IRS In Audio

Episode Title:  IRS Updates Energy Tax Credit FAQs: What You Need to Know Description:  The IRS has released updated Frequently Asked Questions (FAQs) for the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit. This episode breaks down the key changes from the previous guidance, helping you understand how these tax credits can benefit your home impr...

Episode Title:  IRS Clarifies Tax Rules for State Paid Family & Medical Leave Episode Description:  The IRS has released new guidance (Rev. Rul. 2025-4) clarifying the tax treatment of state-mandated paid family and medical leave programs. This episode breaks down what employers and employees in states like D.C. need to know about contributions, benefits, and reporting requirements....

Episode Title:  IRS Deadline Alert: Wage Statements & 1099s Due January 31st! Description:  Heads up, business owners! The IRS is reminding everyone that wage statements (W-2s) and certain information returns (like 1099-NECs) are due January 31st. Don't get hit with penalties! We break down what you need to file, how to file electronically, and what to do if you need an extension. Li...

Episode Title:  IRS Fast Tracks Tax Dispute Resolution with New Pilot Programs Description:  The IRS is making it easier to resolve tax disputes! Learn about the new Fast Track Settlement pilot programs designed to speed up and simplify Alternative Dispute Resolution (ADR). We break down the key changes, including issue-by-issue eligibility, clearer denial explanations, and a "last chanc...

Episode Title:  IRS Advisory Council Gets a Refresh: Meet the New Members for 2025 Description:  The IRS has announced 18 new members for its Advisory Council (IRSAC) for 2025! We break down who these individuals are, what the IRSAC does, and why it matters for taxpayers. From tax professionals to legal aid experts, this diverse group will provide crucial feedback to the IRS. Tune in to...

Title:  IRS Cracks Down on Tax Scams for 2025! Description:  The IRS and CASST are making big changes for the 2025 tax season to protect you from scams! We'll break down the new Fuel Tax Credit rules, increased scrutiny on "other withholding," and how to spot "ghost preparers." Don't get caught out - listen now! Show Notes: IRS & CASST:  The IRS and the Coalition of Scam and Sch...

Episode Title:  IRS Proposes New Rules for Corporate Separations & Reorganizations Episode Description:  The IRS and Treasury have released proposed regulations and a new draft form concerning corporate separations and reorganizations. This episode explains the key changes, who's affected, and what it all means for tax-free transactions. We'll also cover the new Form 7216 and how to...

Title:  IRS Extends Tax Deadlines for California Wildfire Victims Episode Description:  The IRS has announced tax relief for individuals and businesses affected by the recent wildfires and winds in Southern California. Learn about the extended deadlines, which now push various tax filings and payments to October 15, 2025. We'll cover who qualifies and what types of returns are impacted....

Episode Title:  SECURE 2.0: New Auto-Enrollment Rules for 401(k) and 403(b) Plans Description:  The Treasury and IRS have released proposed regulations for the SECURE 2.0 Act's new auto-enrollment requirements for 401(k) and 403(b) plans. This episode breaks down the key details, including which plans are affected, the required contribution percentages, and the proposed timeline for impl...

Title:  IRS Announces 2025 Tax Season Start Date & New Filing Tools Description:  The IRS has announced that the 2025 tax filing season will begin on January 27th, 2025. This episode covers key updates, including the expansion of the Direct File program to 25 states, the continued availability of the Free File program, and other improvements to IRS online tools and services. Learn ho...

Episode Title:  SECURE 2.0 Update: Roth Catch-Up Rules & More Description:  The IRS and Treasury have released proposed regulations for key SECURE 2.0 Act provisions, including the new Roth catch-up rule for higher earners and increased catch-up limits for certain older workers. We'll break down what you need to know in this short update. Show Notes: IRS and Treasury release proposed...

Episode Title:  IRS Tackles Partnership Basis Shifting Episode Description: New rules! IRS targets partnership basis shifting as "Transactions of Interest." Higher reporting thresholds, limited retroactivity. Quick update. Show Notes: IRS targets "basis shifting" as TOIs. Higher thresholds: $25M before '25, $10M after. Limited lookback: 6 years. Extended deadlines, PTP exceptions. Review your...

Episode Title:  IRS Tax Filing Deadline Extended for Carter Remembrance Show Notes: The IRS has granted taxpayers an extra day to file returns and pay taxes originally due January 9, 2025. The new deadline is Friday, January 10, 2025. This extension is in observance of the National Day of Mourning for former President James Earl Carter, Jr. The extension applies to all federal tax returns, pa...

Episode Title:  IRS Under Fire: Taxpayer Advocate Flags Major Issues in New Report Description:  The National Taxpayer Advocate's latest report is out, and it's a mixed bag. While some progress has been made at the IRS, significant problems persist with processing Employee Retention Credits and resolving identity theft cases. We break down the key findings, the funding debate, and what i...

Episode Title:  Free Tax Filing Opens Friday with IRS Free File Description:  Tax season is almost here! Learn how millions can file their taxes for FREE using IRS Free File starting this Friday, January 10th. We’ll break down eligibility, how to access it, and why it’s a valuable resource. Visit IRS.gov to get started. Show Notes: IRS Free File opens January 10th, 2025, offering free ta...

Episode Title:  IRS Tax Deadline Reminder: Your Last Chance to Pay 2024 Estimated Taxes! Podcast Intro Music Host:  Hey everyone, and welcome to [Podcast Name]! Today we have a quick but crucial reminder from the IRS: January 15th is the deadline for your final 2024 quarterly estimated tax payment. If you're self-employed, an independent contractor, or have income not subject to withhold...

Episode Title:  IRS Tax Deadline Reminder: Disaster Area Extensions Episode Description:  The IRS is reminding taxpayers in disaster-affected areas that their 2023 tax returns are due soon! Depending on your location, the deadline is either February 3rd or May 1st, 2025. Listen to find out if you're affected and what you need to know. Plus, a note about special relief for taxpayers in Is...

Episode Title:  IRS Proposes Major Rules Update for Tax Pros: Circular 230 Changes Description:  The IRS and Treasury Department are proposing significant updates to Circular 230, which governs tax professionals who practice before the IRS. Learn about key changes including tech competency and more. Show Notes: IRS & Treasury propose updates to Circular 230 for tax practitioners. Upd...

Episode Title:  IRS Sending Automatic Stimulus Payments! Do You Qualify? Description:  The IRS is sending out automatic payments to eligible taxpayers who missed claiming the 2021 Recovery Rebate Credit! Find out if you're getting a payment and what to do if you haven't filed your 2021 taxes. Show Notes: IRS sending automatic payments to 1 million taxpayers for unclaimed 2021 Recovery Re...

Episode Title:  IRS Seeks Feedback on Research Credit Form: Have Your Say! Description:  The IRS has released draft instructions for Form 6765, the Credit for Increasing Research Activities, and they want your input! Learn about the key changes and how to submit feedback to influence the final version. Show Notes: IRS seeks feedback on draft instructions for Form 6765 (Research Credit)....

Episode Title:  IRS Mileage Rate Increase for 2025: Business Owners Take Note! Description:  The IRS is bumping up the standard mileage rate for business use in 2025! We break down the key changes and what they mean for you. Learn how this could affect your tax deductions and whether you should be tracking your mileage more closely. Show Notes: IRS increases business mileage rate to 70 c...

Episode Title:  Tax Season Prep: Key Updates & Tips for 2025 Filing Episode Description: The 2025 tax season is just around the corner! Are you ready? This episode breaks down key updates from the IRS, including new rules for IP PINs, 1099-K reporting changes, and what you need to know about digital asset taxes. We’ll also cover crucial steps you can take NOW to streamline your filing pro...

Episode Title: Billions Recovered: IRS Fights Tax Crimes, Introduces New Business Online Account Tools Episode Date: December 12, 2024 Episode Summary: In this episode, we explore the IRS’s latest strategic progress report, highlighting how they’ve recovered $4.7 billion through new compliance and enforcement initiatives. Tune in for updates on the agency’s intensified focus on criminal cases tied...

Episode Title: Year-End Reminder: New RMD Age Requirements and SECURE 2.0 Updates Episode Date: December 10, 2024 Episode Summary: In this episode, we break down the latest IRS announcements regarding Required Minimum Distributions (RMDs) from retirement accounts. With the passing of the SECURE 2.0 Act, the age to begin taking RMDs has changed, and certain Roth accounts receive new treatment. We’l...