The tensions and jousting in Washington in an era of divided government was evident the week of Jan. 14 as Treasury Secretary Steven Mnuchin appeared to decline a request by House Ways and Means Chairman Richard Neal (D-Mass.) to testify at a committee hearing on the partial government shutdown and the upcoming tax filing season. The shutdown began Dec. 22.

Bloomberg Tax’s Kaustuv Basu joined host Amanda Iacone to talk about what’s brewing in Congress in the latest episode of Talking Tax.
 
Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Neal and Treasury Spar Over Shutdown Hearing

Democrats in the House will consider fixing errors in the 2017 Republican tax law but only after “heavy negotiation,” a top Democratic aide said at a Jan. 29 Washington tax conference.
 
Meanwhile, Ways and Means Chairman Richard Neal (D-Mass.) wants to prepare carefully if he moves forward with a request for President Donald Trump’s tax returns.
 
Bloomberg Tax’s Kaustuv Basu joined host Amanda Iacone to talk about tax policy developments in Congress in this episode of Talking Tax.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Democrats Want Debate Before Fixing Tax Bill Errors

Marc Bekerman joins Andrea L. Ben-Yosef in a two-part podcast about post-mortem estate planning. Marc is a solo practitioner in Long Island, New York, and an adjunct professor of law at New York Law School where he formerly served as the Associate Director of its Graduate Tax Program. Marc is also a member of the Estates Gifts and Trusts Advisory Board for Bloomberg BNA.

It may be surprising to know that the death of a person does not end the ability to refine their estate plan. Marc discusses how estate planners can still take actions after a person’s death to maximize the benefit to the beneficiaries. Part 2 covers income tax planning opportunities. Part 1 covered estate tax considerations, such as whether to elect alternate valuation of assets and where and when to deduct administration expenses.

Part 1 is available at https://soundcloud.com/user-627250371/fine-tuning-an-estate-plan-after-death-part-1.

Fine Tuning an Estate Plan After Death (Part 2)

A House Ways and Means subcommittee will meet Feb. 7 to discuss presidential tax returns, with all eyes on Democrats’ possible plan to request them from Presidential Donald Trump. The committee’s chairman Richard E. Neal (D-Mass.) has taken a measured approach so far.

Meanwhile, pressure is building for Congress to renew temporary tax breaks called extenders. Tax filing season lasts into April.

Bloomberg Tax reporters Kaustuv Basu and Allyson Versprille joined host Amanda Iacone to talk about the latest in tax developments on Capitol Hill—including the strength of Sen. Bernie Sanders’ (I.Vt.) estate tax proposal—in this episode of Talking Tax.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Trump Tax Return Push Could Soon Come Into Focus

A House Ways and Means subcommittee that deals with tax policy is set to hold a hearing on the effects of the 2017 tax law.

Meanwhile, a bipartisan group of lawmakers want to make a tax break for alcohol producers permanent as some of these companies turn up the heat on Congress.

Bloomberg Tax’s Kaustuv Basu and Allyson Versprille joined host Amanda Iacone to discuss the latest in this episode of Talking Tax.
 
Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Ways and Means Subpanel To Review Tax Cut Effects

The House Budget Committee will hold a hearing on the 2017 tax law Feb. 27, part of an effort by the Democratic majority in the House to shine a spotlight on the new code and build a case to change provisions.

Smaller tax refunds during the current filing season continue to befuddle taxpayers, giving Democrats yet another chance to criticize the new code. Bloomberg Tax’s Kaustuv Basu talked to host Amanda Iacone about tax policy and Congress in the latest episode of Talking Tax.
 
Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

House Democrats to Continue Scrutiny of Tax Law

The House Ways and Means Committee will have its hands full this week with hearings on the nation's infrastructure needs and the ongoing tax filing season. 

Lawmakers are likely to butt heads over ideas to pay for better roads and bridges and messaging over the size of taxpayer refunds. 

Bloomberg Tax’s Allyson Versprille and Kaustuv Basu joined host Amanda Iacone in the latest episode of Talking Tax to lay out the agenda for the week.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Ways and Means to Delve Into Tax Filing Season, Infrastructure

Treasury Secretary Steven Mnuchin will make his first appearance before the Democratic-led House Ways and Means Committee on March 14 to talk about the administration’s fiscal year 2020 budget. Mnuchin will also appear before the Senate Finance panel the same day.

A Ways and Means subcommittee will discuss temporary tax breaks at a hearing March 12. And while the tax-writing committees stay busy, chatter continues about the request for President Donald Trump's tax return. Bloomberg Tax’s Kaustuv Basu and Allyson Versprille talked to host Amanda Iacone about tax policy in Congress.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

Mnuchin Testimony Before Tax Writers Nears

Improving the country’s infrastructure system is just one of the possible places where Treasury Secretary Steven Mnuchin could align with congressional Democrats.

An infrastructure plan is a priority in Congress, though there isn’t agreement on funding a package. Mnuchin appeared before the House Ways and Means Committee and the Senate Finance Committee on March 14.
Bloomberg Tax’s Kaustuv Basu and host Amanda Iacone talk about what to take away from the hearings, and what to watch for in the coming weeks, in this episode of Talking Tax.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch,

Infrastructure Push in Congress Gets Mnuchin Boost

The House Ways and Means Committee is gearing up for a vote on tax legislation this April.

A measure to rework parts of the Internal Revenue Service is seen as the likely choice, but other bills to boost retirement savings and renew expired tax breaks are also in the mix. Anything that isn’t included in the markup will have to be addressed later in the year.

Bloomberg Tax’s Allyson Versprille and Kaustuv Basu talked about the path forward in the latest episode of Talking Tax.

Host: Amanda Iacone.
Producer: Nicholas Anzalotta-Kynoch.

House Panel Prepares for April Vote on Tax Legislation

When House Ways and Means Committee Chairman Richard Neal (D-Mass.) asked for six years of President Donald Trump’s tax returns, he relied on a provision in the tax code.

Tax code Section 6103 says that the chairman of Ways and Means, the chairman of the Senate Finance Committee, and the chief of staff of the Joint Committee on Taxation can seek tax returns. Stuart Gibson, a former tax litigator with the Department of Justice and now deputy editorial director of international tax at Bloomberg Tax, discussed the law’s purpose and its evolution.

Hosts: Amanda Iacone and Siri Bulusu. 
Producer: Nicholas Anzalotta-Kynoch.

The Statute Behind Neal’s Request for Trump Tax Returns

Opportunity zone investors should focus on working with state and local governments if they want to make the most of a new capital gains tax break. The break, under tax code Section 1400Z, has attracted avid interest from investors since its creation in the 2017 tax overhaul. 

Margaret Anadu, the head of Goldman Sachs’s Urban Investment Group, talks with Siri Bulusu about opportunity zones, her childhood in Lagos, Nigeria, and how Goldman Sachs's 19-year impact investing framework lines up with the new tax break.

Hosts: Amanda Iacone and Siri Bulusu.
Producer: Nicholas Anzalotta-Kynoch.

Public Coordination Key to Opportunity Zones Success

We cover tax issues from Capitol Hill to the courts and the IRS.

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