Chapter Licensing
The University of Illinois Tax School is now offering digital chapter licensing for the most recent two years of the Federal Tax Workbook – the “go to” tax reference used by tax professionals across the country. CE providers and accounting firms can now purchase one or two-year licenses for: training employees, live educational webinars, and development of self-study courses.
The Federal Tax Workbook
Major benefits of the Federal Tax Workbook
- Extensively researched and reviewed content that is heavily footnoted/cited
- Full of practitioner planning tips, with actional items for tax professionals
- Content is verified by stakeholders from across the country, with an eye towards instruction
License Individual Chapters
- Current year chapters available in October of that year. Previous year chapters are available immediately.
- Available in digital format (PDF)
- PowerPoint slides are included
- 1-year unlimited use, copyrighted license for each chapter – $1,000
- 2-year unlimited use, copyrighted license for each chapter – $1,500
Want to see more detail of what each chapter includes? Expand the below 2024 and 2025 Federal Tax Workbook accordians.
2025 Federal Tax Workbook Topics
One Big Beautiful Bill Act
- Temporary deduction for seniors
- Child tax credit
- Qualified tips deduction
- Qualified overtime deduction
- Trump accounts
- Extension of QBID
- Business meal deduction
- Many other individual and business provisions
New Developments
- Social Security Fairness Act
- Form 1099-DA
- Disaster relief
- IRS Notice 2025-23
- New legislation
- ERC FAQs
Individual Taxpayer Issues
- Schedule A items
- Tax implications of long-term care
- Theft losses related to Internet scams
- Retirees
Ethics and Due Diligence
- Review and examples of various aspects of Circular 230
Retirement Plans for Small Businesses
- Owner-only businesses
- Businesses with employees
- QBID
- Tax credits and incentives
IRS Update
- Business tax accounts
- Installment agreements
- Communication with IRS
- Alternative dispute resolution
S Corporation Formation and Basics
- Corporation requirements
- Ownership of subsidiaries
- Elections
- Shareholder basis
- Advantages/disadvantages of S corp
Rental Real Estate Activity Issues
- Residential real estate rentals
- Tangible property regulations
- SE tax on rental income
- At-risk rules
- PAL limits
- Reporting real estate rental activities
Various Specialized Trusts
- Revocable trusts
- Irrevocable trusts
Schedule E
- Rental real estate and royalties
- Loss limitations
- Qualified joint venture
- Schedule E vs. Schedule C
- Income or loss from partnerships and S corporations
Agricultural Issues and Rural Investments
- FSA planning and Farm Bill update
- Involuntary conversions
- Open transaction doctrine
- REAP grants
- Qualified conservation charitable contributions
- Corporate-provided meals and lodging update
Rulings and Cases
- Significant rulings and cases from August 2024 and beyond
2024 Federal Tax Workbook Topics
New Developments
- Final regulations for inherited retirement plans
- Digital assets
- Solar credits
- Rebates on energy-efficient property
- Selected new and modified forms in 2024
Individual Taxpayer Issues
- Reevaluating the net investment income tax
- Taxation of Lawsuit settlements
- Gift tax
- Applying for an ITIN
Small Business Issues
- Employee retention credit fallout
- Energy credits
- Employer-provided childcare credit
- Retirement update, include business plan provisions in the SECURE 2.0 Act
- Beneficial ownership information updates
- Form 7206
IRS Update
- Online accounts
- Offers in compromise
- IRS Information Returns Intake System (IRIS)
- Taxpayer Advocate Service introduction
- Resumption of issuing collection notices
- Managing CAF authorizations with Tax Pro Accounts
Form 1099 Issues for Various Taxpayers
- General Form 1099-K issues
- Crowdfunding
- Gambling activities
- Ticket resellers
- Student-athletes
- Research study participants
Partners Terminating Their Interest in a Partnership
- Methods of terminating a partner’s interest
- Negative IRC §704(b) partnership capital accounts
- Basis considerations
- Hot assets
- Reporting the termination of a partner’s interest
Installment Sales
- General rules for installment sales
- Electing out of the installment method
- Types of sales/exchanges
- Disposition of an installment obligation
- Depreciation recapture
- Sale of a business
- Repossession
- Self-canceling installment notes
Divorce
- Tax return issues
- Division of property
- Division of retirement assets
- Innocent spouse relief
- Injured spouse
- Legal fees and divorce
Planning for the Sunset of the TCJA
- Potential impact on individual tax returns
- Potential impact on business tax returns
- Potential impact on estate tax returns
- Permanent provisions
Agricultural Issues and Rural Investments
- Financial distress-related issues
- LLCs and self-employment tax
- Sustainable aviation fuel tax credit
- Tax issues with customer loyalty programs
- Informal partnerships
- Buy-sell agreements
- Options for retiring farmers (selected topics)
- Tax reporting of farm program payments
Rulings and Cases
- Significant rulings and cases from August 2023 through the present
Ethics
- Review and examples of various aspects of Circular 230
Partnership Terminations
- Basic concepts of partnership termination
- Types of partnership termination
- Capital account issues
- Tax considerations
- Preparing the final partnership tax return
Want to learn more about chapter licensing?
Fill out this form and check any of the chapters you are interested in. Someone from Tax School will follow up to answer your questions and process your order.
Note: All content is copyrighted by the University of Illinois and may not be edited.