In this episode, firm lawyers Joel Crouch and Naveid Jahansouz delve into key recent developments in the tax landscape. They discuss noteworthy IRS procedural changes, including the revised penalty assessments for late-filed foreign gift forms, offering taxpayers more leniency with reasonable cause statements. They explore significant court cases like Ruby Tang v. Commissioner, where an IRS employee's unusual tax deductions led to a public trial, and Beyoncé Knowles-Carter v. Commissioner, which reveals that even celebrities aren't immune to tax disputes. The hosts also cover the IRS’s recent focus on pass-through entities and complex partnership audits, as well as the rising importance of compliance with the Corporate Transparency Act and evolving crypto regulations. This episode is packed with insider knowledge and practical insights, valuable for tax professionals and anyone keen to understand the latest in tax enforcement and policy changes.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Law & Order: Criminal Justice System - Season 1 & Season 2
Season Two Out Now! Law & Order: Criminal Justice System tells the real stories behind the landmark cases that have shaped how the most dangerous and influential criminals in America are prosecuted. In its second season, the series tackles the threat of terrorism in the United States. From the rise of extremist political groups in the 60s to domestic lone wolves in the modern day, we explore how organizations like the FBI and Joint Terrorism Take Force have evolved to fight back against a multitude of terrorist threats.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com