Monthly Tax Update (May): Including The Latest on the 2025 Tax Bill (Completed)

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These monthly update webinars provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws. With the expectation of significant tax legislation in 2025, progress on this legislation and review of any drafts are covered (once enacted, Wolters Kluwer will offer a webinar with details on the changes and their relevance to planning and compliance).

Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.

Who Should Attend
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.

Topics Covered

• Updates on Executive Orders and actions related to the IRS and other tax matters, including TIGTA report on IRS workforce reductions.
• Updates on the 2025 tax bill including highlights of the bill passed by the House Ways and Means Committee, JCT data on the bill, and next steps.
• Tax cases involving hobby loss, medical expenses, fixing reporting errors, NTA and ERC, and more.
• Practice and procedure updates
• P.L. 86-272 modification in 2025 tax bill, other multistate updates
• And More

Learning Objectives

• Identify key developments from legislatures, tax agencies and the courts
• Recognize law changes that may affect your clients and your practice

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None