Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. 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.
Publication Date: December 2025
Designed For
Tax professionals seeking an easy-to-follow summary of important tax developments in the first half of 2025.
Topics Covered
- OBBBA Business Provisions
- Section 199A QBID
- Excess Business Losses
- Section 1202 Exclusion
- Domestic Research Expenses
- Other Business Provisions
- Everyday Tax Issues
- IRS Data Book
- Passive Activities
- Beneficial Ownership Reporting
- Crypto Reporting
- Hobby Losses
- Reasponsible Person Penalties
- Employment Taxes
- Cannabis
- Reducing Risk
- IRS Procedure
- IRS Administration Appeals
- Artificial Intelligence and Tax
- S Corporations
- Guaranteed Payment
- New K-2/K-3 Exemptions
Learning Objectives
- Explain how to apply new IRS guidance on the income tax impact of receiving an employee retention credit (do you have to report the receipt as taxable income?)
- Explain where the beneficial ownership rules (Corporate Transparency Act) finally landed (after many changes and much litigation)
- Identify developments in the self-employment tax of LLC members
- Identify key elements of the expected extension of the Tax Cuts and Jobs Act
- Explain the impact of the IRS withdrawing the partnership basis-shifting regulations
- Explain how to apply the new IRS interpretation of an important exception to employee vs. independent contractor classification
- Determine how to avoid the pitfalls of an LLC that makes an S corporation election
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Some background in Federal tax.
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.