Federal Tax Updates

Your 2024 Tax Season Cheat Sheet

Listen Later

Get ready for the 2024 tax season with Roger and Annie! They cover critical deadlines, documentation tips, e-filing requirements, ERC updates,  and other need-to-know changes that affect small businesses and tax preparers this year.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips


Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Links mentioned in this episode

Chapters

  • (00:00) - Welcome To Federal Tax Updates Episode 24
  • (00:47) - Summary of employee retention credit and updates
  • (02:17) - Overview of voluntary program for repaying improperly claimed credits
  • (08:19) - Key details on the voluntary program
  • (12:32) - Importance of documentation for ERC claims
  • (15:10) - Origins and intentions of the ERC program
  • (18:43) - Potential changes to ERC in Congressional budget negotiations
  • (22:14) - Other letters and updates on ERC claims
  • (24:07) - Expectations for further ERC guidance
  • (28:20) - Using protective claims when amending returns
  • (31:27) - Advice for taxpayers who used third parties for ERC claims
  • (35:39) - Upcoming dates and other filing season reminders
  • (41:15) - Thanks for listening and remember to subscribe
    • Follow the Federal Tax Updates Podcast on Social Media
    twitter.com/FedTaxPod
    facebook.com/FedTaxPod
    linkedin.com/showcase/fedtaxpod

    Connect with the Hosts on LinkedIn
    Roger Harris
    Annie Schwab

    Review
    Leave a review on Apple Podcasts or Podchaser

    Subscribe
    Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

    This podcast is a production of the Earmark Media

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

    ...more
    View all episodesView all episodes
    Download on the App Store
    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    32 ratings

    More shows like Federal Tax Updates

    View all
    WSJ Your Money Briefing by The Wall Street Journal

    WSJ Your Money Briefing

    1,720 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    590 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    181 Listeners

    Your Money, Your Wealth by Your Money, Your Wealth

    Your Money, Your Wealth

    810 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    422 Listeners

    Talking Tax by Bloomberg Tax

    Talking Tax

    111 Listeners

    NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

    NerdWallet's Smart Money Podcast

    897 Listeners

    Tax Notes Talk by Tax Notes

    Tax Notes Talk

    88 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    347 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    257 Listeners

    The Long View by Morningstar, Christine Benz - Director of Personal Finance and Retirement Planning, Ben Johnson - Head of Client Solutions, Amy Arnott - Portfolio Strategist

    The Long View

    930 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    833 Listeners

    The Long Term Investor by Peter Lazaroff

    The Long Term Investor

    145 Listeners

    On Investing by Charles Schwab

    On Investing

    341 Listeners

    Tax in Action: Practical Strategies for Tax Pros by Jeremy Wells, EA, CPA

    Tax in Action: Practical Strategies for Tax Pros

    15 Listeners