Tax Season’s Not Over: Retroactive Tax Regs, Real-Time Decisions

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New CPE webinar with Bradley Burnett, this Thursday, April 2.

With Bradley Burnett
CPA Trendlines Academy

For 2025 return preparation and 2026 tax planning, there’s a whole lot more on the plate than usual. New legislation, some of it retroactive and some prospective, is a real game-changer.

NEW CPE WEBINAR with BRADLEY BURNETT
“Between the Deadlines”
Critical 2025 and 2026 Federal Tax Developments Every Tax Pro Must Know
with Bradley Burnett
Thurs, April 2, 1-4 pm ET
Register here | Learn more

Some of the new legislation retroactively applicable to the beginning of 2025 is not particularly well defined with reporting guidance. Many new elections are available. Other past elections may be newly undone.

What’s the result of all of this? A huge quandary of choices.

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K-1 Chaos: IRS Throws Rocks at Hornet’s Nest

Don’t get stung. Here’s how.
“It’s the taxpayer and preparer that get stung.”
By CPA Trendlines
CPA Trendlines Academy
Burnett

 

Bradley Burnett doesn’t start his 2025 Form 1065 program with a code section. He starts with a warning.

“Throwing rocks at a hornet’s nest,” says Burnett, JD, LLM, is what the IRS is doing to tax preparers. And then he delivers the line that drives the room quiet: “IRS has the bug spray, not us.”

2025 Forms 1065 and K-1s: IRS Throws Rocks at Hornet’s Nest with Bradley Burnett, J.D., LL.M
Full webinar on demand (any time, any device): Learn more | Buy now

The metaphor isn’t about audits. It’s about penalties. The practical risk of partnership returns has less to do with aggressive positions and more to do with incomplete disclosures, mismatched coding and mechanical errors. The danger is not interpretation. It’s the process.

“If the preparer does not do everything that IRS asks us to do,” Burnett warns, “it’s the taxpayer and preparer that get stung.”

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Does AI Belong in Tax Practice?

Burnett Says Maybe — If You Know the Rules.

By CPA Trendlines Research

Generative AI is no longer optional for tax professionals—but neither is skepticism.

Veteran tax attorney and educator Bradley Burnett is urging CPAs and tax professionals to engage with AI now, warning that delay carries its own risk. Don’t, he says, “get left behind at the train station,” he says.

LIVE WEBINAR: Is AI Fit for Tax? with Bradley Burnett, Mon, Dec. 29. Register | Learn more

Still, Burnett is unequivocal that AI must be handled carefully. He cautions that tools like ChatGPT amplify the user’s competence—or lack thereof. “ChatGPT in the hands of someone without proper experience and training is like handing a loaded gun to a monkey,” Burnett says, underscoring the professional liability risks of blind reliance. READ MORE →

Mid-Year Tax Update with Bradley Burnett

Mid-Year Tax Update
Colleague, what did you miss?

with Bradley Burnett, J.D., LL.M.

Thursday, June 15, 2023

8am PT, 9am MT, 10am CT, 11am ET
3 hours, 3 CPE, 3 IRS CE

REGISTER HERE

While you were taking tax season head-on and recovering from it, guess what happened? Over 500 court cases, 200 IRS IRB developments (including regs), 2,500 IRS rulings and other goodies came down.

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