Description

This time of year, tax practitioners are normally greeted with the question, “How was tax season?” With the disruption caused by the SARS-CoV-2 virus and the incidence of COVID-19, however, it clearly isn’t business as usual. Host Damien Martin kicks off a multi-episode look at the tax season with BKD’s Jesse Palmer and Gene Morgenthaler to get their insights on approaching challenges and tax planning opportunities. Here’s what’s covered:

• “Just trying to keep on top of everything” [01:36]
• Areas to focus on [05:09]
• Qualified improvement property fix [12:34]
• Surprises from relief provisions [14:48]
• Tips for going forward and opportunities to look for [20:06]
• Wealth transfer considerations [23:13]
• State, local and other considerations [26:27]
• Jesse’s recommended approach [29:20]
• Damien’s advice to businesses and owners [32:14]
• Gene’s background and experience [39:00]
• “Like no other tax season in the last 39 years” [48:02]
• The bottom line for tax professionals to tackle the months ahead [51:40]
• Step back and consider the big picture [56:43]
• Lessons from Gene and tips for a successful tax career [59:54]

Learn more about our guests and get additional resources here.

GET MORE “SIMPLY TAX”

We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel.

A complete archive of our episodes is available on our website and YouTube playlist.

We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com.

Connect with Damien on social media!

LinkedIn | Twitter | Instagram | YouTube