January Live Tax Updates II

The Tax Updates Course offers tax professionals a comprehensive overview of the IRS changes that affect individual and business tax preparation for the 2025 filing season. This course covers all major updates from recent legislation, IRS notices, cost-of-living adjustments, new deductions, credit changes, reporting requirements, and compliance rules you must know for accurate and reliable tax preparation.

With all of the tax law adjustments for 2025, this course ensures you stay up to date on income thresholds, new contribution limits, updated deductions, expanded credits, digital asset reporting requirements, and the impact of the One Big Beautiful Bill Act (OBBBA). Whether you prepare individual or business returns, this course helps you navigate the most important changes that directly impact your clients.

Topics Covered:

• One Big Beautiful Bill Act (OBBBA) 

• 2025 IRS cost-of-living adjustments

• Standard deduction, SALT cap, and new 65+ deduction

• Updated teacher, tip, and foreign income rules

• Retirement plans: IRA, 401(k), TSP, SIMPLE, and catch-up limits

• 1099-K reporting requirements and payment platform rules

• Digital asset reporting (Form 1099-DA)

• Education credits: LLC, AOTC, student loan interest

• Business changes: Section 179, bonus depreciation, mileage rates

• Home energy & clean vehicle credits ending in 2025

• Income reporting: wages, tips, interest, dividends, self-employment

• QBI deduction updates and phaseouts

• Disaster loss rules, moving expense limitations

• Recordkeeping and documentation requirements
  
  
• and more!