The NMSCPA is excited to announce Douglas Van Der AA with Van Der AA Tax Education will be the instructor for our 2025 Tax Update.
Whether you asked for it (or not) it's here! The One Big Beautiful Bill Act was signed on July 4. This program will dig into the meat of the Act that will matter to your clients, including No Tax on Tips, No Tax on Overtime, increased Section 199A Deduction, 100% Section 168(k) Bonus and much, much more!
Objectives
Upon completion of this course, you will be able to:
• Identify provisions of the OBBA of 2025 for individual and business taxpayers.
• Apply key compliance issues.
• Discuss tax planning implications for the upcoming tax season.
Highlights
• An overview of provisions of existing law extended, made permanent without substantial change and/or WITH substantial changes, including casualty losses, individual tax rates, alternative minimum tax, bonus depreciation, Sec. 179 immediate expense deduction, deduction of research and experimentation expenses.
• New law provisions for individuals and businesses.
• Review of existing law provisions that have been repealed, including electric car credit, home energy credits, commercial clean vehicle credit and electric car charger credit.
Who Will Benefit
Practitioners desiring an update on significant developments to prepare for the filing season, staff members who will have significant compliance assignments during tax season, and members in industry seeking to keep their knowledge current.
