Tax Section Odyssey

These podcasts are produced and brought to you by AICPA & CIMA, together as the Association of International Certified Professional Accountants. They cover a broad range of topics of interest to accounting and finance professionals worldwide.

AICPA is the abbreviation for the American Institute of CPAs, and CIMA stands for the Chartered Institute of Management Accountants. Our founding membership bodies continue to serve professionals, students and the public worldwide when communicating specific legal, regulatory statutes and governance.

This selection includes active shows, along with some that have reached the end of their season. We welcome your feedback, along with any questions and suggestions. Get in touch at podcast@aicpa-cima.com

AICPA & CIMA Show(s) Available

To amend or not to amend — that is not the only question

Dec 14, 2021

The IRS recently released long-awaited guidance related to PPP forgiveness with three revenue procedures — Rev. Procs. 2021-48, 2021-49 and 2021-50.

Earlier in the year, the AICPA submitted a letter to the IRS requesting guidance for a range of issues which are addressed in the revenue procedures. These include:

The...

Finding your tax nirvana with Tony Nitti

Dec 01, 2021

In these challenging times, many CPAs may be contemplating if working in the profession among constant chaos is worth it.

In this Tax Section Odyssey episode, Tony Nitti, CPA chats with April Walker, CPA, CGMA, from the AICPA Tax Section, about the current state of the profession and its future. Professionals at all...

K-2/K-3 — Making sense of new international passthrough reporting

Nov 17, 2021

In June 2021, the IRS released final versions of two new international-related schedules that are being added to passthrough entity returns:

Schedule K-2, Partners' Distributive Share Items — International
Schedule K-3, Partner's Share of Income, Deductions, Credits, etc. — International

The new...

Special edition: Update on recent tax legislation

Nov 12, 2021

The Infrastructure Investment and Jobs Act was approved in the House of Representatives on Nov. 5, 2021 and is headed to President Joe Biden's desk to be signed into law. The House passed the legislation by a 228–206 vote after it passed the Senate by a 69–30 vote in August.

In this Tax Section Odyssey episode,...

Why international tax is a big deal for every tax practitioner

Nov 03, 2021

Many tax practitioners think their clients are insulated from the world of international tax issues. However, as the business environment continues to evolve globally, tax practitioners need to make sure they are taking inventory of various international tax matters. International tax policies can dramatically...