IRS Funding, Tax Gaps, and Modern Tech

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Federal Tax Updates

Roger Harris, EA and Annie Schwab, CPA

72 episodes

2 days ago

CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.

All content for Federal Tax Updates is the property of Roger Harris, EA and Annie Schwab, CPA and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

IRS Funding, Tax Gaps, and Modern Tech

Federal Tax Updates

56 minutes

9 months ago

IRS Funding, Tax Gaps, and Modern Tech

Former IRSAC Chair Annette Nellen joins Roger and Annie to discuss critical challenges facing the IRS and tax administration. The conversation explores the growing tax gap, the importance of consistent IRS funding, and efforts to modernize taxpayer services through online accounts and digital solutions. The discussion also delves into proposals for tax preparer regulation, continuing education requirements for enrolled agents, and the complexities of implementing cryptocurrency reporting requirements.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips

(00:00) - Welcome to Federal Tax Updates
(01:35) - Introducing Special Guest Annette Nellen
(02:26) - Understanding the ERSAC Annual Report
(05:40) - Deep Dive into the Tax Gap
(07:52) - IRS Funding and Its Impact
(19:04) - Tax Literacy and Education Challenges
(25:48) - Modernizing the IRS and Funding
(30:33) - IRS Hiring Challenges and Misconceptions
(31:48) - Impact of Potential Hiring Freeze
(33:28) - IRS Strategic Operating Plans and Online Accounts
(36:50) - Technological Advancements and Challenges
(43:44) - Practice Management and Professional Development
(47:48) - Regulating Tax Return Preparers
(52:17) - Digital Currency and Cryptocurrency Regulations
(55:19) - Conclusion and Final Thoughts

Connect with Annette Nellen
https://www.linkedin.com/in/annette-nellen-7448824

IRSAC Report
https://www.irs.gov/pub/irs-pdf/p5316.pdf

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/

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This podcast is a production of the Earmark Media