Simply Tax Episode 12 – Ed Karl’s Tax Reform Carnival Update

Presenters/Authors
Pillars on a Government building

Part of the TCJA Series

SUBSCRIBE:  iTunes  |  Android  |  RSS

Guest Ed Karl—VP of taxation at the AICPA—has joined Simply Tax for several episodes, sharing his highly sought-after insight during the enactment of the Tax Cuts and Jobs Act (TCJA). Now Ed’s back in the fourth episode of our TCJA series, covering what’s next for the new tax law, the expected timeline and process for guidance and more..

Here’s what you’ll find in our latest episode:

  • Top areas where guidance is needed @ 1:14
  • Technical correction explained @ 3:09
  • Expected timeline and process for guidance @ 8:24
  • Advice on how to approach tax change @ 12:59
  • How the AICPA is managing its response @ 15:16
  • Resources at the IRS @ 17:35
  • IRS reform @ 19:42
  • Key takeaways @ 21:29
  • Guidance on Form W-4 and withholding on supplemental wages @ 22:41

GUEST BIO: Edward Karl, CPA, is the vice president of taxation at the AICPA. He’s responsible for the review, formulation and submission of technical and policy recommendations for improvement of the federal tax process to Congress, the Treasury Department and the IRS. Mr. Karl also serves as a principal liaison for the AICPA with the IRS and is responsible for tax ethical issues, which includes the management of the AICPA’s Statements on Standards for Tax Services. Finally, Mr. Karl oversees the tax division’s delivery of services to members, focusing on helping AICPA members provide the highest quality professional tax services.

Follow Ed on Twitter

ADDITIONAL RESOURCES 
Request for Immediate Guidance Regarding Pub. L. No. 115-97 – A letter from AICPA to the U.S. Treasury and IRS, dated January 29, 2018 
IRS Notice 2018-14 – Guidance on withholding rules

 


Thumbnail

How can we help you?