2025 Business Federal Tax Update
Author: Greg White
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Law Updates for EAs and OTRPs
4 hours Federal Tax Updates for CTEC |
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
