2025 Was A Lightning Strike. Now It’s Tax Time

Neither the IRS nor the tax software company will be processing 2025 returns before mid-January, but that’s only TWO WEEKS away, and they will go by in the blink of an eye. IRS guidelines say reporting documents should be out by the end of January. Once all the documents are in, we can start prep and filing.

COVID is over. The IRS has been tRumpified, utterly destroyed, what’s left has been beaten down, and is performing poorly. I haven’t had to call, but colleagues report it’s impossible to find anyone who can answer their questions, and waits are very long. Perhaps the new management, with no IRS experience, will fix that, but I certainly wouldn’t hold my breath. It’s the same guy who recently led the SSA, and we know how well that’s working. It’s likely to be a very rough season. Add to that new systems that haven’t been run through a season and will undoubtedly be loaded with impediments to progress. Hopefully, the season will run smoothly, but be prepared for the worst and pleasantly surprised by the best.