Episode 133: IRS Shutdowns, E‑Filing Mandates, and Refund Changes
Accounting and Accountability · Faw Casson CPAs
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Show Notes
In this episode:
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IRS electronic filing systems are closed until January 26, delaying returns and refunds.
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Some state tax forms won't be ready for filing until late February.
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IRS staffing shortages are causing longer response times across the board.
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Paper filing and paper checks are being phased out in favor of electronic methods.
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New deductions and credits under recent legislation may increase refund amounts.
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Employers must follow updated guidance when reporting 2025 overtime on W-2s.
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Identity theft during tax season is increasing; IRS Identity Protection PINs can help.
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New rules impact charitable donations of non-cash items and vehicle contributions.
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A proposed bill could increase the capital gains exclusion on home sales.
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E-filing and online payments are now required for many taxpayers and businesses.
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Extensions are common and often necessary when waiting on corrected or delayed tax documents.
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Form 1099 filing must be completed by January 31, with e-filing required if over 10 forms are issued.