Federal Tax Updates: Individuals - IRS Procedure and Tax Legislation (Video) (Course Id 2763)

• Who is this course for?
  This course is designed for tax and finance executives, directors, managers, staff, CPAs, CAs, Enrolled Agents, accountants, attorneys, and business/financial advisors who work with and advise businesses and individuals on tax matters.

• What is this course about or what problem does this course solve?
  This course addresses the need for tax practitioners to stay current with significant changes in tax legislation and IRS procedures, focusing on updates that impact individual taxpayers.

• How can the knowledge from this course be used?
  Participants can apply the knowledge to effectively implement new tax standards, advise clients on recent legal and procedural tax changes, and stay informed on current court decisions and IRS publications.

• Why is this course important to a CPA, Accountant, or IRS Enrolled Agent?
  The course is important because it helps professionals remain compliant and well-informed amid evolving federal tax laws and IRS practices, directly impacting their ability to serve clients accurately and ethically.

• When is this course relevant or timely?
  This course is especially timely for 2026, as it includes up-to-date tax changes, new legislation, and current IRS procedural updates affecting individual taxpayers.

• How is a course like this consumed or used?
  The course is delivered as a self-study video with review questions and a final exam, allowing participants to study at their own pace and earn CPE and IRS credits upon successful completion.

The well-informed tax practitioner will want to attend this program in order to stay abreast of major tax legislation changes and updates to IRS procedural issues.  This program will cover new court decisions, recent IRS publications, and the One Big Beautiful Bill provisions that will impact individuals.  This course will provide a concise look at the hottest topics affecting every tax practitioner. 

Who should Attend:  This course is suitable for tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants, attorneys and business/financial advisors who work with and advise businesses that have tax implications.  All in-house and public practice tax professionals will benefit from this timely and insightful seminar.

Program Content:

• Current tax issues affecting individuals.
• One Big Beautiful Bill Provisions that affect individuals.

• Individual Tax Rates
• Standard Deductions
• Exemptions
• Social Security
• Tip and Overtime
• Credits for Children
• AMT
• Student Loans
• Sec. 529
• Able Accounts
• Trump Accounts
• Gambling Losses
• Vehicle Interest
• Charitable Contributions
• Estate Taxes
• Itemized Deductions
• SALT
• Casualty Losses
• Health Reimbursement

• IRS Improvements
• Tax Controversy Updates
• Retirement Plans
• Innocent Spouse Relief
• New developments affecting the IRS procedure, current cases, payroll, and other federal tax issues.

Video - NASBA QAS - NASBA Registry - IRS Enrolled Agents - Registered Tax Return Preparers - 2763

Course Learning Objectives

• Understand the newest tax developments and changes to the Internal Revenue Code
• Learn effective and efficient techniques for implementing new standards
• Become familiar with recent court cases affecting business entities.
• Become conversant with recently issued Treasury publications and their implications to taxpayers.
• Know the status of upcoming tax legislation and how it might affect clients.

Chapter 1 - Federal Tax Updates: Individuals - IRS Procedure and Tax Legislation

Chapter 1 Review Questions

Glossary