Federal Tax Updates

Tax Season Kickoff

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Roger and Annie dive into the complex political dynamics shaping potential tax reform in 2025, breaking down the strategic implications of pursuing one comprehensive bill versus two separate pieces of legislation. They provide critical updates on the ever-changing BOI regulations, including recent court injunctions and what practitioners should do while awaiting final resolution. The episode concludes with practical advice for tax professionals preparing for the upcoming tax season, covering everything from research tools and client management to pricing strategies and work-life balance.

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  • (00:00) - Welcome to Federal Tax Updates
  • (01:27) - Weather Woes and Tax Season Kickoff
  • (02:09) - Political Landscape and Tax Legislation
  • (03:20) - Tax Cuts and Jobs Act Discussion
  • (06:38) - One Bill vs. Two Bills Debate
  • (13:47) - BOI Updates and Legal Battles
  • (24:48) - Employee Retention Credit Issues
  • (29:44) - Taxpayer Advocate's Annual Report Insights
  • (31:47) - Persistent IRS Issues and Proposed Solutions
  • (33:18) - Regulating Tax Preparers: A Growing Need
  • (37:21) - Preparing for the Upcoming Tax Season
  • (41:01) - Client Management and Workload Optimization
  • (45:21) - Research Tools and Online Resources
  • (55:10) - Conclusion and Upcoming Topics

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    Connect with the Roger and Annie on LinkedIn
    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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