2025 Mid-Year Tax Update (Half-Day Webinar) (Completed)
Date: Wednesday, June 11, 2025
Instructor: Greg White
| Begin Time: |
8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time |
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join expert Greg White, as he provides a fast-paced, thorough, and easy-to-understand update on the recent Federal tax developments. He’ll help you confidently navigate the maze of 2025 tax developments.
Note: This update will include in-depth coverage of the new tax bill.
Who Should Attend
Tax professionals seeking an easy-to-follow summary of important tax developments in the first half of 2025.
Topics Covered
- Important provisions in HR 1, the massive tax bill to extend the Tax Cuts and Jobs Act and new tax provisions, including:
- o Effective date for 100% bonus depreciation.
- o Important changes to section 199A (20% QBID for business income).
- o Changes in state and local tax limits.
- o Changes in the “excess business loss” provisions.
- o Research deductions.
- o Deducting personal car loan interest expense.
- o Possible changes in the Senate (but we don’t expect significant changes).
- Taxation of LLC members (there’s an important brand-new case).
- Passive activity cases.
- New regulations on required Roth treatment of 401(k) catch-up contributions for some taxpayers
- New regulations on ethical requirements for tax professionals who practice before the IRS
- o These are cases that affect everyday tax issues like estimated expenses, charitable contributions, the Child Tax Credit, and substantiation issues.
Learning Objectives
- Apply the provisions of HR 1, which passed the House on May 22. Expected changes in the Senate.
- Identify and apply important 2025 cases
- Recognize opportunities to increase clients’ participation in Roth accounts under the new “Rothification” of catch-up contributions.
- Apply administrative releases, including IRS guidance on misclassification of employees as independent contractors
- Identify developments in the self-employment tax of LLC members
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Some background in Federal tax.
Advance Preparation
None
