Episode Details
Back to Episodes2025 filing season: What clients are getting wrong (and how to respond)
Description
Filing season is here — and so is confusion. In this episode, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, is joined by Mark Gallegos, CPA, MST, Partner — Porte Brown, to break down the most common questions around the new H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA) provisions, from Trump accounts to the senior deduction as well as discussion around electronic payments and refunds. Practical guidance is here to help you cut through the noise and get it right.
What you'll learn from this episode:
- How new Trump accounts are prompting new client questions while key issues remain unresolve
- How to clear up confusion around the senior deduction and social security taxation
- What additional information may be needed from clients for the new deductions for tips, overtime and auto loan interest
- Why practitioners might need to ask more questions related to energy credit expenditures
- That managing client misinformation and expectations is a core busy-season skill, especially as guidance continues to evolve.
AICPA resources
FAQs on qualified tip and overtime deductions
IRS Payment Modernization: Sending and Receiving Funds Electronically
Trump accounts under Sec. 530A — FAQs and insights
Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of ta