Taxing Topics

IRS Releases Guidance on 174 Domestic R&E Expenditures

Mon, 08 Sep 2025 09:00:00 -0400

In this episode of Taxing Topics, Withum’s Lynn Mucenski-Keck, Partner and Withum’s Federal Tax Policy Lead, breaks down the newly released IRS Revenue Procedure 2025-28 and its impact on domestic research and experimental (R&E) expenditures. Learn how small business taxpayers can leverage immediate deductions for 2024, avoid amendments and accelerate cash refunds. This episode offers impactful insights to help you optimize your tax strategy and boost operational cash flow.

Navigating Accounting and Tax Trends in the Restaurant Industry

Tue, 13 May 2025 12:00:00 -0400

In this episode of Taxing Topics, Withum’s Derek White, Principal, is joined by Jared Feldman, Owner and Founder of Jared Feldman Consulting, to explore accounting and tax trends impacting the restaurant industry. Together, they discuss fundraising versus loans, healthy profit margins and effective methods for scaling and funding new restaurant units. They also highlight the importance of accurate sales tax compliance and the challenges of balancing labor costs post-COVID.

LLC, S Corp or C Corp - Which One’s Right for You?

Mon, 14 Apr 2025 15:00:00 -0400

In this episode, we delve into one of the most important decisions you'll make when starting your own food or restaurant business - selecting the legal structure for your company. Each type of entity—LLC (Limited Liability Company), S Corporation, and C Corporation—comes with its own advantages and disadvantages. We'll discuss the pros and cons of each entity and help you decide the best option for your business.

Breaking Down Trump's Tax Proposal

Mon, 28 Oct 2024 09:00:00 -0400

In this episode, we delve into the intricacies of Donald Trump’s tax policy. Join us as we explore the key components of the Tax Cuts and Jobs Act, its effects on different income groups, and the broader economic implications. We’ll also discuss the political and social debates surrounding the policy. Whether you’re an economic enthusiast or just looking to understand the policy’s impact, this episode offers valuable insights into this significant tax reform.

A Closer Look at Harris's Tax Proposal

Wed, 16 Oct 2024 17:00:00 -0400

In this episode, we take a closer look at Vice President Kamala Harris’s ambitious tax proposal. Learn about the potential economic impacts, the changes to capital gains taxes, and how these policies could shape the future of the American tax system. Tune in for an in-depth analysis and expert opinions on what this means for you and the broader economy.

Expiration of the TCJA and Its Impact on Individuals

Tue, 01 Oct 2024 14:00:00 -0400

Join us as we delve into the expiration of the Tax Cuts and Jobs Act (TCJA) and its profound effects on individuals. We’ll break down the key changes, explore how they impact your finances, and provide expert insights to help you navigate this significant shift in tax policy.

Expiration of the TCJA and Its Impact on Flow-Through Entities

Tue, 10 Sep 2024 14:00:00 -0400

Join us as we delve into the expiration of the Tax Cuts and Jobs Act (TCJA) and its profound effects on flow-through entities. We’ll break down the key changes, explore potential challenges, and provide insights on how businesses can navigate this evolving tax landscape. Whether you’re a business owner, tax professional, or just curious about tax policy, this episode offers valuable information to help you stay ahead.

Outlook for the 2024 Elections

Wed, 21 Aug 2024 16:00:00 -0400

Join Lynn Mucenski-Keck of Withum's National Tax Services Group and Brian Reardon, President of the S Corp Association and Founder of Reardon Consulting Services for the second episode of our Taxing Topics: Navigating Election Year Series as they dive into the 2024 election landscape and its potential impact on federal tax reform. In this episode, they discuss the recent shakeup in the Democratic presidential race, the outlook for the Senate and House elections, and the implications for tax policies affecting private and family-owned businesses.

How Does the Federal Budget Impact Tax Reform?

Fri, 02 Aug 2024 13:00:00 -0400

Join Lynn Mucenski-Keck of Withum's National Tax Services Group and Phillip Swagel, Director of the Congressional Budget Office for the first episode of our Taxing Topics: Navigating Election Year series as they discuss how the federal budget will impact the upcoming tax reform. In addition, they will examine revenue and deficit forecast with and without the sunsetting of the Tax Cuts and Jobs Acts (TCJA), the debt-to-GDP ratio, and the impact of workforce changes on the budget.

Exploring the Farhy Tax Case and What It Means for Taxpayers

Wed, 19 Jul 2023 21:00:00 -0400

Join us as we examine the impact of the Farhy Case on the IRS's penalty notice procedure and what it means for taxpayers. We'll also discuss IRS Form 5471 filing requirements, and taxpayer obligations to disclose foreign shareholdings, assets, and transactions.

Global Summit Series: Doing Business in Canada

Wed, 02 Nov 2022 13:00:00 -0400

Listen into Withum’s Kimberlee Phelan and Angela Pulaski and guests Brett Starkman and David Kerzner discuss the many tax factors and considerations of doing business in Canada.

IRS Provides Simplified Method for Extending Portability Election

Wed, 31 Aug 2022 17:00:00 -0400

In July 2022, the IRS issued a simplified method for taxpayers to obtain an extension to make a portability election. This new publication, Rev. Proc. 2022-3,2022-1 IRB 144 has superseded the 2017 publication, Rev. Proc. 2017-34,2017-26 IRB 1282. As a result, eligible estates now have up to five years after the death of the deceased spouse to elect portability.

Global Summit Series: Doing Business in India

Thu, 05 May 2022 12:00:00 -0400

Listen into Withum’s Calvin Yung and Rajesh Tripathi and guest speakers Ambassador Atul Keshap and John Campanella discuss doing business in India.

Global Summit Series: Doing Business in Netherlands

Wed, 13 Apr 2022 09:00:00 -0400

Listen into Withum’s Chaya Siegfried and guest speakers Jason Mariarathanam and Jesse Campanaro discuss doing business in the Netherlands.

Global Summit Series: Doing Business in Brazil

Wed, 13 Apr 2022 09:00:00 -0400

Listen into Withum’s Calvin Yung and Rajesh Tripathi and guest speakers Renato Sella and Marcela Ejnisman discuss doing business in Brazil.

Global Summit Series: Doing Business in Puerto Rico

Wed, 13 Apr 2022 09:00:00 -0400

Listen into Withum’s Calvin Yung and Rajesh Tripathi and HLB Puerto Rico’s Luis Lomba discuss considerations for U.S. citizens and U.S. businesses contemplating relocating to Puerto Rico as well as touching on some tax benefits that may be available.

Global Summit Series: Doing Business in Africa

Mon, 07 Mar 2022 14:00:00 -0500

Listen into Withum’s Kimberlee Phelan and guest speakers Robert Mullins and Sonkwe Kasonkomona discuss doing business in Africa.

Does this Child Tax Credit Change Impact You?

Tue, 01 Mar 2022 21:00:00 -0500

Listen in to our latest episode of Taxing Topics as Rebecca Alicea and Maria Carvalho discuss the Child Tax Credit and how this may impact your 2021 tax return filing.

Blockchain and Cryptocurrency Tax Impacts

Thu, 16 Dec 2021 11:00:00 -0500

Listen in to our latest episode of Taxing Topics as Josh Gelernter and Calvin Yung discuss the tax impacts investors are expected to encounter with their blockchain and crypto investments.

YouTube & Google: Withholding Tax

Tue, 16 Nov 2021 11:00:00 -0500

Listen in to our latest episode of Taxing Topics as Kimberlee Phelan and Sehar Javaid have a discussion on YouTube and Google's withholding tax impacts on foreign individuals and businesses.

Is There A New Schedule K-2 and K-3

Mon, 01 Nov 2021 12:00:00 -0400

In this podcast, Scott Bartolf, Chaya Siegfried and Charles Batikha will discuss the new Schedules K-2 and K-3 that partnerships and S Corps will be required to file with their 2021 tax returns. We’ll discuss the why and also cover some of the information that will be required by these forms.

Foreign Exchange Transactions

Mon, 11 Oct 2021 11:00:00 -0400

Listen in to our latest episode of Taxing Topics as Angela Pulaski and Shannon Metz have a discussion on what foreign exchange transactions are, how to properly account for them in a Company's books and records, and how they impact a Company's taxable income.

Latest Update on the New York PTET

Wed, 25 Aug 2021 12:00:00 -0400

Join Jim Bartek, Jason Rosenberg, and Zhoudi Tang, as they provide an update on the New York PTET, examine the latest developments, and discuss a number of different factors that may play a role when considering an election.

Important To-Do's to Add to Your Year-End Planning Checklist

Wed, 06 Jan 2021 11:00:00 -0500

Currently making a list and checking it twice?

Join Rebecca Alicea from Withum and Assunta "Susie" McLane from Summit Place Financial Advisors, LLC in this episode as they discuss three year-end planning to-do’s to add to your checklist to make sure you are maximizing your planning and financial goals and optimizing your tax savings.

State Tax Implications of Remote Teleworkers

Fri, 14 Aug 2020 13:00:00 -0400

This podcast explores the wide-ranging state tax implications of remote work. Considering COVID-19, and the rapid acceleration of the telecommuting environment, it is imperative that businesses review the myriad of state tax considerations as a result of a transformed workforce. Some of the areas this podcast explores includes:

Business tax nexus, such as income tax and sales tax nexus;
Income tax apportionment considerations, effects on the sales factor and payroll factor; and
Employee payroll withholding.