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Tax Professionals Must Read the New IRS Tax Time Guide for 2025
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Subscribe20 FEB 2025 / BUSINESS
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The IRS has released its Tax Time Guide 2025, outlining intricate changes and compliance complexities for the upcoming tax season. Struggles facing tax professionals include IRS layoffs, changes in reporting, increased scrutiny, plus a confusing 'Fork in the Road' employee deferment program, while on the taxpayer side, surprises include adjustment of income thresholds, confusion around 1099-K reporting, and disaster-relief eligibility.
If last year’s tax season felt like a whirlwind, 2025 is gearing up to be an even bigger test for tax professionals. The IRS has officially released its Tax Time Guide 2025, offering crucial updates for tax professionals navigating an increasingly complex...
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