Tax Notes Talk
348 episodes - English - Latest episode: 20 days ago - ★★★★ - 79 ratingsA discussion of cutting-edge developments in tax, including up-to-the-minute changes in federal, state, and international tax law and regulations.
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Episodes
What’s a U.S. Trade or Business? Analyzing YA Global
March 29, 2024 04:00 - 33 minutes - 22.9 MBWilliam McRae of Cleary Gottlieb discusses the U.S. Tax Court’s decision in YA Global Investments v. Commissioner and what it means for the private equity sector. For additional coverage, read these articles in Tax Notes: Tax Pro Questions Tax Court’s Dealer Analysis in YA Global Tax Pros Weigh Impact of YA Global on Fund Industry YA Global Footnote Shouldn’t Be Overlooked Cayman Islands Hedge Fund Liable for Tax Bill of Over $57 Million Follow us on Twitter: David Stewart: @TaxStew ...
Senate Stasis: An Update on Congress’s Tax Deal
March 22, 2024 04:00 - 17 minutes - 11.8 MBTax Notes Capitol Hill reporters Cady Stanton and Doug Sword discuss the roadblocks the Tax Relief for American Families and Workers Act is facing in the Senate. For additional coverage, read these articles in Tax Notes: Crapo’s Tax Deal Offers Were Non-starters for Dems, Wyden Says Finance Republicans Have Problem With Tax Bill’s Retroactivity Wyden Warns It’s Now or Never for R&D and Other Biz Tax Breaks Larger Priorities and Slow Discussions Leave Tax Bill in Limbo Tax Deal Doesn’t...
An Update on Pillar 1 Amount B
March 15, 2024 04:00 - 14 minutes - 10.1 MBTax Notes chief correspondent Stephanie Soong discusses the latest developments surrounding amount B under pillar 1 of the OECD’s two-pillar corporate tax reform plan. Listen to our last podcast on amount B: Pillar 1 Amount B: Disagreements and Divides For additional coverage, read these articles in Tax Notes: Amount B Transfer Pricing Approach Doesn’t Deliver, BIAC Says Amount B Might Have a Phase 2, Bello Says Amount B Won’t Change Australia’s Inbound Distributor Approach New Zeala...
Navigating the Corporate Transparency Act
March 08, 2024 05:00 - 26 minutes - 18 MBChristine Green of Steptoe & Johnson PLLC discusses the Corporate Transparency Act and the recent litigation regarding its constitutionality. For additional coverage, read these articles in Tax Notes: U.S. Court Declares Corporate Transparency Act Unconstitutional Yellen: New Beneficial Ownership Reporting Rules Already Working FinCEN Finalizes Access Rule for Beneficial Ownership Reporting IRS Criminal Investigators Won’t Enforce New Transparency Rules FinCEN Finalizes Reporting Exte...
Medtronic, 3M, Abbott Labs, Oh My! Transfer Pricing Update
March 01, 2024 05:00 - 38 minutes - 26.8 MBTax Notes contributing editor Ryan Finley discusses the latest developments in three transfer pricing cases — Medtronic, 3M, and Abbott Labs — and their implications for the future. For additional coverage, read these articles in Tax Notes: Business Groups Urge Eighth Circuit to Overturn Tax Court in 3M Medtronic Budges on CUT Method in Round 2 at Eighth Circuit Abbott Labs Revives Fight Over Stock Options in Transfer Pricing Blocked Brazilian Income Can’t Be Taxed in U.S., 3M Brief Ar...
Taxing Billionaire Borrowing: A New Kind of Wealth Tax?
February 23, 2024 05:00 - 30 minutes - 20.8 MBProfessors Edward Fox and Zachary Liscow discuss their proposal for a new tax on billionaires that would apply to borrowing against their assets. For more, read Fox and Liscow's article, "No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole," in Tax Notes. For more on wealth taxes, listen to The Wealth Tax Debate. Follow us on Twitter: Robert Goulder: @RobertGoulder David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by the University of Calif...
Tracking the Latest on the House Tax Reform Plan
February 16, 2024 05:00 - 20 minutes - 14.1 MBTax Notes Capitol Hill reporters Cady Stanton and Doug Sword discuss the key provisions of the Tax Relief for American Families and Workers Act and its potential paths for passage in the Senate. For additional coverage, read these articles in Tax Notes: House Kills SALT Marriage Penalty Bill in Procedural Vote Smith Combats Claims Senate Republicans Weren’t in Tax Talks Senate Border Traffic Jam Pushes Tax Bill Back Weeks, at Least House Tax Deal Vote Hasn’t Swayed Senators Seeking Mar...
The Plastic Problem: Using Tax to Protect the Environment
February 09, 2024 05:00 - 33 minutes - 22.7 MBProfessor Roberta Mann of the University of Oregon School of Law explains how taxing single-use plastics could help combat their environmental effects. For more, read Mann's article, "Targeting Plastic Pollution with Taxes." Follow us on Twitter: David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax. This episode is sponsored by TaxBandits. Fo...
Liberty Global and the Economic Substance Doctrine
February 02, 2024 05:00 - 15 minutes - 10.7 MBTax Notes managing legal reporter Andrew Velarde discusses the economic substance doctrine dispute in Liberty Global Inc. v. United States and its potential implications. For previous Moore episodes, listen to the following: A Recap of SCOTUS Oral Arguments in Moore v. United States Moore Money, More Tax Problems? Analyzing Moore v. United States For additional coverage, read these articles in Tax Notes: ABA Section of Taxation Meeting: Liberty Global Is a Warning Against High-Level Bu...
What to Expect in the 2024 Filing Season
January 26, 2024 05:00 - 33 minutes - 22.9 MBKelly Phillips Erb, known online as Taxgirl, discusses the 2024 filing season’s challenges and considerations in light of the IRS’s post-IRA funding changes and the potential for congressional action on a tax deal. For additional coverage, read these articles in Tax Notes: IRS Hasn’t Been Idle During ERC Moratorium IRS Launches Direct-File Platform Hopes for Senate Markup of Tax Deal Complicated by Timing IRS Unveils Sleeker Notices Ahead of Filing Season Tax Deal Puts a Damper on Fil...
Moore 2.0? Analyzing Altria Group Inc. v. United States
January 19, 2024 05:00 - 21 minutes - 14.5 MBTax Notes contributing editor Robert Goulder discusses the downward attribution dispute in Altria Group Inc. v. United States and the case’s similarities to Moore. Listen to our Moore episodes: A Recap of SCOTUS Oral Arguments in Moore v. United States Moore Money, More Tax Problems? Analyzing Moore v. United States For additional coverage, read these articles in Tax Notes: Analysis: The Excise Power: Altria Waits Its Turn Altria’s Case Stayed Pending Realization Decision in Moore Alt...
Spotlighting Tax Transparency Around the Globe
January 12, 2024 05:00 - 16 minutes - 11.4 MBTax Notes contributing editor Nana Ama Sarfo discusses global tax transparency efforts, specifically beneficial ownership registries and country-by-country public reporting. For more, read Sarfo's analysis in Tax Notes: New Year, New Expectations for Global Tax Transparency Follow us on Twitter: Nana Ama Sarfo: @nanaama_sarfo David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more inf...
State Tax Policy Trends to Watch in 2024
January 05, 2024 05:00 - 31 minutes - 21.4 MBStephanie Do of the Council On State Taxation discusses key state tax policy topics that are likely to see action in 2024, including the expiration of Tax Cuts and Jobs Act provisions. For additional coverage, read these articles in Tax Notes: West Virginia Governor Highlights Fiscal 2024 Revenue COST Urges California High Court to Block Taxation of Intangibles The High Cost of Untaxed Sales SALT Cap Workarounds Are Not Always Beneficial, Practitioner Says Stakeholders: More Clarifica...
2024 U.S. Tax Legislation Forecast
December 29, 2023 05:00 - 35 minutes - 24.6 MBTax Analysts Chief Operating Officer Jeremy Scott reviews the 2023 developments in U.S. tax legislation and speculates what may lie ahead in 2024. For more on AI and the Big 4, read this Fortune article. For additional coverage, read these articles in Tax Notes: Businesses Paid More Taxes in Fiscal 2022, COST Report Says A Look Ahead: If a Tax Package Materializes, Don’t Blink or You’ll Miss It The Biggest Implications of Moore IRS Looks to Procure AI Operations Platform IRS Cautione...
Year-End Collection: Tax Oddities of 2023
December 22, 2023 05:00 - 22 minutes - 15.3 MBTax Notes reporters recap some of the strangest stories they encountered in 2023, from a video game that can prepare tax returns to the IRS attempting to seize a 200-year-old Italian cello. For additional coverage, read these articles in Tax Notes: The ‘Gamification’ of Tax Return Preparation Has Arrived Tax Wonk Calls Foul on Massachusetts Surtax After NBA Player Departs Taxpayer Hits Sour Note in Quest to Protect Cello From IRS Levy Forged Documents Shatter Iranian Seizure Deduction ...
A Recap of SCOTUS Oral Arguments in Moore v. United States
December 15, 2023 05:00 - 30 minutes - 20.8 MBTax Notes managing legal reporter Andrew Velarde breaks down the Supreme Court's oral arguments in Moore and predicts what's next for the case. For additional coverage, read these articles in Tax Notes: Government May Have Upper Hand in Moore, but Court May Go Narrow Moore Sold Shares in Transition Tax Company for Big Gain Moores Fire Back That Macomber Is Controlling, Not Mere Dictum Transition Tax Drafter: Quit It With ‘Mandatory Repatriation Tax’ Small Business Groups Enter the Moor...
The Reporter's Notebook: Stories From Covering the OECD
December 08, 2023 05:00 - 18 minutes - 13 MBIn honor of Tax Notes Talk's 300th episode, Tax Notes chief correspondent Stephanie Soong reviews her tax career and coverage of the OECD over the last decade. For additional coverage, read these articles in Tax Notes: Pillar 1 Treaty Safe Harbor May Fall Short of Goals, Group Says EU Won’t Introduce Pillar 1 Directive, Commission Official Says Canada’s Position on Digital Tax Is Unchanged, Freeland Says More European Governments Propose Global Minimum Tax Bills Kuwait Signs Up to OEC...
Taxing Carbon at the Border
December 01, 2023 05:00 - 14 minutes - 9.82 MBTax Notes chief correspondent Amanda Athanasiou discusses the growing global popularity of carbon border adjustment mechanisms, the EU’s new regime, and how border adjustments can be used to support carbon pricing and environmental policy. For additional coverage, read these articles in Tax Notes: Official Defends EU CBAM Against Developing Countries' Critiques Australia Considers CBAM in Carbon Leakage Measures Consultation Norway Isn't Obligated to Implement EU CBAM, Government Says ...
Cryptoassets and State Taxation
November 22, 2023 17:00 - 26 minutes - 18.5 MBWally Hellerstein of the University of Georgia Law School discusses the emerging state guidance for taxing cryptoassets. For more on the taxation of cryptoassets, listen to "Cryptocurrency and the Newly Proposed Tax Rules on Digital Assets." For additional coverage, read these articles in Tax Notes: OECD Cryptoasset Framework to Come Into Force in 2027 New Jersey Tax Division: Crypto, NFTs Are Financial Products New York Attorney General Proposes to Tighten Crypto Industry Rules The S...
Taxing the Fast-Fashionistas
November 17, 2023 05:00 - 18 minutes - 12.5 MBTax Notes contributing editor Nana Ama Sarfo discusses how lawmakers across the globe are looking to taxes to address problems with fast fashion. For additional coverage, read Sarfo's analysis for free in Tax Notes: "The Tax Man Comes for Fast Fashion." Follow us on Twitter: Nana Ama Sarfo: @nanaama_sarfo David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by the FRA Private Investment Fund Tax & Accounting Forum. For more information, visit fraconferences.com/pi...
Diversity and the Tax Bar
November 10, 2023 05:00 - 18 minutes - 12.7 MBSanessa Griffiths of Skadden, Arps, Slate, Meagher & Flom LLP discusses the lack of diversity in the tax bar and recommends ways to fix it. For more, read Griffiths et al's article, "Diversity in the Tax Bar — Reflections on Lessons Learned and the Path Forward." For the report mentioned in the intro, visit "Goal III Report 2022." Listen to more Tax Notes Talk episodes from our critical tax theory series: Race-Based Poll Taxes and 20th-Century Discrimination Examining Treasury’s Review...
Navigating New Guidance on the Corporate Alternative Minimum Tax
November 03, 2023 04:00 - 36 minutes - 25.4 MBMike Resnick of Eversheds Sutherland discusses the effects on taxpayers of the corporate alternative minimum tax and its recently released guidance. For additional coverage, read these articles in Tax Notes: Proposed Regs for Corporate AMT Will Address Partnership Shares Corporate AMT Consolidation Rules Flow From Tax Principles Financial Firm Highlights Potential for Corporate AMT Distortion Treasury Official Explains Confusing Rule in Corporate AMT Notice Corporate AMT Depreciation ...
IRA Energy Credits, Part 2: Proposed Regs and What’s Next
October 27, 2023 04:00 - 38 minutes - 26.3 MBIn the second of a two-episode series, Tim Jacobs of Hunton Andrews Kurth continues his discussion of the energy credits enacted in the Inflation Reduction Act and the proposed regulations. Listen to the first part of this series: IRA Energy Credits, Part 1: History and Early Guidance For additional coverage, read these articles in Tax Notes: Grouping Rule Could Be Added to Clean Energy Prefiling Process Energy Department Opens Portal for Low-Income Bonus Energy Credit Analysis: Appren...
IRA Energy Credits, Part 1: History and Early Guidance
October 20, 2023 04:00 - 31 minutes - 21.7 MBIn the first of a two-episode series, Tim Jacobs of Hunton Andrews Kurth discusses the energy credits enacted in the Inflation Reduction Act and the major pieces of guidance released so far. Listen to our other episodes on the tax-related provisions in the Inflation Reduction Act: The New Excise Tax on Corporate Stock Buybacks U.S. Tax Provisions Driving the Fight Against Climate Change $80 Billion in New Funding: What’s Next for the IRS? Analyzing the Corporate Alternative Minimum Tax...
The EU's Latest Plan to Simplify Corporate Taxation
October 13, 2023 04:00 - 17 minutes - 12.1 MBTax Notes reporter Elodie Lamer discusses the Business for Europe: Framework for Income Taxation (BEFIT) initiative, the European Commission’s latest plan to harmonize and streamline certain aspects of corporate taxation. For additional coverage, read these articles in Tax Notes: Analysis: BEFIT for Europe: Must We Do This Again? Global Developments Both Helped and Constrained EU’s BEFIT European Commission Draws Lessons From Past Failures With BEFIT BEFIT to Apply to Pillar 2 Groups, ...
Race-Based Poll Taxes and 20th-Century Discrimination
October 06, 2023 04:00 - 37 minutes - 26.1 MBProfessor Jeremy Bearer-Friend of the George Washington University Law School discusses poll taxes in the 20th century and how they were used to target taxpayers based on race and ethnicity. For more, read Bearer-Friend's article, "Race-Based Tax Weapons." Listen to more Tax Notes Talk episodes from our critical tax theory series: Examining Treasury’s Review of Racial Bias in the U.S. Tax Code Is IRS Tax Enforcement Colorblind? State Tax Authority and Native Americans: Complex and Conv...
IRS Key Updates: ERC, EITC, and Government Shutdown Plans
September 29, 2023 04:00 - 32 minutes - 22 MBRobert Kerr, formerly with the IRS and now with Kerr Consulting, discusses latest developments from the IRS, including the tax agency’s plans for a government shutdown and its handling of the employee retention credit. For additional coverage, read these articles in Tax Notes: Looming Shutdown Threatens to Derail IRS’s Progress IRS Isn’t Shutdown-Proof After All IRS to Scale Back EITC Audits, Citing Racial Disparities NTEU: IRS’s Push to Hire 3,700 Auditors Is Doable but Difficult IRS...
Cryptocurrency and the Newly Proposed Tax Rules on Digital Assets
September 22, 2023 04:00 - 23 minutes - 15.9 MBGarrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions. For additional coverage, read these articles in Tax Notes: Tax Pros Wary of Overly Inclusive Crypto Reporting Regs Decentralized Exchanges Considered Brokers Under Proposed Regs Proposed Regs Provide Guidance on Digital Asset Sales and Exchanges Follow us on Twitter: David Stewart: @Tax...
An Update on the Foreign Tax Credit Rules and IRS Relief
September 15, 2023 04:00 - 17 minutes - 12.3 MBTax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response. For more on the foreign tax credits, listen to "The Final Foreign Tax Credit Rules: Complaints and Confusion." For additional coverage, read these articles in Tax Notes: IRS Says It Anticipates Extending FTC Relief Notice Another Year Treasury to Publish FTC Guidance on Pillar...
The Intersection of U.S. Tax Law and Democracy
September 08, 2023 04:00 - 36 minutes - 25.4 MBProfessor Clint Wallace of the University of South Carolina School of Law discusses his argument for using tax policy to reinforce democracy. For more, read Wallace's article, "A Democratic Perspective on Tax Law." Follow us on Twitter: David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23. *** Credits Host: David D. Stewart Executive Producers: Jasper B. Smith, Paige Jones Showrunner: ...
Checking In With Congress: Fall 2023 Preview
September 01, 2023 04:00 - 20 minutes - 14.3 MBTax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. For additional coverage, read these articles in Tax Notes: GOP Taxwriters to Air Grievances to OECD Leaders in Europe Once Upon a Time: Bipartisan Senate Group OK’d $40B for IRS State SALT Workarounds Cost Feds at Least $10 Billion Annually Democrats Drew Line in Sand for IRA Provisions but Left IRS Out Endg...
Tax and the Future of Artificial Intelligence
August 25, 2023 04:00 - 23 minutes - 16.1 MBJohn McGowan of HubSync discusses artificial intelligence and its role in the tax field. For additional coverage, read these articles in Tax Notes: AI in the DOR: State Tax Departments Ponder Use of Artificial Intelligence IRS Working to Deploy AI Algorithms and Models AI Programs Not Reliable Enough Yet for Tax Work, Attorney Says Follow us on Twitter: David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stewart Executive Producers: Jasper B. Smith, Paige Jones ...
Pillar 1 Amount B: Disagreements and Divides
August 18, 2023 04:00 - 16 minutes - 11.5 MBTax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it. For additional coverage, read these articles in Tax Notes: Analysis: Scoping-Criteria Dispute Overshadows Amount B Progress Analysis: OECD Agreement on Amount B Tax Deal Remains Elusive Follow us on Twitter: Ryan Finley: @ryanmfinley David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: Dav...
The Employee Retention Credit: Scams and Successes
August 11, 2023 04:00 - 35 minutes - 24.3 MBTom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent rise in misleading promotions and fraudulent ERC claims, and the IRS’s response. For additional coverage, read these articles in Tax Notes: Employee Retention Credit a ‘Great Concern’ for IRS, Werfel Says IRS May Face Constraints in Quest to Curb ERC Abuse W&M Panel Considers Amnesty for Fraudulent ERC Payments Werfel Drops Hint, Seeks Early End to Employe...
Inside Bidenomics: Unpacking the President's Tax Priorities
August 04, 2023 04:00 - 14 minutes - 10.3 MBTax Notes White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax. For additional coverage, read these articles in Tax Notes: National Economic Council Touts Impact of Biden Tax Incentives Biden Extols the Virtues of ‘Bidenomics’ Treasury Links Construction Surge to CHIPS and IRA Credits Follow us on Twitter: Alex Rifaat: @alexrifaat David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stew...
Manal Corwin Takes the Helm: Updates on the OECD Tax Reform Plan
July 28, 2023 04:00 - 35 minutes - 24.4 MBManal Corwin, the new director of the OECD's Centre for Tax Policy and Administration, discusses her vision for the organization and the latest updates on the inclusive framework and two-pillar project. For additional coverage, read these articles in Tax Notes: Vietnam Proposes Global Minimum Tax Rules to Apply in 2024 BIAC Calls for More Consultations on Global Minimum Tax Rules U.K. Adopts Accounting Standard Changes for Pillar 2 Tax Rules Beyond the Numbers: Another Look at the JCT ...
Moore Money, More Tax Problems? Analyzing Moore v. United States
July 21, 2023 04:00 - 26 minutes - 18.4 MBProfessor Hank Adler of Chapman University discusses the income realization requirement dispute in the transition tax case Moore v. United States before the Supreme Court, and its implications on the U.S. tax system. For additional coverage, read these articles in Tax Notes: News Analysis: Limiting the Fallout From Moore Supreme Court to Hear Transition Tax Case With Vast Implications Follow us on Twitter: David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stewar...
The Evolution of International Corporate Taxation
July 14, 2023 04:00 - 26 minutes - 18.2 MBMarna Ricker, EY’s global vice chair of tax, discusses how international tax advisers and corporate tax clients have handled recent tax reforms and what to expect next. For additional coverage, read these articles in Tax Notes: Extended OECD Digital Tax Ban Will Hurt Canada, Freeland Says Countries Advance Pillar 1 Adoption, Extend Digital Tax Freeze European Tech Companies Push for EU Action on Digital Taxes Australia Mulls More Pillar 2 Deferred Tax Break Disclosure Rules Follow us ...
How Fake News Affects the Tax World
July 07, 2023 04:00 - 38 minutes - 26.2 MBProfessors Kathleen DeLaney Thomas and Erin Scharff discuss fake tax news and the effect it has on public policy. For more, read the professors' article "Fake News and the Tax Law." Follow us on Twitter: Robert Goulder: @RobertGoulder David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stewart Executive Producers: Jasper B. Smith, Paige Jones Showrunner and Audio Engineer: Jordan Parrish Guest Relations: Alexis Hart
Let's Make a Deal: Examining the U.S.-Chile Tax Treaty
June 30, 2023 04:00 - 28 minutes - 19.3 MBTax Notes reporters Cady Stanton and Michael Smith discuss the recently passed U.S.-Chile tax treaty and the importance of tax treaties on both a national and international scale. For additional coverage, read these articles in Tax Notes: Chile-U.S. Tax Treaty Gets Senate Approval, Heads to White House Senate Scheduled to Vote on Chile-U.S. Tax Treaty Treasury's Treaty Approach Seeks to Avoid Future Complications In our “Editors’ Corner” segment, George Jackson, a professor of manageme...
House GOP Tax Package: The Kickoff for Congressional Bargaining?
June 23, 2023 04:00 - 37 minutes - 25.4 MBSteve Rosenthal of the Urban-Brookings Tax Policy Center reviews the GOP tax package approved by the House Ways and Means Committee, specifically the proposed individual and business tax cuts. For additional coverage, read these articles in Tax Notes: House Tax Bill Racing Toward Floor Vote but Has a SALT Problem Ways and Means GOP Votes to Advance Tax Package GOP Introduces Tax Package to Kick Off Tax Bill Negotiations House Tax Bill to Focus on TCJA Extensions Follow us on Twitter: ...
Five Years of Wayfair: Continuing Complexity
June 16, 2023 04:00 - 30 minutes - 20.7 MBScott Peterson of Avalara discusses the South Dakota v. Wayfair decision, including how companies and states are faring five years later and what could be next with sales tax nexus. For additional coverage, read these articles in Tax Notes: Quad Graphics Urges Supreme Court to Take Up Sales Tax Appeal South Dakota’s Deb Peters Discusses Wayfair Five Years Later No Need to Hear Sales Tax Dispute, North Carolina Tells SCOTUS Halstead Bead Asks Fifth Circuit for Relief From Louisiana's Ta...
Crisis Averted: Breaking Down the Debt Ceiling Bill
June 09, 2023 04:00 - 13 minutes - 9.12 MBTax Notes reporter Alexander Rifaat discusses the tax implications of the recently passed debt ceiling bill and gentleman’s agreement over IRS funding. For additional coverage, read these articles in Tax Notes: Biden Signs Debt Ceiling Bill Into Law Senate Approves Debt Limit Deal, IRS Clawbacks Freedom Caucus Voices Opposition to Debt Ceiling Agreement Follow us on Twitter: Alex Rifaat: @alexrifaat David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stewart Exec...
U.S. Economic Update: Inflation, the Deficit, and the Debt Limit
June 02, 2023 04:00 - 21 minutes - 15.1 MBTax Analysts’ chief economist Martin Sullivan provides an overview of the state of the economy and how the recent debt limit bill could affect it. For additional coverage, read these articles in Tax Notes: House Sends Debt Limit Bill, IRS Cuts to Senate Did the Pandemic Help or Hurt the Economy? Follow us on Twitter: Marty Sullivan: @M_SullivanTax David Stewart: @TaxStew Tax Notes: @TaxNotes *** Credits Host: David D. Stewart Executive Producers: Jasper B. Smith, Paige Jones Showrun...
We’re Free Filin’? Assessing the IRS’s Direct File Report
May 26, 2023 04:00 - 31 minutes - 21.7 MBFormer IRS Commissioner David Kautter, now with RSM, discusses the recently released report on the feasibility of an IRS-run direct file program. For additional coverage, read these articles in Tax Notes: Free Direct-File Pilot Will Launch Next Year, IRS Says Report of Free File Prototype Irks Top Senate Finance Republican Use of Free File Service Dropped This Filing Season, TIGTA Finds Will Free File Alliance Survive Competition From the IRS? Follow us on Twitter: Jonathan Curry: @j...
State’s Victory: An Update on Maryland’s Digital Advertising Tax
May 19, 2023 04:00 - 13 minutes - 9.16 MBTax Notes reporter Andrea Muse provides an update on the state and federal lawsuits challenging Maryland’s digital advertising tax. Listen to our previous episodes on this: The Fight Over Maryland’s Digital Advertising Tax, Part 1 The Fight Over Maryland’s Digital Advertising Tax, Part 2 For additional coverage, read these articles in Tax Notes: Maryland High Court Hands State Victory in Digital Ad Tax Suit Maryland High Court Focuses on Exhaustion of Remedies in Digital Ad Tax Suit ...
Clarence Thomas’s Luxury Travel and the Gift Tax
May 12, 2023 04:00 - 29 minutes - 20.4 MBProfessors Bridget Crawford and Victoria Haneman discuss the estate and gift tax and how it could apply to the gifts received by Supreme Court Justice Clarence Thomas. For additional coverage, read these articles in Tax Notes: Harlan Crow Dodges Wyden Request for Details on Thomas Gifts Wyden May Pursue Harlan Crow’s Tax Records Wyden Asks Harlan Crow for Details of Gifts to Thomas In our “Editors’ Corner” segment, Ellen Aprill, the John E. Anderson Professor of Tax Law Emerita at Loyo...
Taxpayer Scores: Farhy Blocks International Reporting Penalties
May 05, 2023 04:00 - 13 minutes - 9.63 MBTax Notes reporter Andrew Velarde discusses the penalty dispute in Farhy v. Commissioner and the case’s implications for other penalties and future refund decisions. For additional coverage, read these articles in Tax Notes: In Farhy’s Wake, Taxpayer Advocate Renews Call for Penalty Change Fallout From Farhy on Assessable Penalties Could Be Extensive IRS Lacks Assessment Authority for Information Return Penalties Information Return Penalty Assessment Controversy Still Swirls Informati...
Emissions Free Trade: EV Tax Credit Sourcing Rules and the EU
April 28, 2023 04:00 - 32 minutes - 22.6 MBProfessor Kathleen Claussen of Georgetown Law discusses how the proposed regs for the new clean vehicle tax credit affect the EU and other countries without a free trade agreement. For additional coverage, read these articles in Tax Notes: Volkswagen EV Gains Tax Credit Eligibility Treasury Balancing Act on EV Tax Credits Leaves Open Questions Taxwriters Criticize Trade Rep on EV Tax Credit Transparency EU and U.S. Draw Closer to Energy Tax Credit Deal EU Steps Up Its Efforts to Match...
Lies for Likes: Evaluating Social Media Tax Scams
April 21, 2023 04:00 - 35 minutes - 24.4 MBProfessor Samuel Brunson of Loyola University Chicago discusses social media tax scams highlighted in the IRS’s 2023 “Dirty Dozen” list of scams and how to spot this misinformation. For more, read "Be Wary of Tax Advice on Social Media, IRS Warns," in Tax Notes. In our “Editors’ Corner” segment, Robert van Brederode, the founding partner of BrederodeTax LLC, chats about his Tax Notes piece, “Disclosure of Presidential Tax Returns Violates Right to Privacy.” Follow us on Twitter: Cady S...