IRS Key Updates: ERC, EITC, and Government Shutdown Plans
09/29/23 • 32 min
Robert Kerr, formerly with the IRS and now with Kerr Consulting, discusses latest developments from the IRS, including the tax agency’s plans for a government shutdown and its handling of the employee retention credit.
For additional coverage, read these articles in Tax Notes:
- Looming Shutdown Threatens to Derail IRS’s Progress
- IRS Isn’t Shutdown-Proof After All
- IRS to Scale Back EITC Audits, Citing Racial Disparities
- NTEU: IRS’s Push to Hire 3,700 Auditors Is Doable but Difficult
- IRS Floats Adding Partnerships to Prefiling Compliance Program
- IRS Hopes to Sic 3,700 New Revenue Agents on Big Businesses
- IRS Halts ERC Claims Processing Amid ‘Tsunami’ of Fraud
Follow us on Twitter:
- Jonathan Curry: @jtcurry005
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart
Robert Kerr, formerly with the IRS and now with Kerr Consulting, discusses latest developments from the IRS, including the tax agency’s plans for a government shutdown and its handling of the employee retention credit.
For additional coverage, read these articles in Tax Notes:
- Looming Shutdown Threatens to Derail IRS’s Progress
- IRS Isn’t Shutdown-Proof After All
- IRS to Scale Back EITC Audits, Citing Racial Disparities
- NTEU: IRS’s Push to Hire 3,700 Auditors Is Doable but Difficult
- IRS Floats Adding Partnerships to Prefiling Compliance Program
- IRS Hopes to Sic 3,700 New Revenue Agents on Big Businesses
- IRS Halts ERC Claims Processing Amid ‘Tsunami’ of Fraud
Follow us on Twitter:
- Jonathan Curry: @jtcurry005
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart
Previous Episode
Cryptocurrency and the Newly Proposed Tax Rules on Digital Assets
Garrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions.
For additional coverage, read these articles in Tax Notes:
- Tax Pros Wary of Overly Inclusive Crypto Reporting Regs
- Decentralized Exchanges Considered Brokers Under Proposed Regs
- Proposed Regs Provide Guidance on Digital Asset Sales and Exchanges
Follow us on Twitter:
**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart
Next Episode
Race-Based Poll Taxes and 20th-Century Discrimination
Professor Jeremy Bearer-Friend of the George Washington University Law School discusses poll taxes in the 20th century and how they were used to target taxpayers based on race and ethnicity.
For more, read Bearer-Friend's article, "Race-Based Tax Weapons."
Listen to more Tax Notes Talk episodes from our critical tax theory series:
- Examining Treasury’s Review of Racial Bias in the U.S. Tax Code
- Is IRS Tax Enforcement Colorblind?
- State Tax Authority and Native Americans: Complex and Convoluted
- Wealth, Inequality, and Taxes in the U.S.
- Feminism and the Tax Code
- Taxes and the LGBTQ Community
- Addressing Racial Inequity in State and Local Tax Policy
- The Tax Code and Economic Justice in America
- How Racial Diversity Shaped U.S. International Tax Policy
Follow us on Twitter:
- Joe Thorndike: @jthorndike
- David Stewart: @TaxStew
- Tax Notes: @TaxNotes
**
This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax.
This episode is sponsored by the University of Cincinnati. For more information, visit online.uc.edu/taxation.
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.
***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart
Tax Notes Talk - IRS Key Updates: ERC, EITC, and Government Shutdown Plans
Transcript
This transcript has been edited for length and clarity.
David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International. This week: navigating choppy seas.
All eyes have been on the IRS lately as Commissioner [Daniel] Werfel works to improve the agency, while Congress debates taking back some or all of its $80 billion funding from the Inflation Reduction Act. Add to that a looming government shutdown,
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