The beginning of February is almost like the first week of school or the new year for me. Taxpayers start receiving their documents and my phone starts ringing with questions about what documents are needed and when can we meet. My shelf will start to fill with work to be completed and staff will begin to have questions about what exactly to do with this information clients have sent in. Anticipation starts to build and I make lists, on paper, in my head, and on the computer to prepare for the inevitable onslaught that will be coming in the next 10 weeks or so.
Some of those rules are set to return in 2025, others are gone for good… or until Congress changes their mind. Continue reading