Corporate Transparency Act Ruled Unconstitutional
Description
In this episode, Roger Harris is joined by special guest Blake Oliver to unpack some of the biggest tax stories making headlines. From a federal court ruling deeming a new business reporting law unconstitutional to the staggering estimates of tax evasion by the wealthy. They also dive into the IRS's foray into direct filing for simple returns, the potential role of AI in tax preparation, and how states rank in their tax climates for businesses.
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- (00:00 ) - Welcome To Federal Tax Updates
- (01:11 ) - Special Guest Blake Oliver Joins the Show
- (02:36 ) - Diving into the Controversial Federal Court Ruling on Company Reporting Law
- (05:39 ) - Exploring the Implications of the Unconstitutional Ruling for Small Businesses
- (18:54 ) - IRS's Efforts to Tackle Tax Evasion by Millionaires and Billionaires
- (29:49 ) - The IRS Direct File System: A Move Towards Free Tax Filing
- (30:36 ) - Exploring the IRS's New Tax Filing Program
- (31:19 ) - The Cloud Accounting Podcast Begins
- (31:36 ) - Potential Impact on Tax Preparers
- (33:10 ) - Limitations and Design of the New Tax Tool
- (34:50 ) - The Complex World of Business Returns
- (36:06 ) - AI's Role in Tax Preparation: Hopes and Hurdles
- (42:30 ) - IRS's Paperwork Problem and Electronic Filing
- (47:42 ) - State Business Tax Climate Index: The Best and Worst States
- (56:15 ) - Closing Thoughts and Future Discussions
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Roger Harris
Annie Schwab
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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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