<description>&lt;p&gt;Five years ago today we released our very first episode of the “Simply Tax” podcast, &lt;a href= "https://www.forvis.com/podcast/2017/10/simply-tax-episode-1-talking-tax-reform-ed-karl"&gt; Talking Tax Reform with Ed Karl&lt;/a&gt;. Host Damien Martin takes a look at a range of current tax topics as special guest Ed Karl—VP of taxation at the American Institute of CPAs (AICPA)—returns to the podcast to cut through the static of the headlines swirling in the tax world. Here’s what they discuss:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;A look back at five years and 150 episodes [0:00]&lt;/li&gt; &lt;li&gt;The budget reconciliation roller coaster [05:48]&lt;/li&gt; &lt;li&gt;Additional IRS funding and inaccurate information [10:27]&lt;/li&gt; &lt;li&gt;IRS backlog and penalty relief [14:26]&lt;/li&gt; &lt;li&gt;Extenders and the legislative outlook [25:07]&lt;/li&gt; &lt;li&gt;The outlook for much needed guidance [37:46]&lt;/li&gt; &lt;li&gt;What else Ed thinks you should watch for [39:40] &lt;ul&gt; &lt;li&gt;New Schedules K-2 and K-3&lt;/li&gt; &lt;li&gt;Form 1040 virtual currency checkbox question&lt;/li&gt; &lt;li&gt;Taxability of student loan forgiveness&lt;/li&gt; &lt;li&gt;Aggressive Employee Retention Credit companies&lt;/li&gt; &lt;li&gt;Tax practitioner resiliency&lt;/li&gt; &lt;li&gt;Statement of Standards for Tax Services exposure draft&lt;/li&gt; &lt;/ul&gt; &lt;/li&gt; &lt;li&gt;Simply Thanks! @50:47&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;Learn more about Ed and get additional resources with the show notes to this episode comming soon  &lt;a href= "https://www.forvis.com/simplytax"&gt;here&lt;/a&gt;!&lt;/p&gt; &lt;p&gt;&lt;strong&gt;GET MORE SIMPLY TAX&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;We’re excited to also provide video content to strengthen your tax mind! Check it out on our &lt;a href= "https://www.youtube.com/channel/UCtqhU-qXQyv7eggouffyQ_Q/featured?disable_polymer=1"&gt;YouTube channel&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;A complete archive of our episodes is available on our &lt;a href= "http://www.forvis.com/simplytax"&gt;website&lt;/a&gt; and &lt;a href="https://www.youtube.com/playlist?list=PLv_FXYLmhFnmFwbHtJaoHPTBCHMjt150Y"&gt;YouTube playlist&lt;/a&gt;.&lt;/p&gt; &lt;p&gt;We’d love to hear from you! Email feedback and questions to &lt;a href= "mailto:SimplyTax@FORVIS.com"&gt;SimplyTax@FORVIS.com&lt;/a&gt;.&lt;/p&gt;</description>

Simply Tax

Damien R. Martin, CPA

Simply Five #150

SEP 21, 202252 MIN
Simply Tax

Simply Five #150

SEP 21, 202252 MIN

Description

Five years ago today we released our very first episode of the “Simply Tax” podcast, Talking Tax Reform with Ed Karl. Host Damien Martin takes a look at a range of current tax topics as special guest Ed Karl—VP of taxation at the American Institute of CPAs (AICPA)—returns to the podcast to cut through the static of the headlines swirling in the tax world. Here’s what they discuss:

  • A look back at five years and 150 episodes [0:00]
  • The budget reconciliation roller coaster [05:48]
  • Additional IRS funding and inaccurate information [10:27]
  • IRS backlog and penalty relief [14:26]
  • Extenders and the legislative outlook [25:07]
  • The outlook for much needed guidance [37:46]
  • What else Ed thinks you should watch for [39:40]
    • New Schedules K-2 and K-3
    • Form 1040 virtual currency checkbox question
    • Taxability of student loan forgiveness
    • Aggressive Employee Retention Credit companies
    • Tax practitioner resiliency
    • Statement of Standards for Tax Services exposure draft
  • Simply Thanks! @50:47

Learn more about Ed and get additional resources with the show notes to this episode comming soon  here!

GET MORE SIMPLY TAX

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to [email protected].