This session will review the key changes (both statutory and administrative) to tax law for 2025 that impact individuals and small businesses.  The changes to the Form 1040 (back to two full pages), the new Schedule 1-A, and other tax form changes will be discussed.  Attention will be placed on the four new 2025 below-the-line deductions (Qualified Tips, Overtime, Auto Loan Interest, and Senior Exemption Deduction) and other 2025 extension and enhancement of TCJA provisions, including elimination of the energy credits previously created in IRA-22.  To provide information to taxpayers on upcoming changes, the provisions in OBBBA for 2026 will be covered.  Significant 2025 Court decisions and various IRS Notices and guidance will be reviewed.

Our Distinguished Speaker - 

Frank Degen, EA is a self-employed practitioner in Setauket (Long Island), New York. He has a Bachelors degree in mathematics from Iona University and a Masters degree from Johns Hopkins University. He became an Enrolled Agent in 1984.

Frank is a fellow of the National Tax Practice Institute. He is also a non-attorney admitted to practice in the United States Tax Court.

Frank served two terms as President of the National Association of Enrolled Agents (NAEA). His first term was during the 2005-2006 year; his second term was during the 2012-2013 year. He served as NAEA GRC Chair for 4 years (2006-2010). He also previously served two terms as a NAEA Director. He was a three-term president of the New York State Society of Enrolled Agents (NYSSEA) and was awarded the NYSSEA Founders Award in 1999. He is the only NAEA member to have received five NAEA Awards: the Excellence in Public Awareness Award (2001), the EA Mentor Award (2004), the prestigious Founders Award (2006), the Advocacy Award (2013) and the Excellence in Education Award (2018).

He has been quoted extensively in publications such as The Wall Street Journal, Business Week, US News and World Report, USA Today and Kiplingers. He has done many radio interviews for NAEA (including repeated interviews with Market Place Money on National Public Radio), is a four-time panelist on TaxTalkToday and has appeared on the NBC Nightly News.  He has testified on behalf of NAEA before the IRS Oversight Board, the Senate Finance Committee, and the House Ways & Means Oversight Sub-Committee.

He was chosen three times by Accounting Today for its “Top 100” list. He served a three-year term on the Internal Revenue Service Advisory Council (IRSAC) and was Chair in 2009. He has spoken on tax issues on the national, state, and local levels, including 22 NAEA Affiliates, and has given numerous presentations at the IRS Nationwide Tax Forum.