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Story summary
- As tax season approaches, many expect larger refunds and file early, but experts warn to ensure all forms are complete to avoid delays or penalties.
- Common forms include W-2s and 1099s that report income and transactions.
- A 27% IRS workforce reduction may create challenges this season.
- New deductions for tip or overtime income may not be reported by employers, requiring self-calculation.
- Filers will encounter Form 1099-DA for digital asset transactions.
