Monthly Tax Update (June): Including The Latest on the 2025 Tax Bill
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. With the expectation of significant tax legislation in 2025, progress on this legislation and review of any drafts are covered (once enacted, Wolters Kluwer will offer a course with details on the changes and their relevance to planning and compliance).
Join tax expert, Annette Nellen, as she emphasizes the updates most relevant to individuals and small businesses. 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: June 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
- Updates on Executive Orders and actions related to the IRS and other tax matters
- Highlights of the One Big Beautiful Bill Act (H.R. 1) proposal as passed by House and Senate, with key tax differences covered information from JCT and CBO
- Tax cases involving private jet usage, interest expense, casualty losses, self-employment tax and limited partners, and more
- Practice and procedure updates including accounting method changes, U.S. Supreme Court ruling on Tax Court jurisdiction, GenAI cautions, and more
- Convenience of the employer ruling in New York, and other multistate updates
Learning Objectives
- Identify key developments from legislatures, tax agencies and the courts
- Recognize law changes that may affect your clients and your practice
- Identify how much the IRS collected in gross taxes based on the IRS's FY2024 Data Book
- Identify the state that recently made changes to unclaimed property laws for virtual currency
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
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