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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WEBINAR: IRS Tightens Crypto Reporting as 1099-DA Comes Online

New IRS Form 1099-DA raises the stakes for compliance—and tax professionals are racing to prepare. 

By Center for Accounting Transformation

Cryptocurrency has evolved from a niche curiosity to a mainstream economic force — and U.S. tax authorities are finally catching up. 

As digital assets, such as Bitcoin, Ethereum, NFTs, and stablecoins, become common investment choices for individuals and businesses alike, the IRS has quietly but significantly overhauled how crypto income must be reported and taxed. However, despite these changes, many taxpayers still fail to comply, and tax professionals are scrambling to keep up. 

WEBINAR: Nuts & Bolts of Cryptocurrency Taxation & 1099-DAs | Jan. 27 |1 p.m. ET | 2 CPE

That’s the backdrop for “Nuts & Bolts of Cryptocurrency Taxation & 1099-DAs,” a live 2-hour webinar scheduled for Jan. 27, which will provide accountants and tax advisors with a practical roadmap to navigate this rapidly evolving terrain.  READ MORE →

Advisory Opportunities Expand as FICA Tip Credit Rules Shift

Advisory Revenue Strategies: Navigating the New FICA Tip Credit Landscape with Jody Padar – Register | Learn more

Webinar with Jody Padar, Jan. 16 – Register | Learn more

By CPA Trendlines

A major shift in the federal FICA Tip Credit framework is opening new advisory revenue opportunities for accounting firms, as lawmakers and regulators move to redefine who qualifies for the long-standing payroll tax incentive.

CPE Webinar: “Advisory Revenue Strategies: Navigating the New FICA Tip Credit Landscape.” With Jody Padar. Jan. 16, Noon ET. 1 CPE. $49.50. Register | Learn more

Those changes will be the focus of a Jan. 16 webinar led by Jody Padar, CPA, titled “Advisory Revenue Strategies: Navigating the New FICA Tip Credit Landscape.” The one-hour session runs from 12 p.m. to 1 p.m. ET.

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