Greg will provide a quick tour through the essential provisions of the new tax act that was just signed into law on July 4, 2025.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 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 cardPublication Date: July 2025
Topics Covered
- Changes to Section 199A (the 20% QBID)
- Changes to the treatment of excess business losses
- Changes to the tax treatment of research expenditures
- Changes in filing requirements for Forms 1099
Learning Objectives
- Explain how to apply the new rules for computing the 20% section 199A QBID
- Explain how to apply the new rules for excess business losses (§461(l))
- Identify which Forms 1099-MISC and 1099-NEC will no longer be required
- Identify the effective date of the new 100% bonus depreciation rules
- Identify the 2025 beginning phase-out range with respect to Section 179
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Prior Business Tax Knowledge
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.