2025 Federal Tax Update
Author: Bradley Burnett
| CPE Credit: |
8 hours for CPAs
8 hours Federal Tax Law Updates for EAs and OTRPs
8 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 Bradley Burnett, J.D., LL.M., as he delivers up-to-the-day changes in federal tax law. The course, delivered at a brisk pace and with humor, is designed to meet the needs of the tax planner and return preparer by identifying and responsibly exploring recent important tax developments impacting the upcoming filing season.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: December 2025
Designed For
Return preparers, tax planners, and taxpayers desiring to keep up with late breaking tax developments.
Topics Covered
- Statutes of Limitations
- IRS to Eliminate Paper Checks to Individuals
- Congress Solicitation of Taxpayer Advocate Office Assistance Effect of IRS Workforce Reduction
- Attorney Fees Awarded
- First Time Penalty Abatement Newly Automatic
- Portability Failure to Elect
- Portability Best Practices
- Inflation Adjusted Amounts for 2025, 2026 Rev. Proc. 2025-32
- Social Security
- Passive Activity Losses - Passive vs. NonPassive Material Participation by Trustee of Trust
- §1411 Net Investment Income Tax
- U.S./Canada Tax Treaty Effect on U.S. Income Tax Liability
- U.S./France Tax Treaty Effect on U.S. Income Tax Liability
- OBBBA P.L. 119-21
- Health Savings Account (HSA) Contribution Limits
- OBBBA Health Savings Accounts
- OBBBA Premium Tax Credit
- OBBBA Standard Deduction
- OBBBA Deduction for Personal Exemptions
- OBBBA Deduction for Seniors
- OBBBA Child Tax Credit
- OBBBA Alternative Minimum Tax
- OBBBA State and Local Taxes (SALT)
- OBBBA Qualified Residence Interest Expense Deduction
- TCJA Home Equity Debt
- Interest Tracing Rules
- Non-Cash Conributions Substantiation
- Constructive Receipt Basics
- Self-Employment Tax NIIT Tax
- Net Operating Loss (NOL) Splitting Carrybacks
- LLC Operating Agreements
- IRS Collection Activity Last Know Address
- Failure to File Penalties
- §199A Qualified Busines Income (QBI) Deduction
- OBBBA §168(k) Bonus Depreciation
- §168(k) Bonus Acquisition Date
- OBBBA §179 Expense Election
- OBBBA Research and Experimental Expenditures
- OBBBA §163(j) Business Interest Deduction
- OBBBA Deductibility of Excess Business Losses Under §461(l)
- OBBBA Qualified Small Business Stock (§1202)
Learning Objectives
- Identify major provisions of recently enacted (and newly effective) federal tax legislation
- Identify recent important court cases, regulations, rulings and related developments affecting individuals, businesses, investment, real estate, estates and trusts, C and S corporations, partnerships
- Identify income, employment and estate and gift taxes
- Identify IRS activity impact on planners and preparers
- Identify the school teacher above-the-line expense deduction for 2026
- Identify the 2026 foreign earned income exclusion limit
- Identify the 2025 standard deduction for heads of households (after amendment)
- Identify the refundable portion of the child tax credit in 2025
- Identify the state and local tax (SALT) deduction limit for married filing jointly in 2025
- Identify the top individual tax rate under the 2026 OBBBA
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (8 hours)
Program Prerequisites
Basic understanding of federal taxation.
Advance Preparation
None
