Business, PTET & QBI Tax Updates from 2025 Legislation
Author: Jane Ryder
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC |
This course will detail provisions for federal business taxation implemented with the 2025 OBBB Act. What has changed and what has remained the same; PTET, QBI, energy credits for business, depreciation, Opportunity Zones, R&D expensing, employer credits, ERTC update, changes to applicable income for the business interest limitation, and an expansion for the §1202 small business stock gain exclusion. Also changes to business reporting for Form 1099-NEC, Form 1099-K, and reporting related to the new individual deductions for tips, overtime, and car interest paid.
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 cardPublication Date: July 2025
Topics Covered
- Federal Business Taxation
- PTET
- QBI, Qualified Business Income Deduction, Section 199A
- R & D Credit
- Qualified Production Property
- Form 1099-NEC
- Business energy credits
- Commercial Clean Vehicle Credit
- Business Tax Credits
Learning Objectives
- Explain the current status of QBI and PTET deductions
- Determine how to advise taxpayers on new QOZ opportunities
- Determine opportunities available for R & D expensing
- Determine how to advise business owners on updated ERTC guidance
- Explain new business reporting requirements for 1099s, 1099-K, and reporting for tips, overtime, and car loan interest
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic knowledge of federal tax law
Advance Preparation
None
