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Higher threshold for Form 1099-K reporting among AICPA priorities ... AICPA emphasizes importance of a modern IRS in statement ... Phish, smish, and spear phish: IRS releases 2025’s Dirty Dozen

June 1, 2025

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Higher threshold for Form 1099-K reporting among AICPA priorities

In a letter to congressional finance leaders, the AICPA listed increasing the reporting threshold to $10,000 as one of its priorities.

AICPA emphasizes importance of a modern IRS in statement

CEO Mark Koziel, CPA, CGMA, said the AICPA is discussing the state of the IRS with agency officials in the wake of layoffs. “A modern, functioning IRS is essential for Americans to meet their tax obligations,” he said.

Phish, smish, and spear phish: IRS releases 2025’s Dirty Dozen

The annual list, which began in 2002, lists 12 ways scammers try to gain confidential information from tax professionals or trick taxpayers.

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Preparing clients for new provisions next tax season

As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.