
About this episode
Roger and Annie discuss the unique challenges tax practitioners face as 2024 draws to a close. They explore the potential impact of the upcoming election on tax law, ongoing issues with the Employee Retention Credit, and the looming deadline for Beneficial Ownership Information reporting. The hosts provide insights on how to approach tax planning amidst uncertainty and offer practical advice for managing client expectations during this complex period.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (01:15) - Challenges in Tax Planning
- (02:36) - Election Impact on Tax Laws
- (06:43) - Potential Changes in Tax Provisions
- (15:24) - Electric Vehicle Tax Credits
- (20:16) - Tax Reform and Future Considerations
- (25:48) - Meeting with IRS Commissioner Werfel
- (27:10) - IRS Funding and Staffing Challenges
- (28:02) - Tax Scams and Fraud Prevention
- (31:43) - Employee Retention Credit (ERC) Updates
- (39:26) - Beneficial Ownership Information Reporting
- (49:08) - End-of-Year Tax Planning and Challenges
- (50:40) - Final Thoughts and Wrap-Up
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Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/
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