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The IRS Is Infrastructure
Episode 222
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Show Notes
1:47 – Blake’s Discussion with Ed Karl, Vice President of Taxation at the AICPA
https://www.cloudaccountingpodcast.com/bonus222
6:37 – Shutter Venue Operators Grant Snafu
7:45 – SBA SVOG Tweet
8:35 – Why Can’t Stimulus Checks Arrive Faster?
https://www.wsj.com/articles/why-cant-stimulus-payments-arrive-faster-11617631209
10:40 – Billions waiting in 2017 federal refunds
https://www.accountingtoday.com/news/billions-waiting-in-2017-federal-tax-refunds
11:38 – China Creates Its Own Digital Currency, a First for Major Economy
17:27 – Facebook: 25 Pct Of SMBs Closed Around Worldhttps://www.pymnts.com/economy/2021/facebook-25-pct-of-smbs-closed-around-the-world/
18:29 – Pickup in CFO Optimism Continues in Q1
https://www.cfo.com/the-economy/2021/04/pickup-in-cfo-optimism-continues-in-q1/
25:06 – Global minimum tax gains momentum
25:37 – IRS Program Summary by Budget Activity
https://home.treasury.gov/system/files/266/19.-IRS-FY-2021-BIB.pdf
27:47 – How to Collect $1.4 Trillion in Unpaid Taxes
https://www.nytimes.com/2021/03/20/opinion/sunday/unpaid-tax-evasion-IRS.html
30:15 – Blake’s Discussion with Ed Karl, Vice President of Taxation, AICPA
https://www.cloudaccountingpodcast.com/bonus222
38:44 – Wealthiest Taxpayers Cheat IRS Out of $400 Billion a Year
https://cpatrendlines.com/2021/04/09/wealthiest-taxpayers-cheat-irs-out-of-400-billion-a-year/
More IRS Reading:
173% Increase in IRS Correspondence Backlog
https://cpatrendlines.com/2021/04/08/irs-lags-on-compliance-correspondence/
The IRS’s $3-Billion Problem
https://cpatrendlines.com/2021/03/22/92-of-paper-returns-stuck-in-backlog/
IRS Commissioner Chuck Rettig Response