GET RELIEF FROM TAX DEBT
Some Things in Life Are Stressful Enough
Resolving Tax Debt Doesn't Need to be One of Them
Yours truly, Rachel Carlsen
NEW 2025 Digital Asset Reporting Rules
- IRS finalized new crypto reporting rules (Form 1099-DA).
- Crypto-to-crypto trades and NFT gains are now reportable and taxable.
- Clients must be advised to track basis and report foreign-held digital assets on Form 8938.
Other Key Changes
Retirement Plan Changes (SECURE 2.0 Phase-In)
- Starting January 1, 2025, catch-up contributions for individuals earning $145,000+ must be made on a Roth basis.
- Automatic enrollment is now mandatory for most new 401(k) plans.
IRS Interest Rates
- As of Q3 2025, IRS interest rates remain at:
- 8% for underpayments (individuals and most corporations)
- 10% for large corporate underpayments
Rachel Carlsen, CPA
