IRS Penalties Are Changing — What 1099 CRNAs Need to Know Now | Ep. 11

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IRS Penalties Are Changing — What 1099 CRNAs Need to Know Now | Ep. 11

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About this listen

The U.S. House of Representatives just passed two important tax-related bills that could significantly impact 1099 CRNAs and self-employed anesthesia providers.

In this episode of Money Moves for CRNAs, we break down:

The FAIR Act, which changes how IRS penalties must be approved
New protections that prevent improper penalty pressure during audits
Major updates to the U.S. Tax Court that affect small business owners
How these changes may help CRNAs dispute IRS penalties more fairly
Why planning before an IRS issue matters more than reacting later

If you’re a CRNA operating as an independent contractor, these updates could affect how audits, penalties, and tax disputes are handled moving forward.

Chapters:

00:00 - Introduction
00:51 - New Tax Bills Affecting the IRS
02:11 - FAIR Act: IRS Penalty Review
02:31 - IRS Audits and Supervisor Approval
02:59 - Written Approval for IRS Penalties
03:09 - How the FAIR Act Protects Taxpayers
04:30 - Tax Court Improvement Act
05:01 - Subpoenas Before Tax Court Hearings
05:38 - Tax Court Deadline Extensions
06:47 - What 1099 CRNAs Should Do Now

Music licensed from PremiumBeat.com under License #7394047

#CRNATaxes #1099CRNA #IRSAudit #IRSpenalties #TaxCourt #SelfEmployedTaxes #MoneyMovesForCRNAs

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