Podcast
Simply Tax
Hosted by Damien R. Martin, CPA · EN
Simply Tax™ cuts through the static of the tax world and doesn’t waste your time by needlessly tossing around technical terms and citing code sections. Host Damien Martin has a knack for boiling down complex issues for business professionals who need a trusted advisor to help strengthen their tax mind.
12episodes
Episodes
Newest firstAll episodes
Talking With Tax Notes Talk #088
Feb 21, 2020Tap to summarizeHave you ever wondered what would happen if you put the hosts of two tax podcasts together in a studio to talk tax? We thought so! “Simply Tax” host Damien Martin sits down with “Tax Notes Talk” host David D. Stewart to discuss his career reporting on international tax, where things stand with the Organisation for Economic Co-operation and Development’s (OECD) base erosion and profit shifting (BEPS) project and the experience of hosting a podcast about taxes. Here’s what’s covered: How David Stewart came to write about, analyze and report on taxes @2:16 How David knew he was a tax geek @4:18 A day in the life of an international tax reporter @5:18 The latest on the OECD’s BEPS project and the experience of following it @11:16 A prediction on the 2020 target completion for the project @17:29 The biggest challenge for completing the BEPS project @18:41 Reactions to telling people you host a podcast about taxes @21:29 How “Tax Notes Talk” was born @23:53 Why you should listen and how it’s grown in more than 100 episodes @25:45 Advice for a successful career reporting on tax @32:16 Resources mentioned in the episode "Tax Notes Talk" episode: Simply Tax Season crossover episode with David Stewart and Damien Martin "Tax Notes Talk" episode: Drunk Tax History with David Stewart and Joseph Thorndike “Tax History: Drunk Tax History: Alcohol and American Public Finance” by Joseph Thorndike Learn more about David and get additional resources here. GET MORE “SIMPLY TAX” We’re excited to also provide video content to strengthen your tax mind! Check it out on our YouTube channel. A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram | YouTube
Transcribe →
The Opportunity Zone #045
Nov 12, 2018Tap to summarizeYou unlock this opportunity with the recognition of gain. Beyond is an opportunity … an opportunity of deferral, an opportunity of reduced recognition of gain, an opportunity of permanent exclusion of gains related to the appreciation on a Qualified Opportunity Fund (QOF) investment after a 10-year holding period. You’re moving into a land of both clarity and remaining uncertainty, of guidance received and guidance yet to come. You’ve just crossed over into the Opportunity Zone with returning guest Derek Smith! TIMESTAMPS OF QUESTIONS COVERED [01:18] What’s an eligible gain? [04:32] Can partnerships and S corporations be investors in QOFs? [05:23] What if the partnership or S corp chooses not to invest in a QOF? [07:08] Did we get guidance on working capital? [09:00] Does the guidance give us what we’ve been waiting for on QOFs? [9:57] What’s “substantial improvement”? [13:58] How is trade or business defined for this purpose? [16:09] Do we know what “used primarily within the QOZ” means yet? [18:24] Do we have to worry about the passive activity loss limitation rules? [19:07] What options do partners and S corp shareholders have if there was a midyear gain recognition event? [21:26] Should you have QOZ FOMO? [23:18] What happens if the designation expires during the holding period? [26:07] What are Derek’s key takeaways from the first round of proposed regulations? BIO FOR GUEST Derek is a member of BKD National Construction & Real Estate Group. With technical expertise in partnerships, Derek is a firmwide resource on partnership-related issues and works with individuals and closely held businesses to help develop and implement business structures and tax savings strategies. Connect with Derek on LinkedIn Follow Derek on Twitter ADDITIONAL RESOURCES Article: Opportunity Zone Guidance Issued by IRS Webinar: Critical New Insights on Proposed Opportunity Zone Regulations Podcast: Episode 41: What's a Qualified Opportunity Zone? GET MORE “SIMPLY TAX” A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to SimplyTax@bkd.com. Connect with Damien on social media! LinkedIn | Twitter | Instagram
Transcribe →