June 2025 Tax Update and Planning Strategies MicroCast - 1 Hour CPE

June 2025 Briefing: What Tax Pros Need to Know Learning Objective: By taking this course, the student will learn about differential pay for reservists during national emergencies, navigating the exit tax for expatriating U.S. citizens, the general welfare exclusion, pushback against Trump’s plan to end IRS Direct File, a minor child as the owner of a rental, working in a foreign country, a state non-resident on payroll, multiple properties received in a Sec. 1031 exchange, the future consequences of the home office method, the sale of U.S. Treasury notes, the home acquisition debt limit for unmarried taxpayers, the QBI deduction when one rental shows a loss and the other a profit, claiming education interest for a non-dependent, a Canadian resident for part of two years and the Sec. 911 exclusion, disaster filing extensions, and home sales after divorce.    CPE Hours:  Federal Tax Law = 1 CPE Credit / Total = 1 CPE Credit Accreditation:  CTEC, IRS, Enrolled Agents