These monthly update courses provide an opportunity to stay on top of developments that directly and indirectly affect your clients and practice. The focus is on key guidance from legislation, tax agencies and the courts that represent new interpretations, as well as guidance on new laws.
Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. This course will cover federal developments and issues, as well as key state and multistate changes likely to have a broad impact. We encourage you to register each month to stay on top of the constant change in tax guidance, build a strong foundation for tax planning, and identify possible practice development areas.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 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
Publication Date: August 2026
Designed For
Practitioners at all levels looking for a way to efficiently stay on top of key federal and state developments of most relevance to individuals and small businesses.
Topics Covered
- Recent OBBBA guidance including updated FAQs on overtime deduction, proposed regs on employer contributions to Trump Accounts
- IRS updates including pre-reg guidance on Savers Match that starts 2027, Schedule C documentation, theft loss, conservation easement overvaluations, importance of recordkeeping to obtain credit carryovers, twist in litigation on self-employment tax and limited partners, cryptocurrency scams, and more
- Final rules curtailing beneficial ownership reporting under the Corporate Transparency Act
- IRS Security Summit tips for tax pros
- OPR guidelines for responsible AI use in federal tax practice
- Select multistate developments, including new rulings finding Maryland Advertising Tax violates ITFA and some constitutional provisions
- Legislative proposals including Taxpayer Assistance and Service Act (TAS) passed by Senate Finance Committee on July 30
- And more
Learning Objectives
- Describe the most significant federal and multistate tax cases of the past five years and their relevance to tax compliance and planning
- Identify key federal tax developments from recent legislation, IRS guidance, and court decisions impacting individuals, businesses, and tax practice
- Analyze recent tax cases and rulings (e.g., economic substance doctrine, disaster relief, and penalty assessments) to determine their implications for client compliance and planning
- Evaluate IRS administrative updates, procedures, and enforcement trends to determine their impact on tax reporting responsibilities and practitioner
- Apply current federal and multistate tax law changes to identify planning opportunities, risks, and compliance considerations for clients
- Recognize emerging issues and upcoming tax developments to proactively advise clients and adjust tax strategies accordingly
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
Instructor
Annette Nellen
Annette Nellen, CPA, CGMA, Esq., is a professor at San Jose State University. Her courses include tax research, taxation of property transactions, taxation for accounting majors, and financial accounting.
Annette chairs the AICPA Digital Asset Tax Task Force and is a member of the AICPA SALT Committee. She formerly served on the AICPA Tax Executive Committee, including 2 ½ years as chair. In 2023 she was appointed to the IRS Advisory Council (IRSAC) and served as the IRSAC chair for 2024 and was reappointed for a 4th year. Annette is the recipient of the 2013 Arthur J. Dixon Memorial Award given by the Tax Division of the AICPA, the highest award given by the accounting profession in the area of taxation. In June 2023, she was awarded the Sid Kess Award for Excellence in Continuing Education. She is the recipient of the 2026 CalCPA Distinguished Service Award. Annette was named one of the Top 100 Most Influential People in Accounting for 2024 and 2025 by Accounting Today.
Annette is a regular contributor to Tax Notes State, and is the author of Bloomberg Tax Portfolio #533, Amortization of Intangibles. She is co-author and co-editor of four tax textbooks from Cengage. Annette has testified before the House Ways & Means Committee, Senate Finance Committee, California Assembly Revenue & Taxation Committee, and tax reform commissions and committees on various aspects of federal and state tax reform. She maintains the 21st Century Taxation website and blog (www.21stcenturytaxation.com). Prior to joining SJSU in 1990, Annette was with EY and the IRS.