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Innhold levert av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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1099-K Thresholds, Crypto Reporting, and the Future of IRS Filing

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Innhold levert av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Special guest Wendy Walker, VP of Regulatory Affairs at Sovos and Chair of IRSAC's Information Reporting Committee, breaks down the latest developments in 1099-K reporting thresholds and the upcoming 1099-DA form for digital assets. The discussion explores the practical challenges facing tax professionals as payment platforms struggle with reporting requirements, while also examining how the IRS is modernizing its systems to handle electronic filing.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome to Federal Tax Updates
  • (02:04) - Special Guest Introduction: Wendy Walker
  • (03:14) - Discussion on IRS Advisory Council and Information Reporting
  • (04:28) - Deep Dive into 1099K Reporting
  • (05:43) - Challenges and Uncertainties in 1099K Reporting
  • (08:46) - Impact on Taxpayers and Tax Professionals
  • (11:43) - Platform Issues and Reporting Complexities
  • (25:12) - IRS Matching and Compliance
  • (27:07) - Future of Electronic 1099s
  • (29:24) - New 1099 DA Form Explained
  • (30:10) - Challenges with Current Reporting
  • (32:22) - Future of Cryptocurrency Reporting
  • (40:36) - IRS Modernization Efforts
  • (50:48) - Wrap Up and Future Plans

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

Connect with Wendy Walker
https://www.linkedin.com/in/wendy1099

Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

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

  continue reading

48 episoder

Artwork
iconDel
 
Manage episode 449637549 series 3436441
Innhold levert av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Earmark Media, Roger Harris, EA, Annie Schwab, and CPA eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Special guest Wendy Walker, VP of Regulatory Affairs at Sovos and Chair of IRSAC's Information Reporting Committee, breaks down the latest developments in 1099-K reporting thresholds and the upcoming 1099-DA form for digital assets. The discussion explores the practical challenges facing tax professionals as payment platforms struggle with reporting requirements, while also examining how the IRS is modernizing its systems to handle electronic filing.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome to Federal Tax Updates
  • (02:04) - Special Guest Introduction: Wendy Walker
  • (03:14) - Discussion on IRS Advisory Council and Information Reporting
  • (04:28) - Deep Dive into 1099K Reporting
  • (05:43) - Challenges and Uncertainties in 1099K Reporting
  • (08:46) - Impact on Taxpayers and Tax Professionals
  • (11:43) - Platform Issues and Reporting Complexities
  • (25:12) - IRS Matching and Compliance
  • (27:07) - Future of Electronic 1099s
  • (29:24) - New 1099 DA Form Explained
  • (30:10) - Challenges with Current Reporting
  • (32:22) - Future of Cryptocurrency Reporting
  • (40:36) - IRS Modernization Efforts
  • (50:48) - Wrap Up and Future Plans

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

Connect with Wendy Walker
https://www.linkedin.com/in/wendy1099

Connect with the Hosts on LinkedIn
https://www.linkedin.com/in/rogerharrispbs/
https://www.linkedin.com/in/annie-schwab-852418261/

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

  continue reading

48 episoder

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