October 23, 2025


Webcast


2 CPE Credits

Don Farmer's New Individual Items for 2025: Overtime, Tips, Cars & Seniors

October 23, 2025
Webcast
2 CPE Credits

Don Farmer's New Individual Items for 2025: Overtime, Tips, Cars & Seniors

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    Instructor

    Nick
    Preusch

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Learning Objectives

Analyze the new rules impacting overtime pay and their implications for individual taxpayers.
Interpret IRS guidance related to tips, including new reporting requirements and compliance obligations.
Apply changes in the taxation of employer-provided and personal vehicles for 2025.
Evaluate expanded provisions for seniors, including retirement-related benefits, credits and planning opportunities.
Identify compliance challenges and planning strategies for each of these new individual provisions.
Apply rules to client scenarios and practical examples and real-world applications to improve client outcomes under the 2025 rules.

Major Topics

Overtime Provisions: changes in taxation, reporting, and employer compliance; planning implications for employees.
Tips Reporting & Taxation: new reporting obligations, IRS compliance initiatives, and employer/employee responsibilities.
Cars & Transportation Benefits: treatment of company-provided vehicles, standard mileage rates, fringe benefit considerations, and personal-use rules for 2025.
Seniors & Retirement Planning: updated credits and deductions, expanded benefits for older taxpayers, retirement contribution adjustments, and planning opportunities.
Compliance Issues: documentation, IRS enforcement focus, and practitioner risk management.
Planning Opportunities: strategies to minimize tax liabilities and maximize benefits for individuals affected by these changes.

CPE Credits Available

2 CPE Credits
2
Taxes

Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Tax
  • Enrolled Agent - IRS Credit Eligible

Prerequisites

None

Advanced Preparation

None

Intended Audience

Tax professionals at any level.

Provider

Don Farmer Tax Education

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