40% Through: Filing Season Updates & Legislative Chaos
About this episode
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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Chapters
- (00:00) - Tax Season Check In
- (02:23) - Bipartisan IRS Service Bill
- (03:33) - Modernizing IRS Tech
- (07:52) - Tax Preparer Standards
- (12:02) - OBBBA 2.0 Talk
- (16:04) - Healthcare Proposals
- (17:33) - Crypto Regulation Bills
- (21:30) - Bills That Passed
- (23:45) - Scams and Security Focus
- (27:31) - Filing Season Updates
- (28:01) - IRS Service Struggles
- (29:24) - Union Morale Fallout
- (31:23) - Notices and Forms Update
- (33:26) - CEO Hearing Highlights
- (36:11) - Audits and Tax Gap
- (38:17) - New Deductions Growing Pains
- (39:49) - Car Loan Interest Confusion
- (47:01) - ERC and Other Fraud Lessons
- (49:30) - Tariffs and Refund Questions
- (51:15) - AI Tax Prep Threat
- (53:02) - Wrap Up and Sign Off
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Annie Schwab
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