Richmond: Don Farmer's 2025 Individual Income Tax Workshop
8.00 Credits
Member Price $309.00
Price will increase by $75 after 11/25
Non-Member Price $434.00
Price will increase by $75 after 11/25
Overview
Join us for Don Farmer’s 2025 Individual Income Tax Workshop to make sure you’re fully prepared for the upcoming tax season. In this course, we’ll dive into the latest individual income tax developments, recurring issues and planning ideas, all presented with a blend of humor and practical examples. From new tax law provisions to the tricky problem areas that can trip up both practitioners and clients, we’ve got you covered. You’ll walk away with clear explanations, valuable planning tips, and a better understanding of the most recent guidance — all aimed at helping you tackle 2025 individual income tax return preparation with confidence.
Delivery Method: Group-live
CPE Credit: Taxes
Program Level: Update
Virginia Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Highlights
The Materials Include A Review of Individual Income Taxation Including: The Child Tax Credit, Dependent Care Credit, Premium Tax Credit and Earned Income Credit; Tax Free Forgiveness Of Student Loans; Charitable Contribution Deductions; The Kiddie Tax; Taxation of Damage Awards; Tax Benefits For Education Including The American Opportunity Tax Credit; Capital Gains And Losses; 1031 Exchanges; Qualified Opportunity Funds; Gain Exclusion Upon Sale Of Principal Residence; Qualified Plans and Individual Retirement Accounts (including changes made by SECURE Act 2.0); Interest Deductions, Including The Home Mortgage Interest Deduction; Medical Expenses; Deduction For State And Local Taxes; Home Office Deductions; Hobby Losses; and The Passive Activity Limitations. • Significant 2025 Developments Including: Any New 2025 Legislation; New 2025 Electric Vehicle Credits and Credits for Energy Efficient Improvements to Residences and Rental property; Regulations, Court Cases, Rulings And Other Non-Legislative Developments Such As the New Regulations Modifying The Required Minimum Distribution (RMD) Rules For 2025, and Much More. • Planning Ideas, Including Planning With New Tax Legislation.
Prerequisites
At least one tax season
Designed For
Individuals who prepare individual income tax returns or who engage in individual income tax planning.
Objectives
To provide explanations and planning ideas relating to the latest 2025 individual income tax developments, including the most recent guidance on new tax law provisions. To help practitioners prepare for “tax season.” To review various tax law provisions that tend to be problem areas for practitioners and clients.
Preparation
None
Leader(s):
Leader Bios
Nicholas Preusch, Tax Manager, Yount, Hyde & Barbour, PC
Nick Preusch, CPA, J.D., LL.M., MSA, has a primary focus of performing tax services relating to emerging issues and complex tax transactions. He works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Nick started his career with the Internal Revenue Service (IRS) as a revenue agent, and then as an attorney at the IRS National Office in Washington, D.C., where he was the lead attorney for several significant tax ethics cases.
Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick has been a member of the AICPA’s Tax Practice Responsibilities Committee, Tax Executive Committee and Professional Ethics Executive Committee.
Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LL.M. in taxation from Georgetown University, a J.D. from Case Western Reserve University, and an MS in accounting from the University of Connecticut.
Non-Member Price $434.00
Member Price $309.00