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Simply Tax® Episode 66: What’s New in Tax Legislation?

Podcast Published: Jul 04, 2019

Presenters & Guests

Edward Karl

Related Services

Topics

AICPA

Simply Tax®

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Take a “drive” with frequent guest Ed Karl to hear the latest on tax-related legislation in Washington, D.C. In addition, listen in for updates on cryptocurrency guidance, the taxation of the digitized economy and Ed’s advice for the fall tax season.

TIME STAMPS OF WHAT’S COVERED

”It looks like everything is headed towards a September fiscal cliff” @1:36
Ed’s outlook on extenders and Tax Cuts and Jobs Act (TCJA)-related corrections legislation @7:55
The Setting Every Community Up For Retirement Enhancement Act of 2019 @11:28
Observations on the first tax season under the TCJA @14:20
Guidance on virtual currency @18:47
Update on the taxation of the digitized economy @21:02
Possible preparer regulation @25:34
“You have to have a lot patience to work in Washington” @27:27
Closing thoughts @30:10

BIO FOR 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.

Follow Ed on Twitter
Connect with Ed on LinkedIn

ADDITIONAL RESOURCES MENTIONED IN THE EPISODE

Mentioned on the podcast:

"Death & Taxes" YouTube playlist
Episode 60: Tax Return Positions with Ed Karl
Episode 46: Do You Have 199A Confusionosis? with Amy Wang and Glen Birnbaum
Episode 29: What's the CPAR? with Jonathan Horn
Episode 16: AICPA's 199A Task Force with Amy Wang

Additional tax reform resources:

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