TAX SEASON

Make Tax Season More Fun

By

four young happy office employees

Twelve ways it can be better.

By Ed Mendlowitz
Tax Season Opportunity Guide

Tax season presents exciting opportunities for accounting firms and their staffs. Every moment should be enjoyed and appreciated.

MORE by Ed Mendlowitz

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Following are 12 reasons:

1. Tax season is profitable and accounting is a business where we try to maximize our earnings. Sure, there is a great concentration of work in a short period with occasional pressure, but if handled properly, the work can be managed sensibly with tensions at reasonable levels. I also believe much of the pressure is self-induced by poor scheduling, inadequate quality control and the lack of uniform systems that are followed by everyone in the firm, particularly the partners.

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

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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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