Federal Tax Updates

IRS Funding, Tax Gaps, and Modern Tech

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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.

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  • (00:00) - Welcome to Federal Tax Updates
  • (01:04) - Introducing Special Guest Annette Nellen
  • (01:55) - Understanding the ERSAC Annual Report
  • (05:09) - Deep Dive into the Tax Gap
  • (07:21) - IRS Funding and Its Impact
  • (18:33) - Tax Literacy and Education Challenges
  • (25:17) - Modernizing the IRS and Funding
  • (30:02) - IRS Hiring Challenges and Misconceptions
  • (31:17) - Impact of Potential Hiring Freeze
  • (32:57) - IRS Strategic Operating Plans and Online Accounts
  • (35:36) - Technological Advancements and Challenges
  • (42:30) - Practice Management and Professional Development
  • (46:34) - Regulating Tax Return Preparers
  • (51:03) - Digital Currency and Cryptocurrency Regulations
  • (54:05) - 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

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    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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    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
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