Former IRSAC Chair Annette Nellen joins Roger and Annie to discuss critical challenges facing the IRS and tax administration. The conversation explores the growing tax gap, the importance of consistent IRS funding, and efforts to modernize taxpayer services through online accounts and digital solutions. The discussion also delves into proposals for tax preparer regulation, continuing education requirements for enrolled agents, and the complexities of implementing cryptocurrency reporting requirements.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

(00:00) - Welcome to Federal Tax Updates
(01:19) - Introducing Special Guest Annette Nellen
(02:10) - Understanding the ERSAC Annual Report
(05:24) - Deep Dive into the Tax Gap
(07:36) - IRS Funding and Its Impact
(18:48) - Tax Literacy and Education Challenges
(25:32) - Modernizing the IRS and Funding
(30:17) - IRS Hiring Challenges and Misconceptions
(31:32) - Impact of Potential Hiring Freeze
(33:12) - IRS Strategic Operating Plans and Online Accounts
(36:38) - Technological Advancements and Challenges
(43:32) - Practice Management and Professional Development
(47:36) - Regulating Tax Return Preparers
(52:05) - Digital Currency and Cryptocurrency Regulations
(55:07) - Conclusion and Final Thoughts

Connect with Annette Nellen
https://www.linkedin.com/in/annette-nellen-7448824

IRSAC Report
https://www.irs.gov/pub/irs-pdf/p5316.pdf

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Using Available Weather Data