Download the 2025 Income Tax School brochure

Registration Cost: $345

Annual Federal Income Tax Course Webinar II 2025

Agenda: 

Our webinar will cover most of the following chapters from the 2025 National Income Tax Workbook as time allows.

Ethics

Because of the new guidance, this chapter will be taught at all in-person and online two-day tax courses in 2025. This chapter details new guidance on responding to noncompliance with laws and regulations, as well as a review of proposed Circular 230 regulations.

Religious Organizations

This chapter explains rules that apply to religious organizations and their employees and members. It explains tax-exempt status for a religious organization. This chapter discusses a religious organization’s entity tax and unrelated business income. It reviews the taxation of religious organization service providers and more.

Trusts and Estates 

This chapter discusses tax rules for revocable trusts. It explains the I.R.C. § 645 election to treat a qualified revocable trust as part of a related estate. It reviews when a trust or estate can obtain an income tax charitable contribution deduction and when an estate can claim an estate tax charitable deduction. This chapter explains how to determine the basis of inherited property and gifted property and more.

Business Entity Tax Issues

This chapter examines current issues that pertain to business entities. It explains new case law that could impact the character of gain or loss on the sale of a partnership interest. This chapter provides an overview of the reporting requirements for property distributed by a partnership and the sale or exchange of certain partnership interests. This chapter also explains partnership elections and more.

Installment Sales

This chapter examines installment sales, including the calculation of installment sale income and depreciation recapture. It discusses the sale of a business on an installment sale, and how installment income is reported. It reviews the special rules that apply to an installment sale to a related party and an installment sale combined with a like-kind exchange and more.

Retirement Tax Issues

This chapter discusses important tax topics for retirement accounts. Topics include the following: New guidance for required minimum distributions from inherited retirement accounts, designating a trust as a beneficiary of a retirement account, Roth IRAs, designated Roth contributions and the Roth catch-up rule, retirement account disaster distributions, and more.

Tax Benefits for Homeowners

This chapter discusses tax benefits that are available to homeowners. It explains the mortgage interest deduction and the deduction for state and local real estate taxes. It discusses how to calculate and report the home office deduction. This chapter explains the exclusion of gain on the sale of a principal residence and more.

Individual Tax Issues

This chapter covers several current issues for tax practitioners preparing individual income tax returns, including the following: Determining filing status, tax on children’s income, constructive receipt of income, earned income tax credit, itemized deductions and more.

Business Tax Issues

This chapter reviews the deduction for start-up and organizational expenses. This chapter explains equity-based compensation for a small business. It also discusses how to allocate the purchase price among assets in an asset sale. This chapter details when and how to correct depreciation errors and more.

IRS Issues

This chapter covers key IRS issues for practitioners

Agricultural and Natural Resource Tax Issues

This chapter covers several current issues for tax practitioners preparing returns for farmers and ranchers, including the taxation of unharvested crops and the sale of inherited farm assets.

New and Expiring Legislation

This chapter covers recently enacted tax legislation and procedures, including details on the One Big Beautiful Bill Act.

Rulings and Cases

This chapter summarizes selected rulings and cases that were issued from September 2024 through August 2025.

Tax Rates and Useful Tables

This chapter reports the tax rates, deduction limits, credit limits, and income thresholds and limits that change each year.

Continuing Education

16 hours IRS CE, including 2 hours of ethics. 

• Y7WRM-U-00392-25-O (four hours of updates)
• Y7WRM-T-00393-25-O (10 hours of topics)
• Y7WRM-E-00391-25-O (2 hours of ethics)

16 hours of State CPE

16 hours of Wisconsin CLE 

16 hours of Wisconsin Insurance 

• Day 1: 8 hours General (6000201927)
• Day 2:
  • 6 hours General (6000201901)
  • 2 hours Ethics (6000202881)

Speakers

Kristiana Coutu: Senior Legal Counsel, Center for Agricultural Law & Taxation, and Director of Beginning Farmer Center, Iowa State University

Chris Harper: CPA, MBA, DBA, and Senior Manager, Hungerford Nichols CPAs + Advisors

Chris serves on the faculty for Grand Valley State University’s Seidman College of Business as an affiliate instructor in the School of Accounting. A frequent speaker, he has also taught a variety of continuing education courses for state CPA societies. Chris provides accounting and consulting services to a wide variety of clients. He has been serving the tax and accounting needs of businesses and individuals since 1998.

David Repp: Attorney, Dickinson Mackaman Tyler & Hagen PC

David practices primarily in the area of taxation. He provides a broad range of tax counsel on topics including federal and state income tax planning, taxation of employee benefits, equity structure, and mergers.

Stakeholder Liaison, IRS

Kristine Tidgren: Director, Center for Agricultural Law & Taxation (CALT) Iowa State University

Kristine is an attorney and the Dolezal Adjunct Associate Professor in the Agricultural Education and Studies Department at ISU. Kristine enjoys researching and analyzing complex tax issues and writes and edits many articles, blog posts, and educational materials. She speaks to many groups regarding tax and legal topics throughout the year.

Accommodations

Online. Participants will receive GotoWebinar links to the sessions, morning and afternoon.

All attendees will receive the workbook by mail.