IRS Tax Tip 2025-70 What Taxpayers Must Do Now

Get expert guidance now, call (678) 717-9818 or email [email protected] to secure your tax strategy for 2026. Message Steve directly on LinkedIn www.linkedin.com/in/steveperrybtm

Tax season 2026 is coming faster than most people realize, and the IRS is already warning taxpayers not to wait. IRS Tax Tip 2025-70 makes one thing clear: preparation is no longer optional. It is the difference between a smooth filing season and costly mistakes.

For individuals and businesses dealing with new deductions, credits, and reporting requirements, early action is critical. This is where the guidance of Steve Perry, EA becomes invaluable.

Tax Tip 2025-70 urges taxpayers to organize records now, understand recent tax law changes, and confirm they are ready to report income correctly before filing season begins. The IRS is signaling that enforcement and accuracy expectations are increasing, not decreasing.

If you are unsure how new rules affect you, now is the time to act. Waiting until filing season can limit your options and increase your exposure.

What IRS Tax Tip 2025-70 Means for Taxpayers

Tax Tip 2025-70 is part of the IRS Get Ready initiative. Its purpose is to push taxpayers to prepare early by reviewing income sources, tracking deductible expenses, and understanding how recent legislation impacts their return.

This guidance matters because 2025 introduced multiple changes that directly affect how income is reported and how deductions and credits are claimed. Many of these benefits require documentation that must be created and preserved throughout the year. If you miss that step, the opportunity may be gone.

Early preparation also reduces errors that can trigger IRS notices, delays, or audits. The IRS is making it clear that taxpayers are responsible for accuracy, even when income is reported by third parties.

If you want confidence instead of confusion, professional guidance now can prevent serious problems later.

Why Early Planning Is Urgent Right Now

Recent tax law changes have expanded deductions and credits, but they also increased reporting complexity. Income from tips, overtime, self employment, digital platforms, and certain credits all require careful handling.

Many taxpayers assume employers or payment platforms handle everything. That assumption is wrong. You are still responsible for what appears on your return.

This is exactly where people get into trouble. Missed income, incorrect reporting, or unsupported deductions can lead to IRS letters, penalties, and unnecessary stress.

If you want to avoid that scenario, call (678) 717-9818 or email [email protected] today to review your situation before filing season pressure begins.

Common Mistakes IRS Tax Tip 2025-70 Is Trying to Prevent

• Waiting until tax season to gather records
• Not tracking income sources that require special reporting
• Missing deductions due to poor documentation
• Assuming tax software will catch everything
• Ignoring early IRS guidance until it is too late

These mistakes are common, and they are costly. They are also avoidable with the right professional support.

How Books, Taxes & More Protects You

Preparation is not just about organization. It is about strategy.

Steve Perry, EA works with clients before filing season to identify risks, maximize deductions, and ensure income is reported correctly the first time. This proactive approach reduces audit risk, avoids IRS notices, and gives clients peace of mind.

With IRS Tax Tip 2025-70 setting expectations early, now is the moment to get ahead of the IRS instead of reacting to them later.

If your income, deductions, or credits have changed, or if you are unsure how new rules apply to you, reach out now.

Call (678) 717-9818 or email [email protected] to schedule a planning review
Message Steve directly on LinkedIn www.linkedin.com/in/steveperrybtm

What Steve Perry EA Can Do for You

• Review 2025 income and reporting requirements
• Identify deductions and credits you may qualify for
• Ensure documentation is created and preserved correctly
• Reduce the risk of IRS notices and penalties
• Build a clear plan before filing season pressure hits

This is not about last minute tax prep. This is about control, clarity, and confidence.

The IRS has warned taxpayers. The smart ones listen.

Take action now. Call (678) 717-9818 or contact Steve Perry, EA today and make sure IRS Tax Tip 2025-70 works in your favor, not against you.