Podcasts about path act

"Inflation is killing us." Connect With Our SponsorsGreyFinch - https://greyfinch.com/jillallen/A-Dec - https://www.a-dec.com/orthodonticsSmileSuite - http://getsmilesuite.com/ Summary In this conversation, Scott Broadbent discusses the importance of tax credits for healthcare professionals, particularly orthodontists. He explains how his company, Acquire Tax Credits, helps practitioners navigate the complexities of tax credits and the recent changes in tax legislation that could benefit them. Scott emphasizes the significance of documenting research and development efforts to qualify for these credits and addresses common misconceptions about the process. The discussion also highlights the potential financial impact of tax credits on new and established practices, encouraging doctors to take advantage of available resources. In this conversation, Scott Broadbent discusses the importance of tax credits for dental practices and introduces the SCUBA program, designed to provide peace of mind for patients while enhancing revenue for dentists. He emphasizes the collaboration with CPAs to ensure proper implementation and maximization of tax benefits. The discussion also covers the cost structure of the SCUBA program and its potential impact on practice profitability. Scott concludes with insights on customer service trends and the value of teaching patients to manage their dental care effectively. Connect With Our Guest Acquire Tax Credits - https://acquiretaxcredits.com/ Takeaways Tax credits can significantly benefit healthcare professionals.Many practitioners are unaware of the tax credits available to them.The PATH Act expanded the scope of qualifying for tax credits.Documentation is crucial for successfully claiming tax credits.New practices can leverage tax credits to alleviate financial burdens.The recent budget bill may enhance tax credit opportunities.Collaboration with CPAs is essential in the tax credit process.Misconceptions about R&D tax credits can deter practitioners from applying.The audit rate for R&D claims is relatively low.Proper preparation can lead to successful tax credit claims. Tax credits can significantly benefit dental practices.Collaboration with CPAs is crucial for maximizing tax benefits.The SCUBA program offers peace of mind for patients.Dentists can retain patients better with structured care plans.The SCUBA program is designed to be easy for dental staff to implement.Dentists keep 80% of the revenue generated from the SCUBA program.Inflation impacts dental practices, necessitating innovative solutions.Patient retention is key to long-term practice success.The SCUBA program can enhance profitability for dental practices.Providing peace of mind can lead to increased patient loyalty.Chapters 00:00 Introduction to Scott Broadbent and Acquire Tax Credits02:05 Understanding Tax Credits for Healthcare Professionals06:00 The Impact of Tax Credits on New Practices10:04 Recent Changes in Tax Legislation14:00 Navigating the Tax Credit Process17:59 Addressing Common Concerns and Misconceptions22:31 Navigating Tax Credits for Dental Practices27:02 Understanding SCUBA: A Peace of Mind Program for Dentists35:36 Cost and Implementation of SCUBA Program41:20 Final Thoughts and Speed Round Insights Are you ready to start a practice of your own? Do you need a fresh set of eyes or some advice in your existing practice?Reach out to me- www.practiceresults.com.     If you like what we are doing here on Hey Docs! and want to hear more of this awesome content, give us a 5-star Rating on your preferred listening platform and subscribe to our show so you never miss an episode.   New episodes drop every Thursday!    Episode Credits: Hosted by Jill AllenProduced by Jordann KillionAudio Engineering by Garrett Lucero

As tax season approaches, many people find themselves overwhelmed with questions about filing, refunds, and credits. In the latest episode of our podcast, we welcomed tax expert Angelina King, CEO of 718 Tax Services, who shared invaluable insights that can help you navigate this often-stressful time of year.In this episode of About That Wallet, host Anthony Weaver welcomes back tax expert Angelina King to discuss the ins and outs of tax season. With tax season officially underway, Angelina shares her insights on why filing early can be beneficial, especially for single mothers and those claiming dependents. They explore the importance of understanding tax credits and the implications of the PATH Act on tax returns.

In this insightful episode of the Farm4Profit Podcast, we explore the fascinating world of Micro-Captive Insurance with none other than Van Carlson, the esteemed Founder & CEO of SRA. With over twenty-five years of experience in the risk management industry, Van brings a wealth of knowledge and expertise to the table, sharing valuable insights on how small to mid-market businesses can leverage 831(b) Plans to effectively manage their property and casualty risks while enjoying significant tax benefits.Van's journey in the industry began with Farmers Insurance Group, where he started as an agent and swiftly rose to prominence, growing his book of business to become one of the largest in his home state of Idaho. Today, his primary goal is to continue the upward trajectory of SRA, constantly innovating and developing new products to meet the evolving needs of the market.The heart of this episode lies in understanding the intricacies of 831(b) Plans and how they offer a unique opportunity for business owners to retain up to 50% of their risk and premiums. By placing funds in a tax-deferred 831(b) Plan, businesses can build a funded reserve for potential losses, thus gaining greater control over claims and even participating in underwriting profits within their plan. It's an ideal strategy for savvy business owners willing to take calculated risks for greater rewards.Van also draws parallels between 401(k) and 831(b) accounts, shedding light on their similarities in terms of tax benefits, contribution limits, and compliance requirements. However, the real magic of 831(b) Plans lies in their ability to mitigate various business risks that may not be covered by traditional insurance, such as supply chain interruptions, cybersecurity attacks, and even brand damage.Delving deeper into the history of 831(b) Microcaptives, Van discusses the legislative milestones and regulatory framework that have shaped their evolution over the years. From the Tax Reform Act of 1986 to the more recent PATH Act of 2015, which increased premium amounts and introduced inflation riders, these legislative developments have made 831(b) Plans an increasingly attractive option for businesses seeking comprehensive risk management solutions.Join us as we unravel the complexities of Micro-Captive Insurance and discover how it can be a game-changer for your business's risk management strategy. Whether you're a seasoned entrepreneur or just starting out, this episode offers invaluable insights into safeguarding your assets and maximizing rewards in today's dynamic business landscape. Tune in now to learn from the best in the industry and take your risk management strategy to the next level.Don't forget to like the podcast on all platforms and leave a review where ever you listen!Websitewww.Farm4Profit.comShareable episode linkhttps://intro-to-farm4profit.simplecast.comEmail addressFarm4profitllc@gmail.comPhone515.207.9640Subscribe to YouTubehttps://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTokhttps://www.tiktok.com/@farm4profitConnect with us on Facebookhttps://www.facebook.com/Farm4ProfitLLC/ 

In this episode, Erasmus Elsner is talking to Doug Ludlow, co-founder and CEO of MainStreet, which helps startups and small businesses uncover tax credits. 00:00​​ Intro 01:05 Hipster 05:09 Happy Home Company 07:10 Starting MainStreet 11:22 The nature of Tax credits 16:03 The Path Act 17:52 The MainStreet Product 19:14 Customer success stories 20:41 Customer profile 22:40 Audit protection / guarantee 24:13 Moats 25:37 Whitespace vs. Switching 26:30 MainStreet traction 27:47 Fundraising 28:17 Pre-empted Series A 30:22 MainStreet layoffs 32:42 Unit economics 33:42 Unit economics 34:50 Vision for MainStreet 37:42 Fast five 39:01 Call to action

Sign up for The Real Wealth Solutions Report bit.ly/RWSReport.We host a twice monthly meet up with one per month being via zoom. Our September online meeting was so good we decided to share it here as well. We were lucky to have Wes Mabry of 1245 Consulting presenting on Cost Segregation as well as fielding questions from the attendees. This is a must listen for every real estate investor. Even if you're familiar with cost segregation, the info Wes provides will do nothing but deepen your understanding.This was a video meeting and Wes is sharing a presentation with us as he goes along, if you'd like to see the presentation, you can on our YouTube channel. Here's the link.https://youtu.be/-QZxiMt_eTIWe hope you enjoy listening and if you think of someone who might enjoy it as well, we appreciate you passing it along. About Wes – Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. Prior to founding 1245 Consulting 2017, Mr. Mabry preformed cost segregation studies as a licensed Real Estate Appraiser for O'Connor & Associates from 2006-2016. During his time at O'Connor he served as the primary West Coast liaison in additional to central and east coast responsibilities. From 2016-2017 Mr. Mabry worked for Madison Specs, a large engineering and real estate service firm based out of New Jersey. Mr. Mabry has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships and individual investors. Mr. Mabry's experience extends over numerous property types:·       -Apartment (Garden Style, Luxury High-Rise, New Construction, LIHTC) ·       -Retail (strip, neighborhood, big-box, single-tenant) ·       -Office (low/mid/high-rise, condominium)·       -Hospitality (hotel, casino, sports facility)·       -Industrial (warehouse, self-storage, business parks, flex)·       -Manufacturing Facilities·       -Single-family Homes (duplex through four-plex) During his career Wes had lead teams through several Tax Law changes. His knowledge of both the PATH Act in 2015, TCJA in 2017, and the most recent CARES Act of 2020 yielded opportunities to save investors millions through real property depreciation. His participation and leadership defending cost segregation studies through the audit process has resulted in zero disallowances. In addition to owning 1245 Consulting, Wes is an active real estate investor. Wes is also a member of the American Society of Cost Segregation Professionals (#A006-19). He was born and raised in Houston, Texas and is a graduate of the University of Houston. Wes enjoys all things outdoors and spending his free time watching his family grow.Reach Wes through his website – www.1245consulting.comReach Greg at -Greg@realwealth.solutions or schedule a call - calendly.comReach Darren at -Darren@realwealth.solutions or schedule a call - calendly.comThanks for listening and, as always, an honest review or follow is greatly appreciated.

We all know DeFi has been a hot topic of 2021, maybe THE hottest topic, but is that it? Are we done with DeFi? Nope, I don't think so, we've barely started.   Remember the whole crypto space is still early. The global cryptocurrency market will hit $4.94 billion by 2030, more than triple its estimated size of $1.49 billion in 2020.   Source Cited: https://www.yahoo.com/now/cryptocurrency-market-more-treble-2030-094803219.html (https://www.yahoo.com/now/cryptocurrency-market-more-treble-2030-094803219.html)     DeFi is definitely here to stay. The whole decentralised space is going to continue to balloon, and as early adopters we need to make bank off it.   Why should anyone invest in crypto? There's little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand. In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from https://www.investopedia.com/decentralized-finance-defi-5113835 (decentralized finance) to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (https://www.investopedia.com/news/forbes-releases-first-ever-cryptocurrency-billionaire-rankings/ (or billionaires)). Buy Crypto with Credit Debit Card  https://mkgtaxconsultants.com/buy-crypto/ (https://mkgtaxconsultants.com/buy-crypto/)     Part of your strategy should be how you grow your crypto collateral, not just buying crypto and waiting for it to increase in value, but using it to earn you more.   Enter stage left, DeFi lending. Decentralisation allows us to be our own banks. Already we have options to make it happen, and here are four different lending options currently available. Enter Aave, Compound, Celsius and Yield.   Alongside crypto purchases, staking, geysers and more, lending out your crypto is a profitable way to increase your wealth. Here is a brief run down comparing them side by side.   HoneySwap https://honeyswap.org/ (https://honeyswap.org)   1Hive is a DAO that issues and distributes a digital currency called Honey. Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals that increase the value of Honey, a positive feedback loop drives growth and sustainability. Conviction Voting allows everyone to participate and shape the direction of 1Hive, while preventing anyone from taking control or ownership. Coin Refund Transfer (RT) Fiat to Crypto (CoinRT)https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/ (https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/) As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic MKG Tax Consultants has developed an Innovative Smart Contract DeFi Tax Advance Stable Coins DeFi Lending Solutions “CoinRT”  CoinRT-xDai Pair https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0 (https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0) CoinRT-USDC Pair https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252 (https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252)       Aave. https://aave.com/ (aave.com)   A decentralised money market platform where lenders post collateral on the platform, allowing them to lend in the form of an aToken like Compound and their cToken, however the aToken is pegged 1:1 to the collateralised asset allowing it to be used as if it were the deposited collateral. The lender then accrues interest tied to their deposits. Two interests rates are offered, stable or...

PayPal touts digital wallets In brief CEO Dan Schulman said digital wallets could be a solution to stimulus bottlenecks. Schulman also alluded to the promise of DeFi on the earnings call. PayPal CEO Dan Schulman raised the possibility of using digital wallets to distribute stimulus funds rather than the current slow and expensive banking system. Is there a better way to distribute stimulus payments? The question has come up in light of governments' efforts to hand out pandemic relief to their citizens—efforts that have often got bogged down as a result of paper checks and other outdated technology. On Wednesday July 29, 2021, PayPal CEO Dan Schulman proposed using digital wallets to streamline these payments, a process that would not be more efficient but reduce fees for the poorest recipients. "Imagine not having to send out stimulus checks but sending those directly into a digital wallet where you instantaneously receive it, and you don't have to go to a check cash-in location and exchange that and get charged for that exchange, As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic, African-American entrepreneur, Marshawn Govan, developer of Innovative DeFi Tax Advance Mobile Payments "CoinRT " created a smart contract tailored to the Black and Latino community to revolutionize the tax industry in response to the novel coronavirus pandemic--banks were not lending to people of color who were struggling with access to capital even before the pandemic. The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, make a down payment on a home, investing and/or pay off debt. We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better. https://wefunder.com/mkgenterprisescorps/ (https://wefunder.com/mkgenterprisescorps/)

In this episode of Taxes in Ten, Joe Bublé is joined by Citrin Cooperman Tax Manager Debra Tierney to discuss research & development(R&D) tax credits. With the passing of the 2015 PATH Act, R&D Credits became a permanent addition to the IRS tax code, and are beneficial to many industries and types of entities. Taxes in 10 brought to you by Citrin Cooperman. Learn more Citrin Cooperman at www.citrincooperman.com/ Learn more about our host Joe Bublé here: www.citrincooperman.com/professionals/joe-buble

Learn Business Growth StrategiesR&D For You and Me – The R&D Tax Credit and Why You Should Care About it. Guest: Tyler Kem Co-Founder & Vice President of Strike R&D Tax Advisory, tax consultant, and entrepreneurWho is Tyler Kem?Tyler Kem is a tax consultant and an entrepreneur. He is the Co-Founder and Vice President of Strike R&D Tax Advisory,What is Strike R&D Tax Advisory?Strike R&D Tax Advisory is a consulting firm that helps customers gain insight into the world of R&D tax law and aids in re-fueling their innovation. R&D Tax CreditR&D Tax Credit is “a permanent federal tax credit in 2015, as part of the Path Act, which is really what opened up an immense amount of opportunities for startups, specifically, but also allowed for many other industries to start claiming that tax credit.”The qualifications are very broad, with a basic rule of thumb: everything fundamentally relies on hard science. This applies to:Computer scienceEngineeringBiologyPhysicsChemistry So if you're a company in these industries, you probably qualify.TechnologyEngineeringFood & BeverageConsumer GoodsAnd tons moreThe R&D Tax Credit is a U.S. labor-based incentive. Instead of outsourcing, you can qualify if you keep your labor inside the U.S., which comes with paying higher wages. Starting the Process Many people who qualify for the R&D Tax Credit aren't willing to pay the upfront fees, the retainers, and the monthly billings to claim the credits. And some companies are 10, 20, 30, even $40,000 out of pocket before they even know the size of the credits they're going to be getting. How Strike Can HelpSo Tyler's company Strike does a few things that make the process a whole lot easier:Aligned their interests with the interests of the client from day 1No out of pocket costsNo retainersNo monthly billing OR fixed feesSuccess based fee structure (so they don't get paid until the company is able to use their credits)Offer unlimited audit support (in terms of hours… So if something gets challenged, they've got your back)They EVEN give a fee guarantee on their claims, so if the IRS decides to claw back on 10% of the credits, 10% of their fees go back to the client.If you want to go back in time and apply for these benefits before becoming aware of this credit, you can! The federal statute of limitations is three years from the filing date, so you can go back to the 2018 tax credits and see what cash refunds you have waiting for you!How Does the R&D Tax Credit and the R&D Tax Provisioning Play into Financial Audits?There are a few steps:The Document Gathering PhaseThe Calculation ProcessThe Deep Dive PhaseDuring the first phase, they can gather all of the financial documents; then they work with the business owners and software developers during the second phase. Then they can really understand their systems and find a nexus in between the expenses. Strike's job is to work FOR the company; they're not working for Strike!If this doesn't apply to you, tons of deductions and credits could be available to you in your own personal tax return, so don't miss out.Want To Learn More, about Strike and Tyler Kem?You can reach Strike directly at striketax.com, you can also email him directly at Tyler@striketax.com, or you can call the number on the website and speak to one of the people

What is an ITIN (Individual Tax Identification Number)? Who uses an ITIN? And how does the PATH Act of 2015 effect ITIN users? Listen along to this podcast as Attorney Coleman Jackson answers these and other questions as they pertain to United States tax law. If you enjoy this podcast make sure to stay tuned for more episodes from the taxation, litigation and immigration Law Firm of Coleman Jackson, P.C. Be sure to subscribe, leave a comment, and rate our Legal Thoughts podcast on Apple Podcasts, Spotify, and Google Podcast. Visit the taxation, litigation and immigration law firm of Coleman Jackson, P.C. online at www.cjacksonlaw.com.

On this episode we speak with Jeff Haskett, President of Clarus R+D, on the Path Act, key tax advantages you can be getting to help you stay funded and extend your capital. Having raised multiple rounds of funding themselves, Jeff has helped hundreds of SaaS businesses get back money they deserve. For more information on Clarus R+D: https://clarusrd.com/saasoptics/

Show Summary Only an estimated 40% of business investment eligible for allowable R&D tax credits are claimed on tax filings. Many businesses are potentially missing out, sometimes for sizeable amounts. What are R&D tax credits? To find out if your business qualifies, listen to this interview with Tommy Zavieh, National Practice Leader for R&D Tax […] The post Frazier & Deeter s Business Beat: Tommy Zavieh, National Practice Leader, R & D Tax Credits, Frazier & Deeter appeared first on Business RadioX ®.

The research and development (R&D) tax credit, originally enacted as part of the Economic Recovery Tax Act of 1981 to encourage companies to invest in R&D in the U.S., was modified and temporarily extended 16 times before being made permanent with the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Learn how the R&D tax credit can possibly reduce your tax liability on a dollar-for-dollar basis as guest Ashley Thompson joins host Damien Martin to discuss the tax opportunity and share insights on how it applies to the craft beer industry. TIMESTAMPS OF WHAT'S COVERED [ 02:19 ] Researching craft beer [ 07:22 ] Overview of the R&D tax credit [ 12:17 ] The perception that having fun isn't R&D [ 13:48 ] Types of expenses that qualify for the credit [ 19:29 ] What's a credit study? [ 24:37 ] Changes under the PATH Act [ 29:13 ] Election to use the credit against payroll taxes [ 30:13 ] Example of the credit for manufacturers of packaging equipment [ 33:04 ] Innovation and the R&D tax credit [ 35:31 ] Allocating resources when starting up or innovating [ 38:25 ] Gray areas and documentation BIO FOR GUEST Ashley Thompson leads the BKD R&D Tax Credit Services team. He has 18 years of experience helping clients claim federal and state R&D tax credits. He helps taxpayers who do not claim credits identify, document and calculate available credits and implement strategies to efficiently capture qualified research expenses on a go-forward basis. Ashley has significant experience defending R&D tax credit claims for both public and private companies before the IRS, including representation at the appellate level. He has worked with companies ranging in size from small closely held businesses to large multinational conglomerates. Connect with Ashley on LinkedIn ADDITIONAL RESOURCES Mentioned in the episode Craft Brewers Conference Oaken Barrel Brewing Company Articles on R&D tax credits Research & Development Tax Credits After Tax Reform Substantiating Your R&D Tax Credit Claim R&D Tax Credit Extended for 2015 and Beyond Research & Development Credits for Inbound Companies Webinars on R&D tax credits The Improved R&D Tax Credit R&D Tax Credit – Software Development 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

The research and development (R&D) tax credit, originally enacted as part of the Economic Recovery Tax Act of 1981 to encourage companies to invest in R&D in the U.S., was modified and temporarily extended 16 times before being made permanent with the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). Learn how the R&D tax credit can possibly reduce your tax liability on a dollar-for-dollar basis as guest Ashley Thompson joins host Damien Martin to discuss the tax opportunity and share insights on how it applies to the craft beer industry. TIMESTAMPS OF WHAT’S COVERED [ 02:19 ] Researching craft beer [ 07:22 ] Overview of the R&D tax credit [ 12:17 ] The perception that having fun isn’t R&D [ 13:48 ] Types of expenses that qualify for the credit [ 19:29 ] What’s a credit study? [ 24:37 ] Changes under the PATH Act [ 29:13 ] Election to use the credit against payroll taxes [ 30:13 ] Example of the credit for manufacturers of packaging equipment [ 33:04 ] Innovation and the R&D tax credit [ 35:31 ] Allocating resources when starting up or innovating [ 38:25 ] Gray areas and documentation BIO FOR GUEST Ashley Thompson leads the BKD R&D Tax Credit Services team. He has 18 years of experience helping clients claim federal and state R&D tax credits. He helps taxpayers who do not claim credits identify, document and calculate available credits and implement strategies to efficiently capture qualified research expenses on a go-forward basis. Ashley has significant experience defending R&D tax credit claims for both public and private companies before the IRS, including representation at the appellate level. He has worked with companies ranging in size from small closely held businesses to large multinational conglomerates. Connect with Ashley on LinkedIn ADDITIONAL RESOURCES Mentioned in the episode Craft Brewers Conference Oaken Barrel Brewing Company Articles on R&D tax credits Research & Development Tax Credits After Tax Reform Substantiating Your R&D Tax Credit Claim R&D Tax Credit Extended for 2015 and Beyond Research & Development Credits for Inbound Companies Webinars on R&D tax credits The Improved R&D Tax Credit R&D Tax Credit – Software Development 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

Michael Schindler from EisnerAmper’s Real Estate Practice Group examines some major REIT reforms under the Protecting Americans from Tax Hikes (PATH) Act. These reforms encompass preferential dividends, prohibited transactions, taxable REIT subsidies, debt instruments, personal property and much more. Michael also analyzes how these reforms could impact foreign investment in U.S. real estate.

Allie Colman, an EisnerAmper tax manager discusses changes to the PATH Act that make a pair of R&D tax credits (payroll and AMT) very attractive to start-ups and small businesses. Allie covers who qualifies, how much the credits are worth and how to apply.

Bill Smith joins Leah Katsanis to discuss the PATH Act and key provision changes businesses should keep in mind for the 2016 tax year. 

A new law to help combat tax fraud may delay millions of income tax refunds this upcoming tax season. The law, called the PATH Act, requires the IRS to hold refunds of taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit until at least Feb. 15.  This Episode is Sponsored by Jumpstart:HR, LLC HR Outsourcing for Small Businesses and Startups - www.jumpstart-hr.com Tax ID theft continues to rise. According to IRS data, since 2013, approximately 5.1 million people have been victims of tax identity theft fraud. Criminals use personal information to file fake returns and steal taxpayer refunds. This can be very challenging for victims…losing access to their refund for approximately 180 days and having to take multiple steps to regain their identity with the IRS.   Plus, anyone who hasn’t enrolled in health care insurance can face a steeper penalty on their 2016 tax return.   Kathy Pickering, a tax expert with H&R Block discusses:   What the PATH act means for tax filers in 2017 Consumer safeguards against tax identity theft fraud Penalties for taxpayers without health insurance & how to avoid being penalized if you don’t have insurance Tax tips you can make now to save when you file for the 2017 season    About Kathy Kathy Pickering is the executive director of The Tax Institute at H&R Block, the go-to source for objective insights on federal and state tax laws affecting the individual. With more than a decade of experience in tax operations and 25 years in information technology, Pickering is responsible for the strategic direction and management for a team of the nation’s top experts on tax issues. As head of The Tax Institute, Pickering oversees enrolled agents, CPAs and attorneys who provide information and analysis on the real-world implications of tax policy and tax proposals.   For more information about this episode, visit http://blogs.hrblock.com/2016/10/11/path-act/

A review of the week's major US international tax-related news. In this edition: US international tax reform draft delay – Technical Corrections to Path Act coming soon; FIRPTA corrections not expected – OECD peer review process to monitor resolution of MAP cases "well advanced".