2025 Mid-Year Tax Update - Tax Law Kept Changing During Tax Season - What Did You Miss?

Author: Bradley Burnett

While you were taking tax season head on and recovering from it, guess what happened? Over 500 court cases, 200 IRS IRB developments (including regs), 2,500 IRS rulings and other goodies came down. What did you miss? More than you might think. We've knocked it down for you. Give us four hours. We'll get you caught up.

This built-from-scratch course delivers up-to-the-day changes in federal tax law. The course, delivered at a brisk pace and with humor, is designed to meet the needs of the tax planner and return preparer by identifying and responsibly exploring recent important tax developments.

Publication Date: June 2025

Designed For
Return preparers, tax planners and taxpayers desiring to keep up with late breaking tax developments

Topics Covered

• Major provisions of recently enacted (and newly effective) federal tax legislation
• Recent important court cases, regulations, rulings and related developments affecting individuals, C and S corporations, partnerships, businesses, estates/trusts and retirement plans

Learning Objectives

• Identify relevant new tax developments
• Identify tax planning opportunities created and freed up by late breaking tax developments
• Identify major new tax developments on the horizon and how to respond
• Identify new IRS tactics against taxpayers
• Identify currently relevant risks and opportunities facing taxpayers and tax preparers
• Identify the tax provision that would be made permanent under the 2025 House Bill
• Identify the income level that qualifies a taxpayer for the 20% QBI deduction phaseout for married filing jointly in 2025
• Identify a new tax break introduced in the 2025 bill
• Identify how long an employee must work to qualify under the new PFML credit
• Identify the section that limits the deductibility of business interest expenses

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of taxation.

Advance Preparation
None