Pass-Through SALT Parity and “Steiner” Utah Supreme Court Decision With Bruce Ely
Talking Taxes In a Truck Podcast
Release Date: 02/28/2020
The CTA Compliance Wrinkle No One’s Talking About
Talking Taxes In a Truck Podcast
The Corporate Transparency Act is now in effect, imposing complex reporting requirements on every small business in the country, and many large ones too. But what if the person best equipped to assist those businesses with compliance – your local CPA --wasn’t allowed to do so? To explore this dynamic, we talked to Jim Hamill, Director of Tax Practice at the Albuquerque-based accounting firm Reynolds, Hix, and Company and an Associate Professor of Accounting at Texas A&M Commerce. Jim explains how the CTA puts tax professionals in a bind and forces them to choose between helping their...
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Tax Foundation’s Scott Hodge on the Outsized Role that Taxes Play in Our Daily Lives
Talking Taxes In a Truck Podcast
Our latest guest is Scott Hodge, who is president emeritus at the Tax Foundation and author of the excellent new book Taxocracy: What You Don't Know About Taxes and How They Rule Your Daily Life. Through the lens of history’s most ill-conceived taxes – like the “chicken tax” and 17th century “window tax” – Scott explains how tax policy shapes virtually every aspect of our lives and drives human behavior. He and Brian then discuss more recent policies, including the SALT cap and proposed wealth tax, the ongoing (and often misguided) debate over book versus tax accounting, and the...
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Eurasia Group’s Jon Lieber on the Tax Package, Elections, and More
Talking Taxes In a Truck Podcast
We’re just two weeks into the New Year and Washington is already abuzz with potential deals on spending and taxes. What’s in the bill? What’s out? Can lawmakers get it across the finish line? This week we’re joined by Jon Lieber, head of research and managing director for the United States at Eurasia Group. Jon makes the bull and bear cases for a tax package moving and how it all affects the 2025 fiscal cliff landscape. Later he discusses what’s at stake for Main Street businesses in the upcoming elections and the looming debt crisis facing the American economy.
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The State of State Taxes
Talking Taxes In a Truck Podcast
Congress may have skipped tax policy this year, but the states have been busy. To get an idea of where things stand both good and bad, we talked to Jared Walczak, Vice President of State Projects at the Tax Foundation and one of the more active players in this space. Our conversation starts with the wealth taxes several states have proposed in recent months, the important but ignored Antio case moving through the Washington State courts (look out investors!), and a quick review of the record number of states implementing rate cuts reforms this year (go states!). We close by discussing...
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Tax Grab Bag with Ryan Ellis: IRS Funding, SALTy Rumors, Year-End Tax Bill, and Mo(o)re
Talking Taxes In a Truck Podcast
Congress is in overdrive tackling its legislative to-do list and things are starting to pile up on the tax policy front. To help us keep track of it all we’re joined by repeat podcast guest Ryan Ellis, Enrolled Agent and President of the Center for a Free Economy. Ryan kicks things off with a look at the latest developments on Capitol Hill, including the election of House Speaker Mike Johnson, rumors of a SALT cap deal, and ongoing negotiations over a year-end tax package. Ryan then draws on his experience as an IRS Enrolled Agent to talk IRS funding and the tax gap, and shares his thoughts...
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George Callas on Moore: Will the SCOTUS Upend the Tax Code?
Talking Taxes In a Truck Podcast
How far will the Supreme Court go when it takes up Moore later this year? Will the IRS need to start writing refund checks? Is the entire pass-through regime in jeopardy? Can civil society survive? To answer these questions, we’re joined by repeat podcast guest and S-Corp ally George Callas, EVP of Public Finance at Arnold Ventures and a long-time respected voice in the Capitol Hill tax policy world. George breaks down the 2017 tax law, what the suit alleges, and what’s at stake for S corporations and investors alike.
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NFIB’s Kevin Kuhlman on Looming CTA Reporting Requirements and 199A Permanence
Talking Taxes In a Truck Podcast
Our latest podcast guest is Kevin Kuhlman, Vice President of Federal Government Relations at the National Federation of Independent Business (NFIB). Kevin kicks things off by recapping his testimony before the House Financial Services Committee, and explains how the Corporate Transparency Act’s reporting rules will saddle the small business community with unprecedented compliance costs and the threat of hefty fines and jail time, while doing virtually nothing to combat illicit activity. Later he discusses the strong show of support in the House for Rep. Lloyd Smucker’s Section 199A...
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Tony Simmons on the 150-Year Tabasco Legacy
Talking Taxes In a Truck Podcast
This week’s guest is Tony Simmons, the former President and CEO of McIlhenny Company and long-time Chairman of the S Corporation Association. Tony shares the history of Tabasco – starting with a single pepper plant back in 1868 and now a storied worldwide brand – as well as the importance of family-owned businesses and the role that tax policy plays in deciding whether to pass a company down from one generation to the next. This episode of the Talking Taxes in a Truck podcast was recorded on June 22, 2023, and runs 35 minutes long.
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“We’re Not Sure, But It’s Probably Not Good”
Talking Taxes In a Truck Podcast
For today’s Debt Ceiling-themed episode, we’re joined by repeat guest Joe Lieber, Director of Research at Washington Analysis, an institutional research firm that closely tracks the goings-on in Congress. Joe offers his thoughts on the debt limit negotiations and the odds of a deal being reached, the surprising dynamics within the House Republican caucus, and which provisions are likely to emerge from a potential deal. Later he breaks down how Wall Street and Main Street are reacting to the impasse, what a default on US debt would look like, and the broader implications of growing debt...
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“Testifying Ain’t Easy”
Talking Taxes In a Truck Podcast
Fresh off of her to Capitol Hill we’re joined by Lynn Mucenski-Keck, an S-CORP Advisor and Principal at top-25 public accounting firm Withum. Lynn recaps her appearance before the House Small Business Committee, including the specific tax provisions discussed, her back and forth with some of the panel’s members, and her thoughts on the whole experience. Later we discuss IRS funding, advice for aspiring CPAs, and how Artificial Intelligence might shape the accounting profession in the years to come.
info_outlineS-Corp Association President Brian Reardon talks pass-through SALT parity and the recent “Steiner” Utah Supreme Court decision with Bruce Ely, Partner and S corporation expert at the Bradley Law firm in Birmingham Alabama.
Running time: 19.16
Music from https://filmmusic.io
"Whiskey on the Mississippi" by Kevin MacLeod (https://incompetech.com)
License: CC BY (http://creativecommons.org/licenses/by/4.0/)