250 episodes

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

Talking Tax Bloomberg Tax

    • News
    • 3.8 • 82 Ratings

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

    Navigating Accounting Firm Mergers and Shakeups

    Navigating Accounting Firm Mergers and Shakeups

    The accounting world has been shaken up with several high-profile mergers and acquisitions among firms in recent years, reflecting the growing needs of clients.
    Abe Schlisselfeld of Marks Paneth LLP had a front-row seat to this trend, serving as the firm's managing director during its acquisition by accounting firm CBIZ Inc. in 2021. Schlisselfeld was at the helm to help shepherd the top-50 accounting firm's transition.
    On this episode of Talking Tax, Schlisselfeld, senior managing director of CBIZ Marks Paneth, speaks about his experience of overseeing an accounting firm merger, focusing on the challenges faced and lessons learned, as well as sharing advice about how to retain talent and manage major changes.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 10 min
    Becoming Tax Court Chief Judge in the Time of Covid

    Becoming Tax Court Chief Judge in the Time of Covid

    Kathleen Kerrigan is stepping into her new role as the US Tax Court's chief judge with an overarching goal to help the court in living with the Covid-19 pandemic.
    Kerrigan says her work will include moving to more in-person trials while still maintaining flexibility. In addition, she hopes to increase electronic filing now that DAWSON—the case management system launched by the court in late 2020—makes that possible.
    On this week's Talking Tax, Kerrigan also spoke about access to Tax Court records, avenues to advance or resolve cases pre-trial, and work by the court to promote diversity and equity.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 13 min
    States Eye Reforms Aimed at Shell Corporation Secrecy

    States Eye Reforms Aimed at Shell Corporation Secrecy

    The United States ranks first globally for financial secrecy, according to the latest report by the Tax Justice Network and US authorities are trying to do something about it. The Pandora Papers show secretive business structures are thriving in states including Delaware, Nevada, South Dakota, and Wyoming.
    A few states are taking the problem seriously including New York, which debated but failed to enact the LLC Transparency Act (A9415/S8439) earlier this year. Among other things, the proposed law would require full disclosure of the beneficial owners of limited liability companies and the creation of a publicly searchable database of this information.
    On this episode of Talking Tax, we hear two perspectives on New York’s proposal. Ryan Gurule, policy director of the Financial Accountability and Corporate Transparency Coalition, contends the states have an important role to play to halt illicit financial flows that facilitate tax evasion and money laundering. Elizabeth “Beth” Garvey, a shareholder in the government policy practice of Greenberg Traurig LLP, cautions that New York’s proposal would create a “backdoor tax” and interfere with the state’s business development objectives. Gurule and Garvey spoke with Bloomberg Tax senior correspondent Michael Bologna.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 22 min
    The Implications of Ending the US-Hungary Tax Treaty

    The Implications of Ending the US-Hungary Tax Treaty

    The July 8 news that the US was canceling a bilateral tax treaty with Hungary that has been in place since 1979 took a lot of people by surprise.
    While Treasury pointed to conditions in the treaty it said were unfavorable to the US, the announcement also came amid Hungary's continued opposition at the European Union to the 15% minimum tax the Biden administration has championed.
    On this week's Talking Tax, Sean Foley, the global head of KPMG's transfer pricing dispute resolution network, talks about the implications of the treaty termination, including on dispute resolution and withholding taxes.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 16 min
    Land Conservation Tax Break Under Increasing Scrutiny

    Land Conservation Tax Break Under Increasing Scrutiny

    Tax-advantaged land deals known as syndicated conservation easements are under increasingly heavy scrutiny from the IRS and Congress.
    The transactions involve a tax break under tax code Section 170(h) that is designed to encourage property owners to give away the development rights for land or buildings for conservation purposes. Syndicated deals—which involve multiple parties who buy into a property, often based on promises of super-sized deductions worth several times more than their investment—are designated as tax schemes on the IRS's infamous Dirty Dozen list.
    The IRS has been fighting some of these deals in court, while legislation targeting the practice has progressed on Capitol Hill, albeit slowly.
    On the latest episode of Talking Tax, Tabetha Peavey, an attorney adviser for the Tax Law Center at New York University Law, and Rep. Mike Thompson (D-Calif.), who has introduced legislation targeting the deals, discuss syndicated easements. Peavey explains how the transactions work and what the IRS has done to stop what it considers to be abusive behavior. Then Thompson offers his thoughts on whether this is the year that a long-simmering proposal to restrict the deals makes it through Congress.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 15 min
    Biden's Economic Plan Races the Clock on Capitol Hill

    Biden's Economic Plan Races the Clock on Capitol Hill

    The Biden administration and Democratic lawmakers are quickly running out of time to move a revamped tax, climate, and health care package before the midterm elections.
    Biden's broad "Build Back Better" agenda stalled in December when Sen. Joe Manchin (D-W.Va.), a pivotal vote in the evenly split chamber, announced he wouldn't support it. Senate Majority Leader Chuck Schumer (D-N.Y.) has been negotiating with Manchin about a narrower bill focused on clean energy incentives, health care, and tax hikes on corporations and the wealthy.
    There have been some recent signs of progress, with tentative agreements on prescription drugs and extending the solvency of Medicare. But there are still many issues to hash out and not much time to do it.
    On the latest episode of Talking Tax, Capitol Hill reporters Kaustuv Basu and Zach C. Cohen break down the state of the negotiations. They cover what's in, what's out, and what obstacles remain.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 16 min

Customer Reviews

3.8 out of 5
82 Ratings

82 Ratings

BHD #10 ,

EV credit - both sides of the debate

Will you have a part II episode on the EV credit that discuss the point of view from the Republicans side? I think it would be beneficial to learn about this topic from both sides of the aisle. Thanks.

SomethingWitty11 ,

Keep it focused on tax

People get enough of the ultra woke mandatory training at the office, so they probably aren’t going to voluntarily listen to it here. I would think you want to keep it “tax technical” to keep your listener base in tact… just a suggestion.

roz1bug ,

Topic is okay, audio quality is poor

To me, the audio quality seems low. I would enjoy this podcast a lot more if the audio sounded better to me.

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