Turkey Time Tax Talks with Ed Karl #135

Simply Tax

Conversations on tax change are picking up steam with recent developments in the Washington. Frequent guest Ed Karl—vice president of taxation at the AICPA—returns to the podcast to break down the recently enacted Infrastructure Investment and Jobs Act and provide the latest on the Build Back Better Act (BBB) as we head into the Thanksgiving holiday. Here’s what’s covered:

• The impact on the acceleration of the sunset of the employee retention credit [00:46]
• Other tax-related areas of the infrastructure bill to unpack [06:46]
• Where things stand on the BBB [10:15]
• What to watch as the reconciliation bill heads to the Senate and areas of concern regarding the tax provisions in the reconciliation legislation [19:46]
• Approaching uncertainty [33:35]
• IRS services challenges and funding [37:04]

Learn more about Ed and get the additional resources mentioned in the episode here.

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