While You Were Filing: IRS Guidance You Missed.

2 IRS CE/CTEC/NASBA CPE*

The Treasury Department has issued many Proposed Regulations since the enactment of OBBBA. However, none have gone final and some are still open for comments.
We will go into a quick review of the recent Proposed Regulations issued by the Treasury regarding the OBBBA provisions. This includes No Tax on Car Loan Interest, Trump Accounts, No Tax on Tips, and No Tax on Overtime.

Spoiler alert: The Proposed Regulations to the Trump Accounts do not resolve any of our unanswered questions such as the Gift Tax return issue for the $5K contributions.
This may be one of the many Technical Corrections to OBBBA.

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*Self-Study recording not available for NASBA CPE credit.

IRS Program #: 7Q3WU-T-00897-26
CTEC Course #: 6248-CE-00243