Monthly Tax Update (September) - 2025

Author: Annette Nellen

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 course 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: September 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, payments to and from Treasury, tariffs and other matters
• Status of FY2026 budget and changes to IRS funding
• Highlights of OBBB Act (Public Law 119-21) and IRS guidance including on the tip income deduction, and R&D transitional rules
• Update on draft tax forms for 2025 and some for 2026
• Tax cases involving IRA rollover delay due to scam, interplay of sections 199A and 280E for cannabis business, thin capitalization
• Practice and procedure updates including Security Summit reminders, false tax information on social media
• CTA news
• Legislative proposals for tax changes in September

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 date the Senate Finance Committee held a hearing to consider the nomination of Donald Korb
• Identify the Executive Order that relates to “Modernizing Payments to and From America’s Bank Account”
• Identify the draft form that included new Lines 15 and 16 as well as a new Line 17 for other deductions with a note to attach to Schedule A
• Identify a common warning sign that a business may be experiencing identity theft related to tax matters

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of tax preparation.

Advance Preparation
None