Journal of Accountancy Podcast ‘We’re still the thinkers’ — a reminder for tax pros in the AI era
Sep 18, 2025
In this insightful discussion, Annette Nellen, Esq., CPA, CGMA, a university tax professor and IRS Advisory Council member, tackles the complexities of H.R. 1 and the overwhelming misinformation in tax today. She emphasizes that despite the rise of AI tools, tax professionals must remain critical thinkers in their analysis. Nellen highlights permanent and new tax provisions, the importance of accurate guidance, and shares compelling court cases she's monitoring. Additionally, she discusses the significance of the upcoming National Tax Conference for practitioners.
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OBBA's Broad, Staggered Impact
- H.R. 1 (P.L. 119-21) contains over 100 tax provisions that will reshape planning for individuals and businesses.
- Many provisions take effect in 2025–2026 and require IRS guidance to apply correctly.
Revisit Individual Planning Now
- Review which formerly temporary individual provisions are now permanent to adjust entity and sale planning decisions.
- Expect the IRS to issue guidance and prepare for 2025 returns that may need clarified interpretation.
Check Eligibility For New Deductions
- Analyze new individual deductions carefully because many have phaseouts and are from AGI without itemizing.
- Don't assume eligibility—confirm tip, overtime, domestic car loan interest, and senior deductions before advising clients.