40% Through: Filing Season Updates & Legislative Chaos
Roger and Annie check in at the 40% mark of filing season, covering a flurry of legislative activity — from a bipartisan Senate bill that would finally create minimum standards for tax preparers, to new crypto regulatory frameworks and the surprisingly complex mess around car loan interest deductions. They also break down what the IRS CEO told Congress this week, including some filing season stats that are better than expected, and some quality concerns that aren't.
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Links mentioned in this episode
Chapters
twitter.com/FedTaxPod
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Roger Harris
Annie Schwab
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This podcast is a production of Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Links mentioned in this episode
Chapters
- (00:00) - Tax Season Check In
- (02:38) - Bipartisan IRS Service Bill
- (03:48) - Modernizing IRS Tech
- (08:07) - Tax Preparer Standards
- (12:17) - OBBBA 2.0 Talk
- (16:19) - Healthcare Proposals
- (17:48) - Crypto Regulation Bills
- (21:45) - Bills That Passed
- (24:47) - Scams and Security Focus
- (28:33) - Filing Season Updates
- (29:03) - IRS Service Struggles
- (30:26) - Union Morale Fallout
- (32:25) - Notices and Forms Update
- (34:28) - CEO Hearing Highlights
- (37:13) - Audits and Tax Gap
- (39:19) - New Deductions Growing Pains
- (40:51) - Car Loan Interest Confusion
- (48:03) - ERC and Other Fraud Lessons
- (50:32) - Tariffs and Refund Questions
- (52:17) - AI Tax Prep Threat
- (54:04) - Wrap Up and Sign Off
twitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab
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 Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
