Federal Tax Update for Individuals and Business

Overview

This course will review OBBBA 2025 and the other recent tax legislation, rulings and developments that will impact both business and individual taxpaying clients. The course is designed to prepare the practitioner for the upcoming filing season and provide useful strategies to assist in the tax preparation process.

Speaker: Doug Van Der Aa

Highlights

• Recent legislative, judicial, and IRS developments impacting practitioners during the upcoming filing season.
• Impact of OBBBA changes on individual and business taxpayers.
• Update of reporting tips and overtime pay.
• Tax rates and inflation-adjusted figures.
• Individual taxpayer credits, including child care, dependent care, and premium tax.
• Depreciation tax update.
• Review of changes in tax forms.
• Analyze significant regulations, IRS rulings, and court cases affecting individuals, corporations, S corporations, and partnerships.

Prerequisites

Basic working knowledge of business and individual taxation.

Designed For

CPAs, EAs, and tax preparers desiring an update on significant developments to prepare for the filing season and members in industry seeking to keep their knowledge current.

Objectives

Upon completion of this course, you will be able to:
• Implement practical strategies based on recent developments.
• Understand changes in tax forms.
• Define key compliance issues.

Preparation

None

Notice

• This event is paperless unless you elect to pay for printed materials. • All materials will be available to download in advance and participants will receive an email two days prior to the course date. • Materials will also be posted in the “My CPE” section of the NESCPA website. • Parking and lunch are provided on-site