This is a bonus episode from a recent webinar Annie and Roger did.

Prepare for Tax Season 2026 and the changes brought by the One Big Beautiful Bill Act. Join Federal Tax Updates co-hosts Roger Harris and Annie Schwab for a focused look at the most impactful provisions and what they mean for your clients. They break down the latest IRS updates, highlight the questions firms are already hearing, and share practical advice to help your firm prepare for the year ahead.

Roger Harris, EA - https://www.linkedin.com/in/rogerharrispbs/
Annie Schwab, CPA - https://www.linkedin.com/in/annie-schwab-852418261/

Learn more about Padgett: https://www.padgettadvisors.com/

🔔 NASBA-approved CPE and IRS-approved CE credits are offered via Earmark  https://www.earmark.app/c/3168

Andres Costa and Emily Goodman have acquired four accounting practices since 2021, expanding from a single location to five offices with a team of ten. They break down their acquisition strategy, from finding deals and structuring payment terms to handling employee transitions and raising client fees. Roger and Annie dig into the hard realities of practice valuations, including why a $350,000 firm might only be worth $200,000 and what sellers need to fix before they can command top dollar

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Chapters

• (00:00) - Introduction and Greetings
• (00:52) - Meet the Special Guests: Andre and Emily
• (01:55) - The Importance of Acquiring Firms
• (02:46) - Starting the Acquisition Journey
• (07:11) - First Acquisition Experiences
• (13:16) - Evaluating Potential Firms
• (26:20) - Maintaining and Scaling Operations
• (33:22) - Structuring Acquisition Deals
• (33:59) - Client Retention Strategies
• (35:18) - Evaluating Firm Value
• (37:03) - Challenges with Small Firms
• (40:15) - Owner Financing Benefits
• (48:17) - Raising Client Fees
• (51:02) - Transitioning Clients and Employees
• (59:32) - Final Advice for Buyers and Sellers

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Former IRS Commissioner Danny Werfel and longtime agency communications chief Terry Lemons join Roger and Annie for a candid Thanksgiving conversation about the mounting challenges facing the agency heading into the 2026 filing season. The discussion covers budget cuts, staffing reductions, the lingering ERC backlog, and why a hollowed-out compliance function puts both taxpayers and tax professionals at greater risk.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Chapters

• (00:00) - Welcome to Federal Tax Updates
• (01:22) - Introducing Special Guests: Terry Lemons and Danny Werfel
• (02:33) - Danny's Post-IRS Journey
• (08:03) - Terry Lemons' Post-IRS Activities
• (12:27) - Challenges Facing the IRS and Tax Professionals
• (19:52) - The Importance of IRS Compliance and Modernization
• (30:50) - Concerns About Workforce Sustainability
• (31:56) - Employee Retention Credit Issues
• (32:37) - Fraud and Government Response
• (35:30) - Impact of Government Shutdown on IRS Programs
• (36:53) - IRS Performance and Resource Allocation
• (40:52) - Challenges in Tax Compliance and Enforcement
• (46:17) - Preparing for the Upcoming Tax Season
• (51:19) - College Football Predictions
• (53:53) - Closing Remarks and Holiday Wishes

Connect with Danny Werfel
https://www.linkedin.com/in/danny-werfel-89441594

Follow the Federal Tax Updates Podcast on Social Media
twitter.com/FedTaxPod
facebook.com/FedTaxPod
linkedin.com/showcase/fedtaxpod

Connect with the Hosts on LinkedIn
Roger Harris - https://www.linkedin.com/in/rogerharrispbs/
Annie Schwab - https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

John Barucci joins the show to break down his real-life data breach. John thought he had all the right safeguards in place: cyber insurance, firewalls, security training, and a written information security plan. But a single click on what appeared to be a Social Security Administration email led to bad actors accessing nine client files, altering returns, and changing bank account information in just 38 minutes.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Chapters

• (00:00) - Introduction and Greetings
• (00:56) - Current Events and Government Shutdown
• (01:56) - PTIN Renewal and Security Measures
• (02:59) - Introducing John Bucci's Story
• (04:34) - John Bucci's Cybersecurity Breach Experience
• (06:18) - Detailed Chronology of the Breach
• (18:38) - Immediate Actions Taken Post-Breach
• (22:14) - IRS and Software Company Responses
• (27:02) - Client Communication and Further Steps
• (30:34) - The Weight of Responsibility in Tax Practice
• (31:22) - The Importance of Having a Plan
• (32:28) - Immediate Actions Post-Breach
• (32:53) - Involvement of Thomson Reuters and Stopping the Breach
• (34:21) - Forensic Investigation and Legal Steps
• (35:48) - Cyber Insurance and Its Benefits
• (37:50) - IRS Practitioner Relief Program
• (43:27) - Final Reflections and Lessons Learned
• (50:02) - Conclusion and Final Thoughts

Connect with John:
https://www.linkedin.com/in/johnbarucci

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Roger and Annie welcome Alan Pinck, EA and moderator of Tax Talk Today, for a wide-ranging conversation about his transition from hospitality management to tax representation work. Alan shares war stories from the days of preparing returns by hand, explains why treating IRS auditors with respect yields better outcomes than adversarial tactics, and discusses the critical differences between examination and collections work. The conversation covers everything from ghost preparers and ERC problems to building a year-round practice, teaching strategies, and why the most important day of tax season is April 16th.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Connect with Alan
https://www.linkedin.com/in/alan-pinck-ea-1b29b66
https://apincktax.com/

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.


Chapters

• (00:00) - Introduction and Welcome
• (01:05) - Special Guest Introduction: Alan Pink
• (02:13) - Alan's Journey into Tax Profession
• (04:57) - Challenges and Anecdotes in Tax Preparation
• (13:09) - Representation and Audits
• (22:28) - Collections vs. Examination
• (29:12) - Current Issues and Credits
• (30:06) - Taxpayer Liability and Rule Changes
• (31:11) - Understanding Captive Insurance
• (33:35) - Advice for New Tax Professionals
• (34:33) - NAEA and Educational Programs
• (38:21) - Becoming a Tax Talk Moderator
• (41:36) - Challenges and Rewards of Live Shows
• (51:12) - Upcoming Speaking Engagements
• (53:19) - Final Thoughts and Farewell

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Roger and Annie sit down with Blake Oliver, founder of Earmark, to cut through the AI confusion. Blake explains why AI is more like a brilliant Harvard-trained intern with amnesia than a tax professional replacement, sharing practical applications from document organization to quality control that can work in firms today. The conversation explores which AI tools are worth trying, why voice mode changes everything, and why tax professionals who start experimenting now are still early adopters, not late to the party.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Chapters

• (00:00) - Welcome to Federal Tax Updates
• (01:19) - Guest Introduction: Blake Oliver
• (03:27) - Diving into AI: Initial Thoughts and Comparisons
• (07:58) - Understanding AI and Its Limitations
• (15:47) - Effective Use of AI in Accounting
• (21:41) - Choosing the Right AI Tools
• (24:49) - Security and Cost Considerations
• (30:46) - Best Practices and Pitfalls in AI Usage
• (33:17) - AI Struggles with Tax Complexity
• (34:34) - Human Verification in Tax Analysis
• (35:01) - AI's Limitations and Cost
• (36:29) - Misconceptions About AI in Tax
• (40:25) - AI's Role in Administrative Tasks
• (41:47) - AI in Quality Control and Research
• (43:26) - AI in Radiology and Tax
• (50:10) - Future of AI in Transportation
• (53:05) - AI in Manufacturing and Economy
• (56:17) - Adapting to AI in the Accounting Industry
• (57:21) - Conclusion and Final Thoughts

This podcast is a production of Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Drawing from insights gathered at five IRS tax forums this year, Roger and Annie are joined by Jeff, Amanda, and Katarina to tackle the three most pressing challenges facing small accounting firms. From remote hiring strategies to why 90% of clients accept fee increases to essential marketing basics, this episode shows how hiring, pricing, and marketing work together to create a thriving, sellable practice. Whether you're drowning in capacity issues or preparing for eventual retirement, these proven strategies offer a roadmap out of the daily grind.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (01:10) - Overview of Today's Podcast
• (01:27) - Insights from IRS Forums
• (02:43) - Key Challenges in the Industry
• (04:20) - Deep Dive into Hiring Issues Pricing Strategies and Challenges
• (07:38) - Introducing Jeff Phillips on Hiring
• (08:53) - Remote Work and Hiring
• (28:41) - Introduction and Struggles with Pricing
• (29:10) - Linking Pricing to Hiring Challenges
• (30:08) - Consequences of Poor Pricing
• (31:55) - Implementing a Pricing System
• (33:35) - Client Reactions to Price Increases
• (36:16) - Timing and Strategy for Raising Fees
• (46:31) - Marketing and Growth Strategies
• (48:07) - Importance of Online Presence
• (50:52) - Leveraging Reviews and Referrals
• (01:01:33) - Concluding Thoughts and Future Plans

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Roger and Annie break down the preliminary list of occupations qualifying for tax-free tips, including some unexpected entries like plumbers and digital creators. They discuss the compliance headaches ahead with retroactive implementation but no updated forms until 2026. The conversation shifts to serious concerns about proposed IRS budget cuts and workforce reductions that could undermine tax enforcement when it's needed most.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Introduction and Greetings
• (01:25) - Upcoming Tax Deadlines
• (02:41) - No Tax on Tips: New Guidelines
• (04:16) - Industries and Occupations Affected
• (12:25) - Compliance and Documentation Challenges
• (16:24) - W-4 and W-2 Form Changes
• (26:04) - Call to Action: Comment on Proposed Forms
• (30:27) - Upcoming Changes to W2 Forms
• (31:16) - New Codes for Tips and Overtime
• (33:38) - IRS Budget Cuts and Workforce Reduction
• (36:42) - Impact of Budget Cuts on IRS Operations
• (39:29) - Challenges in IRS Enforcement and Compliance
• (48:12) - The Role of Practitioners and IRS Communication
• (55:00) - Future of IRS and Tax Law Changes
• (56:40) - Conclusion and Listener Engagement

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Roger and Annie break down the aftermath of Commissioner Billy Long's abrupt departure to become Ambassador to Iceland, leaving Treasury Secretary Scott Bessent as acting commissioner amid widespread IRS staff cuts and uncertainty. They also explore the massive 900+ page "Big Beautiful Bill" (2025 Act), covering everything from permanent individual tax rate changes and Trump savings accounts for children to the new tip and overtime tax exclusions that expire in 2028. The discussion also covers significant business provisions like permanent QBI deductions, higher 1099 thresholds, and the systematic elimination of energy credits through 2028.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome o Federal Tax Updates
• (01:03) - Recap of Previous Podcast with IRS Stakeholder Liaison
• (01:53) - Discussion on IRS Forums and Observations
• (06:14) - Changes in IRS Leadership
• (09:19) - Impact of IRS Leadership Changes on Operations
• (19:08) - Big Beautiful Bill Overview
• (28:05) - Individual Tax Changes in the 2025 Act
• (31:28) - Changes to Standard Deductions and Itemization
• (33:26) - Paid Leave and Adoption Credits
• (35:26) - New Trump Accounts and Education Savings
• (39:50) - Tax Benefits for Workers: Tips and Overtime
• (46:31) - Senior Tax Benefits and Auto Loan Interest Deduction
• (47:57) - Business Tax Provisions: QBI Deduction and Depreciation
• (52:44) - Energy Credits and Their Phase-Out
• (56:42) - Political Implications and Conclusion

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Recorded live from the New Orleans Tax Forum, Roger and Annie sit down with Maggie Romaniello from IRS Stakeholder Liaison to discuss this often overlooked but crucial IRS department. Maggie explains how Stakeholder Liaison serves as an advocate for tax professionals and their clients, handling everything from systemic issues like erroneous extension letters to data breach incidents and disaster response. The conversation reveals how practitioners can access this free resource directly through the IRS website and highlights the department's role in pushing for technological improvements like online accounts and streamlined processes.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Introduction and Setting the Scene
• (01:02) - Overview of IRS Tax Forums
• (01:37) - Special Guest: Maggie Romaniello from Stakeholder Liaison
• (03:07) - History and Evolution of Stakeholder Liaison
• (04:57) - Current Challenges and Changes in Stakeholder Liaison
• (05:53) - Addressing Practitioner Issues and Communication
• (16:05) - How to Contact Stakeholder Liaison
• (19:55) - Introduction to Data Safetys
• (22:07) - Steps to Take After a Data Breach
• (24:00) - IRS Support and Resources
• (25:12) - State-Specific Requirements for Data Breaches
• (27:11) - The Importance of Online Accounts
• (28:45) - Setting Up and Using IRS Online Accounts
• (37:28) - Power of Attorney and Tax Pro Accounts
• (42:31) - Handling Disasters and IRS Outreach

Connect with Maggie
LinkedIn:  https://www.linkedin.com/in/margaret-romaniello-5189758a

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Washington DC tax expert Thad Inge joins the show again for a deep dive into the Big Beautiful Bill.  He breaks down the tax legislation that extends TCJA provisions and introduces new benefits like tax-free tips and overtime. Together with Annie and Roger, they explore the surprising speed of the political process, the complex implementation challenges ahead, and what small business owners and individuals need to know right now. From ERC changes to new car loan deductions, this comprehensive breakdown separates the reality from the hype surrounding one of the most significant tax bills in recent years.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (02:14) - Overview of the Big Beautiful Bill
• (02:43) - The Legislative Process and Political Dynamics
• (06:53) - Key Provisions and Extensions in the Bill
• (09:33) - Tax Policy vs. Political Strategy
• (11:33) - State and Local Tax (SALT) Debate
• (17:25) - Cost and Budget Considerations
• (26:24) - New Tax Provisions: Tips and Overtime
• (29:07) - Implementation Challenges and Guidance
• (34:18) - Transition Relief and State Standards
• (37:16) - Overtime and Salary Dynamics
• (38:17) - IRS Withholding Rules
• (42:24) - Employee Retention Credit (ERC) Updates
• (48:17) - Business Deductions and Expensing
• (52:22) - New Tax Provisions for Seniors and Car Loans
• (54:59) - Energy Credits and Legislative Negotiations
• (56:35) - Final Thoughts and Future Outlook

Connect with Thad Inge
LinkedIn: https://www.linkedin.com/in/thad-inge-9342155
Website: https://www.vsadc.com/

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Tax professional data breaches have exploded in 2025, with 327 reported incidents affecting over 342,000 taxpayers in just half a year. Glenn Gizzy, a 36-year IRS veteran now specializing in data breach prevention, reveals the sophisticated tactics criminals use to infiltrate tax practices. From phishing emails disguised as client referrals, to hackers who wait until returns are filed before changing bank account information. This conversation covers essential protection measures including Written Information Security Plans (WISP), IP PINs, proper cyber insurance coverage, and the critical steps to take immediately after discovering a breach.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Introduction and Greetings
• (02:21) - Today's Guest and Topic: Scams and Data Breaches
• (02:56) - IRS Statistics on Data Breaches
• (05:33) - Common Scams and How They Work
• (09:48) - Phishing Emails and Ransomware
• (14:51) - Fake Charities and Donation Scams
• (17:30) - Refund Thefts and Data Breaches
• (21:28) - IRS Communication and Taxpayer Awareness
• (30:10) - Signs of a Data Breach for Practitioners
• (32:42) - Immediate Steps After a Data Breach
• (34:32) - Multi-Step Process and Insurance Involvement
• (37:42) - Filing Returns After a Breach
• (40:54) - Identity Protection PIN (IP PIN)
• (48:10) - Written Information Security Plan (WISP)
• (53:06) - Protecting EFIN, PTIN, and CAF Numbers
• (55:25) - Final Thoughts and Conclusion

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Annie and Roger break down the political maneuvering around the "big beautiful bill" extending the Tax Cuts and Jobs Act, explaining why seemingly simple provisions like no tax on tips and overtime could create major headaches for the 2026 filing season. They examine proposed IRS budget cuts of 37% and workforce reductions of 20% at the same time new tax complexities are being added. The hosts also celebrate the success of the 2025 filing season while questioning whether similar results are possible given the challenges ahead, including new Commissioner Billy Long's appointment and the ongoing uncertainty about when and what form the final legislation will take.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (02:14) - The Big Beautiful Bill: An Overview
• (02:37) - Republican and Democrat Perspectives
• (04:04) - Understanding Cuts and Dynamic Scoring
• (06:10) - Medicare and Eligibility Changes
• (08:23) - State and Local Tax Deduction Debate
• (11:13) - House vs. Senate: Political Dynamics
• (17:24) - New Proposals: Tips, Overtime, and More
• (29:16) - Temporary Tax Law and Its Implications
• (33:55) - Challenges with No Tax on Overtime
• (39:34) - Successful 2025 Filing Season Recap
• (44:45) - Proposed Budget Cuts and Their Impact
• (51:44) - New IRS Leadership and Future Outlook
• (56:43) - Conclusion and Future Updates

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Giles Pearson, co-founder of Accounttests and former PwC partner, shares how one disastrous hire led him to revolutionize recruiting in the accounting profession. The conversation explores why traditional hiring methods fail, how skills and personality testing can predict job success, and reveals the shocking statistics about resume dishonesty. Roger and Annie also dive into New Zealand's streamlined tax system where 90% of taxpayers never file returns, sparking a fascinating debate about whether such simplicity could ever work in the United States.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (01:56) - Introducing the Guest: Gilles Pearson
• (03:22) - Challenges in Hiring and the Birth of Accountests
• (05:26) - The Importance of Testing in Hiring
• (08:29) - The Role of Personality and Skills Tests
• (14:13) - Developing Effective Tests for Accountants
• (24:45) - Personality Profiles and Team Dynamics
• (31:45) - Using Tests for Employee Development
• (34:47) - Succession Planning in Smaller Firms
• (37:02) - Accountant Stereotypes and Communication Challenges
• (40:54) - The Role of Personal Interaction in Accounting
• (45:08) - Streamlined Hiring Process with Account Tests
• (49:08) - Comparing Tax Systems: US vs New Zealand
• (57:08) - Final Thoughts and Farewell

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Former IRS Commissioner Danny Werfel joins Roger and Annie for a wide-ranging conversation about his tenure leading the nation's tax agency during a period of unprecedented funding and modernization efforts. Werfel discusses the challenges of rebuilding IRS operations, his decision to resign during the transition to Trump, and his concerns about maintaining tax system stability while pursuing automation and reform. Using memorable analogies—from unpowered refrigerators to football stadiums under construction—he offers frank insights into what it takes to run a healthy tax system and why strong tax administration is essential for economic stability.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome Former IRS Commissioner Danny Werfel to Federal Tax Updates
• (03:37) - Commissioner's Background and Expertise
• (07:17) - Challenges and Opportunities at the IRS
• (11:43) - IRS Modernization and Future Vision
• (23:39) - The Importance of a Tax System
• (29:11) - Why Commissioner Werfel Left the IRS
• (31:08) - Navigating the Transition Period
• (31:42) - Seeking Guidance from the Incoming Treasury Secretary
• (34:42) - The Importance of Listening and Feedback
• (42:53) - Challenges with the Employee Retention Credit
• (50:10) - What Changes Would You Implement if You Had Total Control
• (53:59) - Future Plans and Reflections
• (56:21) - Georgia Football and Final Thoughts

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

Roger and Annie discuss important tax updates that occurred during the busy tax season, including new IRS guidance on Employee Retention Credits and the current status of Beneficial Ownership Information reporting requirements. They explore the significant staffing challenges and leadership turnover at the IRS, with insights from Roger's recent visit to Washington DC. The hosts then shift focus to post-tax season priorities for practitioners, offering advice on evaluating software, optimizing client relationships, and implementing strategies to improve profitability and efficiency for the next filing season.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome Back to Federal Tax Updates
• (02:02) - Post-Tax Season Reflections
• (03:18) - Employee Retention Credit Updates
• (12:20) - Beneficial Ownership Information Reporting
• (18:55) - Current Legislative Landscape in DC
• (25:34) - IRS Staffing and Morale Issues
• (31:37) - Challenges Facing the IRS
• (37:27) - Post-Tax Season Business Strategies
• (42:08) - Client Management and Pricing Strategies
• (47:11) - Maximizing Client Relationships and Billing Opportunities
• (51:07) - Preparing for the Next Tax Season
• (52:46) - Summer Plans and Final Thoughts

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

For our milestone 50th episode, Roger Harris and Annie Schwab welcome Terry Lemons, who spent 26 years at the IRS including 11 years as Chief of Communications and Liaison. Terry shares insights from working with six different IRS commissioners, preparing officials for congressional testimony, and navigating public perceptions of the agency. The conversation explores the critical role of the tax professional community, challenges facing the IRS today, and lessons from past filing season successes and failures.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

• (00:00) - Welcome to Federal Tax Updates
• (01:44) - Celebrating the 50th Podcast with Special Guest Terry Lemons
• (03:23) - Terry Lemons' Journey to the IRS
• (06:47) - The Role and Influence of IRS Commissioners
• (11:33) - Preparing a Commissioner to Testify Before Congress
• (22:28) - Challenges and Perceptions of Working at the IRS
• (28:43) - Debunking IRS Agent Myths
• (30:57) - IRS Efficiency and Transformation
• (32:24) - Challenges and Improvements at the IRS
• (33:46) - Reflecting on Filing Seasons
• (36:04) - Historical IRS Challenges
• (40:24) - Future Tax Law Changes and Implications
• (44:31) - Terry's Retirement Plans
• (46:07) - The Importance of Tax Professionals Community
• (52:15) - Final Thoughts and Farewell

Connect with Terry Lemons
https://www.linkedin.com/in/terry-lemons-77b3641a9

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

In this episode, Roger sits down with Catharine Madeley, a tax practitioner who recently experienced a data breach at her firm. Catherine shares her firsthand account of how the breach unfolded, the steps she took to respond, and the lessons she learned along the way. She offers valuable insights into the importance of having a robust cybersecurity plan, the critical role of communication with clients, and the need to be proactive in protecting sensitive client information.

*This is a replay of an episode that originally aired in March, 2024.

• (00:00) - Welcome to the Federal Tax Updates Podcast
• (01:30) - Introducing Our Guest: Catharine Madeley
• (03:26) - The Harrowing Tale of a Data Breach
• (04:29) - The Initial Discovery and Immediate Response
• (14:36) - Navigating the Aftermath: Investigation and Recovery
• (23:42) - Reflections and Lessons Learned from the Cybersecurity Incident
• (25:58) - The Aftermath of a Data Breach: A Personal Account
• (26:45) - Law Enforcement's Response to Small Scale Breaches
• (28:36) - Navigating IRS Procedures After a Breach
• (29:51) - The IRS Practitioner Relief Opt-In Program: A Lifeline
• (32:42) - Client Communication and Response to the Breach
• (42:55) - Lessons Learned and Moving Forward
• (49:28) - Final Thoughts and Advice

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Roger and Annie welcome guest Bob Kerr to discuss proposed changes to Circular 230, the regulations governing practice before the IRS. They explore contentious issues including contingent fees being classified as "disreputable conduct," expanded rights for non-credentialed preparers, and new requirements for reporting client errors. Bob shares insights from the recent hearing and explains why practitioners shouldn't expect final regulations until at least 2026.

• (00:00) - Welcome to Federal Tax Updates
• (02:20) - Introducing Special Guest Bob Kerr
• (03:32) - Overview of Circular 230
• (04:59) - Proposed Changes to Circular 230
• (15:17) - Contingent Fees Debate
• (30:30) - Limited Practice Discussion
• (36:22) - Voluntary IRS Programs and Their Impact
• (38:10) - Competency and Practitioner Requirements
• (39:33) - Knowledge of Errors and Omissions
• (42:31) - Proposed IRS Regulations and Practitioner Responsibilities
• (49:41) - Best Practices and Circular 230
• (57:30) - Conclusion and Future Expectations

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips

Roger and Annie provide critical updates on the Treasury Department's decision to halt Corporate Transparency Act penalties and enforcement requirements, bringing relief to tax practitioners and their clients. They break down the six-step reconciliation process for tax reform, offering clarity on where current legislation stands and what might be coming. The hosts also discuss concerns about potential IRS workforce reductions, upcoming technology improvements, and preview changes to Circular 230 regulations that will impact tax practice management.

{campaign_start}}

• (00:00) - Introduction and Welcome
• (02:04) - BOI Reporting Updates
• (02:50) - Corporate Transparency Act Penalties
• (05:46) - Guidance for Clients on BOI Compliance
• (11:03) - Government Shutdown Concerns
• (15:27) - Reconciliation and Tax Reform Process
• (26:15) - Debating the Impact of Tariffs
• (26:57) - Abolishing the IRS: Feasible or Fantasy?
• (29:08) - IRS Workforce Cuts: Immediate Implications
• (29:54) - Challenges of Tax Season Amid Workforce Reductions
• (32:39) - Potential Tax Reforms and Technological Advancements
• (45:31) - Common Tax Filing Mistakes to Avoid
• (47:58) - Upcoming Changes to Circular 230
• (51:19) - Wrapping Up and Final Thoughts

Connect with the Roger and Annie on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media