State and Local Tax Implications of the One Big Beautiful Bill

Marketing and Empathy Psychology

By - Nick Preusch

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While federal tax reform tends to dominate headlines, state and local tax (SALT) consequences often create the biggest challenges in implementation. This 2-hour webinar explores how the One Big Beautiful Bill interacts with state tax systems—both directly and indirectly—and what practitioners need to watch for in the months ahead.

From conformity issues to apportionment changes, this session will help you understand how states are reacting (or not reacting) to the federal overhaul and what that means for multistate taxpayers, businesses, and pass-through entities.

Learning Objectives:

By the end of the webinar, participants will be able to:
Identify which provisions of the One Big Beautiful Bill are likely to affect state income tax systems.
Explain the concept of state conformity (static vs. rolling) and its impact on implementation.
Discuss potential ripple effects on apportionment, nexus, and business tax credits.
Evaluate SALT cap implications and workarounds in light of federal changes.
Prepare for practical challenges in state-level compliance and reporting.

Key Topics Covered:

Overview of federal changes relevant to state tax
State conformity models and their response to the bill
SALT deduction limitations and workaround strategies
Corporate and pass-through entity considerations
State legislative and regulatory outlook

Who Should Attend?

CPAs, EAs, and Tax Preparers
CFOs and CEOs in crypto-forward industries
Financial compliance professionals
Tax attorneys and legal advisors

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Webinar Type

Clear

Speaker Detail

Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.