Tax Notes Talk

Katie Quinn of McDermott Will & Emery LLP discusses the state tax implications of the COVID-19 pandemic with Tax Notes senior reporter Lauren Loricchio.For additional coverage, read these articles in Tax Notes:Telework Could Trigger Withholding Changes in Some StatesCARES Act Could Compound 163(j) Issue for Separate FilersState Bills Would Clarify Exemption of Federal Stimulus ChecksWith Tax Deadlines Extended, States Offer Relief on Fines and FeesCARES Act Interest Limitation Relief Could Have State Tax EffectsStates Could See Revenue Losses Under Federal Stimulus BillAll Tax Notes news coverage and analysis of the coronavirus pandemic is now free and accessible to the public: taxnotes.com/coronavirus-tax-coverage**CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Faye McCrayShowrunner: Paige JonesAudio Engineers: Derek Squires, Jordan ParrishGuest Relations: Nicole White

E. Martin Davidoff, the head of tax controversy at Prager Metis, discusses how the IRS and tax practitioners are handling tax changes and working from home as a result of the coronavirus pandemic with Tax Notes senior reporter Paul Jones.For additional coverage, read these articles in Tax Notes:Business of Tax: The Strangest Filing Season in MemoryIRS Phone Lines May Reopen as Agency Adjusts to ‘New Reality’IRS Opens the Floodgates on Tax Deadline ReliefLaw and Accounting Firms vs. COVID-19E-Services Help Desks Among Latest IRS Facilities Halted by VirusIn our new segment "In the Pages," Tax Notes Executive Editor for Commentary Jasper Smith discusses with contributing editor Ben Willis about his recently published article about former Vice President Joe Biden's COVID-19 tax plan.All Tax Notes news coverage and analysis of the coronavirus pandemic is now free and accessible to the public: taxnotes.com/coronavirus-tax-coverage**CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Faye McCrayShowrunner: Paige JonesAudio Engineers: Derek Squires, Jordan ParrishGuest Relations: Nicole White

Omri Marian, the academic director of the Graduate Tax Program at the University of California, Irvine, discusses his role in preparing the next generation of tax professionals and virtual teaching during the coronavirus pandemic with Tax Notes reporter Jonathan Curry.For additional coverage, read these articles in Tax Notes:Virtual Paper Chase — Law Schools Transition to Online ClassesBusiness of Tax: AI Brings Uncertainty and Opportunity to Tax PracticeBusiness of Tax: International Tax, So Hot Right NowBusiness of Tax: The Emergence of the High-Tech AccountantBusiness of Tax: Why Aren’t Accounting Firms Hiring Accountants?**CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Faye McCrayShowrunner: Paige JonesAudio Engineers: Derek Squires, Jordan ParrishGuest Relations: Nicole White

Mark Gasbarra, founder and national managing director of the firm Forte International Tax LLC, discusses how practitioners navigate the interconnected provisions of the Tax Cuts and Jobs Act with Tax Notes contributing editor Benjamin M. Willis.In an extended edition of Coming Attractions, Tax Notes Executive Editor for Commentary Jasper Smith chats with Jeffrey Wong, professor and department chair in the Department of Accounting at the University of Nevada, Reno, about his upcoming article on how CPA firms are responding to the COVID-19 crisis.**CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Faye McCrayShowrunner: Paige JonesAudio Engineers: Derek Squires, Jordan ParrishGuest Relations: Nicole White

Nicole Kaeding, vice president of policy promotion and economist with the National Taxpayers Union Foundation, discusses the Coronavirus Aid, Relief, and Economic Security (CARES) Act.For additional coverage, read these articles in Tax Notes:CARES Act Means Crunch Time for IRS and TreasuryCARES Act Retirement Relief Appears OptionalCoronavirus Relief Act Fixes NOL Legislative QuirksCARES Act Has Negative ‘Knock-On' Effects for International TaxBusiness of Tax: Planners Should Take Care Giving CARES Act AdviceTrump Signs $2 Trillion Coronavirus Aid BillAll Tax Notes news coverage and analysis of the coronavirus pandemic is now free and accessible to the public: taxnotes.com/coronavirus-tax-coverage

Martin Sullivan, the chief economist with Tax Analysts, says the U.S. is headed toward a recession unlike any other due to the economic fallout of the coronavirus pandemic and how to find relief.For additional coverage, read these articles in Tax Notes:Economic Analysis: Emergency Tax Deferrals to Massively Boost Cash FlowEconomic Analysis: Rx for the Coronavirus EconomyNews Analysis: Who Gets Emergency Paid Leave?Revisions to House Bill Scale Back Employee Paid LeaveEmergency Legislation Mandates and Partially Subsidized Employee Paid LeaveAll Tax Notes news coverage and analysis of the coronavirus pandemic is now free and accessible to the public: taxnotes.com/coronavirus-tax-coverage

Beverly Winstead, director of the University of Maryland’s Low-Income Tax Clinic, shares how the coronavirus pandemic has affected her as a practitioner and professor with Tax Notes Executive Editor for Commentary Jasper Smith.For additional coverage, read these articles in Tax Notes:IRS Confirms: No April 15 Return Filing ExtensionVirtual Paper Chase — Law Schools Transition to Online ClassesStill No Word From IRS on Virus-Affected Service LevelsTax Pros Skeptical of IRS Payment Deferral, but Welcome ReliefTax Pros Fear Procrastination, Workload From Filing ExtensionIRS Creates New Site for Coronavirus-Related Information

Tax Notes Today reporter Aaron Davis discusses the recent state efforts to clamp down on tax-incentive bidding wars by forming a multistate compact.In the latest installment of Willis Weighs In, Tax Notes contributing editor Benjamin Willis discusses PLR 202009002 and its greater application.For additional coverage, read these articles in Tax Notes:States Push for Cooperation Over CompetitionConnecticut Looks to Join Interstate Incentives CompactQuestions Raised by Multistate Plan to Eliminate IncentivesRhode Island Lawmakers File Tax Incentive Compact BillArizona Bill Backs Interstate Tax Incentives CompactKansas-Missouri Incentives War Ends in Truce

Eric Hylton, the new head of the Small Business/Self-Employed Division at the IRS, discusses employment tax, recent high-income nonfiler visits, and data analytics. For additional coverage, read these articles in Tax Notes:IRS Expects to Hire 50 Percent More Collections Staff by Year’s EndIRS Increases Effort to Fight Abusive Microcaptive TransactionsIRS May Extend Microcap Settlement Offer to More TaxpayersIRS Looking for Promoter Links as Easement Crackdown GrowsEnforcement Push Puts Taxpayer Rights at Risk, Olson FretsOfficials Looking for Criminal Microcaptive CasesSB/SE Ramping Up Community Enforcement and VisibilityCriminal Fraud Referrals to Get Bigger Focus in SB/SEIRS Leadership Shuffle Continues With New Division Chiefs

Yue “Daisy” Dai, a professor at the Shanghai University of Finance and Economics, describes life in China during the coronavirus outbreak.She also discusses the tax policy measures the country is using to combat the pathogen. Read her piece published in Tax Notes.For additional coverage, read these articles in Tax Notes:Hong Kong Proposes Waivers for Personal and Business TaxesItaly Delays Tax Payments for Area Under Coronavirus QuarantineChina Announces Tax Measures in Response to CoronavirusHong Kong Tax Agency Suspends Services Because of CoronavirusIn the latest installment of Willis Weighs In, Tax Notes contributing editor Benjamin Willis discusses the IRS's cryptocurrency guidance and its failure to properly address tax-free forks. Read his piece published in Tax Notes.