Overview

This course will address the most recent tax legislation, rulings and developments occurring in 2024-25 that will impact both the business and individual taxpaying client. The course is designed to prepare the practitioner for the upcoming filing season and provide useful strategies to assist in the tax preparation process.

Course Instructor: Douglas Van Der Aa

Highlights

Highlight significant tax changes impacting 2025 and 2026 returns
Address impending TCJA Expiration
Form 1040 - Review and Update
New Form 7206 for Self-Employed Health Insurance Deduction
2025 Standard Deduction and Brackets
2025 Itemized Deductions
Digital asset reporting
1099-K reporting
Employee retention credit
Section 163(j) business interest expense
S Corporation basis reporting
Partnership and S Corporation updates
Estate and gift taxes
2025 & 2026 tax planning

Prerequisites

Basic working knowledge of business and individual taxation.

Designed For

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.

Objectives

Identify the latest legislation and regulations impacting individual and business taxpayers.
Implement practical strategies based on recent developments.
Apply changes in tax forms.
Discuss planning and potential pitfalls.

Preparation

None

Notice

This event is paperless unless you elect to pay for printed materials.
All materials will be available to download in advance and participants will receive an email two days prior to the course date.
Materials will also be posted in the "My CPE" section of the NESCPA website.
Parking and lunch are provided on-site

Lodging

SpringHill Suites by Marriott
3604 Prairieview St.
Grand Island, NE 68803
Book your group rate for NE Society of CPAs - December 2025