2025 Mid-Year Tax for Business Update - Tax Law Kept Changing During Tax Season-What Did You Miss?

Author: Bradley Burnett

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

While you were taking tax season head on and recovering from it, guess what happened? Over 500 court cases, 200 IRS IRB developments (including regs), 2,500 IRS rulings and other goodies came down. What did you miss? More than you might think. We've knocked it down for you. Give us two hours. We'll get you caught up.

This built-from-scratch course 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.

Publication Date: June 2025

Designed For
Return preparers, tax planners and taxpayers desiring to keep up with late breaking tax developments

Topics Covered

• 2025 House Bill H.R. 1 Tax Provisions
• FICA Tip Tax Credit Form 8846
• 2025 House Bill No Tax on Overtime
• 2025 House Bill Wagering (Gambling) Losses
• Specified Service Trade or Business (SSTB) (Not Favored) Definition
• 2025 House Bill 199A Qualified Business Income Deduction (QBID)
• 2025 House Bill State and Local Taxes (SALT)
• 2025 House Bill Employer-Provided Child Care Credit
• 2025 House Bill Paid Family and Medical Leave Credit
• 2025 House Bill 168(k) Bonus Depreciation
• 2025 House Bill 179 Expense Election
• 2025 House Bill Research and Experimental Expenditures
• 2025 House Bill 163(j) Business Interest Deduction
• 2025 House Bill Increased Threshold for Form 1099-K Reporting
• 2025 House Bill Reporting Threshold for Non-Employee Comp (Form 1099-NEC)
• 2025 House Bill Deductibility of Excess Business Losses Under 461(l)
• 2025 House Bill COVID-Relarted Employee Retention Credit (ERC)
• 2025 House Bill Sports Franchises
• 2025 House Bill C Corp Income Tax Changes
• 2025 House Bill Special Depreciatoin Allowance for Qualified Production Property
• 2025 House Bill Manufacturing Gross Receipts
• 2025 House Bill Qualified Opportunity Zone
• 2025 House Bill Clean Energy
• 2025 House Bill Loans Secured by Rural or Ag Real Property
• 2025 House Bill Costs of Qualified Sound Recordings
• 2025 House Bill Excessive Employee Renumeratoin
• 2025 House Bill Exempt Org and Private Foundatoin Tax Changes

Learning Objectives

• Identify relevant new tax developments affecting businesses
• Identify tax planning opportunities affecting businesses created and freed up by late breaking tax developments
• Identify major new tax developments affecting businesses on the horizon and how to respond
• Identify new IRS tactics against taxpayers
• Identify currently relevant risks and opportunities facing business taxpayers and tax preparers

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of business taxation.

Advance Preparation
None