Tax Season Not Normal With BKD #096 - a podcast by Damien R. Martin, CPA

This time of year, tax practitioners are normally greeted with the question, “How was tax season?” With the disruption caused by the SARS-CoV-2 virus and the incidence of COVID-19, however, it clearly isn’t business as usual. Host Damien Martin kicks off a multi-episode look at the tax season with BKD’s Jesse Palmer and Gene Morgenthaler to get their insights on approaching challenges and tax planning opportunities. Here’s what’s covered:

• “Just trying to keep on top of everything” [01:36]
• Areas to focus on [05:09]
• Qualified improvement property fix [12:34]
• Surprises from relief provisions [14:48]
• Tips for going forward and opportunities to look for [20:06]
• Wealth transfer considerations [23:13]
• State, local and other considerations [26:27]
• Jesse’s recommended approach [29:20]
• Damien’s advice to businesses and owners [32:14]
• Gene’s background and experience [39:00]
• “Like no other tax season in the last 39 years” [48:02]
• The bottom line for tax professionals to tackle the months ahead [51:40]
• Step back and consider the big picture [56:43]
• Lessons from Gene and tips for a successful tax career [59:54]

Learn more about our guests and get additional resources here.

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