Tax Notes Talk

Send us a textGarrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions. For additional coverage, read these articles in Tax Notes:Tax Pros Wary of Overly Inclusive Crypto Reporting RegsDecentralized Exchanges Considered Brokers Under Proposed RegsProposed Regs Provide Guidance on Digital Asset Sales and ExchangesFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***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 reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response. For more on the foreign tax credits, listen to "The Final Foreign Tax Credit Rules: Complaints and Confusion."For additional coverage, read these articles in Tax Notes:IRS Says It Anticipates Extending FTC Relief Notice Another YearTreasury to Publish FTC Guidance on Pillar 2 Taxes by Year-EndGOP Taxwriters to Air Grievances to OECD Leaders in EuropeSilicon Valley Asks IRS to Extend Foreign Tax Credit ReliefJohnson & Johnson Sees $500 Million Tax Benefit From FTC Reg DelayIRS Offers Temporary Relief From Foreign Tax Credit RulesIn our “Editors’ Corner” segment, Christopher Moran, counsel at Venable LLP in Baltimore, chats about his coauthored Tax Notes piece, “Proposed Energy Credit Regulations Limit Clean Energy Investment.” Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Exploring the connection between tax policy and democracy, including the impact of tax secrecy jurisdictions. Analyzing how tax policies in democratic countries are misaligned with democratic goals. Discussion on the negative perception of taxes and its relationship with democracy. Proposing a new approach to tax reform and exploring ideas from other countries. Introduction of a new segment and announcement of the addition of 'procedurally taxing' to the tax note suite of federal products.

Send us a textTax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. For additional coverage, read these articles in Tax Notes:GOP Taxwriters to Air Grievances to OECD Leaders in EuropeOnce Upon a Time: Bipartisan Senate Group OK’d $40B for IRSState SALT Workarounds Cost Feds at Least $10 Billion AnnuallyDemocrats Drew Line in Sand for IRA Provisions but Left IRS OutEndgame for Tax Legislation Extra Murky as Budget Impasses LoomR&D Expensing Revamp Tops Wish List for Year-End Tax TalksOne Year Later, IRA’s Clean Energy Credits Remain Unknown to ManyGOP SALT Cap Plans Overwhelmingly Benefit Wealthy, Report SaysFollow us on Twitter:Cady Stanton: @cady_stantonDoug Sword: @doug_swordDavid Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

John McGowan of HubSync discusses the role of artificial intelligence in the tax field. Topics include how AI can enhance tax processes, the impact of generative AI in tax and accounting, limitations of AI in data security and ethics, the future of AI technology, and addressing skepticism about job displacement.

Send us a textTax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it. For additional coverage, read these articles in Tax Notes:Analysis: Scoping-Criteria Dispute Overshadows Amount B ProgressAnalysis: OECD Agreement on Amount B Tax Deal Remains ElusiveFollow us on Twitter:Ryan Finley: @ryanmfinleyDavid 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 textTom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent rise in misleading promotions and fraudulent ERC claims, and the IRS’s response.For additional coverage, read these articles in Tax Notes:Employee Retention Credit a ‘Great Concern’ for IRS, Werfel SaysIRS May Face Constraints in Quest to Curb ERC AbuseW&M Panel Considers Amnesty for Fraudulent ERC PaymentsWerfel Drops Hint, Seeks Early End to Employee Retention CreditIRS Zeroes In on Erroneous Employee Retention Credit ClaimsIRS Hard Line on ERC Eligibility Earns Kudos From Tax ProsPayroll Companies Likely Contributing to Mistaken ERC ClaimsIn our “Editors’ Corner” segment, Naomita Yadav, a partner at Withers in San Francisco, chats about her Tax Notes piece, “Sparing No One: Cross-Border Taxation of Globally Mobile Individuals,” the second in a two-part series. Follow us on Twitter:Caitlin Mullaney: @MullaneyWritesDavid 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 White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax.For additional coverage, read these articles in Tax Notes:National Economic Council Touts Impact of Biden Tax IncentivesBiden Extols the Virtues of ‘Bidenomics’Treasury Links Construction Surge to CHIPS and IRA CreditsFollow 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 textManal Corwin, the new director of the OECD's Centre for Tax Policy and Administration, discusses her vision for the organization and the latest updates on the inclusive framework and two-pillar project. For additional coverage, read these articles in Tax Notes:Vietnam Proposes Global Minimum Tax Rules to Apply in 2024BIAC Calls for More Consultations on Global Minimum Tax RulesU.K. Adopts Accounting Standard Changes for Pillar 2 Tax RulesBeyond the Numbers: Another Look at the JCT Pillar 2 ReportDigital Taxes Won’t Go Away Anytime Soon, U.N. Official SaysAutonomous Business Activities Exempt From OECD Amount A Tax RulesOECD Seeks Simpler Transfer Pricing With Amount B ConsultationCountries Advance Pillar 1 Adoption, Extend Digital Tax FreezeFollow us on Twitter:Stephanie Soong: @StephanieSoongDavid 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 textProfessor Hank Adler of Chapman University discusses the income realization requirement dispute in the transition tax case Moore v. United States before the Supreme Court, and its implications on the U.S. tax system. For additional coverage, read these articles in Tax Notes:News Analysis: Limiting the Fallout From MooreSupreme Court to Hear Transition Tax Case With Vast ImplicationsFollow 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