Reflecting on the 2023 Tax Season and Planning for 2024 & Beyond

Annie and Roger reflect on the 2023 tax season and suggest some ways firms and their teams can start making changes for the 2024 tax season. They also dive into some upcoming federal tax issues that tax professionals and their clients will face throughout the next year.SponsorsPadgett -  Contact Padgett or Email Jeff PhillipsGet NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links Mentioned in This EpisodeChapters(00:00) - FTU E8 (01:01) - Annies opinions on Tax Sesason (07:30) - How did the IRS do this year? (19:16) - What is the difference between a IRS letter and a Audit? (23:36) - If the chance of gettting audited is less than 1% does this encourage non-compliance for the general public? (31:55) - Updates on the Corporate Transparency Act of 2020 (37:21) - Upcoming potential changes to the Tax Cuts and Jobs Act Follow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpodConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.