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Tax Trends: 2024 quarterly tax roundtable
Oct 03, 2024
During our quarterly Tax Trends roundtable series, a panel of experienced Baker Tilly tax professionals discuss recent updates from Washington, including the latest changes in tax legislation and a tax policy outlook. This series delves into navigating current tax challenges and opportunities that partnerships, individuals, corporations and international companies are facing.
The Tax Trends: Quarterly tax roundtable is CPE eligible when attended live. To watch the Tax Trends series webinars available via on-demand, view the Sept. 26, 2024, July 11, 2024, and March 28, 2024, recordings below.
Sept. 26, 2024: Tax Trends: Quarterly roundtable
Baker Tilly’s experienced tax professionals—Michael Wronsky, Kasey Pittman and Duncan Campbell—hosted a roundtable discussion as part of our quarterly Tax Trends webinar series on Thursday, Sept. 26.
Business leaders and taxpayers are navigating an uncertain tax policy landscape during this election year. Our speakers addressed:
- The upcoming 2024 election and its potential impact on tax policy, including how and why we’re facing a fiscal cliff in 2025, scheduled Tax Cuts and Jobs Act (TCJA) of 2017 expirations, general party platforms, and possible election and tax reform outcomes
- The recent U.S. Supreme Court decision in Connelly v. United States
Closed captioning is a verbatim output of transcribing from a webinar recording. Although the information in this transcription is largely accurate, in some cases it may be incomplete or inaccurate due to inaudible passages or grammatical, spelling and transcription errors.
Moderator:
Michael Wronsky, Director, Baker Tilly
Panelists:
Kasey Pittman, Director, Baker Tilly
Duncan Campbell, Principal, Baker Tilly
Baker Tilly’s second roundtable discussion in our quarterly Tax Trends webinar series is now available. Gain insight into recent tax regulations, evolving tax policies and updates on tax accounting methods. During the webinar, we explored timely tax topics, including:
- The demise of the bipartisan tax bill, the upcoming fiscal cliff and the 2024 election
- Taxable income planning in light of bonus depreciation phase out, Section 174 research and experimental (R&E) opportunities, and interest expense limitation planning
- The proposed regulations on the horizon for the new corporate alternative minimum tax (CAMT), mergers and acquisitions tax, the broadness of stock buyback tax, the Moore v. United States case and determinations of tax-free status: spin-offs, reorganizations and liquidations
- Small business stock, private placement life insurance and the Inflation Reduction Act
Moderator:
Michael Wronsky, Director, Baker Tilly
Panelists:
Kasey Pittman, Director, Baker Tilly
Ben Willis, Director, Baker Tilly
Duncan Campbell, Principal, Baker Tilly
Caitlin Slezak, Director, Baker Tilly
Baker Tilly’s webinar covered the following current tax topics:
- Tax policy updates: A 2024 tax legislation outlook, including the Tax Cuts and Jobs Act (TCJA) of 2017’s upcoming sunsetting provisions
- Partnerships: Tax implications of intercompany partnership loans and potential upcoming changes to self-employment tax due to a recent tax court case
- Individual: Small business stock, private placement life insurance and the Inflation Reduction Act
- Corporate: The current mergers and acquisitions market, choice of entity considerations, corporate alternative minimum tax and the U.S. Supreme Court Moore case
- International: Corporate alternative minimum tax and interplay with Pillar II, transition tax refunds and controlled foreign corporation group elections
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Moderator:
Michael Wronsky, Director, Baker Tilly
Panelists:
Ben Willis, Director, Baker Tilly
Kevin Kao, Director, Baker Tilly
Mike Schiavo, Director, Baker Tilly
Michael Lum, Director, Baker Tilly
Kasey Pittman, Director, Baker Tilly
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The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments. Baker Tilly US, LLP does not practice law, nor does it give legal advice, and makes no representations regarding questions of legal interpretation.