Tax Notes Talk

Tax Notes Talk

A discussion of cutting-edge developments in tax, including up-to-the-minute changes in federal, state, and international tax law and regulations.

Budget Votes and Tax Cut Hopes: Congress's Path to Reconciliation

Send us a text Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco outline Congress’s progress on drafting the tax-focused reconciliation bill and the obstacles still remaining. For more coverage, read the following in Tax Notes: The Semi-Calm Before the Storm of Assembling a Giant Tax BillThose Troublesome Budget Instructions: They Might Not MatterHouse Looks to Assert ‘First Mover’ Status on Tax BillSenate Taxwriters Discussing Hike in Top Tax Rate, Grassley SaysHow House Budget...

04-25
18:06

Behind the Story: Investigating the Faults in the IRS’s FOIA System

Send us a text Tax Notes chief correspondent Amanda Athanasiou discusses her recent investigation into the IRS's handling of Freedom of Information Act requests and trends from two decades of agency data. For more, check out the Tax Notes coverage of the IRS FOIA system: IRS FOIA Backlog Expected to GrowFOIA Appeals Fail So Often, Taxpayers See a Broken SystemThe IRS Is Getting Fewer FOIAs. Why Aren’t Response Times Improving? Follow us on X: Amanda Athanasiou: @akathanasiouDavid Stewart: @Ta...

04-18
12:24

Trump, Tariffs, and Trade Turmoil

Send us a text Mat Mermigousis of BDO discusses the Trump administration’s ever-changing tariff policies and what they may mean for U.S. businesses. For more coverage, read the following in Tax Notes: Trump Pauses Tariff IncreasesEU Poised to Impose 25 Percent Retaliatory Tariffs on U.S. GoodsChina Announces Reciprocal Tariffs on U.S. ImportsTrump’s Tariffs Generate Tons of Criticism as Uncertainty Abounds Follow us on X: Michael Smith: @TaxesMichaelDavid Stewart: @TaxStewTax Notes: @Ta...

04-11
29:23

Tax or Theft? Examining the History of the Property Tax

Send us a text Professor Andrew Kahrl, author of The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America, discusses his argument that local property taxes have contributed to the disenfranchisement of Black homeowners. Read Thorndike's book review in Tax Notes, "Is the ‘Predatory’ Property Tax an Instrument of Oppression?" Listen to more Tax Notes Talk episodes from our critical tax theory series: Addressing Tax Policy Challenges for Workers With Disabilitie...

04-04
41:27

Addressing Tax Policy Challenges for Workers With Disabilities

Send us a text Kimie Eacobacci of the National Council on Disability details how a 60-year-old revenue ruling can exclude workers with disabilities from standard employment benefits and protections. Listen to more Tax Notes Talk episodes from our critical tax theory series: The Inadvertent Price of a Gender-Neutral Tax CodeRace-Based Poll Taxes and 20th-Century DiscriminationExamining Treasury’s Review of Racial Bias in the U.S. Tax CodeState Tax Authority and Native Americans: Complex ...

03-28
16:24

The Latest at the IRS: Personnel Changes, More Staff Reductions

Send us a text Tax Notes IRS reporter Benjamin Valdez provides an update on the IRS’s recent staffing developments and how they may affect filing season. Check out our most recent episode on the IRS, "Trump's Hiring Freeze and the IRS." For more coverage, read the following in Tax Notes: IRS Rollout of In-Person Work Faces ObstaclesTreasury, IRS Still Finalizing Next Staff Reductions, Krause SaysIRS to Pause Technology Modernization WorkTrump Replaces Acting IRS Chief CounselOusted IRS...

03-21
10:56

Corporate Transparency Act Update: Treasury’s Announcement

Send us a text Melissa Wiley of Kostelanetz LLP provides an update on the Corporate Transparency Act’s legal status after Treasury announced it would not enforce penalties against domestic companies. Listen to our previous episodes on the CTA: The Corporate Transparency Act: Recent Challenges and ConfusionNavigating the Corporate Transparency Act For more coverage, read the following in Tax Notes: Corporate Transparency Act Found to Violate Fourth AmendmentTreasury Announces Shift in CT...

03-14
28:06

Top Tax Cases of 2024, Part 3: C Corporations

Send us a text In the third of a three-part series, Damien Martin and Tony Nitti of EY discuss their top tax cases from 2024, focusing on two C corp cases: Ju et al v. United States and Stead v. Commissioner. Watch the first two parts of the series: Top Tax Cases of 2024, Part 1: PartnershipsTop Tax Cases of 2024, Part 2: S Corporations Follow us on X: David Stewart: @TaxStewTax Notes: @TaxNotes ** This episode is sponsored by the University of California Irvine School of Law Grad...

03-07
39:24

Top Tax Cases of 2024, Part 2: S Corporations

Send us a text In the second of a three-part series, Damien Martin and Tony Nitti of EY discuss their top tax cases from 2024, focusing on two S corp cases: Maggard v. Commissioner and Estate of Thomas Fry et al v. Commissioner. Watch the first part of the series, "Top Tax Cases of 2024, Part 1: Partnerships." For more coverage, read the following in Tax Notes: Tax Court Rejects Engineer’s S Corp Dissolution DefenseABA Pushes for More Guidance on S Corp Reorganizations Follow us on X: D...

02-28
47:26

Top Tax Cases of 2024, Part 1: Partnerships

Send us a text In the first of a three-part series, Damien Martin and Tony Nitti of EY discuss their top tax cases from 2024, focusing on two partnership cases: Denham Capital Management LP v. Commissioner and Surk LLC v. Commissioner. For more coverage, read the following in Tax Notes: DOJ Touts Tax Court Win on Limited Partner ExceptionTax Pros Weigh Impact of Ruling on IRS Basis Calculation Method Follow us on X: David Stewart: @TaxStewTax Notes: @TaxNotes ** This episode is sponsore...

02-21
47:48

A Conservative Case for Taxing the Rich: Lessons From History

Send us a text Tax Notes contributing editor and historian Joseph J. Thorndike discusses President Trump’s referral to “the forgotten man” and how the phrase connects to a conservative case for taxing the rich. Read Thorndike's article in Tax Notes, "The Too-Well-Remembered Man: A Conservative Case for Taxing the Rich." For more coverage, read the following in Tax Notes: Bye-Bye Round Numbers, Hello Rate Tweaks for Rescored TCJA BillMovement on Trump Tax Proposals Is Reconciliation Wild...

02-14
27:36

Trump's Hiring Freeze and the IRS

Send us a text Robert Kerr, formerly with the IRS and now with Kerr Consulting, discusses the recent federal hiring freeze and buyout offer and speculates how they may affect the IRS. Listen to our previous episode on how Trump's executive orders relate to international tax, "Former U.S. OECD Negotiator Talks Trump's Global Tax Impact." For more coverage, read the following in Tax Notes: IRS Claims Filing Season Staff Are Exempt From BuyoutFiscal 2026 Budget Cycle Could Be Critical for IRS Fu...

02-07
24:10

Former U.S. OECD Negotiator Talks Trump's Global Tax Impact

Send us a text Scott Levine, former Treasury deputy assistant secretary for international tax affairs, discusses President Trump’s executive order on the OECD’s global tax deal and its potential impact on the two-pillar project. Listen to our previous episodes on the two pillars here: Making Progress: Updates on the OECD Tax Reform PlanAn Update on Pillar 1 Amount BPillar 1 Amount B: Disagreements and DividesManal Corwin Takes the Helm: Updates on the OECD Tax Reform Plan For more cove...

01-31
29:20

How Monetizing Tax Data Puts Taxpayers at Risk

Send us a text Tax Notes investigations editor Lauren Loricchio discusses security concerns regarding tax software platforms’ data-sharing practices. Read Loricchio's article, "Monetization of Tax Data Sparks Concerns About Security." For additional coverage, read the following articles in Tax Notes: Taxpayer Data Leak Investigations Rarely Lead to ProsecutionsProPublica Data Leak Lawsuit Ends in SettlementIRS Discussing Response to Data Sharing by Tax Prep Companies Follow us ...

01-24
10:21

The Corporate Transparency Act: Recent Challenges and Confusion

Send us a text Lili Martin-Mashburn of Morris, Manning & Martin provides an update on where the Corporate Transparency Act stands in light of the recent litigation regarding its constitutionality. Listen to our previous episode on the CTA, "Navigating the Corporate Transparency Act." For more coverage, read the following in Tax Notes: Once Again, District Court Finds CTA Likely Unconstitutional 25 States Side With Businesses in Transparency Act ChallengesFifth Circuit Puts Corporat...

01-17
18:16

State Tax Policy Trends to Watch in 2025

Send us a text Two state tax policy experts discuss key tax proposals that states will likely address in 2025, including efforts to raise revenue and extend provisions of the Tax Cuts and Jobs Act. For additional coverage, read these articles in Tax Notes: Massachusetts Adopts Reg Changes on Apportionment, Married FilersIdaho Governor Pledges to Continue Providing Tax ReliefLeaked Docs ID Taxes Washington Senate Democrats Could ConsiderCOST Report Shows Modest State and Local Business T...

01-10
41:00

2025 U.S. Tax Legislation Forecast

Send us a text Tax Analysts Chief Operating Officer Jeremy Scott reviews the 2024 developments in U.S. tax legislation and speculates what may lie ahead in 2025. For additional coverage, read these articles in Tax Notes: Direct File Expected to Face Scrutiny by Incoming AdministrationTax Bill Uncertainty May Dampen Business ActivityWhat to Expect From Scoring the 2025 Tax BillThe Coming Tax Package: To Count Tariffs or NotIRS Hiring Poised to Be Tested by Trump’s Remote Work DisapprovalTrump...

01-03
24:08

Year-End Collection: Tax Oddities of 2024

Send us a text Tax Notes reporters recap some of the most memorable stories they encountered in 2024, from “pig butchering” scams to a denied late-filing excuse citing Christmas stress. For additional coverage, read these articles in Tax Notes: Maine Enacts Tax Credit to Keep Portland Baseball TeamDraftKings Kills Betting Tax Surcharge ProposalDraftKings Announces Surcharge Plan on States With High Betting Taxes'Pig Butchering' Theft Losses May Evade TCJA RestrictionsMega Win for British Sn...

12-27
32:12

Making Progress: Updates on the OECD Tax Reform Plan

Send us a text Tax Notes chief correspondent Stephanie Soong recaps the latest updates from the OECD’s two-pillar project and highlights what is expected from the organization in 2025. Listen to our previous episodes on the two pillars here: An Update on Pillar 1 Amount BPillar 1 Amount B: Disagreements and DividesManal Corwin Takes the Helm: Updates on the OECD Tax Reform PlanBringing Order to Chaos? Digital Services Taxes and Pillar 1 For more coverage, read the following in Tax Note...

12-20
13:34

Planning for the Future: Succession in Tax Leadership

Send us a text Tony Santiago, founder and president of TaxSearch Inc., discusses the future of tax leadership and his recommendations for tax departments looking to create an effective succession plan. Listen to our previous episode on tax succession, "Paving the Way for the Next Generation of Tax Professionals." For additional coverage, read Santiago's articles in Tax Notes: Tax Department Leadership: Effective Succession Strategies Best Practices for Recruiting Critical Tax RolesOpti...

12-13
21:55

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