Federal Tax Updates

Tax Season 2025: Changes, Challenges, and Uncertainties

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Annie and Roger discuss crucial tax updates as 2024 draws to a close, including the recent injunction against beneficial ownership reporting requirements, the evolving landscape of ERC claims processing, and changes to the clean vehicle credit program. They examine how the recent election results might impact tax policy, particularly regarding the Tax Cuts and Jobs Act provisions set to expire. They also provide practical guidance for tax practitioners preparing for the 2025 filing season, addressing important changes to 1099-K reporting thresholds and IP PIN requirements.


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  • (00:00) - Federal Tax Updates Episode 44
  • (02:19) - 2025 Tax Season Preparation
  • (04:56) - Tax Rates and Deductions for 2024
  • (09:01) - Business Tax Considerations
  • (11:24) - Post-Election Tax Policy Changes
  • (17:00) - IRS Updates and New Policies
  • (20:36) - 1099-K Reporting Changes
  • (24:19) - Clean Vehicle Credit
  • (26:30) - Understanding the Dealer Credit Loophole
  • (27:23) - Navigating EV Tax Credits
  • (30:49) - IRS Processing and Challenges
  • (36:23) - Potential Changes in IRS Leadership
  • (43:05) - Beneficial Ownership Reporting Injunction
  • (49:00) - Conclusion and Final Thoughts

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    https://www.linkedin.com/in/rogerharrispbs/
    https://www.linkedin.com/in/annie-schwab-852418261/

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    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
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