AICPA's Annual Federal Tax Update
All new material for tax practitioners to get updated on the most pressing tax matters affecting business entities, individuals, estates, and trusts, including H.R. 1.
Format
Online
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
11
Availability
1 year
Product Number
PTU25SSO
Exploring H.R. 1’s effect on federal taxation
Virtually every taxpayer is affected by the tax provisions of H.R. 1, commonly referred to as OBBBA. This all-new course dives into the most consequential provisions of the legislation, including:
- Research or experimental expenditures
- Depreciation (bonus, qualified production, and Section 179)
- Temporary deductions for seniors, tips, overtime, and car loan interest
- Increased state and local tax (SALT) cap
- Enhanced and terminated tax credits
- And much more
Learners are provided accessible explanations of H.R. 1’s often complicated provisions paired with examples to illustrate their effect on taxpayers.
Covering easy-to-miss tax matters from the past year
H.R. 1 wasn’t the only item of important tax news from the past year. Tax professionals can get caught up on the latest legislative, judicial, and IRS developments affecting businesses, individuals, estates, and trusts. Matters that specifically affect tax practitioners (such as changes in the tax regulatory environment) are covered.
Topics include:
- Inflation adjustments
- U.S. Tax Court cases
- Estate tax basis regulations
- Partnership debt allocation regulations
- New simplified transfer pricing method
- Beneficial ownership information reporting
Who Will Benefit
- Public accounting senior associates, managers, and partners
- Tax professionals in company finance or tax departments
Key Topics
- Provisions of H.R. 1, commonly referred to as OBBBA
- IRS administrative issues, compliance, and new forms
- Court cases settled in the last year
- New, updated, and expiring tax deductions and credits
Learning Outcomes
- Identify 2025 inflation adjustments that primarily affect businesses.
- Identify 2025 inflation adjustments that primarily affect individuals.
- Recognize the impact of recent changes in the tax regulatory environment.
- Identify changes H.R. 1 made to general business taxation.
- Determine when deemed royalty payments terminate for repatriated intangible property.
- Recognize H.R. 1’s changes that affect pass-through entity taxation.
- Identify the changes that H.R. 1 made to individual taxation.
- Determine an estate beneficiary’s tax basis in property received from an estate.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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