Tax Season Update for Individuals with Steve Dilley

Overview

This program provides an update to the latest tax developments, rules and regulations affecting individual taxpayers, including a review and integration of late 2024-25 legislation.  

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Objectives

• Identify and recall key compliance issues
• Implement practice strategies based on recent developments
• Apply changes to Form 1040 and related schedules

Highlights

• Update and integration of recent tax legislation impacting 2025 individual returns
• Update on significant individual tax developments related to cases and rulings
• Individual tax changes including the earned income credit, child credit, and child and dependent care credit
• Section 199A changes, including use of carryforward passive activity and 199A losses and latest tax forms
• Crypto reporting update
• 2026 tax rate schedule and other inflation adjusted items
• Passive activity and hobby loss rules changes