wage and Apprenticeship (PWA) compliance, along with real world observations from the first filing season under OBBBA.
Who should attend?
This session is intended for CPAs and tax professionals involved in tax planning or compliance, including those advising on bonus depreciation, Qualified Production Property (QPP), or PWA. The discussion will provide clarity on current IRS guidance and practical considerations relevant to these areas.
Objectives
Identify recent IRS developments impacting accelerated cost recovery, elections, and compliance
• Understand emerging PWA reporting and documentation considerations
• Recognize filing season insights and challenges under OBBBA
• Apply current guidance to support compliant, informed planning decisions
Leader(s):
- Jeff Hiatt, MS Consultants, LLC
- Kyle Young, MS Consultants, LLC
- Melissa Hiatt, MS Consultants, LLC
- Mike Smith, MS Consultants
Leader Bios
Jeff Hiatt, MS Consultants, LLC
Jeffrey Hiatt is director of New Business Development at MS Consultants, LLC. Since joining the firm in 1999, he has developed and fostered relationships with CPA firms, real estate professionals and accounting societies throughout the New England area helping to make MS Consultants the leading provider of Cost Segregation Studies in the Northeast.
Kyle Young, MS Consultants, LLC
Since joining MS Consultants LLC in 2007, Kyle Young, director, has consulted on cost segregation studies, tangible property regulations, fixed asset reviews, sect179D deductions, historic rehabilitation certification, and energy savings analysis. He is responsible for analyzing depreciation schedules and related records for proper asset classification and preparing tax filings required in conjunction with engineering studies. Prior to joining MS Consultants, Young spent four years with a Western New York public accounting firm.
Mike Smith, MS Consultants
Mike has had a meaningful and diverse career path with ms consultants since joining the firm in 1987. Initially hired as an intern in the Youngstown office, his role evolved from an environmental engineer to a branch manager, and he eventually became the firm’s chief operating officer. Today, Mike leads the company as President.
As the firm’s leader, Mike assumes responsibility for providing the highest level of service to clients. He enforces quality control procedures for all assignments, ensuring customer goals and objectives are met and exceeded through the efforts of talented and skilled personnel.
Outside the office, you can find Mike traveling with his wife and two daughters to destinations across the United States. They especially enjoy hidden gem and oddball sites that aren’t well-traveled. Mike also enjoys making furniture, watching sports, and helping family, friends, and neighbors with home improvement projects.
Member Price $0.00