Expert insights on the future of tax reporting for digital assets
Release Date: 05/15/2025
Tax planning unleashed
Tax Section Odyssey
In this episode, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, sits down with , to unpack key year-end tax planning strategies. They dive into new opportunities for individuals and businesses under the H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA), including the increased state and local tax (SALT) cap, expanded deductions and the return of immediate expensing for domestic research and development (R&D) costs. Tune in for practical insights on proactive planning and multi-year modeling to help clients maximize benefits under the new law....
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Government Shutdown & IRS Updates
Tax Section Odyssey
In this joint Tax Section Odyssey and Journal of Accountancy (JofA) podcast episode, host Neil Amato discusses the impact of the recent and ongoing federal government shutdown on IRS operations and tax practitioners with Melanie Lauridsen, VP of Tax Policy & Advocacy at the AICPA. The conversation covers the history and mechanics of government shutdowns, what we know about IRS contingency plans and the practical effects on taxpayers and professionals. Listeners can also gain timely insights into recent developments such as the transition away from paper refund checks and implementation of...
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Decoding Tax Misinformation on H.R. 1 with Annette Nellen
Tax Section Odyssey
In this joint Tax Section Odyssey and Journal of Accountancy (JofA) podcast episode, host Neil Amato sits down with tax expert Annette Nellen, Esq., CPA/CGMA, to discuss the latest developments in tax legislation, specifically H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA). Annette shares her insights on the new tax provisions, effective dates and the importance of accurate information and research in the tax field. This episode also serves as a preview of the upcoming National Tax Conference in Washington, D.C., where Annette will be speaking on key tax updates...
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Navigating recent IRS guidance on R&E expenses
Tax Section Odyssey
In this episode, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, delves into the recently issued IRS Rev. Proc. 2025-28 with . Tune in to discover the implications of this IRS guidance and hear about the strategic decisions businesses can make to take advantage of presented opportunities. What you’ll learn from this episode: Details of Rev. Proc. 2025-28 Changes made by H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA) to Sec. 174 research & experimental (R&E) expenditures Options for small businesses to be able...
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Unlocking the future of tax research with AI
Tax Section Odyssey
In this episode, , and , discuss the integration of artificial intelligence (AI) in tax research. They sift through the best practices for using AI tools, the importance of asking the right questions and the future of AI in the tax profession. The conversation also touches on the potential risks and cautions associated with using AI, emphasizing the need for professional judgment and client confidentiality. What you’ll learn from this episode: How to integrate AI tools into your tax research workflow Ways to evaluate AI output to determine accuracy The top cautions and risks...
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ERC — Legislative updates to processing and examinations
Tax Section Odyssey
On this episode, Chris Wittich, MBT, CPA, Partner — Boyum Barenscheer, joins again to discuss the latest updates on the employee retention credit (ERC) from H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA). Chris discusses how the legislation affects ERC claims and the implications for businesses with pending claims. He also delves into the extension of the statute of limitations for examination. What you’ll learn from this episode: What H.R. 1 changes about ERC claims processing An update on ERC claims processing What the extension of the statute...
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BBB Crossover Special: Tax and planning strategies under the new law
Tax Section Odyssey
In this joint episode with the Personal Financial Planning (PFP) Section podcast, host Cary Sinnett, Senior Manager, Personal Financial Planning — AICPA & CIMA, further discusses the latest tax legislation with guests and . Hear insights on the recently passed tax legislation, implications for clients and important considerations for tax professionals now that the bill has been passed signed into law on July 4, 2025. What you’ll learn from this episode: Discussion of what the permanent TCJA tax brackets and QBI deduction mean for tax planning Details on the new...
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Latest Tax Proposals: Real-time Tax and Financial Planning Conversations
Tax Section Odyssey
In this joint episode with the Personal Financial Planning (PFP) podcast, host April Walker, CPA, CGMA, Senior Manager — AICPA & CIMA, discusses the latest tax legislation with guests and . Hear insights on current tax legislation, implications for clients and important considerations for tax professionals. What you’ll learn from this episode: The next steps for this pending legislation Key points about state and local tax (SALT) cap, pass-through entity tax (PTET) and Sec. 199A, Qualified Business Income (QBI) provisions Legislative take on Sec. 174 R&E...
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Maximizing Your Conference Experience: Tips and Strategies for Success
Tax Section Odyssey
This discussion with , covers three key phases related to making the most of attending professional conferences: pre-conference preparation, strategies for networking and attending sessions during the conference and post-conference activities to reinforce learning and capitalize on connections. The conversation includes practical tips for setting clear goals, engaging with vendors, navigating networking events and balancing various activities to ensure a productive and enjoyable conference experience. What you’ll learn from this episode: How to plan your schedule in advance and...
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PTET SALT deduction: AICPA’s “No. 1 priority”
Tax Section Odyssey
Note: This episode was recorded on Wednesday, May 21, 2025, prior to the House of Representatives vote early Thursday morning May 22, 2025 — 215 in favor, 214 opposed, 1 voting present. See this for updates on the bill that occurred overnight prior to the vote. In this joint episode with the JofA podcast, host Neil Amato discusses with Melanie Lauridsen, Vice President of Tax Policy & Advocacy for the AICPA, the AICPA’s perspective on several aspects of the budget bill that was voted and approve by the House of Representatives in the early morning hours of May 22, 2025. What...
info_outlineThis discussion with Nik Fahrer, Director and Digital Assets practice leader at Forvis Mazars, and Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, centers around the complexities of digital asset tax reporting. The conversation highlights the importance of accurate tracking and reporting of digital asset transactions, the nuances of the new regulations and the need for tax practitioners to stay informed and seek expert assistance.
What you’ll learn from this episode:
- Current tax reporting regime for Form-DA, Digital Asset Proceeds From Broker Transactions.
- The distinctions between custodial and non-custodial brokers
- Anticipated compliance challenges due to the complexity of digital asset transactions.
- The importance of accurate tracking of digital asset transactions and cost basis, including why using software is a good idea.
AICPA resources
Digital assets and virtual currency tax guidance and resources — Sharpen your tax knowledge on digital asset and understand the tax complexities and strategies involved with virtual currency and cryptocurrency.
Demystifying IRS guidance on digital assets | Tax Section Odyssey — This podcast episode from October 2024 discusses the details of IRS Rev. Proc. 2024-28.
Other resources
Final Regulations 2024-07-09 — Guidance on gross proceeds and basis reporting by brokers and determination of amount realized and basis for digital asset transactions.
Rev. Proc. 2024-28 — Guidance to allocate basis in digital assets to wallets or accounts as of Jan. 1, 2025.