Get up to speed on the major 2025 federal tax changes shaping Form 1040. This course covers the latest legislation’including the One Big Beautiful Bill Act’new deductions and credits, updated SALT rules, Trump Accounts, vehicle-related provisions, crypto reporting, IRS modernization, and key court decisions. Packed with examples and planning insights, this update prepares practitioners for the 2025 filing season.
Learning Objectives
• Understand the major federal income tax laws impacting individuals as well as changes to Form 1040 and other related schedules and forms
• Understand the new tax legislation passed by Congress
• Understand the new administrative guidance issued by the IRS and Treasury Department
• Understand the recent court decisions that impact individual taxation
Major Topics
• Review of recent federal legislation and administrative rulings
• Review of recent modifications to tax forms
• Review of small business tax law and administrative update changes
• Review of retirement plan changes
• Overall review of tax practice and procedures
