Roger and Annie run through the year-end housekeeping to finish before tax season 2027, from renewing PTINs and updating your WISP to the retirement of the IRS FIRE system and the new $2,000 threshold for 1099-NEC and 1099-MISC. They also cover the planning conversations to have with clients before December 31, including bunching deductions, Trump accounts, and timing equipment purchases. Recorded the day after the midterms, the episode closes with what Democratic control of Congress means for the lame duck session, the TAS Act, and the expiring provisions of the One Big Beautiful Bill Act.


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Links mentioned in this episode

Chapters

• (00:00) - Podcast Kickoff
• (00:20) - Post Midterm Catchup
• (01:18) - Tax Season Never Ends
• (02:45) - PTIN Renewal Checklist
• (03:09) - WISP And Cybersecurity
• (04:30) - EFIN And Insurance Prep
• (07:15) - IRS Online Accounts Push
• (09:18) - Staffing Pricing Tech Plans
• (10:56) - AI Policies And Engagements
• (13:08) - Payroll Filing Changes IRIS
• (14:28) - 1099 W2 And Withholding Tips
• (18:08) - Reasonable Comp Returns
• (20:45) - Client Outreach And Referrals
• (23:35) - Year End Planning Moves
• (28:20) - Review Brokerage Activity
• (29:27) - Fees Trading And AI Value
• (30:25) - RMDs 529s And FSAs
• (32:44) - Business Equipment Deductions
• (35:13) - Accounting Methods And QBI
• (37:37) - Client Touchpoints And Staffing
• (38:56) - Election Results And Lame Duck
• (45:02) - Tax Policy Under Divided Government
• (52:51) - Wrap Up And Holiday Wishes

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Roger Harris
Annie Schwab

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