May 2026 Tax Update and Planning Strategies MicroCast - 1 Hour CPEKey May Updates: Planning Strategies and Tax Insights Learning Objective: By taking this course the student will learn about the QOF Dead Zone, 180 day rule, and deferring 2026 gains into 2027 QOFs; the windfall profits tax and business child care liaison legislation proposals; repayment of mixed disability and SS benefits; excess Sec 121 gain as investment income; taxation of out of state pensions; clergy double tax benefits; charity legacy programs;

In addition

taxpayers may still lose basis and face additional taxable gain even when depreciation deductions were never actually claimed

not theory

Apply Foreign Travel Deduction Rules Correctly

providing continuing education for CPAs

but it does not extend the time to pay

Learn the tax rules for rental activities

Convert seasonal relationships into year-round value

911) for 2025

Start Tokenized Securities and learn how asset classification

NASBA CPA Field of Study:  Federal Taxation Publication Date: 3/21/2025  Instructional Delivery Method: Self-Study  Level:  Intermediate Prerequisites: None Advanced Preparation: No Advanced Preparation Required Author: Lee Reams

Tax and accounting professionals advising clients on vehicle purchases