Talking Tax

Talking Tax

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We cover tax issues from Capitol Hill to the courts and the IRS.


Technology Means Transformation for Audit Sector
Nov 14 • 21 min
Patricia Cummings, chief risk officer and a managing partner at accounting and consulting firm Citrin Cooperman, discusses how technology is transforming the accounting and auditing environment. Artificial intelligence, data analytics, and blockchain are…
Religion and the Tax Code
Nov 7 • 13 min
In the U.S., religious practices have an unclear relationship to the tax code. Sam Brunson, a professor at Loyola University Chicago School of Law, has an idea to give some structure to the way policy makers deal with that relationship. Congress…
The View From a Global Tax Chief: EY’s Kate Barton
Oct 31 • 21 min
Kate Barton has been navigating unprecedented change in tax systems around the planet since becoming EY’s global vice chair for tax and legal services in early 2018. Trade wars and Brexit are roiling markets and expectations, and countries are scrambling…
CECL: What You Need To Know About New Bank Accounting
Oct 24 • 17 min
A new U.S. accounting standard is about to make a huge difference in what banks’ financial statements and earnings look like—and for some of them, what their future lending practices could be. The standard is known as CECL—for current expected credit…
How Are States Taxing the Income Called GILTI?
Oct 17 • 18 min
The federal tax on a category of income called GILTI—global intangible low-taxed income—has state-level implications for multinational businesses. Congress created GILTI to stop companies from shifting profits abroad through intangible assets—royalties,…
ESG Investment Boom Spotlights Corporate Disclosure
Oct 10 • 21 min
It’s a major theme for a burgeoning number of investors: concern for sustainability and social values as drivers of financial decisions. That means boom time for ESG investing—driven by examination of businesses’ environmental, social, and governance…
India Tax Dispute Plays Out at International Court
Oct 3 • 8 min
Businesses are watching India closely as the Modi government cuts taxes and takes other steps to woo investors into the enormous market. One place to watch is the Hague, where a longstanding dispute between India and Cairn Energy is playing out. Cairn…
What Are Micro-Captive Insurers?
Sep 26 • 10 min
Micro-captive insurance companies play a useful role for relatively small businesses that need to insure risks they can’t buy coverage for elsewhere. The businesses self-insure, setting up companies that are captive to their owners. Because Congress…
Weed Shops Have a Cash Problem. Can States Make It Easier?
Sep 19 • 18 min
Wads of cash. That’s how owners of recreational marijuana businesses haul in their taxes, because big banks are reluctant to work with the industry while marijuana is still illegal under federal law. U.S. states may pull in as much as $1.6 billion in…
OECD’s Saint-Amans Talks Up Global Tax Deal Prospects
Sep 11 • 13 min
“Relax a bit,” Pascal Saint-Amans advised countries that may fear losing a lot of revenue under a new global approach being developed to tax cross-border business—especially digital business. The OECD-led project toward agreement on a plan aims not to…
How Apple’s Hometown Tax Deal Grew to $70 Million
Aug 29 • 16 min
Many states and cities offer tax breaks and other incentives to lure businesses and jobs—often raising questions about the actual benefit of the expensive measures. California communities have a unique version, one that Bloomberg Tax’s Laura Mahoney shed…
Buffalo Wings and Opinions: Judge Holmes Talks Tax
Aug 22 • 26 min
U.S. Tax Court Judge Mark Holmes is one of those judges who can make a person glad to be reading a legal opinion. His judgments are often marked by wit, clarity, and pointed references to literature that illuminate a plaintiff’s plight or a point of law.…
Tax Extenders, Corrections on Capitol Hill’s Fall Menu
Aug 15 • 17 min
Some complicated tax issues face Congress when lawmakers return after Labor Day. Extenders—those expired or about-to-expire temporary tax breaks for specific groups—remain in play big-time in both House and Senate. The House Ways and Means Committee has…
$100M Donation Case Opens Window on Donor-Advised Funds
Aug 8 • 19 min
The National Philanthropic Trust calls donor-advised funds the most popular method of charitable giving—nearly a half-million accounts hold $110 billion in assets. Now a court fight between a wealthy family and a fund to which they donated stock may offer…
Trump Could Dust Off Tax Rule for French Retaliation
Aug 1 • 12 min
Countries around the world are talking about taxing the revenue of giant digital-business companies. In July, France became the first European country to enact a digital services tax—immediately drawing the ire of U.S. officials. The U.S., home of digital…
Trust Tax Questions Remain After High Court Ruling
Jul 25 • 14 min
The 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…
China Refuses US Audit Inspections. Why it matters
Jul 18 • 18 min
Effective 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…
SALT Cap Workarounds: States Try Pass-Through Taxes
Jul 11 • 9 min
When 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…
IRS Top Attorney Names Priorities Post-2017 Tax Law
Jun 27 • 33 min
Michael 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…
Buying Online? ‘Wayfair’ Tax Is Straining E-Commerce
Jun 20 • 15 min
The 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…
C Corp Conversation: Companies Vet 2017 Tax Law Options
Jun 13 • 14 min
The 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…
Global Tax Revamp Focuses on Getting Consensus by 2020
Jun 6 • 15 min
The 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…
Growing U.S. Gig Workforce Exposes Outdated Tax System
May 30 • 18 min
American 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…
Retailers Can’t Hide China Tariff Costs in Supply Chain
May 23 • 15 min
The 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…
Why India’s Digital Tax Is a Sign of the Times
May 16 • 12 min
As 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…
How a Tax Perk Can Turn a Paper Mill Into a Fish Farm
May 9 • 22 min
Place-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…
The Evolution of the Audit Industry, and What’s Next
May 2 • 16 min
It 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…
Public Coordination Key to Opportunity Zones Success
Apr 26 • 13 min
Opportunity 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 Statute Behind Neal’s Request for Trump Tax Returns
Apr 19 • 5 min
When 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…
Infrastructure Push in Congress Gets Mnuchin Boost
Mar 18 • 8 min
Improving 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…
Mnuchin Testimony Before Tax Writers Nears
Mar 11 • 8 min
Treasury 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…
Tax Writers Begin to Chart Course in New Congress
Jan 15 • 5 min
Congressional 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…
The Over/Under: Sports Betting in 2019
Jan 11 • 10 min
In 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…
Fine Tuning an Estate Plan After Death (Part 1)
Jan 9 • 18 min
Marc 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…
IRS Readies Updated Shutdown Staffing Plan
Jan 7 • 5 min
Thousands 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,…
Congress Runs Out of Time on Year-End Tax Issues
Jan 2 • 7 min
The 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.…
Partnership Audit Regulations: Where Do We Stand Now? (Part 2)
Dec 20, 2018 • 18 min
Kate 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…
UPS’ Chief Accountant Talks Leasing, Bots, and More
Dec 18, 2018 • 16 min
Software 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…
The Over/Under: Sports Betting Reaches Capitol Hill
Dec 14, 2018 • 14 min
In 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…
CAQ’s Fornelli on Audit Oversight, Trends, U.K. Debate
Dec 12, 2018 • 30 min
The 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…
Retirement Plan Provisions That Could Finally Make Their Way Through Congress
Dec 7, 2018 • 17 min
Michael 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…
A Conversation With Halliburton’s Myrtle Jones
Dec 4, 2018 • 16 min
Halliburton 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…
Tax Bill Prospects Clouded by Tight Calendar
Dec 3, 2018 • 7 min
Lawmakers 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…
Partnership Audit Regulations: Where Do We Stand Now? (Part I)
Nov 27, 2018 • 16 min
Kate 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…
Grassley Takes Back the Gavel at Senate Finance
Nov 20, 2018 • 8 min
Senator 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…
The Over/Under: Sports Betting in America
Nov 9, 2018 • 12 min
In 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…
How the IRS is Using AI and Big Data
Nov 9, 2018 • 16 min
Artificial 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…
New Congress Will Bring Oversight, Policy Changes
Nov 7, 2018 • 31 min
Congress 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…
What Are the Opportunities in Opportunity Funds?
Oct 29, 2018 • 20 min
Opportunity 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.…
Intel Unit’s Tax Appeal: Only One Judge Really Matters
Oct 26, 2018 • 12 min
Intel 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…
Midterm Results Could Alter Tax Policy Landscape
Oct 22, 2018 • 10 min
Several 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…
Altera’s Tax Saga—Is It All Just Foofaraw?
Oct 12, 2018 • 11 min
Intel 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…
House Prepares to Vote on Tax Cut 2.0 Package
Sep 25, 2018 • 6 min
The 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…
Tax Cut 2.0 Package in the Mix for September
Sep 17, 2018 • 9 min
House 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…
Altera’s Tax Saga, IRS Administrative Procedure, and the Death of a Judge
Sep 13, 2018 • 8 min
Intel 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.…
Talking Tax - Episode 77 - Do Proposed Regulations for §199A Provide Clarity for Business Owners?
Aug 23, 2018 • 13 min
Jim 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,…
Talking Tax - Episode 76 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 2)
Aug 10, 2018 • 19 min
In 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.…
Talking Tax - Episode 75 - Career Tips From 2 of Accounting’s Most Powerful Women
Aug 3, 2018 • 22 min
Taking 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…
Hill Roundtable - Episode 75 - IRS Funding Bill Coming Up for Senate Vote
Jul 30, 2018 • 8 min
The 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…
Talking Tax - Episode 74 - How the 2017 Tax Act Affects Alimony, Prenups, and Trusts (Part 1)
Jul 20, 2018 • 15 min
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 affects alimony by taking away the deduction for the spouse making the alimony payments. This is…
Hill Roundtable - Episode 74 - Republicans Fine-Tune Timing for Tax Law Changes
Jul 16, 2018 • 6 min
Republicans 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…
Talking Tax - Episode 73 - Association Health Plans
Jul 5, 2018 • 18 min
Alden 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…
Talking Tax - Episode 72 - Tax Court Issues Fewer Opinions in Second Quarter
Jul 3, 2018 • 5 min
Fewer 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…
Hill Roundtable - Episode 73 - Rettig, Tax Cut Package and More
Jul 2, 2018 • 7 min
Charles 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…
Hill Roundtable - Episode 72 - All Eyes on Hearing for IRS Nominee Rettig
Jun 26, 2018 • 8 min
The 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…
Hill Roundtable - Episode 71 - Capitol Hill Gets Involved in Tax Law Implementation
Jun 11, 2018 • 9 min
This summer is shaping up to be an important one for tax lawyers as they await regulations on some of the new tax law’s most complicated provisions. Top Treasury Department officials have said guidance on the law’s 20 percent deduction for pass-through…
Talking Tax – Episode 71 – Accountants Roll Up Sleeves to Solve Blockchain Questions
Jun 1, 2018 • 21 min
The advent of blockchain’s ledger technology brings both opportunities and challenges for accountants. A set of working groups has been tasked this summer to sort through those technical challenges—as many as 200 issues have been identified so far. The…
Hill Roundtable - Episode 70 - Lawmakers Stick To Political Talking Points on Tax Overhaul
May 22, 2018 • 7 min
Congress takes a look at IRS funding this week as lawmakers continue to hammer their partisan talking points on the 2017 tax act.
Talking Tax- Episode 70- ABA Tax Section Chair Previews Spring Meeting
May 9, 2018 • 10 min
Tax professionals will descend on Washington, D.C., May 10 for the American Bar Association tax section’s spring meeting. The conference serves as an opportunity for top government officials to address recent developments and get feedback from…
Hill Roundtable- Episode 69- Path Emerges for Tax Law Fixes; Ways and Means Openings
May 1, 2018 • 7 min
The Senate could use Federal Aviation Administration legislation recently passed by the House as a vehicle for technical corrections to the 2017 tax act. The FAA bill (H.R. 4) that advanced April 27 would reauthorize the agency to collect aviation excise…
Hill Roundtable- Episode 68- Congress Grapples With Tax Overhaul Leftovers
Apr 20, 2018 • 11 min
Congressional tax writers are aiming to shore up several tax issues—retooling the Internal Revenue Service, dealing with temporary tax provisions, and requiring online retailers to collect sales tax—left out of the 2017 tax act. The House just passed a…
Talking Tax- Episode 67- PwC’s Pam Olson Provides Status Update on Tax Law Rules
Apr 20, 2018 • 13 min
The IRS faces a long list of tasks if it plans to complete all of the items on its priority guidance plan to implement the new tax law. The Internal Revenue Service has highlighted several projects, including the pass-through deduction under tax code…
Talking Tax- Episode 66- Wayfair Tax ‘Case of Millennium’ to Have Far-Flung Impacts
Apr 19, 2018 • 21 min
On April 17, the U.S. Supreme Court heard oral arguments in the biggest state and local tax case in years. South Dakota v. Wayfair is a direct challenge to the high court’s 1992 ruling in Quill Corp. v. North Dakota, which prohibits states from imposing…
Talking Tax- Episode 65- What FY Corporations Need To Know About Tax Code Section 15
Apr 19, 2018 • 16 min
For tax years beginning after December 31, 2017, the corporate tax rate under §11(b) was amended to remove the graduated rates in favor of a flat 21%. Additionally, for tax years beginning after December 31, 2017, §55(a) was amended, repealing the…
Hill Roundtable Episode 64 -Congress Wraps Up Tax-Focused Week
Apr 13, 2018 • 9 min
House and Senate committees held several tax-focused events this week ahead of the April 17 tax filing deadline. Top Treasury Department, Internal Revenue Service, and Office of Information and Regulatory Affairs officials testified before lawmakers about…
Talking Tax- Episode 63- What Cryptocurrency Investors Need to Know for Tax Season
Apr 11, 2018 • 20 min
Lisa Zarlenga of Steptoe & Johnson, LLP, joins Talking Tax with host Andrea L. Ben-Yosef to discuss what tax advisors need to know about cryptocurreny. She discusses what cryptocurrency investors need to do as they file their returns, ICOs and airdrops…
Talking Tax- Episode 62- More Answers to Come on Interest Deduction Limitation
Apr 6, 2018 • 14 min
New guidance on a tax law change limiting interest deductibility tells taxpayers that the IRS is making progress in helping businesses deal with the change, but some of the more challenging issues have yet to be broached. Tony Nitti, a tax partner at…
Talking Tax- Episode 61- Tax Cases at the Supreme Court
Mar 23, 2018 • 16 min
It’s not every day the U.S. Supreme Court agrees to take on a tax case. The Supreme Court on March 21 decided a major tax case dealing with the obstruction of an IRS investigation when it ruled in Marinello v. United States that the Internal Revenue…
Hill Roundtable- Episode 60- Omnibus Bill Could Include Tax Law Technical Fixes
Mar 19, 2018 • 9 min
The House plans to vote this week on the omnibus spending bill that will likely include a tax change for agriculture cooperatives. In addition to the provision that rebalances the tax treatment of agriculture cooperatives and corporate grain buyers, some…
Talking Tax- Episode 59- Federal Tax Implications of Crowdfunding
Feb 15, 2018 • 23 min
Professor Charlene Luke, University of Florida Research Foundation Professor at the Levin College of Law, joins Talking Tax host Andrea Ben-Yosef to discuss the federal tax implications of crowdfunding. Professor Luke describes the different types of…
Talking Tax- Episode 58- Takeaways From the Recent ABA Tax Section Meeting
Feb 12, 2018 • 8 min
The American Bar Association Section of Taxation meeting in San Diego this month was all about how IRS and Treasury officials view the new tax law. The tax reform bill becoming law is only the first step: the Internal Revenue Service and Treasury…
Talking Tax - Episode 57- Differences in Pass-through, C Corporation Taxation
Jan 29, 2018 • 18 min
The new tax law lowers the corporate tax rate to 21 percent—a change that some lawmakers have suggested could prompt pass-through entities to convert to C corporations. Michael D’Addio, a principal in the New Haven, Conn., office of Marcum LLP who…
Hill Roundtable- Episode 56- Federal Tax Priorities for the Coming Year
Jan 22, 2018 • 12 min
Congress now has a host of smaller tax issues to contend with after passing legislation overhauling many aspects of the Internal Revenue Code. The Republican-led House Ways and Means and Senate Finance committees are looking at ways to make corrections…
Talking Tax - Episode 55 - Bloomberg Tax Advisory Board Members Dissect New Tax Law
Jan 18, 2018 • 27 min
The new tax law made extensive changes to the U.S. tax code, setting up a massive need for stakeholders to understand the law’s complexities and possibly rethink their tax plans. Bloomberg Tax reporters Sony Kassam and Laura Davison and news editor…
Talking Tax- Episode 54- The European Union and the Digital Economy
Jan 10, 2018 • 27 min
Gary D. Sprague of Baker McKenzie joins Talking Tax with host Dolores Gregory for a discussion of the EU’s efforts to tax the “digital economy.” Gary is a regular contributor to the TM International Journal. In a recent column, he raised concerns about an…
Hill Roundtable- Episode 53- Getting into the Weeds of the New Tax Law
Jan 2, 2018 • 10 min
The Internal Revenue Service and Treasury Department are gearing up to implement the new tax law, a significant undertaking that will be their focus for 2018. At the same time, lawmakers will likely face the need to change some parts of the law as…
Talking Tax- Episode 52- Bitcoin: Investment and Trading Tax Issues
Dec 21, 2017 • 25 min
Jim Calvin, of Deloitte LLP, joins Talking Tax with host Andrea L. Ben-Yosef to discuss bitcoin and how to view it from a tax perspective. Calvin explains how bitcoin works; addresses the most common questions he gets from clients about issues such as…
Talking Tax- Episode 51- Deloitte Talks Major Shifts in International Tax Policy
Dec 20, 2017 • 14 min
The GOP’s final tax bill includes significant changes in international tax policy. Jon Traub, managing principal for tax policy at Deloitte Tax LLP, and Chris Trump, a principal at Deloitte Tax who specializes in international taxation, join Talking Tax…
Talking Tax- Episode 50- AMT Survival and Pass-Through Provisions: EY Talks Tax Reform
Dec 11, 2017 • 32 min
Lawmakers will need to hash out final details on the individual side of the tax code if they want to meet their end-of-the-year deadline to pass tax reform legislation. Ernst & Young LLP’s U.S. tax reform leader Justin Shafer co-hosts an episode of…
Talking Tax- Episode 49- A Tax Reform Discussion Featuring KPMG
Dec 6, 2017 • 10 min
Congress is getting closer to enacting major tax legislation by the end of the year, but first the House and the Senate will have to reconcile key differences in their bills—a task that could prove difficult. John Gimigliano, principal in charge of the…
Hill Roundtable- Episode 48- Negotiations Begin After Senate Clears Bill
Dec 4, 2017 • 6 min
House and Senate lawmakers will begin to reconcile their tax plans this week with the hope of getting a bill to President Donald Trump before the end of the year. The House and Senate bills are now more closely aligned in how they approach deemed…
Talking Tax- Episode 47- The Interplay of Multiple Agency Guidance on Wellness Programs
Nov 22, 2017 • 24 min
Employers often offer wellness programs to promote employee health and reduce medical costs. Alan Tawshunsky of the Tawshunsky Law Firm PLLC in Washington sits down with Talking Tax host Andrea Ben-Yosef, an acquisitions manager with Bloomberg Tax’s Tax…
Hill Roundtable- Episode 46- Tax Reform Still Possible by End of Year
Nov 21, 2017 • 7 min
Republicans in Congress will have to navigate through tricky procedural, political, and policy hurdles to push through tax reform by year’s end. Reporter Laura Davison spoke with Talking Tax host Matthew Beddingfield on Nov. 21 about the GOP’s chances for…
Talking Tax- Episode 45- A Tax Reform Discussion Featuring Dave Camp
Nov 15, 2017 • 10 min
Dave Camp, former chairman of the House Ways and Means Committee and now a senior policy adviser for PricewaterhouseCoopers, joins Talking Tax host Allyson Versprille to discuss how he sees the legislative process playing out for the GOP’s tax plan. This…
Talking Tax- Episode 44- A Tax Reform Discussion Featuring EY, Part 2
Nov 14, 2017 • 26 min
The Senate tax plan released Nov. 9 and amendments to the House bill (H.R. 1) bring new considerations for tax professionals as Republicans press forward with tax reform efforts. Bloomberg Tax reporter Allyson Versprille hosts this week’s Talking Tax…
Talking Tax- Episode 43- Navigating the New Partnership Audit Rules
Nov 7, 2017 • 29 min
Lisa Starczewski, of Buchanan Ingersoll & Rooney PC, joins Talking Tax with host Andrea Ben-Yosef to give an overview of the new partnership audit rules and proposed regulations. Starczewski highlights some of the more important aspects of the new…
Talking Tax- Episode 42- A Tax Reform Discussion Featuring EY
Nov 3, 2017 • 21 min
The Tax Cuts and Jobs Act (H.R. 1) is here, and with it come several considerations for practitioners if the GOP tax reform effort is successful. Bloomberg Tax’s Matthew Beddingfield hosts this week’s Talking Tax alongside EY’s U.S. Tax Reform Leader…
Hill Roundtable- Episode 41- Path to Tax Reform Continues, GOP Bill Coming Next Week
Oct 27, 2017 • 5 min
Congressional Republicans expect to release a tax bill Nov. 1, and House leaders say they want to hold a vote by Thanksgiving. Reporters Colleen Murphy, Kaustuv Basu, and Laura Davison spoke with Talking Tax host Matthew Beddingfield on Oct. 27 about the…
Hill Roundtable- Episode 40- Budget Passage Paves Way for GOP Tax Reform Bill
Oct 20, 2017 • 6 min
The Senate has passed a budget that opens the door for Republicans to move forward with their tax plan, possibly in the coming week. Reporters Colleen Murphy, Kaustuv Basu, and Laura Davison spoke with Talking Tax host Matthew Beddingfield on Oct. 20…
Hill Roundtable- Episode 39- Budget Is Must-Do Before GOP Tax Plan Moves Forward
Oct 13, 2017 • 7 min
The Senate still needs to pass a budget that includes reconciliation instructions before Republicans can move forward with their tax plan in the next few weeks. Reporters Colleen Murphy and Laura Davison spoke with Talking Tax host Matthew Beddingfield…
Hill Roundtable- Episode 38- : Tax Framework Moves GOP Reform Efforts Forward
Sep 29, 2017 • 7 min
The GOP tax reform framework was released Sept. 27, but questions remain about how the plan will be paid for. Reporters Colleen Murphy and Laura Davison spoke with Talking Tax host Matthew Beddingfield about the plan, and the time crunch the party faces…
Hill Roundtable- Episode 37- GOP Hopeful Tax Plan Details Will Drive Reform Efforts
Sep 18, 2017 • 7 min
House Ways and Means Committee Chairman Kevin Brady (R-Texas) said details of the GOP’s new tax reform plan will be revealed the week of Sept. 25. Reporters Colleen Murphy and Laura Davison spoke with Talking Tax host Matthew Beddingfield about the…
Hill Roundtable- Episode 36- Midterm Election Deadline Looms Over Tax Reform Efforts
Sep 11, 2017 • 7 min
House Ways and Means Committee Chairman Kevin Brady (R-Texas) and House Speaker Paul D. Ryan (R-Wis.)are confident that tax reform will be passed this year. Reporters Colleen Murphy and Laura Davison spoke with Talking Tax host Matthew Beddingfield about…
Hill Roundtable- Episode 35- GOP Takes Tax Reform Campaign on the Road
Aug 25, 2017 • 5 min
House Speaker Paul D. Ryan (R-Wis.) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) are taking their pitch for tax reform across the country. Reporter Kaustuv Basu spoke with Talking Tax host Matthew Beddingfield about the GOP campaign…
Portfolio Podcast- The Minefields of Estate Planning and Carried Interest
Aug 17, 2017 • 20 min
Navigating the complexities of estate planning with carried interest can quickly become a daunting task. N. Todd Angkatavanich, David A. Stein, and Andrew Haave of Withers Bergman LLP authored a Bloomberg BNA portfolio on the topic that walks readers…
Hill Roundtable- Episode 33- Looking Ahead to Post-Recess Tax Reform Action
Aug 7, 2017 • 6 min
Senate Finance Committee Chairman Orrin G. Hatch (R-Utah) says Republicans will “hit the rich” in tax reform. Reporters Kaustuv Basu and Colleen Murphy spoke with Talking Tax host Matthew Beddingfield about the GOP’s tax reform efforts as Congress is out…
Tax & Accounting Podcast- Episode 32- GOP Plans Next Move After Health Care Bill Collapse
Jul 31, 2017 • 6 min
Senate Republicans failed to repeal the Affordable Care Act last week, but efforts to pass health care legislation may not be over yet. Reporters Laura Davison, Kaustuv Basu, and Colleen Murphy spoke with Talking Tax host Matthew Beddingfield about the…
Tax & Accounting Podcast- Episode 31- House Budget Faces Challenges Out of the Gate
Jul 21, 2017 • 8 min
The House fiscal year 2018 budget resolution, which is the key to the GOP’s full tax reform package, is facing difficulties as moderate and conservative Republicans have already attacked the measure. Reporters Laura Davison and Colleen Murphy spoke with…
Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote
Jun 23, 2017 • 8 min
The Senate is likely to vote the week of June 26 on a draft health care bill that would repeal the Affordable Care Act’s taxes. Senate Republicans are working to compromise on various aspects of the legislation. Reporters Laura Davison and Colleen Murphy,…