[WEB] Year 2025 Tax Update

Description

This comprehensive federal tax update will cover all new tax legislation, including a comprehensive review of the changes made by the Trump administration, Inflation Reduction Act, the latest developments on the Corporate Transparency Act, other new tax legislation; and other new regulations, cases, and rulings in all areas of federal taxation.   

Objectives

After completing this course the participant will be able to:

• Describe the legislative changes mad by the Trump administration and the Inflation Reduction Act (IRA), including residential energy requirements for 2025; electric vehicle credits; clean energy credits; and treatment of state or property tax refunds. 
• Discuss the retirement changes in the SECURE 2.0 Act, conservation easement tax shelters, and increased funding limits for retirement plans in 2025.
• Discuss the latest guidance on digital assets.
• Describe the options for distributions from qualified plans and IRAs and proposed regs.
• Explain new developments that affect S corporations, LLCs, and partnerships, including the PTE election and requirements for Form 808 and Form 7217.
• Discuss the current status of the Corporate Transparency Act and reporting beneficial ownership information.
• Summarize the most recent tax accounting provisions, including changes in method.
• Describe the latest changes affecting passive activity losses, including whether the income or loss from an Airbnb/Vrbo is reported on Schedule C or Schedule E.
• Discuss the current status of the return preparer rules, e-filing requirements, and PTINs.
• Describe the latest developments in IRS procedures and practices, including changes to Circular 230.
• Discuss the recent changes in the estate & gift tax rules, including CRT as listed transaction.
• Discuss recent developments in employment and self-employment tax. 

Designed For

LINK AND INSTRUCTIONS TO COME AES TAX ONE DAY PRIOR TO SESSION