Tax Chats

Send us a textScott and Jeff Discuss the upcoming Supreme Court case, Moore v. USA, with Jake Brooks, a professor of law at Fordham University. Jake explains that Mr. and Mrs. Moore held shares in an Indian corporation , and, as  a result of the Tax Cuts and Jobs Act of 2017, faced some $15,000 in taxes. They claim that this tax is unconstitutional, and, the case has implications for many features of our current tax code,  for the TCJA in general, as well as the hopes some  have of taxing unrealized capital gains or a wealth taxation more broadly.

Send us a textIn honor of the first birthday of the Inflation Reduction Act (IRA), Jeff and Scott discuss the major provisions of the IRA, and references the episodes they have recorded about these provisions. They discuss the green incentives and their changing estimated cost, and, the three major way the IRA was intended to pay for those  incentives--a tax on adjusted financial statement income (which celebrated its first CAMT-iversary),  increasing the budget at the IRS,  and an excise tax on share repurchases.They reference the following past coverage on IRA provisions on Tax Chats:Episode 101: Transferable tax credits in the Inflation Reduction Act. A Chat with Gary HecimovichEpisode 86: Tax Credit Markets: A Chat with Bryen AlperinEpisode 79: Taxing Stock Buybacks: A Chat with Daniel HemelEpisode 76: How will corporations respond to the tax on book income? A chat with Todd CastagnoEpisode 65: Un-Adjusting the Tax Code by Taxing Adjusted Financial Accounting Income in the Inflation Reduction ActEpisode 62: Does the IRS really have guns? Debunking some recent fear mongeringEpisode 61: The Book Minimum Tax -- A Compilation of Thoughts

Send us a textThe tax law allows taxpayers to trade one piece of property for another piece of property and not recognize any taxable gain. These exchanges are called like kind exchanges, and, in this episode, we chat about them with Eric Tellekamp, a managing director at BDO.

Send us a textJeff and Scott chat with Jenny Williams, Tax Administrator with Chatham County, North Carolina. We discuss the ins and outs of property tax collection, including garnishing wages, repossessing assets, and foreclosing on real property. We talk about how the county manages to collect over 95% of property taxes owed. We bust a few myths about property taxes in the process. 

Send us a textWe chat with  James Freeman about Filing for Freedom, a non-profit organization that helps military personal comply with the tax law by aiding in the tax return filing process. 

Send us a textHistorian Ben Carp talks with us about the role of taxes in the American revolution. Among many other things, we discuss whether taxes were the only grievance the colonists had against Britain, how heavily the colonies were taxed relative to the English in England, and, most importantly, how much of a party was the Boston tea party.Ben is the author of several books, including, relevant to our discussion today, "Defiance of the Patriots: The Boston Tea Party & the Making of America" and most recently, "The Great New York Fire of 1776: A Lost Story of the American Revolution"

Send us a textScott and Jeff chat with Gary Hecimovich about the transferability of tax credits in the post-IRA world, including the markets for tax credits, and how non-profits can now take advantage of the new green energy incentives provided in the Inflation Reduction Act.

Send us a textJeff and Scott Chat with Kelly Necessary, a Partner at FORVIS, a large public accounting firm.  We chat with Kelly about the role of automating routine tax tasks that historically have been very time consuming. We also talk about whether opening envelopes can be mechanized. 

Send us a textScott and Jeff chat with Joel Slemrod, Professor of Economics at the University of Michigan about tax research over the past 30 years.

Send us a textIn this episode, Scott and Jeff chat with Berkeley Professor of Marketing Sarah Moshary about the Pink Tax. Sarah and co-authors have written a paper that systematically examines the issue.