The Essential Tax Podcast with Mishkin Santa, Episode 23

In this episode of The Essential Tax Podcast, Mishkin Santa with Lisa Sparagna, whose journey into mindfulness and meditation spans nearly two decades. Lisa's mission is simple yet profound: to create a nurturing space where each person can reconnect with their own inner wisdom, finding peace and clarity in today's busy world.

Tune in for these key takeaways:

 * The physical and mental health challenges associated with tax season, including the stress on both clients and tax professionals

* Lisa’s journey in mindfulness and meditation, emphasizing the importance of mental and physical well-being

 * Practical tips on hydration, nutrition, sleep hygiene, and mindfulness practices to manage stress effectively

* The importance of creating daily rituals, including end-of-day shutdowns and mindfulness exercises, to maintain a healthy work-life balance.

Learn more about Lisa Sparagna:

 * Connect with Lisa on LinkedIn: https://www.linkedin.com/in/lisasparagna

 * Visit Lisa’s website: https://www.lisasparagna.com

 * Visit Lisa’s YouTube channel: https://www.youtube.com/@lisasparagna7335

 * Join Lisa in Ireland for Celtic Calm: Yoga and Meditation in the Irish Countryside: https://truenaturetravels.com/retreats/ireland-lisa-lana-2025/?fbclid=PAZXh0bgNhZW0CMTEAAab3OOPQ3CvVDSqSdgE3dKp-VFRj5J65n-reXsYSNAHUfJTbd2gdB5h7Hdw_aem_vGQT7_R99lUJ8Ib-D3H8uw

 * Join Lisa on Monday nights for guided meditations: https://www.lisasparagna.com/classes-and-workshops?fbclid=PAZXh0bgNhZW0CMTEAAaYjq9lQoGyJAPjDqRiNl4WDzDD4XwtiUj6Zea8xtsC1ac2jXBgNsAYeN4k_aem_XuqXQbTGQzTK5tkyqyLTiw

Further resources:

 * Mental and Physical Health: 

**https://www.urmc.rochester.edu/behavioral-health-partners/bhp-blog/april-2018/5-4-3-2-1-coping-technique-for-anxiety.aspx

**https://hr.umich.edu/benefits-wellness/health-well-being/mhealthy/faculty-staff-well-being/physical-activity/time-move

 * Sleep Schedule: https://www.sleepfoundation.org/sleep-hygiene/how-to-reset-your-sleep-routine

 * Practicing Mindfulness: https://www.mayoclinic.org/healthy-lifestyle/consumer-health/in-depth/mindfulness-exercises/art-20046356

 * Closing down for the day: https://getlyric.com/strategies-for-the-end-day-office-shutdown-ritual

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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 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 22

In this episode of The Essential Tax Podcast, Mishkin Santa with Dean Sonderegger, Senior Vice President and General Manager, Canada and Research & Learning of Wolters Kluwer Tax and Accounting North America.

Tune in for these key takeaways:

Learn more about Dean Sonderegger:

 * Visit the Tax and Accounting page on Wolters Kluwer’s website: https://www.wolterskluwer.com/en/tax-and-accounting

 * View Dean’s profile on Wolters Kluwer’s website: https://www.wolterskluwer.com/en/experts/dean-sonderegger

 * Connect with Dean on LinkedIn: https://www.linkedin.com/in/deansonderegger

 * Follow Wolters Kluwer on LinkedIn: ​​https://www.linkedin.com/company/wolterskluwertaaus

 * Visit Wolters Kluwer’s YouTube Channel: https://www.youtube.com/WoltersKluwerTAAUS

 * Follow Wolters Kluwer on Facebook: https://www.facebook.com/wolterskluwer

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

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 21

In this episode of The Essential Tax Podcast, Mishkin Santa features Russell Sullivan, a tax expert, attorney, and shareholder at Brownstein Hyatt Farber Schreck. He is also Chair of Brownstein’s National Tax Policy Group.

Tune in for these key takeaways:

Learn more about Russ Sullivan:

 * Read Russell’s profile on Brownstein’s National Tax Policy Group’s website:  https://www.bhfs.com/people/attorneys/p-s/russell-sullivan

 * Connect with Russell on LinkedIn: https://www.linkedin.com/in/russ-sullivan

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

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 20

In this episode of The Essential Tax Podcast, Mishkin Santa discusses international tax topics involving Canada, Germany, France, Israel, and more! 

Tune in for these key takeaways:

Further Resources:

 * Canada: https://www.canada.ca/en/taxpayers-ombudsperson/programs/reports-publications/annual-reports/annual-report-2023-2024.html

 * Scotland: https://www.gov.scot/publications/scottish-income-tax-2025-2026-factsheet/pages/2

 * UAE: https://www.thenationalnews.com/business/economy/2024/12/09/uae-to-introduce-new-15-tax-on-large-multinational-companies

 * United Kingdom: https://www.nao.org.uk/wp-content/uploads/2024/11/hm-revenue-customs-overview-2023-24.pdf

 * Community Associations Case (FinCEN BOI): https://law.justia.com/cases/federal/district-courts/virginia/vaedce/1:2024cv01597/559803/40

 * Texas Top Cop Shop Case (FinCEN BOI): https://law.justia.com/cases/federal/district-courts/texas/txedce/4:2024cv00478/230466/30

 * FinCEN BOI Alerts: https://www.fincen.gov/boi

 * Paul Bruyea Case (NIIT): https://law.justia.com/cases/federal/district-courts/federal-claims/cofce/1:2023cv00766/47666/31

 * Revenue Ruling 2023-14 (Staking): https://www.irs.gov/pub/irs-irbs/irb23-33.pdf

 * TIGTA 2023 Report on DAIO: https://www.tigta.gov/sites/default/files/reports/2023-12/2024ier005fr.pdf

 * Digital Asset Initiative: https://www.irs.gov/newsroom/irs-adds-two-key-experts-to-focus-on-cryptocurrency-other-digital-assets

 * FOIA Lawsuit on Puerto Rico Act 22 Citation: Center for Popular Democracy v. IRS; No. 1:24-cv-0292 

 * US Exit Tax Expatriate List: https://public-inspection.federalregister.gov/2024-25123.pdf

 * IRS Notice 2024-78 (FATCA Relief): https://www.irs.gov/pub/irs-drop/n-24-78.pdf

 * Schwarzbaum Case: https://casetext.com/case/united-states-v-schwarzbaum-13

 * Saydam Case: https://casetext.com/case/united-states-v-saydam

 * Jenner Case: https://casetext.com/case/jenner-v-commr-of-internal-revenue-2

 * Adams Case: https://law.justia.com/cases/federal/appellate-courts/cadc/23-1063/23-1063-2024-12-06.html

 * Zhang Case: https://dockets.justia.com/docket/california/candce/5:2024cv08210/439751

 * IRC 6751: https://www.law.cornell.edu/uscode/text/26/6751

 * Mukhi II (5471 Penalty Case): https://www.casemine.com/judgement/us/6742abd0395a1d617fc847fd

 * Safdieh (5471 Penalty Case): https://casetext.com/case/safdieh-v-commr-of-internal-revenue

 * Beyonce Tax Case: https://casetext.com/case/knowles-carter-v-commr-of-internal-revenue

 * TIGTA Report on PPS Fraud: https://www.tigta.gov/sites/default/files/reports/2024-10/2025ier001fr.pdf

 * IRS Inflation Adjustments (Rev. Proc. 2024-40): https://www.irs.gov/pub/irs-drop/rp-24-40.pdf

 * IRS Pass-Through Compliance Unit: https://www.irs.gov/newsroom/irs-announces-launch-of-pass-through-compliance-unit-in-lbi-new-group-brings-together-teams-of-specialists-from-across-the-agency-to-tackle-large-or-complex-exams

 * TIGTA Report on Form 5329: https://www.tigta.gov/reports/audit/millions-taxpayers-took-early-retirement-distributions-some-did-not-pay-additional

 * Treas. Reg. 301.6651-1(g) (SFR Penalties): https://www.law.cornell.edu/cfr/text/26/301.6651-1

IRS 2024 1099-K Reporting Announcement: https://www.irs.gov/newsroom/irs-provides-transition-relief-for-third-party-settlement-organizations-form-1099-k-threshold-is-5000-for-calendar-year-2024

 * IRS Notice 2024-85: https://www.irs.gov/pub/irs-drop/n-24-85.pdf

 * Taxpayer Advocate Zip Code: https://www.irs.gov/pub/foia/ig/tas/tas-13-1124-0006.pdf

 * FinCEN Storm Victim:

 *  * https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Helene-508.pdf

 *  * https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Milton-FINAL508.pdf

 *  * https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Debby-508.pdf

 *  * https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Beryl-508.pdf

 *  * https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Francine-508.pdf

 * State of New York Matter of Vora Case: https://www.dta.ny.gov/pdf/determinations/830987.det.pdf

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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 make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas.

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

The Essential Tax Podcast with Mishkin Santa, Episode 19

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Randy Johnston, Executive Vice President of K2 Enterprises. Randy teaches technology and acts as consult to technology companies supporting the accounting industry. 

Tune in for these key takeaways:

Learn more about Randy Johnston:

* Connect with Randy on LinkedIn: https://www.linkedin.com/in/rpjohnston

* Visit K2 Enterprises’ website: https://www.k2e.com

* Visit K2 Enterprises’ YouTube channel: https://www.youtube.com/k2enterprises

* Follow K2 Enterprises on Facebook: https://www.facebook.com/K2Enterprises

* Follow Randy on X: https://x.com/RPJohnston

* Check out Randy’s podcast, “The Accounting Technology Lab” 

 * * on Spotify: https://open.spotify.com/show/6sGEHM3m2UzCdS1sfLzZ4g

 * * on Apple: https://podcasts.apple.com/us/podcast/the-accounting-technology-lab/id1723529167

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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 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 18

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Alexandra Britton-Davis, partner at Saffery. Alex advises high-net-worth individuals, trustees, and family offices on their UK tax affairs, estate and succession planning. In particular, she focuses on advising UK-resident non-domiciled individuals and clients with multi-jurisdictional personal or business interests.

Tune in for these key takeaways:

Learn more about Guest Name:

* Connect with Alexandra on LinkedIn: https://www.linkedin.com/in/alexandra-britton-davis

* Read Alexandra’s bio on Saffery’s website: https://www.saffery.com/our-people/alexandra-britton-davis

* Follow Saffrey on LinkedIn: https://www.linkedin.com/company/saffery/mycompany

Further resources:

 * Previous Podcast with Andrea Solana: https://podcasts.apple.com/us/podcast/united-kingdom-tax-law-changes-potential-impact-on/id1754660944?i=1000667168765

 * Saffrey Article on the UK Non-Dom Tax Changes: https://www.saffery.com/insights/articles/non-dom-tax-changes-the-fig-regime-cgt-and-income-tax

 * Saffrey Article on the UK Inheritance Tax Changes: https://www.saffery.com/insights/articles/inheritance-tax-reforms-for-uk-non-doms

 * Saffrey Article on the UK Taxation of Offshore Trust Tax Changes: https://www.saffery.com/insights/articles/taxation-of-offshore-trusts

 * Saffrey Article on the Statutory Residency Test in the UK: https://www.saffery.com/insights/publications/statutory-residence-test

 * Nexia International Network: https://nexia.com

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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 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 17

In this episode of The Essential Tax Podcast, Mishkin Santa talks about tax updates re: digital assets, FBAR litigation, some IRS news, a brand new 2025 US Social Security agreement, state tax updates from California, Maryland, Massachusetts, New York, plus international tax updates re: Brazil, Australia, Romania & France!

Tune to to hear about:

 * Notable tax updates from various countries including Australia, Brazil, France, Spain, and Switzerland

 * Australia's new treasury law amendment affecting withholding tax on real property 

 * Brazil's inheritance tax reform and new amnesty program

 * France's proposed windfall profit tax to address a $20 billion deficit

 * Updates on digital assets, IRS news, and FBAR litigation

 * State-specific tax updates for California, D.C., Maryland, Massachusetts, and New York

 * The U.S.-Romania social security agreement expected in 2025

Listen to a recent episode of The Essential Tax Podcast with guest Delphine Parigi (US-France) for related information:

https://podcasts.apple.com/us/podcast/2024-us-france-cross-border-tax-planning-update-with/id1754660944?i=1000675682853

Further resources:

 * US-Romania Totalization Agreement: https://www.whitehouse.gov/briefing-room/presidential-actions/2024/09/12/letter-to-the-speaker-of-the-house-and-president-of-the-senate-on-the-social-security-totalization-agreement-with-romania

 * Mirabaud Fine: https://www.finma.ch/en/news/2024/09/20240917-mm-mirabaud

 * El Mundo Letter (Shakira): https://www.elmundo.es/papel/firmas/2024/09/03/66d6fcc821efa0e74a8b459d.html

 * New York S. 9907 Deduction for Cash Tips: https://www.nysenate.gov/legislation/bills/2023/S9907

 * New York Appeals Case, In the Matter of Bryant: https://www.dta.ny.gov/pdf/determinations/830818.det.pdf

 * 2024 State of Massachusetts Amnesty Program: https://www.mass.gov/info-details/massachusetts-tax-amnesty-2024

 * Kenneth E. Cosgrove v. Comptroller of Maryland: https://www.courts.state.md.us/data/opinions/cosa/2024/1030s23.pdf

 * IRS Appeals Group Mailbox: https://www.irs.gov/newsroom/independent-office-of-appeals-secure-messaging-program-office-launches-corporate-group-mailbox-pilot-for-large-business-taxpayers-with-multiple-representatives

 * GAO Report on IRS Data Warehouse Security: https://www.gao.gov/products/gao-23-105395

 * GAO Report on IRS Modernization Efforts:  https://www.gao.gov/products/gao-24-106566

 * GAO Report on IRS Information Returns: https://www.gao.gov/products/gao-24-107028

 * Fowler v. Comm'r, 155 T.C. No. 7 (U.S.T.C. Sep. 9, 2020): https://casetext.com/case/fowler-v-commr-14

 * IRS Crowdfunding Fact Sheet: https://www.irs.gov/newsroom/irs-reminds-taxpayers-of-important-tax-guidelines-involving-contributions-and-distributions-from-online-crowdfunding

 * IRS Announcement of High Income, High Net Worth Audits: https://www.irs.gov/newsroom/us-department-of-the-treasury-irs-announce-1-point-3-billion-recovered-from-high-income-high-wealth-individuals-under-inflation-reduction-act-initiatives

 * BFM TV Interview with Bank of France Governor: https://www.bfmtv.com/replay-emissions/l-interview/face-a-face-francois-villeroy-de-galhau-18-09_VN-202409180307.html

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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

The Essential Tax Podcast with Mishkin Santa, Episode 16

In this episode of The Essential Tax Podcast,  Mishkin Santa, J.D., LL.M, talks about potential U.S. tax changes following the 2024 election. He is a Principal at The Wolf Group, focusing on international tax services such as offshore disclosure, pre-immigration planning, and more, drawing on his experience as a former IRS Attorney.

Tune in for these key takeaways:

* Post-Election Tax Implications: Mishkin Santa highlights the 2024 Republican "red sweep" as pivotal for future tax changes.

* Historical Context and TCJA Expiration: Mishkin Santa warns of a 2025 "tax cliff" as key TCJA provisions near expiration.

* Proposed Corporate Tax Adjustments: Mishkin Santa discusses reducing corporate tax rates and adding a 15% rate for manufacturers.

* Individual Tax Proposals: Mishkin Santa mentions tax cuts, SALT cap changes, and exemptions for certain groups.

* International Tax Considerations: Mishkin Santa suggests simplifying taxes for expatriates instead of major overhauls.

Further resources:

 * Tax Cuts and Jobs Act of 2017:

 *  * https://www.law.cornell.edu/wex/tax_cuts_and_jobs_act_of_2017_(tcja)

 *  * https://taxpolicycenter.org/briefing-book/how-did-tcja-change-standard-deduction-and-itemized-deductions

 * SALT Cap: https://taxfoundation.org/taxedu/glossary/salt-deduction

 * Home Mortgage Interest Deduction and Limitation: https://www.nerdwallet.com/article/taxes/mortgage-interest-rate-deduction

 * Qualified Business Income Deduction (IRC 199A): https://www.journalofaccountancy.com/issues/2018/may/sec-199a-deduction-for-qualified-business-income.html

 * The Byrd Rule: https://en.wikipedia.org/wiki/Reconciliation_(United_States_Congress)

 * John Thune: https://en.wikipedia.org/wiki/John_Thune

 * Mike Crapo: https://en.wikipedia.org/wiki/Mike_Crapo

 * Mike Johnson: https://en.wikipedia.org/wiki/Mike_Johnson

 * Jason Smith: https://en.wikipedia.org/wiki/Jason_Smith_(American_politician)

 * Exempting Tip Income: https://taxpolicycenter.org/taxvox/exempting-tips-federal-income-tax-would-benefit-very-few-workers

 * Exempting Income Tax for Firefighters, Police Officers, Veterans, Active Duty Military: https://budgetlab.yale.edu/news/241028/no-tax-police-officers-firefighters-veterans-and-active-duty-military-basic-background

 * Automobile Interest Deduction: https://taxpolicycenter.org/fiscal-facts/how-much-would-auto-loan-interest-deduction-cost

 * TCJA Extension Cost: https://www.crfb.org/blogs/tcja-extension-could-add-4-5-trillion-deficits

 * President Elect Trump Campaign Tax Proposals: https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/

 * Tariffs and Sovereign Wealth Fund:

 *  * https://www.forbes.com/sites/antoniopequenoiv/2024/09/05/trump-proposes-sovereign-wealth-fund-for-us-what-to-know-about-the-state-owned-budget/

 *  * https://taxpolicycenter.org/taxvox/could-tariffs-help-trump-keep-his-promises

 * Death Tax Repeal Act of 2023: https://www.congress.gov/bill/118th-congress/senate-bill/1108

 * 2026 US Senate Election Cycle: https://en.wikipedia.org/wiki/2026_United_States_Senate_elections

 * American Citizens Abroad: https://www.americansabroad.org/

 * US Exit Tax: https://www.irs.gov/individuals/international-taxpayers/expatriation-tax

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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

The Essential Tax Podcast with Mishkin Santa, Episode 15

In this episode of The Essential Tax Podcast, Mishkin Santa speaks with Phil Hodgen, Attorney & Principal at Hodgen Law. Phil provides international (cross border) tax planning for multi-national families and service corporations.

Tune in for these key takeaways:

- The complexities of FIRPTA and the U.S. exit tax

- FIRPTA imposes a 15% withholding tax on the sale of U.S. real property by non-residents, with challenges around obtaining timely 8288B waivers

- Effect of the U.S. exit tax on individuals giving up their U.S. citizenship or long-term residency, triggering a mark-to-market tax on worldwide assets

- Strategies for managing FIRPTA and the exit tax

- Phil’s ongoing work with CalCPA on international tax education and compliance

Learn more about Phil Hodgen:

- Visit PHil’s website: https://hodgen.com

- Email: [email protected]

Further resources:

- CalCPA International Tax Lunch Series 2024: https://store.calcpa.org/catalog/activity/international-tax-lunch-series-2024---126312

- FIRPTA - IRC 897: https://www.law.cornell.edu/uscode/text/26/897

- Wolf Group FIRPTA: https://thewolfgroup.com/videos/firpta-tax-withholding-challenges-on-the-sale-of-u-s-real-estate-by-g-4s-other-nonresidents

- US Exit Tax – IRC 877A:  https://www.law.cornell.edu/uscode/text/26/877A

- Wolf Group Exit Tax: https://thewolfgroup.com/videos/us-exit-tax-what-you-need-to-know

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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 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 19

In this episode of The Essential Tax Podcast, Mishkin Santa is joined by Joshua Smeltzer, Tax and Corporate Lawyer at Gray Reed. Gray Reed is a law firm with over 150 attorneys, with a tax controversy and tax litigation practice led by Joshua. They represent clients throughout the U.S., focusing on complex tax issues.

Tune in for these key takeaways:

 * Loper Bright and the Chevron Doctrine – A detailed breakdown of how the Supreme Court's decision in Loper Bright impacts agency deference, especially the IRS, and why it changes the tax litigation landscape.

 * Administrative Procedures Act – How the APA influences tax guidance and how recent challenges, such as in the digital asset space, highlight the IRS's need to follow formal procedures.

 * Private Letter Rulings (PLRs) – A comprehensive look into the purpose, costs, and risks of seeking a PLR, including why they may or may not be the best strategy for a taxpayer.

 * Tax Controversy Strategy – The importance of understanding IRS processes and leveraging litigation hazards in negotiations for favorable outcomes.

 * Future Tax Changes – Insight into the implications of the TCJA sunset and how upcoming tax reforms may need to address the complexities brought to light by cases like Loper Bright.

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

 * Visit Joshua’s profile on Gray Reed’s Website: https://www.grayreed.com/Our-People/Joshua-D-Smeltzer 

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

Additional Resources: 

 * Corporate Tax Blog, Dollars & Sense - https://dollarsandsense.grayreed.com

 * Blog post, “Gray Reed Partners Submit Comments on Proposed Treasury Regulations” - https://dollarsandsense.grayreed.com/2024/08/gray-reed-partners-submit-comments-on-proposed-treasury-regulations

 * Loper Bright Supreme Court Case - https://www.supremecourt.gov/opinions/23pdf/22-451_7m58.pdf

 * Chevron Deference - https://www.law.cornell.edu/wex/chevron_deference

 * Skidmore Deference - https://www.law.cornell.edu/supremecourt/text/323/134

 * Administrative Procedures Act - https://www.law.cornell.edu/wex/administrative_procedure_act

 * Stop Corporate Capture Act - https://www.congress.gov/bill/118th-congress/house-bill/1507

 * IRS Private Letter Ruling - https://www.irs.gov/faqs/irs-procedures/code-revenue-procedures-regulations-letter-rulings/code-revenue-procedures-regulations-letter-rulings

 * Maryland Private Letter Ruling - https://marylandtaxes.gov/legal-pubs/tech-bulletins/misc/tb-44.pdf

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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 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