Roger and Annie review how the 2024 tax filing season went, discussing improvements in IRS customer service metrics but also lingering issues like postal delays. They cover key post-filing topics like evaluating firm performance, addressing remaining extensions and IRS notices, and navigating complex new requirements like beneficial ownership reporting. They also provide updates on the Employee Retention Credit program amidst ongoing fraud concerns and talk about preparing for future tax policy changes after the election.

• (00:00) - Welcome to Federal Tax Updates
• (02:14) - Post-Tax Season Reflections: IRS Performance and Technological Improvements
• (08:22) - Evaluating the Tax Season: Metrics and Client Feedback
• (14:14) - Addressing Post-Tax Season Tasks and Planning Ahead
• (23:11) - Navigating New Developments: Beneficial Ownership Reporting
• (25:37) - Navigating the Complexities of Court Rulings and Association Memberships
• (27:12) - Congressional Attention on Implementation Issues
• (28:11) - Exploring the Details of Beneficial Ownership Reporting
• (29:01) - Challenges and Legalities for Tax Practitioners
• (32:59) - The Ongoing Struggle with ERC Claims Processing
• (33:53) - Fraud Prevention and the Importance of Accurate Record-Keeping
• (36:35) - Addressing the Surge in Fraudulent Claims and Ensuring Compliance
• (40:10) - Legislative Updates and Future Tax Policy Discussions
• (42:38) - Security Concerns and Protecting Client Data
• (47:18) - Wrapping Up: Post-Tax Season Reflections and Looking Ahead

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Roger Harris
Annie Schwab

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