Episode 18: How the AICPA Can Assist Taxpayers

Transcript

IRIS LAWS

On this episode, we’ll be joined by Kris Esposito, Director of Tax Policy and Advocacy at the American Institute of Certified Public Accountants, to talk about many of the things the AICPA is doing to influence tax policy and guidance, as well as looking ahead at the tax issues that will likely take center stage in 2026. From your one stop for tax updates and analysis, I’m Iris.

DEVIN TENNEY

And I’m Devin.

IRIS LAWS

It’s Tuesday, January 27^th and this is “Tackling Tax.”

DEVIN TENNEY

Instead of our normal Fast Four stories of the week, we’re going to kick today’s episode off with what we’re calling “Insights from Iris,” where Iris is going to share some updates on what is going on today at the Hill, and more.

DEVIN TENNEY

Well, Iris, you’ve had a busy few weeks, haven’t you?

IRIS LAWS

Yeah, I’ve been traveling around. It’s been fun, though.

DEVIN TENNEY

So, one of the things you did was you attended the conference and there were some great insights that were shared, I’m told.

IRIS LAWS

Yeah, it was a construction industry association conference. It was really unique. It was more of a sort of roundtable discussion, but they brought in some really great guests and had some great insights. So, I did think it would be interesting to kind of share what that is in lieu of our normal Fast Four, considering we did hear from not only folks from Congress and their staffers, but also an economist from the AGC.

So, I did want to start maybe with those insights from the Hill. You know, I did appreciate we got insights from both sides of the house, both sides of the aisle, I mean, as well as both staffers from the House as well as the Senate, specifically from the Senate Finance Committee. So, to start from the House, we did hear from a staffer from Greg Murphy’s office.

So, he’s a House member from the great state of North Carolina, where I live. He did go through, obviously, their process and sort of experience from OB3 to start. But, when he talked about Representative Murphy’s priorities this year and his outlook on what this year might hold overall, he mentioned having a quote “numbers problem” in D.C., so he expects it’s going to make it hard to pass bills on a party line vote this coming year.

Generally, I think a sentiment that we’ve heard from our consultants and other folks that we’ve talked to, and as a result, I think he’s pessimistic on the outlook of reconciliation, of a second reconciliation bill. We’ve sort of facetiously been calling it the 2 Big, 2 Beautiful bill. But, you know, who knows? Obviously, this is just his outlook. But that was what he told us.

DEVIN TENNEY

So, reconciliation may not happen in ‘26?

IRIS LAWS

Yeah. No, that’s kind of both what we heard from him as well as who I’ll talk about in a minute, a tax advisor from Senator Widen, who is on the Senate Finance Committee. So, I think both the House and the Senate have a similar outlook of like, hey, maybe something goes standalone or, you know, I don’t know how realistic a technical corrections vote will be.

But at the same time, I think just the political capital that was spent on OB3, especially in an election year, I think what we’re hearing is no one’s super optimistic at least. I don’t, you know, never say never in politics. But I don’t think either folks that we heard from were super optimistic about the outlook of reconciliation.

DEVIN TENNEY

Is there anything outside of reconciliation that we might see pass in ‘26?

IRIS LAWS

Yeah. You know, he did mention items like tax treatment, what is it, of motor sports, I think, and movie production, those are two things. And then the one thing that both mentioned a little bit that there was chatter about is the Work Opportunity Tax Credit, or WOTC as we refer to it as. That one did expire and failed to make it into OB3.

So, that is one that I think has some bipartisan support that might be willing to get through. But I think an underlying current that I heard from both of them is that there really isn’t a motivating factor to get something through like this. Right?

So, the expiration of TCJA was sort of the instigator for OB3, right? And there really isn’t that sort of silver bullet that makes the fight worth it at this point, I think. Especially with, again, an election year, there’s still some concerns with deficit hawks. Couple that with sort of the Medicaid issues and healthcare discussions, all of that stuff in D.C. I think they’re both saying we need an instigator to get something through, and it’s not looking like that’s going to be the case.

You know, we had heard from some sources that, hey, maybe cryptocurrency could be that instigator, right? We’ve seen, not on the tax side, but sort of some bipartisan support for crypto legislation. And, I think, an interesting difference between the House side and the Senate side; we did hear from Representative Murphy’s staffer that, you know, they are working on a discussion draft for the tax treatment for digital assets.

At the same time, when we talked to Senator Wyden’s representative, she said that it’s not going to happen soon, that there’s a lot to think about from the tax side of things. You know, the banking side of things has made a lot more progress. We’ve seen bills come out and get through on a bipartisan line this past year on the crypto side, but there’s really not as much movement on the tax side of things.

And she doesn’t expect anything imminently on the tax side of the House. So, you know, moving to Senator Wyden’s tax advisor, she did have some really interesting, and very open and honest, viewpoints, I think that she shared with us. You know, we’ve talked about a lot of it at this point, but she did also mention sort of gambling losses.

I know there’s been some dissatisfaction from folks about that one making it into OB3. She also mentioned WOTC as well. So, you know, I think just politically she’s saying there’s just some real roadblocks to having any of that through. She mentioned that I think it’s been almost nine years since a technical correction bill has gone through.

So, it’s happened before, but it’s definitely not something recent. Of course. I mean, that being said, right, it’s been a while since something as big as OB3 has gotten through as well. So, you know, I think that’s a never say never, but it’s also not something that she’s clearly heard a lot of talk about or anything like that.

She did point out that the next major topic is going to be affordability and housing. And so, she indicated that’s really what’s driving policy at the moment, on both sides of the aisle. And so, I would take a look at if you hear anything in that area, I would expect that maybe that’s what’s going to be talked about in the coming year.

DEVIN TENNEY

Interesting. Well, you also mentioned that there was an economist there as well. What did they touch on?

IRIS LAWS

Yeah. Great question. It was an awesome update from the AGC. You know, clearly I’m not an economist so this is all news to me and I found it fascinating. It is specific to the construction industry, so I did want to make that point clear. But at the same time, I think the construction industry is also a good indicator of maybe what’s happening in other industries.

Or, you know, construction affects all of us as a good indicator of growth, that kind of thing. So, that being said, you know, they are seeing this somewhat slow GDP growth and a little bit more constrained labor market. But the growth that they are seeing, I think probably is not a surprise to folks based on the news coverage lately.

And that’s data center construction. And so, that is booming, followed by power production. You know, probably a lot of that is to support the data center construction, right? Those two could be tied. I did ask her, the economist, if, you know, what part of that power production is tied to clean energy. Obviously, that’s sort of a place that I have focused on, tax legislation-wise.

And she’s like, she didn’t have that data in front of her, but it would be an interesting stat, right, Devin, to say, hey, you know, clearly a lot of this is data center construction. But if we pulled out clean energy, especially coming up to the new legislation change that’s coming into effect here shortly with OB3, you know, what would that number look like. Following power production, we’re seeing a strong showing in healthcare and also sort of water-sewer construction.

So, that being said, on the flip side, they’re sort of expecting negative growth in the areas of K-12 schools and higher education, lodging, private office, and retail space. So, I think that kind of, and this is just, you know, my observation, of course, is just reflects where things are going. Right?

Like if prices are going up, then we wouldn’t expect as much travel or retail spending. And so, I think that’s kind of a reflection of the trends that we’re seeing overall. A top concern that they had in the industry, I think first and foremost, was labor. We talked a good bit about that, both due to immigration as well as other factors.

But, you know, I think a big concern for them is a difficulty in hiring qualified workers, which of course, led into the discussion of the value of trade education and that kind of thing. So, it was a really interesting space. And I think there’s some movement countrywide, from the association and other folks in that space, in trade schools and things like that, which could support this need.

But other concerns, we’re talking about, obviously, just as everyone is, the concern for an economic slowdown, whether there’ll be a recession or that big R-word, right? But, the second is obviously insufficient supply of workers as well as worker quality. Just if there’s less supply, the cost is going to go up as is all of our understanding of economics.

So, rising direct labor costs. And then we turn to material costs. And that’s where the discussion of tariffs would obviously come in for an industry that is so affected by the price of the products that they’re using for construction. So, they did say that they’re experiencing sort of raised bid prices because of tariffs. So, how is the industry responding to tariffs?

They’re raising their bid prices. I’m not sure, I didn’t take a note as to what this period was for this stat, but I did make a note that those bid prices we’re seeing sort of an increase of 40%, which is, you know, significant. But they are passing most or all tariff costs on to the project owner.

About 35% of companies, they’re saying, do that. So, you know, I think there’s a little bit of a dance which we’ve talked about, Devin, of, hey, how much are you just going to pass that price on versus how much are you going to negotiate in a contract versus how much are you going to eat, all of those good things.

But we are seeing, an interesting observation that she shared was that about 32% of their respondents to their poll sort of said that they are accelerating purchases. So, they’re saying, hey, we know the landscape of what the tariff is now, we’re not super confident about what’s happening in the future. So, they’re actually accelerating what they’re buying up front and have been doing that.

So, yeah, some really interesting observations there. And then, you know, we rounded out the discussion a little bit with renewables, of course, and the related construction there. I think folks are trying to accelerate the construction pre-OB3 kicking in for solar and wind specifically. But you know, we’ll have to see what happens there if there’s a new reg or legislation that does come out to sort of tamper the effects of OB3 or, you know, it really just might be folks pushing pretty hard to get those projects to ground.

DEVIN TENNEY

Yeah, I mean, you get those impending deadlines, you have restrictions on where you can source things coming up and pair that with the tariffs, it seems like that could get a little pricey on the materials side. So, definitely understand why companies might be accelerating those projects.

IRIS LAWS

You got it.

DEVIN TENNEY

Well, thank you, Iris. That was all extremely informative.

IRIS LAWS

Thanks, Devin. Yeah, it was really great experience. And, you know, we as a firm attend stuff like this all the time and, just happy to sort of give you all some insight into what we’re hearing.

DEVIN TENNEY

Well, thank you for your insights, Iris. Up next, we’re going to be joined by Kris Esposito from the AICPA to talk about all the different things that the AICPA is really doing to help taxpayers when it comes to tax policy and guidance.

Well, Kris, thank you so much for joining us today.

KRIS ESPOSITO

You are welcome. I’m happy to be here.

DEVIN TENNEY

Well, for our listeners, I have had the incredible fortune of getting to know Kris over the last two years as a volunteer with AICPA on their Employee Benefits Tax Technical Resource panel. And so, I was really hopeful that Kris would be willing to join us and talk about the AICPA.

And so, you know, I, having grown up in public accounting, and even though I’m not a CPA myself, you know, I’m quite familiar with AICPA, but it may not necessarily be something that a lot of people in the industry, particularly business owners, are familiar with, or CEOs. CFOs, I would assume so, but for the most case, Kris, I was hoping that if you know, for those who aren’t familiar, could you maybe talk about, you know, what is the AICPA, the American Institute of Certified Public Accountants? What’s your role in the industry? And, you know, what are you guys doing that’s directly or indirectly affecting businesses?

KRIS ESPOSITO

Sure. So, I’m going to come at it from a tax perspective because I’m a director on our AICPA Tax Policy and Advocacy team. And that is part of our AICPA Tax Division is we have folks that do audit, folks that do the AICPA exam. We have folks that do conferences. There’s a lot of different arms but I’m in our Washington, D.C., office and I work solely on tax policy and advocacy issues.

So, our tax division, we have two main components. Basically, it’s our staff and volunteers and we really couldn’t do what we do without both. And on the staff side, we have our Tax Policy and Advocacy team, which is a very small team and we focus on lobbying for sound tax policy and tax administration. And then we have also the Tax Practice and Ethics team, and they support our members through, you know, the development of like resources and also they deal with our ethical standards.

So, they set standards, they maintain those ethical standards. And then outside of the tax division, we have a Congressional Political Affairs team, and we work closely with them on tax-related legislative issues. But what really makes the AICPA and the tax division unique is folks like you, Devin, our volunteer network. And just on the tax side, we have about 250 tax experts that are appointed to tax committees.

And then, you know, like on the audit side and other areas of our organization, they also have volunteers. But if you think about it, just on the tax side, there’s 250 tax experts that we work with.

DEVIN TENNEY

And what’s really cool about that 250, just to interject, these are the leaders in the industry. They’re the individuals that actually were at IRS and Treasury. And, you know, oftentimes wrote the regulations and the guidance that’s applicable to the things that we are now, you know, working with AICPA on to advocate. And so, it’s incredible.

KRIS ESPOSITO

Yeah, just on our committee, we have folks that used to be at the IRS. We have folks that used to be in Treasury. And if you remember, about a year ago, Devin, we were working on an issue. One of our folks that was prior Treasury in the late ’90s pulled out; literally she had a hard copy of one of our comment letters from well before my time and well before your time working with us on the issue, because it stemmed back from a very long time ago. And we were all stunned. We’re like, oh my God, you have hard copies of our comment letter, like stashed away in your personal stash. So, it’s really amazing how, what are, you know, the level of volunteers.

DEVIN TENNEY

Their expertise, the color commentary they’re able to add at these presentations that they’re giving with the AICPA conferences. So, yeah, it’s truly incredible what the AICPA has been able to do, at least in the tax industry from what I’ve seen in comp and ben, and I imagine that applies everywhere. And honestly, I’m even surprised to hear how broad AICPA is outside of tax.

But I do want to focus on the tax advocacy since that’s where you specialize and where I’ve been able to do some volunteer work. What does that actually mean in the practice?

KRIS ESPOSITO

So, basically, the value we bring to the table with our advocacy is the real-world experience that you have, that the other folks on the committees have. You’re working with clients. I’m not working with clients anymore. I used to, years ago. And the folks at IRS, and Treasury, and in Congress, maybe they’ve come from the firms, but they are no longer with those firms, so they’re not in practice.

And, you know, they’re the ones making the laws. They’re the ones that write the regulations to implement the laws, but they don’t have the real-world experience. And that’s where they really rely on us to help them and say, okay, well, here’s our idea, and we really need help figuring out is this going to work in the real world.

Now, they don’t always take our thoughts. We have a lot of success, but a lot of it also is at the Treasury and the IRS level, where they really do want our help after the laws pass, writing those regulations. And everything that we do is really grounded in one basic core idea which is serving the public interest by advocating for sound tax policy and effective tax administration.

So, that is, everything we do is based on that. And we don’t advocate, we are bipartisan. We are not a political party. We advocate for what’s the best outcome we can get for our members. On our committees, you know, we have folks from, that are prior government, but some are at law firms, some are at the Big Four, some are in medium-sized firms, small firms.

A couple folks even have their own benefits firms. So, we try to come at it from all areas so that everyone’s covered. It’s not like we’re lobbying for the big firms or the small. It’s everyone. We want the right answer. So, when we look for our volunteers, they go through a review process; you have to apply, as you know. We want a mix of folks because you guys are really the foundation of what our work is because you’re on the ground with the client issues.

DEVIN TENNEY

Yeah, it’s really incredible getting to listen to all the insight and our focus on what do we want to bring to the IRS or Treasury. Do we really want to take this position because is it going to be beneficial to our taxpayers, to the clients at the end of the day? And if it’s not, it may be something that, hey, we probably can use some guidance here, but we don’t even want to bring this up because we certainly don’t want to get a, you know, a negative outcome from, you know, alerting the IRS on this.

And, just one example that I got to experience, you know, the impact of this advocacy is I recently did a comment letter, with another member on the firm, one of the most, I think, esteemed individuals in the qualified plan world, on the Roth contribution catch up provisions and, in response to a proposed reg that had been issued and I was so excited when the final regs were issued to read through them and see that they actually addressed our comment letter, and then made changes that were reflected in the final regulations based on the comments that we had made.

So, that for me, it was a really cool experience getting to look and see the actual impact that, you know, we get to have on, you know, in the industry as a whole by working with the AICPA and, you know, bringing hopefully some, you know, clarity and, you know, additional guidance to taxpayers that’s sorely needed.

KRIS ESPOSITO

Yeah. I mean, we absolutely make a difference. Like I say, not everything we bring to the table gets put into the regs or the law, but that’s just life. I mean, but we have, we’re very well respected in Washington, D.C., Our team is in Washington, D.C. And again, we are always told it’s because we are bipartisan. It’s because we have the volunteers on the ground.

And, like you said, with the comment letters, you know, we spend as, you know, hours working on a letter. We have so many calls to develop a letter and we really, you know, talk through the positions. They are not slapped together in a day or hours. These letters are really, you have all these experts, you know, either in a meeting, in a room or we’re on Zoom and people are hashing things out, and everybody has a say and everybody, you know, our group is such a great group, the Employee Benefits Group, to work with because folks are not afraid to speak up.

Hey, if they say, you know, hey, I don’t understand where you’re coming from, can you help me understand? And maybe I don’t agree with that. So, we actually work things out, even before this letter is public. It’s really being baked, like, really well, you know. And sometimes as we’re working on it, after people start reviewing it, we’re like, okay, you know what? I like this position, but I no longer like this one after reading through everything. So, we take that out. I mean, it’s just, it’s like a real project. And they’re actually fun.

DEVIN TENNEY

And one of the cool things that I’ve also kind of experienced is the camaraderie among the individual, the industry. They’re all, you know, competitors at the end of the day. But I’d say they’re really not, they’re friends at their core. You get along, and I can’t say if that’s the same for some of the other industries and groups and, how many committees are there in tax?

KRIS ESPOSITO

I think there’s about 12 on the lobbying side. And then we have three on the resource and ethics side. So, we’re really structured just like the IRS, like in terms of the IRS has like a partnership group, we have a partnership group. They have an S-corp group, we have an S-corp group, employee benefits, individual and self-employed.

I always think of it as, you know, sort of a patient and you have a foot issue. You’re not going to go to a heart doctor and vice versa. So, we make sure that we have individuals that can deal with each specific area of tax that are really like, you spend your time in benefits, other folks spend time in international tax, but that’s all they do.

And that’s all you do. You know, because there’s so many arms of tax, but you need all the specialists to come together.

DEVIN TENNEY

Yeah. And the groups often come together as well when you have an issue that overlaps into multiple different areas.

KRIS ESPOSITO

Yeah, those are the fun ones. But they’re also difficult because you’re really educating each other as you’re working on something. And so, you know, as you know, we had a recent comment letter we were working on and we worked on it with another committee and they had a very different idea than we did. And we had to have a lot of hours of conversation to get on the same page.

And ultimately it was great because we submitted a comment letter and the government actually used some of our examples in the guidance they put out. So, it’s worth all of those conversations that we have, you know, even when folks disagree. But it comes in, and then we have a great product because we hashed everything out beforehand, and we saw the results actually in the regs or in the in the guidance. It might have been, I think it was a notice.

DEVIN TENNEY

Yeah. It really is just incredible how much work is being done behind the scenes with AICPA that’s really driving a lot of the tax guidance and thought leadership that’s out there. And on that point, I mean, you’re in D.C., your office is in an incredible location. You’re a block away from the Treasury Department and the White House.

KRIS ESPOSITO

Yeah. And IRS is like a quick walk away as well. And Capitol Hill is a quick cab ride. Because we have our Congressional Affairs Team, they work on all types of issues, but they also work on tax issues. I mean, you’ve worked with some of the folks there. So, they’re always, they’re on the Hill every other day, and they’ve all come from the Hill.

And then our team, yeah, we have access. You know, we’re in a very good location. We’re just, you know, in the mix of things. And we’ve been able, because of all of that, we’ve really been able to position the AICPA as a thought leader in tax policy and advocacy. And it’s because of our volunteers and because of our staff, and we’re very well-known and very respected. And so, it makes our life and our job, while it’s difficult, it makes it easier because we see the results in the guidance.

DEVIN TENNEY

Well, you guys have been on the Hill. What do you anticipate that we could realistically see in the next 6 to 12 months that might affect businesses?

KRIS ESPOSITO

You know, it’s easier, with bipartisan issues right now. That’s probably pretty obvious, but digital assets is a big bipartisan issue. Not too many bipartisan issues. Another one is retirement. Everybody wants Americans to save more for retirement. And that goes the same for Congress. But we did have some retirement packages come out in the last couple of years.

But right now, digital assets is a big one. And I know Treasury and the IRS, they’ve released guidance. But there’s a lot of questions that are still unanswered. And there was a hearing before the Christmas holiday, it was several months ago. And they asked, so we have a digital assets task force, and task forces roll up into our committees.

And they’ve been active for years now. But they asked the head of our task force, Congress asked them, it was a Senate Finance Committee hearing, to testify. Because if you testify, we testify at hearings on the Hill or even at the IRS. Yes, we submit comment letters but, you know, a lot of times Congress will say, oh, we’re going to have a hearing on this issue or that issue, and then they’ll put different people, like the AICPA was one.

And they’ll have different people that are, you know, digital asset experts at this hearing. And they’ll ask them, you have like 10 minutes to testify on what, you know, you have the gist of what the hearing is, and you say what you want to say. But then the folks in that hearing have, in the Senate Finance Committee, they have five minutes each to ask questions.

And so there was a hearing; it was bipartisan. And then afterward, there were a lot of follow-up questions that actually we just submitted responses to. So, we are, we know they’re working on that. I don’t know, with everything else going on, what that timeline looks like, but it is something that the Hill is looking at, and Treasury, and the IRS, because they know that the issue isn’t going away.

It’s just getting more complicated. So, that’s a big one that we’ll see. The other one, you know, there’s been a tax administration package swirling around Congress for like two years. It’s bipartisan. We’ve seen some and we’ve endorsed a bunch of the pieces in that bill. We’ve seen one be pulled out, the Math Error Rule. It mandates IRS to now list out, when they send, you know, you filed your tax return, you send it in, you get a notice from the IRS.

And they say, well, you made a mistake. And you’re like, well, what’s the mistake? And it doesn’t tell you. Well, this new law, which was actually in the tax administration bill that we endorsed, they did pass it separately. Then it’s going to make the IRS, as of November of this year, actually give you what your math error was, which is going to help folks, you know, instead, you’re like, well, where did I make a mistake?

Well, now you’re going to know. They’re going to tell you. So, you could see if it really is a mistake or not. So, those types of things. And I see the IRS just announced another restructuring in terms of how they operate. That’s going to be on the horizon. Yeah. So, those types of things.

DEVIN TENNEY

That’s gonna be very helpful. Do you think we’ll also, do you anticipate to see a lot of maybe proposed and final regs and other forms of guidance relating to all the different OB3 provisions?

KRIS ESPOSITO

Yes. And I know they’re working on it now. And IRS and Treasury have what they call a priority guidance plan. And as you know, Devin, we have input into what that priority guidance plan looks like because we submit our priorities. The AICPA submits the priorities saying, hey, you should work on this guidance first over, you know, second, third, whatever over the next year. And they have a lot of the OB3 guidance in there. Because it, you know, there are a lot of temporary provisions that are just like the next four years, like the no tax on tips and no tax on overtime.

There’s a lot of temporary pieces. So, they’ve got to get the guidance out sooner rather than later. Because if they wait it’s, you know, folks aren’t, we need to know, our members need to know what to do, how to handle each of these things. So, yeah, that and also SECURE 2.0., some remaining guidance on that. They’re still working on, a lot of those rules have come out but they need to do final regs on those.

So, yeah, they are working on it. And as you see we did get a request to meet with some Treasury and IRS folks because they do need help with how to write these regulations. So, they requested another meeting with us in addition to our comment letters to help them understand.

DEVIN TENNEY

Yeah. And on this podcast, I have certainly commended the IRS and Treasury on their efforts relating to OB3, particularly tips and overtime. As someone who was, you know, really deep into the ERC when it first came out over the first, you know, few years, it was a little frustrating, particularly dealing with the FAQs. So, what we’ve seen on tips and overtime, for me at least, has been extremely helpful in helping to advise, you know, clients internally on how they should be, you know, assisting their clients externally, and so forth.

So, I think they really are doing a great job. And I expect we’re going to see a lot more from them this year as well, on that and many other areas. So, last question for you just to wrap things up. What would you recommend, you know, in regards to like good online sources that businesses could follow to stay current with all of this?

KRIS ESPOSITO

So, we do have, our Tax Practice and Ethics team does have a lot of resources on our website, especially related to OB3 since there is a lot of guidance coming out. But we also have something, it’s a tax webcast series called the Washington Tax Brief that we do 3 to 4 times a year, and the next one is February 25th. And what it does, it’s all things tax, it doesn’t take a deep dive into everything, but you will get a view. We have our congressional affairs folks on there to talk about what’s happening in Congress. Really up to the minute. And then we give you up-to-the-minute updates on all things regulatory as well. Literally up to the minute. I’ve had things come in like a minute before we go on and we just, we put that out there. So, we’re constantly looking into everything. So, that’s a great one on February 25th at 1:00.

DEVIN TENNEY

How would a business register so they can attend that?

KRIS ESPOSITO

So, go on to the AICPA website and just type in 2026 Washington Tax Brief. It’ll pop up and it’s free if you’re an AICPA member and it’s only $42 if you’re not.

DEVIN TENNEY

Great. Any other any other last comments or advice?

KRIS ESPOSITO

Well, we’re just, you know, we’re always looking at everything tax-related and staying on top of it so that you know that your life is a bit easier when you have to deal with the, you know, ramifications of any tax law or regulations. So, we try to do the heavy lifting for you.

DEVIN TENNEY

You guys really have been. Kris, thank you so much for joining us today. This was really exciting.

KRIS ESPOSITO

You are welcome. And thanks for having me on.

DEVIN TENNEY

Absolutely.

KRIS ESPOSITO

I appreciate it.

DEVIN TENNEY

Each episode will bring you what we call a Focused FORsight of the week, an article or webinar that might be of interest to you. This week’s Focused FORsight is actually a recurring publication that our firm puts out, “From the Hill,” which comes out every Tuesday and highlights of top tax news, whether it be from the Hill, IRS updates, or court cases from around the nation. You can sign up for “From the Hill” on our website by subscribing to our tax list. Or you can just go to Iris Laws’ LinkedIn and find it there.

IRIS LAWS

And that’s our show. Thanks for joining. Remember to subscribe and listen in for the next episode of the podcast. Until next time.

ANNOUNCER

The information set forth in this podcast contains the analysis and conclusions of the panelists based upon his, her, or their research and analysis of industry information and legal authorities. Such analysis and conclusions should not be deemed opinions or conclusions by Forvis Mazars or the panelists as to any individual situation as situations are fact specific.

The listener should perform their own analysis and form their own conclusions regarding any specific situation. Further, the panelists’ conclusions may be revised without notice, with or without changes in industry information and legal authorities.

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