Monthly Tax Update (August) - 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: August 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, guidance, and other tax matters
- Highlights of OBBB Act (Public Law 119-21) and IRS guidance, continued coverage of significant provisions and planning considerations
- Tax cases involving the income, charitable contributions, 401(k) investments, captive insurance, portability issues, and more
- Practice and procedure updates including Security Summit reminders
- Possible legislative changes still to come for 2025
Learning Objectives
- Identify key developments from legislatures, tax agencies and the courts
- Recognize law changes that may affect your clients and your practice
- Describe the IRS disaster relief update for Texas in 2025
- Identify the projected effect of the 2025 tariff increases on U.S. federal deficits according to CBO and other sources
- Identify the new individual deduction that does not require a Social Security number
- Identify a warning sign of phishing according to IRS IR-2025-75
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
