Tax Notes Talk

Professors Bridget Crawford and Victoria Haneman discuss the estate and gift tax and how it could apply to the gifts received by Supreme Court Justice Clarence Thomas. For additional coverage, read these articles in Tax Notes: Harlan Crow Dodges Wyden Request for Details on Thomas Gifts Wyden May Pursue Harlan Crow’s Tax Records Wyden Asks Harlan Crow for Details of Gifts to Thomas In our “Editors...

Tax Notes reporter Andrew Velarde discusses the penalty dispute in Farhy v. Commissioner and the case’s implications for other penalties and future refund decisions. For additional coverage, read these articles in Tax Notes: In  Farhy ’s Wake, Taxpayer Advocate Renews Call for Penalty Change Fallout From  Farhy  on Assessable Penalties Could Be Extensive IRS Lacks Assessment Authority for Informat...

Professor Kathleen Claussen of Georgetown Law discusses how the proposed regs for the new clean vehicle tax credit affect the EU and other countries without a free trade agreement. For additional coverage, read these articles in Tax Notes: Volkswagen EV Gains Tax Credit Eligibility Treasury Balancing Act on EV Tax Credits Leaves Open Questions Taxwriters Criticize Trade Rep on EV Tax Credit Transp...

Professor Samuel Brunson of Loyola University Chicago discusses social media tax scams highlighted in the IRS’s 2023 “Dirty Dozen” list of scams and how to spot this misinformation. For more, read " Be Wary of Tax Advice on Social Media, IRS Warns ," in Tax Notes . In our “Editors’ Corner” segment, Robert van Brederode, the founding partner of BrederodeTax LLC, chats about his Tax Notes...

Former IRS Commissioner Fred Goldberg, now with Skadden, shares his thoughts on the IRS’s strategies and proposals outlined in the recently released spending plan for the $80 billion granted by the Inflation Reduction Act. For additional coverage, read these articles in Tax Notes: Werfel to Address IRS Budget and Filing Season at Senate Hearing Scholar Suggests Reforming IRS Over Spending More on...

Tax Notes contributing editor Robert Goulder discusses the history of bank secrecy, Credit Suisse’s role in it, and the bank’s recent collapse. For additional coverage, read these articles in Tax Notes: Government Goes After ‘Bank Hopping’ Couple for FBAR Penalties Finance Committee Says Hidden Swiss Bank Accounts Fight Isn't Over UBS May Have Bought Credit Suisse’s Undeclared Account Trouble...

Tax Notes legal reporter Caitlin Mullaney discusses ChatGPT’s understanding of tax. For more, read " Off the Beaten Tax: Could the Robots Be Coming for the Tax Preparers? " in Tax Notes . Follow us on Twitter: Caitlin Mullaney: @MullaneyWrites David Stewart: @TaxStew Tax Notes: @TaxNotes ** This episode is sponsored by the University of California Irvine School of Law Graduate Tax Progra...

Grace Perez-Navarro discusses her long career at the OECD Centre for Tax Policy and Administration and what’s next after her retirement. For additional coverage, read these articles in Tax Notes: Analysis: The OECD’s Push for Women Leaders in Tax Transparency Analysis: Grace Perez-Navarro — A Champion of Transparency and Inclusion Follow us on Twitter: Stephanie Soong: @StephanieSoong David Stewar...

Kyle Pomerleau of the American Enterprise Institute discusses the Biden administration’s fiscal 2024 budget and examines how the tax proposals play into the administration’s wider political agenda. For additional coverage, read these articles in Tax Notes: White House Budget Plan Targets Wealthy With Tax Increases Treasury Green Book Shows Few Major Changes in Tax Policy Goals Biden Budget Would R...

Tax Notes contributing editor Nana Ama Sarfo discusses digital services taxes and the OECD’s goal to solve related challenges through the pillar 1 multilateral convention. For additional coverage, read these articles in Tax Notes: Pillar 1 Tax Convention Talks Hitting Roadblocks, Le Maire Says Analysis:  DSTs, Destabilization, and the Rocky Road to Pillar 1 Netflix Tells OECD to Mull Cultural Levi...

Tony Santiago of TaxSearch Inc. discusses how the tax profession is changing and offers advice on developing future tax leaders. For additional coverage, read Santiago's articles in Tax Notes: Addressing the Upcoming Tax Leadership Shortfall Prepare for the Biggest Tax Leadership Turnover Ever How an EY Split-Off Could Affect the U.S. Tax Profession Top Seven Reasons a Future Tax Leader Shoul...

Tax Notes contributing editor Ryan Finley discusses the IRS’s major win in 3M and how it may affect other transfer pricing cases .   Listen to related episodes: Transfer Pricing Litigation Update II Transfer Pricing Litigation Update Coca-Cola Transfer Pricing Challenge Fizzles For additional coverage, read these articles in Tax Notes: Analysis : 3M  and the Renaissance of the Commensurate With In...

Tax Notes legal reporter Nathan Richman talks with IRS Criminal Investigation Deputy Chief Guy Ficco about the upcoming Advance Collaboration Data Center and other CI initiatives. For additional coverage, read these articles in Tax Notes: IRS Starts Showing Tax Fraud Fruits of Pandemic Investigations First Update to IRS’s Bank Secrecy Act Data Analysis Coming Soon IRS Criminal Investigators Want t...

Professor Steven Dean of Brooklyn Law School discusses the U.S. Treasury’s Equity Action Plan and its progress on examining potential racial bias in the tax code.   For additional coverage, read these articles in Tax Notes: Yellen Insists New Tax Credits Will Reduce Inequality Jury Is Still Out on Treasury Equity Plan Listen to more Tax Notes Talk episodes from our critical tax theory series: Is I...

Tax Notes reporters Sarah Paez and Kiarra Strocko discuss what they found in an exploration of the OECD-supported mediation process for multinational corporations. For more, read Paez and Strocko's article in Tax Notes , " OECD Corporate Mediation Lacks Teeth on Tax Matters, Critics Say ." In our “Editors’ Corner” segment, Abraham Leitner, a director at Goulston & Storrs PC, cha...

Tax Notes Capitol Hill reporter Doug Sword discusses the latest national sales tax proposal in Congress, and contributing editor Robert Goulder shares his thoughts on the challenges of implementing the tax. For additional coverage, read these articles in Tax Notes: Perspective: The Orgy of Nontaxation Biden Criticizes Republican Plans to Abolish IRS Conservatives Say McCarthy Is Committed to Natio...

Professor Diane Kemker of DePaul College of Law shares her argument for more coverage of the earned income tax credit in tax law casebooks to improve inclusivity.   For more, read Kemker's article "' Cracking Open' the Tax Casebook: Genre, Ideological Closure, and the Earned Income Tax Credit ." Follow us on Twitter: Caitlin Mullaney: @MullaneyWrites David Stewart: @TaxSte...

Tax Notes contributing editor Joseph J. Thorndike discusses the release of former President Trump’s tax returns and how they may influence the discourse around disclosure in the next presidential election. To see the collection of presidential tax returns, visit taxnotes.com/tax-history-project . For additional coverage, read these articles in Tax Notes: Watchdog Calls for TIGTA Inquiry Into IRS T...

Tax Analysts Chief Content Officer Jeremy Scott reviews the 2022 developments in U.S. tax legislation and speculates about what may lie ahead. For additional coverage, read these articles in Tax Notes: Nearly 6,000 Pages of Trump Returns Released, but Not IRS Files EV Credit Guidance Buys Time for Automakers on Battery Rules Initial Guidance Limits Buyback Tax on M&A Deals to Boot Corporate AM...

Valerie Dickerson of Deloitte Tax LLP discusses key developments in state tax policy from 2022 that will likely remain relevant in 2023, including new incentives from the CHIPS Act. For additional coverage, read these articles in Tax Notes: Louisiana Adopts Rules on Passthrough Entity Tax, NOLs Colorado Offers Millions in Incentives for Semiconductor Manufacturing Company Iowa DOR Proposes Require...

Tax Notes reporters recap some of the weirder stories they encountered in 2022, from the tax troubles of reality stars to a fight over a rather large tax bill for Christmas trees. For additional coverage, read these articles in Tax Notes: Tax Crime Roundup: Reality TV Stars Face Real Prison Colorado Now Accepts Cryptocurrency for Tax Payments HMRC Under Fire for VAT Bill on S’mores Marshmallows Li...

In the third of a three-episode series, former senior Treasury official Chip Harter discusses his experience creating the international tax guidance for the Tax Cuts and Jobs Act and the evolution of those provisions.  Listen to the other two episodes in the series:   The TCJA Five Years Later: State Tax Issues The TCJA Five Years Later: Federal Tax Issues For additional coverage, read these artic...

In the second of a three-episode series, Jennifer Acuña, now with KPMG and former tax counsel for the Ways and Means Committee, discusses how guidance for the Tax Cuts and Jobs Act is still evolving. Listen to the first episode in the series here: The TCJA Five Years Later: State Tax Issues For additional coverage, read these articles in Tax Notes: This Isn’t Your Father’s Tax Extender Package Yea...

In the first of a three-episode series, Steven Wlodychak, formerly with EY, discusses the creation of the SALT cap deduction by the Tax Cuts and Jobs Act and how states addressed it and other changes.  For additional coverage, read these articles in Tax Notes: Consistent Guidance on SALT Cap Workarounds Needed, Panel Says California Governor Signs SALT Cap Workaround Fix Pennsylvania Bill Would Cr...

Tax Notes chief correspondent Stephanie Soong discusses how countries are approaching implementation of the OECD’s two-pillar corporate tax reform plan and the future of the OECD after Pascal Saint-Amans’s departure.   Listen to more podcast episodes on the OECD's tax reform plan: Implementation Issues: An OECD Tax Reform Project Update The End Is Nigh: An Update on the OECD Tax Reform Plan T...