The Taxverse Podcast Experience

Episode 34: Commissioner Werfel Steps Down & Trump’s External Revenue Service Plan

In Episode 34 of the podcast hosts Zac Crites and Tanner Nickles discuss the sudden resignation of Danny Werfel as IRS Commissioner and what it could mean for taxpayers and tax professionals. They also delve into Donald Trump’s proposal for an External Revenue Service. Join us for a thought-provoking conversation on these new developments and how they may reshape tax policies in the near future.
 
Resources: 
https://www.accountingtoday.com/news/danny-werfel-resigns-as-irs-commissioner
https://www.foxbusiness.com/economy/trumps-external-revenue-service-collect-from-importers-not-foreign-sources.amp
 
 

Episode 33: 2025 Tax Season Launch, LA Wildfire Relief, and Industry Preview

In Episode 33 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles break down key updates for the upcoming 2025 tax filing season, which officially starts on January 27. They also discuss crucial IRS relief measures, including extended deadlines until October 15 for victims of the Los Angeles County wildfires and more.
 
Resources:
https://www.irs.gov/newsroom/irs-announces-jan-27-start-to-2025-tax-filing-season-agency-continues-historic-improvements-to-expand-enhance-tools-and-filing-options-to-help-taxpayers
https://www.cpapracticeadvisor.com/2025/01/10/irs-postpones-tax-deadlines-until-oct-15-for-victims-of-los-angeles-county-wildfires/154398/
https://www.journalofaccountancy.com/issues/2025/jan/tax-season-2025-preview.html
 
 
 

Episode 32: BOI Enforcement on Hold (Again) and IRS Direct File Uncertainty

In Episode 32 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles unpack two major developments in the tax world. First, we explore how a new appeals court injunction halts BOI reporting enforcement—once again—causing renewed confusion over compliance deadlines and strategies. Then, we dive into the IRS’s cautious stance on the future expansion of its direct file program and what that could mean for both tax professionals and individual filers.
 
Resources:
https://www.cpapracticeadvisor.com/2024/12/27/boi-reporting-enforcement-on-hold-again-after-appeals-court-reinstates-injunction/153735/
https://www.journalofaccountancy.com/news/2025/jan/doj-asks-supreme-court-to-block-injunction-on-boi-reporting.html
https://www.accountingtoday.com/news/irs-noncommittal-on-future-expansion-of-direct-file
https://adriansmith.house.gov/sites/evo-subsites/adriansmith.house.gov/files/evo-media-document/Letter%20to%20President-Elect%20Trump%20re%20IRS%20Direct%20File%20-%20Version%20%232%20-%2012-10-2024%20%40%2005-22%20PM.pdf
 

Episode 31: BOI Filing Updates, Tax App Turmoil, and IRS Controversy with DOGE

In Episode 31 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles explore the latest developments shaking up the tax and accounting world. We discuss the progress of BOI reports, with only 6.5 million out of 32 million filings submitted so far, highlighting potential challenges for businesses. Next, we dive into the stock fallout for Intuit and H&R Block as reports of DOGE interest in tax apps stir speculation. Lastly, we analyze recent IRS-related commentary from Elon Musk and Vivek Ramaswamy, exploring its implications for taxpayers and professionals alike.
 
Resources:
https://www.journalofaccountancy.com/news/2024/nov/boi-update-6-5-million-of-32-million-reports-filed-so-far.html
https://www.cpapracticeadvisor.com/2024/11/20/intuit-and-hr-block-stocks-fall-on-report-of-doge-interest-in-tax-app/113548/
https://www.washingtonpost.com/business/2024/11/19/taxes-irs-musk-ramaswamy/
 

Episode 30: New Era, New Tax Plan: Analyzing President Trump’s Proposed Tax Policies

In this episode, we dive into the tax landscape under newly elected President Donald Trump. With a focus on his proposed changes, we discuss how his policies might impact taxpayers, businesses, and the broader economy. Join us as we explore the anticipated tax reforms, the implications for tax professionals, and what might lie ahead in this new era of American tax policy.
 
Resources:
https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/
https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/
 
 

Episode 29: TurboTax Breakup Ad Backlash, 2025 Tax Inflation Adjustments, and PTIN Renewal

In Episode 29 of 'The Taxverse Podcast Experience,' hosts Zac Crites and Tanner Nickles discuss the recent backlash against TurboTax’s controversial 'breakup' ad and its impact on tax professionals. We also cover the IRS’s newly released tax inflation adjustments for the 2025 tax year, breaking down what these changes mean for both taxpayers and professionals. Lastly, we provide essential insights on the start of the 2025 PTIN renewal season, ensuring you're ready for the upcoming tax season.
Resources:
https://tax.thomsonreuters.com/news/turbotax-breakup-ad-draws-ire-from-tax-pro-org/
https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2025
https://www.cpapracticeadvisor.com/2024/10/21/irs-kicks-off-ptin-renewal-season-for-2025/112003/