2025 Annual Tax Season Update

Course Description:

Each year, income tax return preparation is affected by inflation-related changes to various limits and new tax laws. This course will look at those changes and new laws.

The 2025 Annual Tax Season Update course is based on the Annual Federal Tax Refresher course and is designed to provide valuable information to persons preparing individual 1040 income tax returns reflecting clients’ 2024 income. It does not, however, satisfy the Internal Revenue Service’s voluntary annual filing season program.
The course a) examines new tax law and changes in various limits that reflect inflation, b) provides a general tax review, and c) discusses important rules governing tax return preparer ethics, practices and procedures.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
Recognize third-party network transaction reporting requirements;
Describe the Direct File Pilot program;
Understand the SECURE 2.0 Act requirements applicable to designated Roth account catch-up contributions to employer-sponsored retirement plans for higher paid participants;
Describe the change in designated Roth account distributions brought about by the SECURE 2.0 Act;
Recognize the federal income tax filing statuses and the criteria for their use;
Identify the types of income that must be recognized;
Apply the tax rules to the various credits and adjustments to income available to taxpayers;
Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns; and
Identify the duties and restrictions imposed on tax preparers under Circular 230.

Course Number:	PW5498
Field of Study:	Taxes
Level:	Basic
Author/Instructor:	Paul Winn
Publication Date:	July 2024
CPE Credits:	9
Program Prerequisites:	None
Advanced Preparation:	None

Course Format: Online
Test Format: Online
CPE Credit: 9
Level: Basic
NASBA Field of Study: Taxes
Instructional Method: Self Study
Program Prerequisites: None
Advanced Preparation: None

Our Price: $99
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Credit Hours 9

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