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Simply Tax Episode 150

Simply Tax® Episode 150: Simply Five

A celebration of five years of episodes with our first guest Ed Karl.
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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 rollercoaster @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

CONTACT INFORMATION FOR OUR GUEST

Edward Karl, CPA is the vice president of taxation at the AICPA. He’s responsible for the review, formulation, and submission of technical and policy recommendations for improvement of the federal tax process to Congress, the U.S. Department of the Treasury, and the IRS. Mr. Karl also serves as a principal liaison for the AICPA with the IRS and is responsible for tax ethical issues, which includes the management of the AICPA’s Statements on Standards for Tax Services. Finally, Mr. Karl oversees the tax division’s delivery of services to members, focusing on helping AICPA members provide the highest quality professional tax services.

Mr. Karl was previously employed in the tax department of a large national CPA firm, as well as a smaller local firm for which he established the tax department. He was a frequent contributor to The Certificate, a publication of the Greater Washington Society of CPAs, of which he was an editor for 15 years. He has also spoken at numerous tax institutes, state CPA society meetings, and IRS programs.

Mr. Karl is a member of the AICPA, the American Society of Association Executives, the Maryland Association of CPAs, and the Greater Washington Society of CPAs where he has also served on their Federal Tax Committee and Board of Governors.

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Connect with Ed on LinkedIn

ADDITIONAL RESOURCES

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Authored By

Edward Karl

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