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.
ADDITIONAL RESOURCES
- Previous episodes featuring our most frequent returning guest:
- Bonus Episode: Tax Framework with Ed Karl (October 17, 2017)
- Bonus Episode: Latest From the Reform Roller Coaster (October 25, 2017)
- Episode 5: Turkey Tax Talk (November 21, 2017)
- Bonus Episode: Tax Bill Whack-A-Mole (December 13, 2017)
- Episode 12: Ed Karl's Tax Reform Carnival Update (February 7, 2018)
- Bonus Episode: Omnibus & the Grain Glitch (March 20, 2018)
- Episode 25: Ed Updates: IRS Reform & Guidance on the New Tax Law (May 2, 2018)
- Episode 42: Cutting Through the Tax Static with Ed Karl (September 26, 2018)
- Episode 60: Tax Return Positions with Ed Karl (April 4, 2019)
- Episode 66: What's New in Tax Legislation (July 2, 2019)
- Episode 84: The Latest Tax Developments (January 14, 2020)
- Episode 94: Tax Considerations of COVID-19 Relief (April 3, 2020)
- Episode 120: The Eye of the Tax Storm (March 11, 2021)
- Episode 135: Turkey Time Tax Talk (November 24, 2021)
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A complete archive of our episodes is available on our website and YouTube playlist.
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