Federal Tax School Part 2 (Tax)

4 hours in Tax
Participants will receive a digital copy of the University of Illinois Tax School's 2025 Federal Tax Workbook
Topics Covered:
Rental Real Estate/Schedule E
    a. Residential Real Estate Rentals
    b. Tangible Property Regulations
    c. Self-employment Tax on Rental Income
    d. Qualified Business Income Deduction
    e. At-Risk Rules
    f. PAL Limits
    g. Rental Real Estate and Royalties
    h. Loss Limitations
    i. Qualified Joint Venture
    j. Schedule E versus Schedule C
    k. Income or Loss from Partnerships & S Corporations
New Developments
    a. Social Security Fairness Act
    b. Updates to Form 1099-DA and Final Regulations
    c. Updates to Automatic Accounting Method Changes
    d. Disaster Relief Provisions
    e. New FAQs for the ERC
    f. Corporate Alternative Minimum Tax Developments
    g. Withdrawal of Basis-Shifting Transaction Regulations Retirement Plans for Small Businesses
    a. Types of Retirement Plans
    b. Qualified Business Income Deduction
    c. Tax Credits and Incentives
    d. Decision Tools

Speaker Biography
Les A Marti is an Enrolled Agent (EA) who has been in the tax planning and preparation business since 1987, forming his own business in 1997.  Les incorporated and renamed the business LesTax Ltd in 2015.
Les is also an income tax author and instructor, teaching other tax preparers how to minimize their clients’ tax burdens.  He began teaching tax seminars in 2005, and has taught thousands of preparers not only in Illinois, but from coast-to-coast as well.  
An Enrolled Agent (EA) is authorized by the U.S. Department of the Treasury to represent taxpayers before the IRS for audits, collections, and appeals. EAs advise, represent and prepare tax returns for individuals, partnerships, corporations, estates, trusts and any entities with tax-reporting requirements.