Episodes

  • How Tax Administration Reforms Could Pass Congress This Year

    How Tax Administration Reforms Could Pass Congress This Year
    Mar 25 2026
    Lawmakers in both chambers of Congress are taking a closer look at a range of bipartisan IRS administration changes. House tax writers have advanced several pieces of legislation that would fix problems identified by taxpayer advocates and tax professionals. Some have become law. Senate Finance Committee lawmakers, meanwhile, recently introduced a large package that includes dozens of provisions that include digitizing more paper returns, providing more online information about refunds, and enhancing standards for tax return preparers. The interest in tax administration suggests there's a willingness among tax writers to try to take action—the key question is how. The two chambers' different approaches show an emerging disagreement over strategy. On this episode of Talking Tax, host David Schultz talks to Bloomberg Tax reporter Chris Cioffi about how a tax administration legislation has been taking shape, as well as the path forward in Congress. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    11 mins
  • Washington's Novel Millionaires Tax Inches Closer to Reality

    Washington's Novel Millionaires Tax Inches Closer to Reality
    Mar 18 2026
    States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump's tax-and-spending law. In Washington state, lawmakers have answered the challenge with a novel tax on millionaires. The legislature recently sent a bill (S.B. 6346) to Gov. Bob Ferguson (D) that would create the state's first income tax. If Ferguson signs it, which he is expected to do, individuals and households in Washington making more than $1 million a year will be subject to a 9.9% income tax. But things won't change in Washington right away. The tax will likely be challenged both in court and at the ballot box, where 10 previous attempts at an income tax have failed. Proponents of the bill say the measure helps correct the state's regressive tax structure that is heavily reliant on sales tax, while opponents say the tax will make the state less competitive. On this episode of Talking Tax, Correspondent Casey Murray discusses the politics and long path ahead for the tax. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    10 mins
  • Tax Filing Season Is Underway: Here's How It's Going So Far

    Tax Filing Season Is Underway: Here's How It's Going So Far
    Mar 11 2026
    There are about five weeks left in tax filing season — the busiest time of year for the IRS and tax preparers. IRS CEO Frank Bisignano told lawmakers earlier this month the tax season has so far been a success, with quick refund turnaround times and a shrinking backlog. That is despite a tumultuous 2025 for the agency, when the IRS lost about a quarter of its workforce to resignation offers, began implementing the GOP's new tax-and-spending law, and managed the fallout of the longest government shutdown in US history. Tom O'Saben, director of tax content and government relations at the National Association of Tax Professionals, said tax preparers also aren't hearing a ton of complaints from clients either. On this episode of Talking Tax, O'Saben joined Bloomberg Tax reporter Erin Slowey to discuss how filing season is going, the impact of changes from the 2025 law, and what to do if you don't have the money to pay taxes by the deadline. "Don't put your head in the sand and say 'I know I am going to owe so I am just not going to file,'" O'Saben said. "That's a bad idea." Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    17 mins
  • States Still Decoupling From GOP Tax Law Deep Into Filing Season

    States Still Decoupling From GOP Tax Law Deep Into Filing Season
    Mar 4 2026
    Tax-filing season is well underway, and yet many states are still figuring out whether to conform to or decouple from provisions in last year's GOP-led tax overhaul, especially the deductions and other breaks for corporate taxpayers. The upshot is one of the more complicated filing periods in recent years. Corporate taxpayers are watching which states reject federal tax policy changes, such as those related to immediate expensing for research and development or property investments. Just in the past week, lawmakers in Republican-controlled states like Florida and Democrat-led states like Oregon moved ahead in decoupling from some of those corporate tax provisions to preserve billions of dollars in state revenue. Then there's the unique situation in Washington, DC, where a local law severing the city's tax code from more than a dozen provisions in the 2025 federal tax rewrite was met with Congress's formal disapproval. That set off a dispute between Capitol Hill and city leaders over whether the district's decoupling measure is in effect. (DC officials say it is.) Most of all, corporate taxpayers are looking for clarity from the states as they plan their filings, Scott Roberti, a managing director focusing on state and local tax in EY's national tax practice, says on this week's episode of Talking Tax. Roberti tells Bloomberg Tax editor Benjamin Freed that so far, at least 17 states have issued some sort of guidance on the conformity issue. Roberti hopes the remainder finish up soon in time for the end of filing season and quarter-end accounting. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    13 mins
  • Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

    Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches
    Feb 25 2026
    The Supreme Court's decision to nix a wide swath of the Trump administration's tariffs comes with some big tax and transfer pricing questions for tax executives as companies battle to collect refunds from the government. The court's 6-3 ruling sets up what would be a messy refund process, though the justices basically said nothing about it, leaving companies to take their claims to court. If the refunds come in, businesses will have to figure out how to apportion funds across subsidiaries —sometimes across borders — without breaking transfer pricing rules, which govern the pricing of affiliate transactions and ultimately determine where taxes are owed. The rules say related-party transfers must be priced as though they were done at arm’s length, in the open marketplace. Companies that don't do it right risk a tax agency audit. On this episode of Talking Tax, Bloomberg Tax transfer pricing reporter Caleb Harshberger discusses the sticky tax and transfer pricing issues surrounding tariffs and the possibility of refunds. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    12 mins
  • DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup

    DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup
    Feb 18 2026
    Tax enforcement has entered a new age. The decades-old Justice Department Tax Division is now split between the broader civil and criminal divisions. Critics say the reorganization sends a signal that tax enforcement won't be a priority. While the reorganization may mean tax attorneys are pulled into different DOJ priorities, it also could mean more investigations will include tax charges, said Karen Kelly, who was the top official at the DOJ Tax Division before she joined Kostelanetz as a partner in August. DOJ tax attorneys are prioritizing immigration, fraud, and investigations into tax-exempt organizations that may have ties to "Antifa," Kelly said. The latter refers to an informal collection of people with left-leaning views that was a focus of a recent directive from Attorney General Pam Bondi. On this episode of Talking Tax, Kelly sits down with Bloomberg Tax reporter Erin Schilling to discuss DOJ's tax enforcement priorities, changing strategies, and how taxpayers should prepare. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    17 mins
  • State Tax Breaks for Data Centers Come Under Fire With AI Boom

    State Tax Breaks for Data Centers Come Under Fire With AI Boom
    Feb 11 2026
    Data centers have emerged as a major political target in state capitals as they proliferate across the country and elected officials hear complaints from their voters about the massive, energy-guzzling warehouses. That has put tax breaks for data centers—which can amount to hundreds of millions of dollars annually in some states—squarely in the legislative cross hairs. State lawmakers in more than a dozen states have introduced legislation to repeal sales tax exemptions or raise the bar to qualify for them. Support for rolling back incentives cuts across party lines, with Republicans and Democrats expressing opposition to subsidizing a rapidly growing industry. But the industry's boosters also cross party lines, and two Republican governors have vetoed attempts in previous years to repeal the tax breaks. On this episode of Talking Tax, Bloomberg Tax reporter Daniel Moore discusses how these tax exemptions work, why they've grown so much, and how they could change this year. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    15 mins
  • US Audit Board Awaits Latest Shake-Up With New Slate of Leaders

    US Audit Board Awaits Latest Shake-Up With New Slate of Leaders
    Feb 4 2026
    A new slate of leaders is poised to make its mark on the US audit board and launch the next chapter for the embattled regulator. Among those set to serve on the Public Company Accounting Oversight Board are two administration officials who have held key roles at federal agencies targeted by a White House campaign to hobble federal agencies and derail regulations. Those agencies include the Consumer Financial Protection Bureau and the National Credit Union Administration. The PCAOB last year was also caught up in the administration’s efforts to rein in the federal bureaucracy. Republican lawmakers attempted to sunset the board and hand its duties over to the Securities and Exchange Commission, which oversees the board and named the new leaders. On this episode of Talking Tax, Senior Reporter Amanda Iacone discusses the incoming board members and what this latest leadership shake-up means for the future of the independent audit regulator. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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    14 mins