Ed Karl’s Tax Reform Carnival Update #012
Simply Tax
English - February 06, 2018 17:00 - 25 minutes - 35.7 MB - ★★★★★ - 179 ratingsBusiness simplytax tax taxplanning taxpodcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Guest Ed Karl—VP of taxation at the AICPA—has joined Simply Tax for several episodes, sharing his highly sought insight during the enactment of the Tax Cuts and Jobs Act (TCJA). Now Ed’s back in the fourth episode of our TCJA series, covering what’s next for the new tax law, the expected timeline and process for guidance and more.
Here’s what you’ll find in our latest episode:
Top areas where guidance is needed @ 1:14 Technical correction explained @ 3:09 Expected timeline and process for guidance @ 8:24 Advice on how to approach tax change @ 12:59 How the AICPA is managing its response @ 15:16 Resources at the IRS @ 17:35 IRS reform @ 19:42 Key takeaways @ 21:29 Guidance on Form W-4 and withholding on supplemental wages @ 22:41BIO FOR GUEST
Edward Karl, CPA, is the vice president of taxation at the AICPA. He’s responsible for the review, formulation, and submission of technical and policy recommendations for improvement of the federal tax process to Congress, the Treasury Department and the IRS. Mr. Karl also serves as a principal liaison for the AICPA with the IRS and is responsible for tax ethical issues, which includes the management of the AICPA’s Statements on Standards for Tax Services. Finally, Mr. Karl oversees the tax division’s delivery of services to members, focusing on helping AICPA members provide the highest quality professional tax services.
ADDITIONAL RESOURCES
Request for Immediate Guidance Regarding Pub. L. No. 115-97 – A letter from AICPA to the U.S. Treasury and IRS, dated January 29, 2018
IRS Notice 2018-14 – Guidance on withholding rules