Shows
Federal Tax UpdatesIRS Funding, Tax Gaps, and Modern TechFormer 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.SponsorsPadgett - Contact Padgett or Email Jeff Phillips(00:00) - Welcome to Federal Tax Updates
(01:19) - Introducing Special Guest Annette Nellen
(02:10) - Understanding the ERSAC A...2025-02-1056 min
Think Outside the Tax Box2025 Tax Surprises You Shouldn’t Overlook - 01-15-25There are a few tax rules new for 2025 that may catch some individuals and their tax advisers by surprise. These changes have not received lots of attention either because they are overshadowed by related changes that are more significant, or they were enacted a few years back with a future effective date that arrives in 2025. This article covers changes for 2025 that you will want to be sure to share with clients to avoid surprises at a later date.From the article by Annette Nellen, CPA, CGMA, Esq. posted on 01-15-25.This p...2025-01-2416 min
Tax Section OdysseyTax season pulse check — ChatGPT, 1099-K and digital assets Another busy season is upon the profession. With several tumultuous tax seasons in the recent past, the 2023 tax filing season is shaping up to be relatively normal, a welcomed changed for taxpayers, tax practitioners and the IRS. Normalcy doesn’t exactly equate to status quo, however. There are new rules, new guidance releases as well as established items with newfound scrutiny that practitioners and taxpayers need to be aware of. On this Tax Section Odyssey episode, April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, conducts a tax season pulse check with Annette Nellen, CPA, CGMA...2023-03-0936 minTax Section OdysseyTax season pulse check — ChatGPT, 1099-K and digital assets Another busy season is upon the profession. With several tumultuous tax seasons in the recent past, the 2023 tax filing season is shaping up to be relatively normal, a welcomed changed for taxpayers, tax practitioners and the IRS. Normalcy doesn’t exactly equate to status quo, however. There are new rules, new guidance releases as well as established items with newfound scrutiny that practitioners and taxpayers need to be aware of. On this Tax Section Odyssey episode, April Walker, CPA, CGMA, Lead Manager — Tax Practice & Ethics, AICPA & CIMA, conducts a tax season pulse check with Annette Nellen, CPA, CGMA...2023-03-0936 minTax Section OdysseyState implications with the PTE taxAt the end of 2017, the Tax Cuts and Jobs Act (TCJA), P.L. 115-97 delivered the $10,000 state and local tax (SALT) deduction limitation. Before passage of TCJA, individuals who itemized deductions could deduct their state tax payments in full using Schedule A, Itemized Deductions, of their federal Form 1040, U.S. Individual Income Tax Return. Now that the amount of the deduction is limited, shifting the income taxes directly to the passthrough entity swings the deduction upstream. In theory, a basic workaround seems simple. However, the varying mechanics of how each state’s workaround actually works has created co...2022-03-2225 minTax Section OdysseyState implications with the PTE taxAt the end of 2017, the Tax Cuts and Jobs Act (TCJA), P.L. 115-97 delivered the $10,000 state and local tax (SALT) deduction limitation. Before passage of TCJA, individuals who itemized deductions could deduct their state tax payments in full using Schedule A, Itemized Deductions, of their federal Form 1040, U.S. Individual Income Tax Return. Now that the amount of the deduction is limited, shifting the income taxes directly to the passthrough entity swings the deduction upstream. In theory, a basic workaround seems simple. However, the varying mechanics of how each state’s workaround actually works has created co...2022-03-2225 minTax Section OdysseySummer housekeeping reminders for tax practitionersSummer may be in full swing, but tax practitioners still need to be mindful of certain alerts and deadlines that might have gotten lost in the shuffle earlier this year. Annette Nellen, CPA, CGMA, Esq., Tax Professor – MST Program at San Jose State University, and a past Chair of the AICPA Tax Executive Committee, shares her summer hit list of items to be aware of including: Discussion on how to repay any deferred payroll taxes from 2020 Documentation needed for the employee retention credit (ERC) and other COVID-19 payroll tax credits Treatment of other COVID-19 relief including gr...2021-07-2229 minTax Section OdysseySummer housekeeping reminders for tax practitionersSummer may be in full swing, but tax practitioners still need to be mindful of certain alerts and deadlines that might have gotten lost in the shuffle earlier this year. Annette Nellen, CPA, CGMA, Esq., Tax Professor – MST Program at San Jose State University, and a past Chair of the AICPA Tax Executive Committee, shares her summer hit list of items to be aware of including: Discussion on how to repay any deferred payroll taxes from 2020 Documentation needed for the employee retention credit (ERC) and other COVID-19 payroll tax credits Treatment of other COVID-19 relief including gr...2021-07-2229 min
The Accidental Geographer: A Podcast with Vincent Del Casino, SJSU ProvostSeason 2, Episode 3: Annette Nellen, Professor and Director of the MST Program CPA, CGMA, Esq.The Accidental Geographer’s Vincent del Casino speaks with Professor and director of San José State University's graduate tax program, Annette Nellen.
In this conversation, we cover a variety of topics related to the history of taxes and why certain taxes exist in the United States. Nellen challenges the current tax system with her research and outreach and raises a number of important questions about what a more fair tax system might look like.
Credit: Music by Lucas Schwyter / SJSU Music Department; soundcloud.com/schweetbeatz2021-04-1550 min
Journal of Accountancy PodcastHumpty Dumpty meets the tax code In the world of tax law, words have statutorily set definitions or are interpreted by judges using precedent and reason. Annette Nellen, Esq., CPA, CGMA, walks us through four recent decisions by the U.S. Tax Court to show how the precise application of a word or phrase can make a world of difference.2019-12-2323 min