Monthly Tax Update (December) (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. Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. 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

• Legislative actions tied to the January 30, 2026 funding deadline
• P.L. 119-39, IRS Math and Taxpayer Help Act
• IRS guidance on OBBBA changes including 2025 transitional guidance on tip and overtime deductions for workers, Trump accounts
• Reminders for new recordkeeping for employers of tipped workers starting 1/1/26
• Changes in draft tax forms for 2025
• Tax cases on charitable contribution issues, interest classification, economic substance, and more
• Practice and procedure updates
• 2025 Year in Review for Tax - Key Developments from Congress, Treasury/IRS, and the courts

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