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
The passage of the OBBBA (Tax Cuts and Jobs Act extension) makes 2025 the most import tax year in almost a decade. We’ll go through most of the major changes, including important planning ideas.
Publication Date: December 2025
Topics Covered
- Section 199A QBID
- Bonus Depreciation and Section 179
- Excess Business Losses
- Business Meals
- Hobby Losses
- Self Employment Tax
Learning Objectives
- Explain how to apply the new rules related to the section 199A 20% QBID deduction
- Identify changes in the excess business loss (EBL) restriction
- Explain how to apply the new expanded credit for employer-paid FICA taxes
- Explain how to apply important new changes in requirements for filing Forms 1099-MISC and 1099-NEC
- Identify the maximum Section 179 deduction for 2025
- Identify the workers newly eligible for the expanded FICA tip credit beginning in 2025
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic understanding of federal income taxation concepts.
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.