Tune in to this mini episode of The Essential Tax Podcast for practical tips and updates on a timely topic in the international tax realm. Your host, Mishkin Santa, will briefly guide you through the most up-to-date information on this hot tax topic as well as provide his invaluable analysis and expert recommendations.

i. June 10th TIGTA Report: https://www.tigta.gov/sites/default/files/reports/2025-06/2025400026fr.pdf

ii. IRS Website for Amended Tax Returns: https://www.irs.gov/filing/wheres-my-amended-return

About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that makes your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

• YouTube: https://www.youtube.com/@TheWolfGroupPC

• Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

• Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

• Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

• Follow The Wolf Group on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

• Read Mishkin’s bio on The Wolf Group’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Season 2, Episode 4

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Eleni Drakou, Partner at Michael Kyprianou Law Firm, Limassol, Cyprus. Eleni holds a law degree from the Aristotle University of Thessaloniki in Greece and a master’s degree in management (MA) from the University of Wolverhampton Business School in the United Kingdom. Eleni specializes in immovable property law and has extensive immigration law experience. Her practice focuses on strategic planning for business growth in Cyprus and abroad.

Eleni and Mishkin discuss general Cyprus tax and immigration laws, the status of residency by investment and other beneficial tax programs in Cyprus, an overview of Cyprus entities and trusts, and more.

Tune in for these key takeaways:

• Information about the Cyprus 183-day and 60-day tax residency rules

• Details about the new Cypriot Center of Business Interest rule, to be implemented in 2026

• Cyprus income tax rates and reporting requirements

• Cyprus tax exemptions and benefits for non-domiciled individuals

• Details on the upcoming Cyprus tax reform initiatives and associated updates to the Cyprus tax code coming in early 2026

• Available Cyprus Ministry of Finance tax deductions for charitable contributions, home loans, dependents, and rental payments

• Cypriot Wealth and special assessment taxes for immigrating individuals

• Details about the Cyprus Investment Promotion Agency

• Suspension of the Cyprus Citizenship by Investment (CBI) Program and replacement with other paths to naturalization

• How the US Controlled Foreign Corporation (CFC), Foreign Grantor/Non-Grantor Trust, Passive Foreign Investment Company (PFIC), and Foreign Financial Asset reporting rules apply to various aspects of Cyprus financial assets, investments, and entities

• The transition from temporary to permanent tax residency in Cyprus

• Cyprus’s Requirements for reporting worldwide income

• Requirements, purposes, and benefits of establishing a business entity or trust in Cyprus

• Current and potential future Cyprus tax rates for business entities and trusts

Learn more about Eleni Drakou:

• Visit the About page on Michael Kyprianou Law Firm’s website: https://www.kyprianou.com/about/

• View Eleni’s profile on Michael Kyprianou Law Firm’s website: https://www.kyprianou.com/key_contact/eleni-drakou/

• Connect with Eleni on LinkedIn: https://www.linkedin.com/in/elenidrakou/

• Follow Michael Kyprianou Law Firm on LinkedIn: https://www.linkedin.com/company/m-kyprianou-llc/

• Visit Michael Kyprianou Advocates’ YouTube Channel: https://www.youtube.com/channel/UCzOqshpyMFb7nk3EKZeHlWw/videos

• Follow Michael Kyprianou Law Firm on Facebook: https://www.facebook.com/MiKyprianou

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About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that makes your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

• * YouTube: https://www.youtube.com/@TheWolfGroupPC

• * Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

• * Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

• Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

• Follow The Wolf Group on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

• Read Mishkin’s bio on The Wolf Group’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Season 2, Episode 3

In this episode of The Essential Tax Podcast, Mishkin Santa visits with attorney Becki L. Young, Partner, Grossman Young & Hammond. Becki was recently recognized by Business Today as one of the Top 10 Most Influential Business Lawyers in the USA. Mishkin and Becki discuss US immigration policies as they relate to incoming foreign nationals and outgoing American citizens. They also discuss current events in the US immigration sphere.

Tune in for these key takeaways:

• Types of US Immigrant Visas (Green Card, EB Visas)

• Types of US-Non-Immigrant Visas (A, G1-G5 (plus NATO), H1B, F, J, L, M, and O)

• US Visa Wait & Processing Times, Priority Dates, and Best Practices

• The US Department of State’s Visa Bulletin

• Differences in US Tax Treatment by Visa Type

• Challenges of Leaving and/or Re-Entering the US as a Foreign Person

• Changes that the Current US Political Administration Has Brought to the Visa Process
• G28 (Notice of Representation) and How it Can Help During the Immigration Process

• Status of the New US Gold Card Program

• The Process & Timeline for Conversion of Temporary Visa to Green Card

• How the Substantial Presence Test Applies to Various Visa Types

• The Proposed Excise Tax (Remittance Transfer) on Outbound US Monetary Transfers

• The Status of the Current Birthright Citizenship Case in SCOTUS

• The IRC 7345 Limit and How it Can Affect Passport Status

Learn more about Becki L. Young:

• Visit the Resources page on Grossman Young & Hammond’s website: https://www.grossmanyoung.com/resources/

• View Becki’s profile on Grossman Young & Hammond’s website: https://www.grossmanyoung.com/attorneys/becki-young/

• Connect with Becki on LinkedIn: https://www.linkedin.com/in/blyimmigration/

• Follow Grossman Young & Hammond, LLC on LinkedIn: https://www.linkedin.com/company/grossmanyoung/

• Visit Grossman Young & Hammond’s YouTube Channel: https://www.youtube.com/@grossmanyounghammondllc73

• Follow Grossman Young & Hammond, LLC on Facebook: https://www.facebook.com/grossmanyoung/

Further Resources:

• The Visa Bulletin: http://travel.state.gov/content/travel/en/legal/visa-law0/visa-bulletin.html

• Grossman Young & Hammond Website: https://www.grossmanyoung.com/

• The Visa Bulletin: https://travel.state.gov/content/travel/en/legal/visa-law0/visa-bulletin.html

• Third Party Calculators: https://www.mygcvisa.com/calculator/

• Processing Times: https://egov.uscis.gov/processing-times/

• E Visa Treaty Countries: https://travel.state.gov/content/travel/en/us-visas/visa-information-resources/fees/treaty.html

• Gold Card: Trumpcard.gov

• Gold Card Forbes Article: https://www.forbes.com/sites/suzannerowankelleher/2025/05/29/why-trumps-gold-card-visa-may-never-happen-math-does-not-add-up-expert-says/

• IRC 7345: https://www.law.cornell.edu/uscode/text/26/7345

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About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that makes your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

• YouTube: https://www.youtube.com/@TheWolfGroupPC

• Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

• Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

• Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

• Follow The Wolf Group on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

• Read Mishkin’s bio on The Wolf Group’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Season 2, Episode 2 - 2025 US-Australia Cross-Border Tax Update with Tom Howard of Pilot Partners

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Tom Howard, CA, Associate Director of Taxation Advisory at Pilot Chartered Accountants in Brisbane, Queensland, Australia. In this episode, Tom and Mishkin dive into the intricacies of Australian Superannuation, particularly focusing on self-managed super funds (SMSFs) and how they compare to U.S. retirement structures like Roth IRAs and 401(k) plans.

Tune in for these key takeaways:

• The basics of Australian Superannuation—a protected, tax-advantaged retirement savings vehicle

• The flexibility and appeal of Self-Managed Super Funds (SMSFs) for family groups with significant wealth

• Tax benefits of contributing to Australian Superannuation

• The impact of capital gains tax on property investments within SMSFs

• Regulatory limitations on Australian Super contributions

• Challenges for U.S. taxpayers with Australian Super funds

• Complications arising when Australians use their SMSFs to invest in U.S. real estate, including FIRPTA withholding on sales and potential U.S. tax compliance issues

• The process for obtaining rulings from the Australian Tax Office (ATO)

• Some differences between Australia’s private ruling process (no ATO fee) and the U.S. IRS (high fees for private rulings).

Learn more about Tom Howard:

• Visit the Services page on Pilot Partners’ website: https://www.pilotpartners.com.au/services/

• View Tom’s profile on Pilot Partners’ website: https://www.pilotpartners.com.au/people/thomas-howard/

• Connect with Tom on LinkedIn: https://www.linkedin.com/in/tom-howard-231136116/?originalSubdomain=au

• Follow Pilot Partners on LinkedIn: https://www.linkedin.com/company/pilot-partners/

• Visit Pilot Partners’ YouTube Channel: https://www.youtube.com/channel/UCJDG2Jpwm0zy4HsNWtwP2eA

• Follow Pilot Partners on Facebook: https://www.facebook.com/pilotpartners

Further Resources:

• Pilot Partners: https://www.pilotpartners.com.au/

• Form 3520: https://www.irs.gov/forms-pubs/about-form-3520

• Form 3520-A: https://www.irs.gov/forms-pubs/about-form-3520-a

• TWG Foreign Pension Blog Post: https://thewolfgroup.com/blog/proposed-regulations-issued-in-2024-affect-your-options-for-foreign-pension-reporting/

• Form 5471: https://www.irs.gov/forms-pubs/about-form-5471

• Form 8992: https://www.irs.gov/forms-pubs/about-form-8992

• Form 1116: https://www.irs.gov/pub/irs-pdf/f1116.pdf

• Instructions to Form 1116: https://www.irs.gov/instructions/i1116

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About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that makes your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

• YouTube: https://www.youtube.com/@TheWolfGroupPC

• Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

• Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

• Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

• Follow The Wolf Group on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

• Read Mishkin’s bio on The Wolf Group’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, S2 E1

In this episode of The Essential Tax Podcast, Mishkin Santa summarizes key points of the recently proffered House Tax Bill—the “One Big, Beautiful Bill.” A version of this Bill could be signed into law as early as July 2025. Mishkin reviews a few of the newsworthy changes that are proposed relating to hot tax topics such as tax on tips, overtime income, auto loan interest, charitable contributions, and more!

Tune in for these key takeaways:

*The new (and controversial) five percent excise tax on remittance transfers

*Tips and overtime may become tax-deductible

*Proposed changes to tax laws on auto loan interest

*Changes to the Above-the-Line deductions for charitable contributions

*Parents and caregivers may now be able to establish MAGA accounts for children

*Memberships to qualified fitness facilities may be considered medical expenses

*Contingency fees for tax representation could become deductible

*Updates to penalties for unauthorized disclosure of tax information

*Proposed termination of Inflation Reduction Act provisions

*New Section 899: enforcement of remedies against unfair foreign taxes

*Identification of provisions that sunset after 2028, consistent with reconciliation rules

*Senate version is forthcoming

Additional Resources:

Link to the House Bill (The One, Big, Beautiful, Bill or TOBBB): https://waysandmeans.house.gov/wp-content/uploads/2025/05/SMITMO_017_xml.pdf

***********************************

About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that makes your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

* YouTube: https://www.youtube.com/@TheWolfGroupPC

* Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

* Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

* Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

* Follow The Wolf Group on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

* Read Mishkin’s bio on The Wolf Group’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Episode 30

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with David J. Warner, Tax Attorney & Shareholder at Holtz, Slavett & Drabkin, a tax controversy and tax litigation law firm with nine former IRS attorneys.

Tune in for these key takeaways:

 * The complexities of offshore voluntary disclosure with insights into the history and current iterations of the program, including streamlined filing compliance procedures

 * The challenges with Form 5471, Form 3520, and the penalties associated with non-compliance 

 * The potential impact of IRS workforce reductions

 * The future of tax amnesty programs

 * Practical advice for taxpayers with complex international tax issues

Learn more about David Warner:

 * Connect with David on LinkedIn: https://www.linkedin.com/in/davidjwarner

 * Follow Holtz, Slavett & Drabkin, APLC on LinkedIn: https://www.linkedin.com/company/holtz-slavett-&-drabkin

 * Visit Holtz, Slavett & Drabkin, APLC’s website: https://www.hsdtaxlaw.com

 * Follow Holtz, Slavett & Drabkin, APLC on Facebook: https://www.facebook.com/HSDTaxLaw

 * Follow Holtz, Slavett & Drabkin, APLC on X: https://x.com/HSDTaxLaw

Further resources:

 * David’s bio on Holtz, Slavett & Drabkin’s website: https://www.hsdtaxlaw.com/attorneys/david-j-warner

 * TIGTA report on IRS workforce reductions: https://www.tigta.gov/sites/default/files/reports/2025-05/2025ier017fr.pdf

 * IRS streamline landing page: https://www.irs.gov/individuals/international-taxpayers/streamlined-filing-compliance-procedures

***********************************

About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

 * https://www.youtube.com/@TheWolfGroupPC

 * Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

 * Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

 * Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

 * Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

 * Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa

Give a listen to our first mini episode of The Essential Tax Podcast! In this mini-episode, Mishkin provides individual taxpayers with a great overview of the nuances between IRS Forms W9 and W8-BEN.

Resource Links:

US Tax Residents:

Form W9 - https://www.irs.gov/pub/irs-pdf/fw9.pdf

Form 1099-B - https://www.irs.gov/forms-pubs/about-form-1099-b

Form 1099-INT - https://www.irs.gov/forms-pubs/about-form-1099-int

Non-Resident Aliens:

Form W8-BEN - https://www.irs.gov/pub/irs-pdf/fw8ben.pdf

Form 1042-S - https://www.irs.gov/forms-pubs/about-form-1042-s

The Essential Tax Podcast with Mishkin Santa, Episode 29

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with International Tax Lawyer, Carlos Gimeno.

The rules for tax residency in Spain, including the importance of understanding the 183-day rule and the concept of sporadic absences. He highlights the tax implications for US citizens moving to Spain, such as the necessity to tax worldwide income once they become tax residents. Carlos explains the Beckham Law, a special tax regime aimed at attracting foreign talent and investment, which offers significant tax benefits under specific conditions. Other discussed topics include inheritance and gift tax, the impacts of having US business entities like S corporations and LLCs in Spain, and available visa options such as Digital Nomad and Entrepreneurship Visas. The importance of professional tax planning to ensure compliance and optimize tax liabilities is emphasized throughout the discussion.

Tune in for these key takeaways:

* The basics of Spanish tax residency addressing concerts for U.S. persons considering relocation to Spain

* Spain’s progressive tax rates on income, highlighting the disparities across autonomous regions, which influence tax rates significantly

* Spain’s gift and inheritance tax, which can be particularly burdensome due to their high rates and variability across regions

* Visa opportunities and challenges for relocating U.S. persons to live and work

* The advantages and challenges of the Beckham Law — what you need to know

* How Spain treats U.S.-based businesses and advice to reevaluate corporate structures to ensure optimal tax efficiency when transitioning to life and work in Spain

* Anticipated changes to Spanish tax practices, in how Spain’s government such as potential restrictions on foreign property purchases

Learn more about Carlos Gimeno:

* Connect with Carlos on LinkedIn: http://www.linkedin.com/in/carlos-gimeno-masia

* Visit Carlos’ website: http://www.gimenomasia.com

Further resources:

* Digital Nomad Visa (Spain): https://www.exteriores.gob.es/Consulados/londres/en/ServiciosConsulares/Paginas/Consular/Digital-Nomad-Visa.aspx

* Entrepreneur Visa (Spain): https://www.exteriores.gob.es/Consulados/londres/en/ServiciosConsulares/Paginas/Consular/Visado-para-emprendedor.aspx

* Self Employed Work Visa (Spain): https://www.exteriores.gob.es/Consulados/londres/en/ServiciosConsulares/Paginas/Consular/Visado-de-trabajo-por-cuenta-propia.aspx

* Beckham Law (Spain): https://en.wikipedia.org/wiki/Beckham_law

* US-Spain Income Tax Treaty: https://www.irs.gov/businesses/international-businesses/spain-tax-treaty-documents

* US-Spain Totalization Agreement: https://www.ssa.gov/international/Agreement_Pamphlets/spain.html

***********************************

About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

* https://www.youtube.com/@TheWolfGroupPC

* Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

* Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

* Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

* Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

* Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Episode 28

In this episode of The Essential Tax Podcast, Mishkin Santa with David Muenzer, a Certified Financial Education Instructor℠.

Tune in for these key takeaways:

- The importance and process of providing pro bono tax compliance and financial literacy support for victims of human trafficking

- David’s personal experiences and initiatives to be involved with the the Human Trafficking Legal Center

- The need for more CPA firms to participate in pro bono work to assist vulnerable individuals, especially given the cuts in IRS funding and support services

- Key financial advice in areas such as budgeting, credit scores, tax issues, and the complications involved in obtaining taxpayer identification numbers.

- The importance of educating both the victims and the volunteers on tax matters, and how building trust and offering personalized in-person support can make a significant impact

- A call to action for more professionals to get involved and help create a sense of normalcy and ease for victims of human trafficking by providing essential tax and financial services

Learn more about David Muenzer:

 * Connect with David on LinkedIn: www.linkedin.com/in/david-muenzer-11a3a2aa

 * Visit the Human Trafficking Legal Center’s website: https://htlegalcenter.org

 * Can you offer pro-bono services? Contact [email protected]

***********************************

About The Essential Tax Podcast:

In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

Watch or listen to more episodes of The Essential Tax Podcast:

 * https://www.youtube.com/@TheWolfGroupPC

 * Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

 * Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

 * Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

 * Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

 * Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa

The Essential Tax Podcast with Mishkin Santa, Episode 27

In this episode of The Essential Tax Podcast, Mishkin Santa welcomes back “frequent flyer” guest, Joshua Smeltzer. Joshua is a Tax and Corporate Lawyer at Gray Reed, a full-service Texas law firm with a comprehensive range of litigation and transactional practice groups. With 150 attorneys, they are equipped to support companies, and high-net-worth individuals and families, based in Texas or operating within its borders.

Tune in for these key takeaways:

* The challenging environment of cryptocurrency as it relates to tax compliance.

* The current regulatory environment — digital asset regulations in 2025, cryptocurrency compliance, and how these fit into the regulatory landscape

* The potential messiness of duplicated reporting and outdated IRS systems—topics that every tax professional should be aware of.

* Executive orders that complicate the regulatory framework, such as the one from January 31st, mandating the removal of ten regulations for every new one introduced

* The controversial role of lobbying in determining which regulations should be preserved or repealed—a reality highlighting the intricate layers involved in tax policy formation

* High-profile criminal cases involving cryptocurrency, including the case of "Bitcoin Jesus" and the implications for tax advisors

* The critical role of thorough tax advice and warnings of the potential pitfalls of non-compliance, even in cases of simple errors like failing to check a box indicating cryptocurrency activity

* Joshua’s optimistic vision for the future of blockchain and digital assets contingent on the establishment of stable coin regulations

* The importance of staying informed and proactive in navigating tax obligations, especially amidst an unpredictable regulatory environment

Learn more about Joshua Smeltzer:

* Connect with Joshua on LinkedIn: https://www.linkedin.com/in/joshua-smeltzer-bb07714

* Follow Gray Reed on LinkedIn: https://www.linkedin.com/company/grayreed

* Read Joshua’s bio on GrayReed.com: https://www.grayreed.com/Our-People/Joshua-D-Smeltzer

* Follow Joshua on X: https://x.com/JDSmeltzer

* Email: [email protected]

Further resources:

* Previous Podcast with Joshua Smeltzer: https://podcasts.apple.com/us/podcast/irs-regulations-loper-bright-and-private-letter/id1754660944?i=1000677344463

* Joshua Smeltzer Forbes Articles:

** https://www.forbes.com/sites/joshuasmeltzer

** https://www.forbes.com/sites/joshuasmeltzer/2024/12/27/irs-targets-front-end-services-in-defi-reporting-final-regulations

** https://www.forbes.com/sites/joshuasmeltzer/2024/12/30/blockchain-advocates-file-suit-challenging-irs-defi-regulations

** https://www.forbes.com/sites/joshuasmeltzer/2025/01/27/bitcoin-jesus--maryland-lawyer-high-profile-cryptocurrency-tax-cases

* IRS Form 1099-DA: https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf

* Executive Order on Regulations: https://www.whitehouse.gov/presidential-actions/2025/01/unleashing-prosperity-through-deregulation

* Executive Order on Government Staffing: https://www.whitehouse.gov/presidential-actions/2025/02/implementing-the-presidents-department-of-government-efficiency-cost-efficiency-initiative

* February 26th, 2025 Markup by House Ways and Means Committee: https://waysandmeans.house.gov/wp-content/uploads/2025/02/H.J.Res_.-25-Text.pdf

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Watch or listen to more episodes of The Essential Tax Podcast:

* https://www.youtube.com/@TheWolfGroupPC

* Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944

* Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf

Connect and learn more from your host, Mishkin Santa:

* Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta

* Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc

* Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa