Get up to speed on the year’s most important Federal and California tax law developments’on your schedule. This on-demand course breaks down the sweeping impact of the One Big Beautiful Bill, the cornerstone legislation driving many of this year’s tax reforms, and what it means for compliance, planning, and advisory work. You’ll walk through key updates, including expanded credits and deductions, regulatory changes, and the latest guidance from the IRS and California FTB. The course also highlights notable court decisions that shape how new and existing rules are interpreted and enforced. Designed with practitioners in mind, this session focuses on what actually matters in practice’from due diligence considerations to practical planning strategies. By the end, you’ll have clear, actionable insights to help you navigate the complexities of the 2025 tax season with confidence.
Learning Objectives
• Identify new federal and California tax legislation affecting individuals
• Describe the year's significant federal and California law change from the legislature, IRS, FTB and the courts
• Identify new due diligence areas relevant to individual income tax matters
• Learn how new tax rules affect tax planning and compliance
Major Topics
• Explanation of legislation enacted in 2025 along with reminders for 2024 from legislation of recent years
• California tax law changes
• Income inclusions, exclusions and deductions
• Property transaction updates
• Passive activities, hobbies and other losses
• Guidance and planning on energy credits
• Significant IRS developments affecting practice and compliance procedures
• California's major developments for individuals and conformity to federal law changes for 2025
• Filing status, credits and retirement plan developments
• Expired and expiring provisions
• Inflation adjustments for 2026
• Due diligence and planning reminder