AICPA Advocacy Updates: Penalty Relief & More #114
12/09/20 • 38 min
The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters—and 2020 has been an exceptionally busy year. In this episode, guest Melanie Lauridsen, AICPA tax policy and advocacy senior manager, joins host Damien Martin to share what the team has been up to and provide an update on penalty relief and the electronic signature program. Here’s what’s covered:
- Who is Melanie Lauridsen? @3:14
- Penalty relief for late filing and late payment @05:32
- AICPA recommendations for the IRS @10:34
- How the IRS responded to AICPA recommendations @17:39
- The latest on IRS penalty relief @20:07
- Guidance regarding electronic signatures @21:50
- Permanent relief vs. temporary relief @24:28
- Forthcoming permanent solution for power of attorney forms @30:40
- Continuation of temporary relief for next filing season @32:36
- Key focus areas moving forward @33:46
- Comment letter process @34:51
- Closing thoughts @36:16
Learn more about our guest and get additional resources here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters—and 2020 has been an exceptionally busy year. In this episode, guest Melanie Lauridsen, AICPA tax policy and advocacy senior manager, joins host Damien Martin to share what the team has been up to and provide an update on penalty relief and the electronic signature program. Here’s what’s covered:
- Who is Melanie Lauridsen? @3:14
- Penalty relief for late filing and late payment @05:32
- AICPA recommendations for the IRS @10:34
- How the IRS responded to AICPA recommendations @17:39
- The latest on IRS penalty relief @20:07
- Guidance regarding electronic signatures @21:50
- Permanent relief vs. temporary relief @24:28
- Forthcoming permanent solution for power of attorney forms @30:40
- Continuation of temporary relief for next filing season @32:36
- Key focus areas moving forward @33:46
- Comment letter process @34:51
- Closing thoughts @36:16
Learn more about our guest and get additional resources here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
Previous Episode
AICPA Advocacy Updates: PPP & Beyond #113
The American Institute of CPAs (AICPA) Tax Policy & Advocacy Team and volunteer members continually monitor and advocate on legislative, regulatory, and administrative tax matters—and 2020 has been an exceptionally busy year. Guest Amy Wang, AICPA tax policy and advocacy senior manager, joins host Damien Martin to share what the team has been up to and provide an update on Paycheck Protection Program (PPP) loan forgiveness. Here’s what’s covered:
- Update on PPP loan forgiveness and related activity in Washington @01:16
- The latest with AICPA tax policy and advocacy efforts @06:51
- Ways the AICPA has made a difference in the guidance implementation process @17:58
- Key areas of focus going forward @21:12
- Closing thoughts @24:44
BIO FOR GUEST
Amy Wang is a member of the AICPA Tax Policy & Advocacy Team, whose mission is to serve the public interest by helping AICPA members be the most trusted professional providers of tax services, while also advocating sound tax policy and effective administration. She plays a key role in the development of AICPA testimony for tax-related congressional hearings.
Learn more about our guest and get additional resources here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
Next Episode
Top Ten Tax Cases of 2020 with Tony Nitti #115
The twists and turns of 2020 made it difficult to keep up with tax court cases this year, but we’ve got you covered! Frequent guest Tony Nitti returns to the podcast again this year to boil down the key lessons from his top tax cases with host Damien Martin. Here’s what’s covered in our final episode of 2020:
- Bordelon v. Commissioner, T.C. Memo 2020-26 @08:59
- Hakkak & v. Commissioner, T.C. Memo 2020-46 @27:08
- Lucero v. Commissioner, T.C. Memo 2020-136 @41:52
- Duffy v. Commissioner, T.C. Memo 2020-108 @56:48
- Morning Star Packing v. Commissioner, T.C. Memo 2020-142 @1:22:52
- Beckett v. Commissioner, C. Summary Option 2020-19 @1:33:30
- Christensen v. Commissioner, T.C. Memo 2020-14 @1:49:50
- Biddle v. Commissioner, T.C. Memo 2020-39 @1:54:45
- Novoselsky v. Commissioner, T.C. Memo 2020-68 @2:01:58
- Cuthbertson v. Commissioner, T.C. Memo 2020-9 @2:13:23
Learn more about Tony and get additional resources (including the citations for the other cases mentioned in the discussion) here.
GET MORE “SIMPLY TAX”
We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.
A complete archive of our episodes is available on our website and YouTube playlist.
We’d love to hear from you! Email feedback and questions to [email protected].
Connect with Damien on social media!
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