Simply Tax® Episode 135: Turkey Time Tax Talk

Thoughtware Podcast Published: Nov 24, 2021
Simply Tax Episode 135

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Conversations on tax change are picking up steam with recent developments in Washington. Frequent guest Ed Karl—vice president of taxation at the AICPA—returns to the podcast to break down the recently enacted Infrastructure Investment and Jobs Act (Infrastructure Bill) and provide the latest on the Build Back Better Act (BBBA) as we head into the Thanksgiving holiday. Here’s what’s covered:

  • The impact on the acceleration of the sunset of the employee retention credit @0:46
  • Other tax-related areas of the infrastructure bill to unpack @06:46
  • Where things stand on the BBB @10:15
  • What to watch as the reconciliation bill heads to the Senate and areas of concern regarding the tax provisions in the reconciliation legislation @19:46
  • Approaching uncertainty @33:35
  • IRS services challenges and funding @37:04

CONTACT INFORMATION FOR OUR GUEST

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 U.S. Department of the Treasury, and the IRS. Ed 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, Ed oversees the tax division’s delivery of services to members, focusing on helping AICPA members provide the highest quality professional tax services.

ADDITIONAL RESOURCES

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