Monthly Tax Update (March) - 2025
Author: Annette Nellen
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 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
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.
Publication Date: March 2025
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
- Update on tax changes related to the TCJA extension of expired and expiring provisions and other likely tax changes
- Updates on Executive Orders and actions related to the IRS and other tax matters
- Tax updates on government funding, taxation of grants, required recordkeeping and relevance, charitable contributions, and more
- Treasury position on Corporate Transparency Act and expected compliance changes
- Digital asset tax matters and reminders
- Practice and procedure updates – New Circular 230 FAQs from OPR, Dirty Dozen list for 2025, reasonable cause penalty relief, and more
- Numerous examples of tax proposals introduced this month by Congress
Learning Objectives
- Identify key developments from legislatures, tax agencies and the courts
- Recognize law changes that may affect your clients and your practice
- Identify the final day to begin required withdrawals from IRAs and 401(k)s
- Identify over how many people have unclaimed refunds for 2021, likely totaling over $1 billion per IRS estimates
- Identify the number of senators that sent a letter to IRS Acting Comm’r Krause and Dept of Homeland Security Secretary Noem, demanding answers on use of sensitive taxpayer information from the IRS
- Identify the tax considerations addressed by Taylor, TC Summary Opinion
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
