Business
Joe Biden is the president-elect of the United States of America, but the future of America’s tax policy is going to largely depend on the way a few remaining Senate races turn out. There are a lot of questions about how things will turn out, but Ed Karl is going to try to clarify a few things. Ed is vice president of taxation for the American Institute of CPAs, a member of the Maryland Association of CPAs, and he’s got a good sense of the tax situation in our country. Ed joined us not long after Biden was projected to win to talk about the impact of the election, the pandemic, and a number of other issues, and not just the prospect of new tax policy but on the upcoming tax season as well. And if you had to boil it all down to one word, he said that word might be “patience.” To learn more, and for the complete show notes, visit https://blionline.org/blog (blionline.org/blog). Resources: https://www.aicpa.org/ (aicpa.org) LinkedIn: https://www.linkedin.com/in/edward-s-karl-cpa-027a7442/ (linkedin.com/in/edward-s-karl-cpa-027a7442) Twitter: https://twitter.com/edwardkarltax?lang=en (@edwardkarltax) https://taxfoundation.org/federal-tax-policy-after-the-2020-election/ ("Prospects for Federal Tax Policy After the 2020 Election") https://thehill.com/policy/finance/522351-democrats-express-concerns-about-irs-readiness-for-next-years-filing-season ("Democrats express concerns about IRS readiness for next year's filing season") Future-Proof is a production of http://crate.media (Crate Media)