Tax Notes Talk

Ted Peterson, Professor at the University of North Texas Ryan College of Business, discusses the SALT deduction cap and its potential paths forward post-2025. Topics include the origins and impacts of the cap, alternatives to the policy, and various tax-related articles in Tax Notes magazines.

The podcast explores the effectiveness of carbon pricing in battling climate change, highlighting global adoption and pricing differences. It discusses challenges in implementing carbon pricing, public concerns, and alternative emissions reduction policies. The importance of international cooperation and major economies in driving progress is emphasized. Insights on carbon pricing, tax issues, and former President Trump's suggestions on tariffs are also covered.

Tax Notes managing legal reporter Andrew Velarde discusses the Supreme Court's decision in Moore v. United States, highlighting the constitutionality of the transition tax and its implications for future tax laws. The podcast explores the court's comparison of tax provisions, potential loss of tax revenue, and significance for income realization requirements and tax reforms.

Tax Notes reporter Sarah Paez discusses the tax plans of major UK political parties for the upcoming election. Topics include the Conservative Party's strategies for reducing national insurance contributions, the Labour Party's plans for new taxes like a wealth tax, and an update on the UK election landscape.

Send us a textNina Olson of the Center for Taxpayer Rights and the Tax Analysts board of directors discusses the challenges in preserving taxpayer rights in light of increasing digitalization by the IRS and tax preparation companies.   For more coverage, read these articles in Tax Notes:IRS Seeks to Procure Artificial Intelligence ToolsIRS Modernization Effort Seen as Lacking TransparencyIRS to Make Direct File Permanent, Expand It NationwideIRS Nears Decision on Fate of Direct File; Free File ExtendedAnalysis: The IRS Errs in Its Use of Math Error ProceduresABA Section of Taxation Meeting: Head of Free File Questions Need for Direct FileFollow us on Twitter:Lauren Loricchio: @LaurenLoricchioDavid Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Send us a textSusan Lanham, Amanda Thompson-Abbott, and Tom Norton of Marshall University discuss their research on the earned income tax credit’s effectiveness in alleviating poverty.   For more, read Lanham, Thompson-Abbott, and Norton's Tax Notes article, "Assessing the EITC’s Role in Poverty Alleviation."For more coverage, read these articles in Tax Notes:CBO Analysis of Taxpayer Race Data Shows DisparitiesRefundable Credit Audits Should Reflect Equity, GAO SaysData Could Help IRS Evaluate ‘Racialized Burdens’Tax Prep Industry Bashes ‘Outdated’ EITC ReportRetail Tax Prep Companies Accused of Targeting MinoritiesGAO Finds $22 Billion Sent in Error for Earned Income Tax CreditFollow us on Twitter:Alex Rifaat: @alexrifaatDavid Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Send us a textAlysse McLoughlin and Katie Quinn of Jones Walker discuss state tax implications of the Inflation Reduction Act’s clean energy credits.For more episodes on the Inflation Reduction Act energy credits, listen to:IRA Energy Credits, Part 2: Proposed Regs and What’s NextIRA Energy Credits, Part 1: History and Early GuidanceFor more coverage, read these articles in Tax Notes:IRS Guidance Amps Up Clean Electricity Tax Credit FlexibilityAnalysis: A Trap for the Unwary Purchaser of an IRA CreditFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Send us a textMonte Jackel of Jackel Tax Law discusses partnership taxation rules and the role they play in former President Trump’s ongoing IRS audit.For more, read the  article from ProPublica and The New York Times, "IRS Audit of Trump Could Cost Former President More Than $100 Million." For more on Trump's taxes, listen to Trump’s Tax Returns and the Future of Transparency. For additional coverage, read these articles in Tax Notes:Analysis: The Worthlessness Deduction for Partnership Interests: An Unguided MissileAnalysis: Assets-Over Merger Blunders on Negative AdjustmentsFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Send us a textTax Notes senior legal reporter Nathan Richman discusses the tax implications of the recent financial controversies surrounding Los Angeles Dodgers player Shohei Ohtani and his former translator.For additional coverage, read these articles in Tax Notes:Ohtani’s Ex-Translator Agrees to Plead Guilty to Tax ChargeTax May Still Come to Bat in Saga of Ohtani’s TranslatorCalifornia Proposal Would Urge Congress to Block Ohtani-Type Deferred PayOhtani's Dodgers Contract Draws California Controller's IreFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Send us a textLibin Zhang and Kristin Hickman discuss the broader implications of Moore v. United States and the challenges to the Chevron doctrine during a live recording from the American Bar Association Section of Taxation May meeting. For related episodes, listen to:What the End of Chevron Deference May Mean for TaxA Recap of SCOTUS Oral Arguments in Moore v. United StatesFor additional coverage, read these articles in Tax Notes:Late Chevron Challenge to Split-Dollar Regs Falls FlatStates Are Moving Away From Judicial Deference, Practitioners SayPost-Arguments, Moore Effect on Wealth Tax Still Up for DebateGovernment May Have Upper Hand in Moore, but Court May Go NarrowFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart