Talking Tax
344 episodes - English - Latest episode: 7 days ago - ★★★★ - 96 ratingsTalking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.
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Episodes
Trust Tax Questions Remain After High Court Ruling
July 25, 2019 20:26 - 14 minutesThe Supreme Court in June threw out North Carolina’s taxation of a family trust’s income because the trust didn’t have enough of a connection to the state. The decision, in the case of the Kimberley Rice Kaestner 1992 Family Trust, didn’t give trust and estate attorneys as much instruction as many wanted with respect to state taxation of trusts. Justice Sonia Sotomayor’s opinion was narrowly drawn. But lawyers still can draw some guidance from it as they advise wealthy clients how, and where,...
China Refuses US Audit Inspections. Why it matters
July 18, 2019 20:15 - 18 minutesEffective auditing of companies' financial statements is important for investor confidence, but Chinese companies traded in the U.S. don't get U.S. oversight of their audits as other companies do. And that could be a risk for investors. The Public Company Accounting Oversight Board, the U.S. audit regulator created to restore confidence in financial reporting after accounting scandals of the early 2000s, isn't allowed to inspect the work of China-based accountants. That lack of access is a co...
SALT Cap Workarounds: States Try Pass-Through Taxes
July 11, 2019 20:09 - 9 minutesWhen Congress put a $10,000 cap on the amount of state and local taxes individuals can deduct from their federal income taxes, high-tax states tried to fight for their residents in a couple of different ways. One way—charitable funds that earned people state tax credits for donations—got shot down by the IRS. But states have tried another kind of workaround. Because the deduction cap applies only to individuals, not to businesses, some states have instituted new taxes on pass-through business...
IRS Top Attorney Names Priorities Post-2017 Tax Law
June 27, 2019 20:45 - 33 minutesMichael Desmond became the Internal Revenue Service’s chief counsel earlier this year as the agency was well into implementing the complex 2017 tax code overhaul. In a wide-ranging conversation with senior editor Colleen Murphy June 27 at the Bloomberg Tax Leadership Forum in New York, Desmond expressed encouragement at the hiring of “energized attorneys” to implement the law. He recommended that companies pay attention to interrelationships among various provisions, especially in the interna...
Buying Online? ‘Wayfair’ Tax Is Straining E-Commerce
June 20, 2019 19:38 - 15 minutesThe U.S. Supreme Court’s 2018 South Dakota v. Wayfair decision upended a 26-year precedent that limited a state’s authority to tax goods being sold across state lines. A year later, states have amended their laws to target remote sellers and online sales platforms like Amazon.com Inc. Bloomberg Tax reporter Ryan Prete spoke with Diane Yetter, founder of the Sales Tax Institute and president of consulting firm Yetter Tax, to discuss the ruling’s legacy so far and possible future legal issues. ...
C Corp Conversation: Companies Vet 2017 Tax Law Options
June 13, 2019 20:43 - 14 minutesThe 2017 tax law lowered the corporate tax rate to 21%. That has some companies taking a look at their corporate structure and asking: Is a C corp better? "We have the conversation a lot," said Elizabeth Stieff, a tax attorney with Venable LLC in Baltimore. Stieff said clients see this great 21% tax rate and they want to take advantage of it. But, as she explained to Bloomberg Tax's Amanda Iacone, it's only a great opportunity for specific businesses in specific circumstances. Listen and sub...
Global Tax Revamp Focuses on Getting Consensus by 2020
June 06, 2019 20:17 - 15 minutesThe OECD released a blueprint for how to rewrite global tax rules. The group hopes to get international consensus around proposals to set a global minimum tax and reallocate more of companies’ taxable profits to countries where their consumers are located. The Organization for Economic Cooperation and Development wants to get 129 countries to agree to the plan by 2020. Martin Kreienbaum, director general of international taxation at Germany’s finance ministry, spoke with Bloomberg Tax reporte...
Growing U.S. Gig Workforce Exposes Outdated Tax System
May 30, 2019 21:45 - 18 minutesAmerican workers are cashing in on their side hustle, picking up small jobs through Task Rabbit, driving for Lyft, or selling jewelry on Etsy. But they owe taxes on that work. And many of these self-employed workers are under-reporting their income to the IRS. It’s contributing to an estimated $450 billion tax gap. Annette Nellen, who directs the graduate tax program at San Jose State University, spoke with Bloomberg Tax reporter Amanda Iacone about how the gig economy is changing the tax lan...
Retailers Can’t Hide China Tariff Costs in Supply Chain
May 23, 2019 19:13 - 15 minutesThe retail industry is grappling with a new set of tariffs on about $200 billion of goods coming in from China. David French, senior vice president of government relations for the National Retail Federation, said the tariffs first costs businesses and then hit consumers. French spoke with Bloomberg Tax reporter Siri Bulusu about how businesses are preparing to absorb some of those costs into various points of their supply chain, and how the costs are eroding the benefits the retail sector gai...
Why India’s Digital Tax Is a Sign of the Times
May 16, 2019 22:58 - 12 minutesAs countries across the globe debate whether to tax digital transactions, companies and their tax planners need to be prepared for a shifting tax landscape and a more transparent marketplace. India was among the first to adopt a digital tax and France is currently debating a similar move. Mansi Seth, a tax lawyer with Dechert LLP, calls it a new era for business taxes. Seth recently spoke with Bloomberg Tax reporter Amanda Iacone about the significance of India’s tax on online advertisi...
How a Tax Perk Can Turn a Paper Mill Into a Fish Farm
May 09, 2019 21:03 - 22 minutesPlace-based tax incentives, like the opportunity zones program or new markets tax credit, have the potential to correct economic disparity between thriving cities and communities hungry for capital investment. The Opportunity Zones tax break under tax code Section 1400Z has attracted avid interest from investors since its creation in the 2017 tax overhaul. John Lettieri, president and CEO of the Economic Innovation Group, a Washington-based think tank behind the opportunity zones program, tal...
The Evolution of the Audit Industry, and What’s Next
May 02, 2019 21:47 - 16 minutesIt is a shared responsibility, said Cindy Fornelli, executive director of the Center for Audit Quality—the advocacy group stood up in the years after the 2002 Sarbanes-Oxley Act. The law regulated the audit profession and was intended to restore trust in financial statements after the Enron and WorldCom accounting scandals. Fornelli will retire this month after 12 years of working to build consensus among audit committees, regulators and auditors and preaching best practices. She spoke with r...
Public Coordination Key to Opportunity Zones Success
April 26, 2019 13:58 - 13 minutesOpportunity zone investors should focus on working with state and local governments if they want to make the most of a new capital gains tax break. The break, under tax code Section 1400Z, has attracted avid interest from investors since its creation in the 2017 tax overhaul. In the latest episode of Talking Tax, Margaret Anadu, the head of Goldman Sachs’s Urban Investment Group, talks with Siri Bulusu about opportunity zones, her childhood in Lagos, Nigeria, and how Goldman Sachs’s 19-year i...
The Statute Behind Neal’s Request for Trump Tax Returns
April 19, 2019 14:36 - 5 minutesWhen House Ways and Means Committee Chairman Richard Neal (D-Mass.) asked for six years of President Donald Trump’s tax returns, he relied on a provision in the tax code. Tax code Section 6103 says that the chairman of Ways and Means, the chairman of the Senate Finance Committee, and the chief of staff of the Joint Committee on Taxation can seek tax returns. Stuart Gibson, a former tax litigator with the Department of Justice and now deputy editorial director of international tax at Bloomberg...
Infrastructure Push in Congress Gets Mnuchin Boost
March 18, 2019 21:01 - 8 minutesImproving the country’s infrastructure system is just one of the possible places where Treasury Secretary Steven Mnuchin could align with congressional Democrats. An infrastructure plan is a priority in Congress, though there isn’t agreement on funding a package. Mnuchin appeared before the House Ways and Means Committee and the Senate Finance Committee on March 14. Bloomberg Tax’s Kaustuv Basu and host Amanda Iacone talk about what to take away from the hearings, and what to watch for in the...
Mnuchin Testimony Before Tax Writers Nears
March 11, 2019 20:54 - 8 minutesTreasury Secretary Steven Mnuchin will make his first appearance before the Democratic-led House Ways and Means Committee on March 14 to talk about the administration’s fiscal year 2020 budget. Mnuchin will also appear before the Senate Finance panel the same day. A Ways and Means subcommittee will discuss temporary tax breaks at a hearing March 12. And while the tax-writing committees stay busy, chatter continues about the request for President Donald Trump's tax return. Bloomberg Tax’s Kaus...
Tax Writers Begin to Chart Course in New Congress
January 15, 2019 19:40 - 5 minutesCongressional steering committees have tapped lawmakers to join the tax-writing panels in the House and Senate, and those new additions are starting to set priorities. Bloomberg Tax’s Lydia O’Neal and Kaustuv Basu join host Amanda Iacone to discuss the news in Congress while negotiations to end the partial government shutdown have stalled. New Senate Finance Committee Chairman Chuck Grassley (R-Iowa) has announced his intent to look into what authority he has to access President Donald Trum...
The Over/Under: Sports Betting in 2019
January 11, 2019 22:25 - 10 minutesIn the third and final episode of The Over/Under, Richard Auxier of the Tax Policy Center gives Bloomberg Tax’s Ryan Prete a 2019 outlook. Next, Ryan discusses a newly released federal sports betting framework. Ryan then takes a look at betting totals from 2018 and gets a 2019 sports betting prediction from Ted Leonsis, owner of the NBA’s Washington Wizards and Stanley Cup Champion Washington Capitals. Host: Ryan Prete. Producer: Nicholas Anzalotta-Kynoch.
Fine Tuning an Estate Plan After Death (Part 1)
January 09, 2019 21:20 - 18 minutesMarc Bekerman joins Andrea L. Ben-Yosef in a two-part podcast about post-mortem estate planning. Marc is a solo practitioner in Long Island, New York, and an adjunct professor of law at New York Law School where he formerly served as the Associate Director of its Graduate Tax Program. Marc is also a member of the Estates Gifts and Trusts Advisory Board for Bloomberg BNA. It may be surprising to know that the death of a person does not end the ability to refine their estate plan. Marc discu...
IRS Readies Updated Shutdown Staffing Plan
January 07, 2019 21:57 - 5 minutesThousands of furloughed employees could soon be called back to join the Internal Revenue Service’s skeleton staff as the partial government shutdown enters its third week. The IRS is poised to release an updated contingency plan for the tax filing season, when more employees will be considered essential and allowed to work during a funding lapse. Bloomberg Tax’s Lydia O’Neal joins host Amanda Iacone to discuss the shutdown and the latest developments on Capitol Hill. Last week, the Senate ...
Congress Runs Out of Time on Year-End Tax Issues
January 02, 2019 22:06 - 7 minutesThe 115th Congress is coming to a close and many of the tax items lawmakers hoped to address during lame-duck are still on the table. Bloomberg Tax’s Allyson Versprille discusses the measures that may get picked up again by the new Congress beginning Jan. 3 and other priorities that could garner bipartisan support in a split Congress. Host: Amanda Iacone. Producer: Nicholas Anzalotta-Kynoch.
Partnership Audit Regulations: Where Do We Stand Now? (Part 2)
December 20, 2018 19:51 - 18 minutesKate Kraus joins Andrea L. Ben-Yosef to talk about the partnership audit regulations. Kate recently joined Allen Matkins as a tax partner in the firm’s Los Angeles office. There have been several rounds of proposed, temporary, and final regulations, with the most recent ones issued in August. Kate discusses some key issues to take into account under the new guidance, such as what happens if the partnership representative leaves, taking favorable adjustments into account, and other issues tha...
UPS’ Chief Accountant Talks Leasing, Bots, and More
December 18, 2018 21:45 - 16 minutesSoftware upgrades, bug fixes, and a global search for lease data were among the challenges United Parcel Service Inc. faced in preparing to adopt new accounting rules for leases. Beginning in January, public companies will have to report leased assets and liabilities on their balance sheet regardless of the length of the lease, under rules issued by the Financial Accounting Standards Board in 2016. Susan Ward, chief accounting officer for UPS, sat down with Bloomberg Tax’s Amanda Iacone Dec...
The Over/Under: Sports Betting Reaches Capitol Hill
December 14, 2018 20:25 - 14 minutesIn the second episode of The Over/Under, Bloomberg Tax’s Ryan Prete heads into a House Judiciary Subcommittee hearing on sports betting and discusses how lawmakers felt about regulation thereafter. Ryan also sits down with Dustin Gouker, managing editor at Legal Sports Report, a sports betting-centric online news source, to talk about a sports book error that resulted in an $80,000 payoff. Later, Ryan talks with Richard Auxier of the Tax Policy Center about what states can do to slow Congre...
CAQ’s Fornelli on Audit Oversight, Trends, U.K. Debate
December 12, 2018 20:08 - 30 minutesThe Center for Audit Quality is working on a quality indicator framework that could be used to compare accounting firms' performance. Setting quality metrics has long been discussed but until recently hadn't gained traction in the U.S. audit market. The center plans to issue its tool in early 2019. Cindy Fornelli, executive director of the Center for Audit Quality, spoke with Bloomberg Tax’s Amanda Iacone about why audit quality indicators are getting so much attention lately. She also ...
Retirement Plan Provisions That Could Finally Make Their Way Through Congress
December 07, 2018 18:36 - 17 minutesMichael Hadley and Adam McMahon of Davis & Harman join Andrea L. Ben-Yosef to talk about the key provisions in the Family Savings Act, how it was influenced by RESA, and its prospects for enactment after the mid-term elections. With the Congress racing to stop a government shutdown, does Congress have the attention span to focus on bipartisan retirement plan reforms? For more information, see their Daily Tax Report Insight: Are We on the Verge of the Next Big Pension Bill? A Review of the ...
A Conversation With Halliburton’s Myrtle Jones
December 05, 2018 00:25 - 16 minutesHalliburton Co. is consulting with numerous external advisers to help understand the 2017 tax overhaul, especially provisions for which the IRS hasn’t issued final rules. The law cut Halliburton’s effective tax rate by 10 percent this year and gave the company a more level playing field against its foreign-based competition. Still, it presents continuing business-planning challenges as the new tax code provisions are fleshed out. Myrtle Jones, Halliburton’s senior vice president of tax, join...
Tax Bill Prospects Clouded by Tight Calendar
December 03, 2018 21:41 - 7 minutesLawmakers have just a few weeks to pass a year-end tax package, amid a calendar shortened by observances honoring the late former president, George H.W. Bush. Bloomberg Tax’s Kaustuv Basu and Allyson Versprille join host Amanda Iacone to discuss the prospects for a lame-duck tax package in the House and Senate. Host: Amanda Iacone. Producer: Nicholas Anzalotta-Kynoch
Partnership Audit Regulations: Where Do We Stand Now? (Part I)
November 27, 2018 20:14 - 16 minutesKate Kraus joins Andrea L. Ben-Yosef to talk about the partnership audit regulations. Kate recently joined Allen Matkins as a tax partner in the firm’s Los Angeles office. There have been several rounds of proposed, temporary, and final regulations, with the most recent ones issued in August. Kate discusses some key issues to take into account under the new guidance, such as what happens if the partnership representative leaves, taking favorable adjustments into account, and other issues th...
Grassley Takes Back the Gavel at Senate Finance
November 20, 2018 17:14 - 8 minutesSenator Chuck Grassley (R-Iowa) will retake the helm at the Senate Finance Committee next Congress, succeeding current Chairman Orrin Hatch (R-Utah), who’s retiring. Under Grassley’s leadership—he led the committee twice before in the early and mid-2000s—the committee is expected to focus on trade, tax policy, healthcare, and oversight issues. Bloomberg Tax’s Allyson Versprille discusses what’s on tap for the tax-writing panel in 2019 and potential tax items that could be addressed in the l...
The Over/Under: Sports Betting in America
November 09, 2018 20:33 - 12 minutesIn the first episode of The Over/Under, Bloomberg Tax’s Ryan Prete explains the history of outlawed sports betting in America and the U.S. Supreme Court’s recent reversal of the ban. Prete sits down with Richard Auxier of the Tax Policy Center to discuss early tax revenue figures from legalized sports betting, and whether sports betting could serve as an “end all” to state fiscal woes. Prete also talks with Sara Slane of the American Gaming Association about the possibility of a federal s...
How the IRS is Using AI and Big Data
November 09, 2018 20:09 - 16 minutesArtificial Intelligence and Big Data are terms that are in the news. Tax practitioners should be aware that the IRS is using these methods to mine for information, and that could impact whether and how their clients are audited. Carina Federico of Crowell Moring, Michelle Schwerin of Capes Sokol, and Travis Thompson of Sideman & Bancroft join Bloomberg Tax’s Andrea L. Ben-Yosef to talk about where IRS is getting its data, how the use of AI will impact enforcement, and what practitioners sho...
New Congress Will Bring Oversight, Policy Changes
November 07, 2018 21:36 - 31 minutesCongress will look very different when it gavels in next year with a new House Democratic Majority and an expanded Republican Senate. On this special post-election episode of “Suspending the Rules”—brought to you by Talking Tax— reporters and legislative analysts break down the implications of a divided Congress for a variety of key issues. In this episode: • Bloomberg Government senior congressional reporter Nancy Ognanovich dives into the election returns and dynamics in the new Congress. ...
What Are the Opportunities in Opportunity Funds?
October 29, 2018 20:23 - 20 minutesOpportunity zones and opportunity funds were created by the 2017 tax act to encourage business investment in low-income communities. They have attracted a lot of interest because of the tax incentives, including exclusion and deferral of capital gains. IRS released proposed regulations on October 19 that gave practitioners some answers. Bradley T. Borden, a professor of law at Brooklyn Law School, and Alan S. Lederman, a shareholder at the Florida law firm of Gunster, join Bloomberg Tax’s A...
Intel Unit's Tax Appeal: Only One Judge Really Matters
October 26, 2018 20:32 - 12 minutesIntel subsidiary Altera Corp.'s cost-sharing structure—and that of other Silicon Valley companies—lies in the hands of one appellate court judge: Susan Graber. The judge's questioning during recent oral argument in the company’s dispute with the IRS could signal a victory for the government, but all agree Altera probably wouldn’t take that lying down. Will the company find itself at war again over whether it’s going to be forced to include stock compensation in its U.S. taxable income? And wh...
Midterm Results Could Alter Tax Policy Landscape
October 22, 2018 20:10 - 10 minutesSeveral lawmakers on tax-writing committees in both chambers of Congress are facing tough races in the November midterm elections. The outcome of those races will dictate the tax agenda through the end of the year and into 2019. Bloomberg Tax’s Allyson Versprille and Kaustuv Basu discuss the path forward for both the House and Senate, legislation that is dependent on the political party in control, and the tax policies that may move forward regardless of the election outcomes. Host: Amanda...
Altera’s Tax Saga—Is It All Just Foofaraw?
October 12, 2018 19:44 - 11 minutesIntel subsidiary Altera Corp. and the Internal Revenue Service will meet again this month in the 9th Circuit in a case watched by Facebook, Google, and others. A loss for the computer chip-maker could be detrimental to Silicon Valley. A central question in the case turns on the complicated question of allocating costs. But is the case anything more than procedural foofaraw? And was it appropriate for the court to withdraw a previous opinion and replace a deceased judge five months after his d...
House Prepares to Vote on Tax Cut 2.0 Package
September 25, 2018 14:11 - 6 minutesThe House will turn its attention to the tax cut 2.0 package this week, with a floor vote possible during the latter half of the week. The House is also eyeing a vote on a budget bill that will fund the Internal Revenue Service through Dec. 7. And a Ways and Means subcommittee hearing on Sept. 26 will focus on how the IRS uses online tools to protect taxpayers. Bloomberg Tax’s Kaustuv Basu talked to Amanda Iacone about upcoming tax action on Capitol Hill. Host: Amanda Iacone. Producer: Nich...
Tax Cut 2.0 Package in the Mix for September
September 18, 2018 02:33 - 9 minutesHouse Speaker Paul Ryan (R-Wis.) wants the House to vote by the end of the month on a second round of tax cuts known as Tax 2.0. The package would make some of the temporary provisions in the 2017 tax law permanent and create new retirement and innovation tax incentives. But GOP leaders could face resistance from some members in their party opposed to making the cap on state and local tax deductions permanent. During this episode of Hill Roundtable, Bloomberg Tax’s Allyson Versprille and Kaus...
Altera’s Tax Saga, IRS Administrative Procedure, and the Death of a Judge
September 13, 2018 19:48 - 8 minutesIntel subsidiary Altera Corp., in a case being closely watched by tech companies, suffered a setback when an appeals court reversed a tax court ruling in its favor. Yet before the three-judge panel could issue its written opinion, one of the judges died. The appeals court withdrew its opinion, and now another judge will step in to break the tie. In this week’s special edition of Talking Tax, Bloomberg Tax reporter Sony Kassam and legal editor Carolina Vargas follow the winding trail of Alt...
Talking Tax - Episode 77 - Do Proposed Regulations for §199A Provide Clarity for Business Owners?
August 23, 2018 15:40 - 13 minutesJim Kehl of Weil, Akman, Baylin & Coleman, in Timonium MD, joins Talking Tax host Andrea L. Ben-Yosef to talk about the complicated subject of §199A, a tax code provision added by the 2017 tax act, and the proposed regulations, released on August 8, implementing §199A’s 20% deduction for businesses taxpayers own directly and indirectly through interests in pass-through entities.” The proposed regulations provide more insight into the definition of a trade or business, which is crucial in de...
Talking Tax - Episode 76 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 2)
August 10, 2018 15:19 - 19 minutesIn Part 2, George D. Karibjanian and Richard S. Franklin of Franklin Karibjanian & Law PLLC join Talking Tax host Andrea L. Ben-Yosef to talk about how the 2017 tax act’s repeal of §682 impacts existing trusts, including alimony trusts and lifetime QTIPs. Without §682, starting in 2019 the taxability of these trusts may remain with the spouse putting money into the trust even post-divorce. Existing trusts should be reviewed, because they will not likely be grandfathered, and practitioners s...
Talking Tax - Episode 75 - Career Tips From 2 of Accounting’s Most Powerful Women
August 03, 2018 14:36 - 22 minutesTaking the CPA exam, studying technology, and setting career goals that fit your personality should be top priorities for young female accountants, two winners of the Most Powerful Women in Accounting award told Bloomberg Tax. Abby Dupree, managing partner at Carroll and Company, CPAs in Tallahassee, Fla., and Kimberly Ellison-Taylor, global strategy leader for the financial services industry at Oracle America, Inc., joined Bloomberg Tax’s Courtney Rozen July 25 to talk about how the account...
Hill Roundtable - Episode 75 - IRS Funding Bill Coming Up for Senate Vote
July 30, 2018 23:19 - 8 minutesThe House of Representatives was busy last week passing a set of tax bills related to health savings accounts and a measure to repeal the medical device tax permanently. The House is on summer recess now, but the Senate is set to vote on a package of bills that include a funding boost for the IRS. Capitol Hill reporter Allyson Versprille spoke with Talking Tax host Amanda Iacone on July 30 about that legislative activity plus the addition of another IRS overhaul bill to the agenda—and the do...
Talking Tax - Episode 74 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 1)
July 20, 2018 14:12 - 15 minutesGeorge D. Karibjanian and Richard S. Franklin of Franklin Karibjanian & Law PLLC join Talking Tax host Andrea L. Ben-Yosef to talk about how the 2017 tax act affects alimony by taking away the deduction for the spouse making the alimony payments. This is a revenue raiser and “the most sinister provision” in the 2017 tax act, they said. This new regime, beginning in 2019, will impact the negotiations for future prenuptial agreements, separation agreements, and divorce decrees. While there is...
Hill Roundtable - Episode 74 - Republicans Fine-Tune Timing for Tax Law Changes
July 16, 2018 20:08 - 6 minutesRepublicans are preparing a timeline for passing a series of tax law changes, including making the tax cuts for individuals permanent and eliminating taxes that form a key part of the Affordable Care Act. Meanwhile, a bill that would increase the fiscal year 2019 budget for the Internal Revenue Service continues to advance in the House. Capitol Hill reporter Kaustuv Basu spoke with Talking Tax host Amanda Iacone on July 16 about House Ways and Means Committee Chairman Kevin Brady’s (R-Tex...
Talking Tax - Episode 73 - Association Health Plans
July 05, 2018 22:14 - 18 minutesAlden Bianchi of Mintz Levin and Christopher Condeluci of CC Law & Policy join Talking Tax host Andrea L. Ben-Yosef to discuss the new rules for association health plans, which change the standards for determining which small employers are permitted to join with other small employers to form, maintain, and participate in single, large group health plans. These health care law experts discuss how association health plans work, who should consider using them, and how they will impact the heal...
Talking Tax - Episode 72 - Tax Court Issues Fewer Opinions in Second Quarter
July 03, 2018 20:21 - 5 minutesFewer opinions, frequent disputes about business expense deductions, and the importance of representation. These are takeaways from a Bloomberg Tax analysis of U.S. Tax Court opinions released during the second quarter of 2018. Legal editor Carolina Vargas and reporter Courtney Rozen reviewed every Tax Court case from early April through mid-June, tallying aspects such as judge, winner, and issue. They joined Bloomberg Tax’s Amanda Iacone on July 3 to talk about trends they spotted in their...
Hill Roundtable - Episode 73 - Rettig, Tax Cut Package and More
July 02, 2018 20:52 - 7 minutesCharles Rettig, President Donald Trump’s nominee for IRS commissioner, appeared before the Senate Finance Committee June 28. Committee Chairman Orrin G. Hatch (R-Utah) told Bloomberg Tax that he wants to wrap up Rettig’s confirmation process in three to four weeks. Capitol Hill reporter Kaustuv Basu spoke with Talking Tax Host Amanda Iacone July 2 about Rettig, House Ways and Means Chairman Kevin Brady’s (R-Texas) plans for a tax cut package later this year, and the Internal Revenue Service’...
Hill Roundtable - Episode 72 - All Eyes on Hearing for IRS Nominee Rettig
June 26, 2018 14:06 - 8 minutesThe focus of the tax community this week will be on a June 28 Senate Finance Committee hearing on the nomination of Charles Rettig for Internal Revenue Service commissioner. In other congressional business, some lawmakers are also pondering what they can do in the aftermath of a June 21 U.S. Supreme Court decision that removed a barrier to taxation of online sales. Capitol Hill reporters Allyson Versprille and Kaustuv Basu spoke with Talking Tax host Amanda Iacone June 25 about the Rettig h...