Cherry Bekaert: The Tax Beat

Cherry Bekaert

Cherry Bekaert’s podcast for tax services where we discuss developing trends and market dynamics as well as tax and accounting tips that could impact your business.

  1. Jun 3

    COVID Disaster Relief and IRS Refund Opportunities

    Recent court decisions are prompting renewed discussion around how disaster relief provisions apply to Internal Revenue Service (IRS) deadlines and what actions taxpayers may take before key limitation periods expire.  The federally declared COVID-19 disaster period may have created unexpected opportunities for taxpayers to revisit penalties, interest assessments and refund claims tied to prior tax filings and payments. In this episode, Michael Wronsky, Managing Director and Leader of Cherry Bekaert’s National Tax Practice, and Sarah McGregor, Tax Director, discuss  taxpayer-favorable court rulings and the broader implications for businesses and individuals that incurred penalties or interest during the pandemic years. They explain how these cases could impact filing deadlines, refund opportunities and IRS procedures, while also addressing the uncertainty created by ongoing government appeals and evolving guidance. Listen to learn more about: 01:18 – Background on recent taxpayer-favorable court cases02:45 –  Impact of disaster relief provisions on tax deadlines during the COVID-19 pandemic05:00 –  Factors that resulted in an unusually long postponement period06:07 – Potential opportunities related to penalties and interest assessments08:15 – Protective refund claims and abatement considerations09:40 – The IRS response and pending litigation12:20 – Key timing considerations and statute of limitations concerns15:00 – Practical next steps for taxpayers and advisors

    17 min

  2. Apr 21

    Cost Segregation & 179D Updates for Real Estate

    2025 tax law changes are reshaping depreciation, energy incentives and cash‑flow planning In this episode of the Tax Beat Podcast, Cherry Bekaert tax professionals explore recent developments benefiting cost segregation studies, the Section 179D Energy Efficient Commercial Buildings deduction (Section 179D), and bonus depreciation. Their discussion explains how these incentives help commercial real estate owners and capital‑intensive businesses accelerate deductions by shifting depreciation into earlier tax years — improving cash flow and supporting expansion, renovation and new construction projects. Key Topics Discussed  Cost segregation fundamentals and accelerated depreciation Permanent 100% bonus depreciation and planning considerations QPP for manufacturers Section 179D basics and eligibility Section 179D opportunities for designers and tax‑exempt buildings Retroactive planning opportunities Construction timing and upcoming Section 179D deadlines Coordinating multiple tax incentives for maximum benefitThe panel covers how the return of permanent, 100% bonus depreciation has renewed interest in cost segregation studies, and how manufacturers may benefit from the newly enhanced Qualified Production Property (QPP) rules. The conversation ends with an emphasis on the value of a coordinated, full‑service approach to identifying and stacking multiple tax incentives while managing compliance and risk. Listen now to learn how cost segregation and Section 179D can work together to accelerate deductions, improve cash flow and help businesses adapt their tax strategies amid evolving legislation.

    20 min

  3. Jan 20

    International Tax Basics for Middle-Market CFOs

    As cross-border activity becomes increasingly common for middle-market companies, international tax considerations are no longer limited to large multinationals. From transfer pricing and tariffs to global tax compliance and planning, businesses expanding overseas face greater complexity and heightened scrutiny from tax authorities worldwide. Understanding where value is created, how intercompany transactions should be priced, and how global tax rules interact is critical for managing risk and supporting sustainable international growth. In this episode, Brooks Nelson, Tax Partner, and Sarah McGregor, Tax Director, are joined by Nelson Yates, Partner and International Tax Leader, to discuss key cross-border tax issues middle-market CFOs and business leaders should have on their radar. They break down transfer pricing fundamentals, explore how tariffs intersect with intercompany pricing, and share practical considerations for companies entering or expanding in foreign markets. Listen to learn more about: 02:30 – Transfer pricing basics and why it matters04:10 – How governments view cross-border profit allocation06:27 – Intercompany services, IP, and value drivers10:38 – Marketing intangibles and local market investment11:55 – Practical steps CFOs can take today14:45 – Transfer pricing documentation and penalty protection16:35 – Tariffs and their interaction with transfer pricing20:20 – Global tax planning and compliance implications22:42 – International expansion costs and best practicesRelated Guidance  Article: Navigating the International Tax Landscape After 2025 Tax Reform

    28 min

  4. 12/05/2025

    2025 Tax Updates: Shutdown Impacts and Outlook

    Stay informed on the latest tax policy changes and economic trends with Cherry Bekaert’s Tax Beat Podcast. In this episode, hosts Brooks Nelson, Tax Partner, and Sarah McGregor, Tax Director, talk with Kasey Pittman, Managing Director of Tax Policy, about the sweeping P.L. 119-21, or the “One Big Beautiful Bill Act.” They also discuss Internal Revenue Service (IRS) guidance and what businesses and individuals need to know heading into 2026. In This Episode:  2025 Tax Reform Explained: $4.5 trillion in tax cuts and key provisions for taxpayersGovernment Shutdown Effects: IRS operations, filing season delays and electronic payment changesEconomic Outlook: Interest rate trends, inflation risks and planning opportunitiesLegislation Watch: Cryptocurrency tax rules, tax extenders and bipartisan billsDiscover actionable insights to navigate uncertainty, optimize tax planning and prepare for upcoming changes in legislation and economic conditions. Connect With Us Related Through Leadership Newsletter: Tax Policy Review: November 2025 UpdatesAlert: 2025 Government Shutdown FAQs: What To Expect in the Second WeekWebinar Recording: Beyond the Bill: Tax Insights for the 2025 ReformArticle: Tracking Tax Reform: A Closer Look at the Final 2025 Budget Reconciliation Bill

    34 min

  5. 04/09/2025

    IRS Changes and Challenges in 2025 Explained

    As we navigate through changes brought by the new administration in 2025, there are significant developments within the Internal Revenue Service (IRS) that will impact taxpayers and tax professionals. The IRS is aiming to streamline its operations while facing the challenge of reduced staffing levels. With proposed federal workforce reductions and shifts in technology modernization efforts, understanding how these developments will affect IRS operations is crucial for maintaining compliance and efficiency in tax practices.  In this episode, Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, are joined by Ron Wainwright, Tax Partner, and Kasey Pittman, Tax Managing Director. Together, they delve into the announced changes to the IRS workforce, discuss potential impacts on taxpayers and explore the ongoing technological transformations within the agency.  Listen to learn more about: 02:02 – IRS workforce reductions05:02 – Changes in IRS leadership08:39 – IRS Priority Guidance Plan12:33 – Technology modernization17:19 – Impact on taxpayers19:12 – Taxpayer assistance proposal22:14 – Best practices with the IRS  Related Guidance  Article: Tracking Tax Reform: The Reconciliation ProcessArticle: Recent IRS Guidance for the Definition of EmployeeArticle: IRS Issues Final Regulations Impacting Micro-Captive Insurance ArrangementsArticle: IRS Guidance for Theft Losses From Online ScamsWebinar Recording: Clean Energy Incentives, Prevailing Wage & Apprenticeship: IRS Insights

    28 min

  6. 03/24/2025

    Micro-Captives and IRS Final Rules Explained

    Earlier this year, final regulations were issued under Prop. Reg. Section 1.6011-10, setting forth the criteria that classify certain micro-captive insurance arrangements as listed transactions or transactions of interest. These designations require extensive tax return disclosures and impact all parties, including related entities.  As micro-captives continue to be a focal point for Internal Revenue Service (IRS) enforcement, understanding these regulations is crucial for businesses aiming to maintain compliance and avoid potential penalties. Micro-captive insurance arrangements have long been a topic of concern for the IRS due to their potential for abuse in tax planning. The recent regulations aim to address these concerns by providing clear guidance on what constitutes a reportable transaction.  In this episode, Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, are joined by Rick Woods, Tax Partner. Together, they dive into the implications of these regulations, discuss IRS enforcement efforts and explore what constitutes a listed transaction versus a transaction of interest. Listen to learn more about: 04:11 – IRS interest in micro-captives06:01 – Section 831(b) in micro-captives08:29 – IRS history with micro-captives11:48 – Criteria for micro-captive transactions17:13 – Reporting micro-captive transactions19:49 – Exceptions in micro-captive coverage21:24 – Exiting micro-captive arrangements22:37 – Economic reasons for micro-captives24:30 – Risk management in micro-captives Related Guidance  Article: IRS Issues Final Regulations Impacting Micro-Captive Insurance Arrangements

    29 min

  7. 02/11/2025

    Financial Statement Reporting & Disclosure Changes in 2025

    Navigating the complex terrain of financial statement reporting and income tax disclosures is a major challenge for companies as they face heightened regulatory scrutiny and evolving standards. The Financial Accounting Standards Board (FASB) continues to introduce significant updates, including ASU 2023-09, which requires greater transparency and more detailed reporting of tax provisions. These changes reshape how companies present their tax positions within financial statements, emphasizing the need for robust systems and strategies to manage increased disclosure requirements. As organizations continue adapting to these standards in 2025, understanding tax provisions and their implications remains essential for maintaining compliance and demonstrating financial integrity. In this episode, Brooks Nelson, Partner and Strategic Tax Leader and Sarah McGregor, Tax Director, are joined by William Billips, Tax Partner, and Lisa Macri, Tax Director. Together, they explore key tax legislation updates from 2024 and strategies for navigating the road ahead.  This discussion is crucial for finance professionals seeking to build on last year’s adjustments and ensure their organizations remain prepared for the evolving landscape of tax reporting. Listen to learn more about:  03:30 – Understanding ASC 74004:25 – Common challenges with ASC 74005:44 – Upcoming changes with ASU 2023-0907:21 – Rate reconciliation and disaggregation requirements08:33 – Preparing for ASU 2023-09 implementation09:32 – Transferability of energy credits10:45 – Acquisitions and dispositions key considerations11:50 – Pass-through entities and tax reporting14:20 – Anticipating future tax law changes16:37 – Planning for legislative changes  Related Guidance  Newsletter: The Rundown: Fourth Quarter 2024 GuideArticle: Unlocking Opportunities: The Evolving Market for Clean Energy Tax Credits

    21 min

  8. 11/11/2024

    Disaster Losses & Casualty Gains for 2024 Taxes: IRS Guidelines

    In 2024, a year marked by numerous natural disasters, the IRS has stepped up to provide taxpayers with crucial relief measures. More than 60 disaster relief notices have been issued, offering postponement of tax return filing and tax payment due dates for individuals and businesses across various U.S. counties. This relief is vital as individuals and businesses begin the challenging recovery process, which often involves navigating insurance claims and understanding loss deductions for the first time.  The federal tax law provides rules for those claiming losses as a result of damages to business, investment and personal use property. Federal tax rules also benefit those who might realize a casualty gain when insurance proceeds exceed the cost or basis of damaged property. In this episode, Tax Services Partner Brooks Nelson, Tax Director Sarah McGregor, and Tax Services Partner Mark Giallonardo join together to discuss IRS disaster filing relief, tax gains and losses resulting from property damage in federally declared disasters, and the impact of the TCJA on these claims.  Listen to learn more about:  03:47 – How the TCJA Affects Casualty Loss Deductions05:32 – Methods for Assessing Fair Market Value07:20 – Individual Loss Claims: TCJA Limitations Explained08:40 – Business Loss Claims: Navigating TCJA Restrictions09:55 – Understanding Timing Rules for Casualty Losses12:45 – Strategies to Prevent Tax Gains When Claiming Losses14:12 – Navigating the IRS Disaster Relief Funding Process Related Insights Article: Navigating Hurricanes and Tax Relief: Guidance from the IRS and State Tax AuthoritiesArticle: The Trump-Era Tax Cuts Expiring in 2025

    21 min
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About

Cherry Bekaert’s podcast for tax services where we discuss developing trends and market dynamics as well as tax and accounting tips that could impact your business.

Information

  • Creator
    Cherry Bekaert
  • Years Active
    2021 - 2026
  • Episodes
    66
  • Rating
    Clean
  • Copyright
    © 2026 Cherry Bekaert: The Tax Beat
  • Show Website
    Cherry Bekaert: The Tax Beat

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