Federal Tax Updates

Tax Season 2025: Changes, Challenges, and Uncertainties


Listen Later

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.


Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips


  • (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

  • Get NASBA Approved CPE or IRS Approved CE
    Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

    Connect with the Roger and Annie on LinkedIn
    https://www.linkedin.com/in/rogerharrispbs/
    https://www.linkedin.com/in/annie-schwab-852418261/

    Review
    Leave a review on Apple Podcasts or Podchaser

    Subscribe
    Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

    This podcast is a production of the Earmark Media

    ...more
    View all episodesView all episodes
    Download on the App Store

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

    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    32 ratings


    More shows like Federal Tax Updates

    View all
    WSJ Your Money Briefing by The Wall Street Journal

    WSJ Your Money Briefing

    1,701 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    795 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    586 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    180 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    419 Listeners

    Talking Tax by Bloomberg Tax

    Talking Tax

    111 Listeners

    NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

    NerdWallet's Smart Money Podcast

    834 Listeners

    Tax Notes Talk by Tax Notes

    Tax Notes Talk

    90 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    337 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    249 Listeners

    The Long View by Morningstar

    The Long View

    893 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    803 Listeners

    The Long Term Investor by Peter Lazaroff

    The Long Term Investor

    137 Listeners

    On Investing by Charles Schwab

    On Investing

    306 Listeners

    Tax in Action: Practical Strategies for Tax Pros by Jeremy Wells, EA, CPA

    Tax in Action: Practical Strategies for Tax Pros

    9 Listeners