Tribune: TikTok lawmakers

During a Financial Accounting Foundation Oversight Committee meeting held last week, the Government Accounting Standards Board (GASB) announced that it is launching a series of short videos to help lawmakers understand financial reports.

Previously, GASB published user guides to help lawmakers, but according to GASB’s chair, Joel Black, “In this day and age, very few elected officials, if any, are probably going to read a 200-page PDF.”

I’m all in favor of using technology to help make difficult things easier to understand, but using short videos that I imagine as TikTok videos to help lawmakers understand financial reports doesn’t give me a lot of confidence in our lawmakers. At Spidell, we often pore over hundreds of pages of tax legislation. If we can read what lawmakers pass, shouldn’t we expect them to read financial reports that they base their votes on? And if 200 pages is too long for them, then who is reading the 800-page bills they are passing (other than us)?

In my limited spare time, I have worked on learning more about AI and how I can best use it in my practice and everyday life, but this new revelation from GASB makes me wonder if I can get AI to create a 10-minute video explaining every nuance of the One Big, Beautiful Bill Act, but I can’t imagine AI can even do that.

Tribune: Ready to launch … Come to the Integratron

Feeling like if you are handed one more shoe box of receipts, you’ll likely launch them into outer space?

Halfway through the tax season and desperately needing a quick rejuvenating getaway to get through the dog days of March?

Well, for those of us living in Southern California, the answer may just be a few short hours away. And even if you don’t literally make it to the stars, you may be able to ride the sound waves to an altered state of mind.

I’ve lived in San Diego for 25 years now and thought I’d discovered all of the quirky out-of-the-way places to go, but last week I uncovered something that had previously escaped my radar: the Integratron.

Located near Joshua Tree National Park, the Integratron, a large white domelike structure, was built by George Van Tassel. Van Tassel was a former aviation engineer for Lockheed and Douglas Aircraft (of Howard Hughes fame), who felt compelled to build the structure after having had an encounter in 1953 with Solganda, a 700-year-old visitor from the planet Venus. The meeting occurred after Van Tassel had sat for several hours under Giant Rock, a seven-story high boulder in the Mojave Desert, to commune with Native American spirits.

According to Van Tassel, Solganda’s space craft landed on an airstrip located next to Van Tassel’s home and that Solganda wore a gray-one-piece bodysuit, spoke perfect English, and had come to Earth because “Earthlings’ reliance on metal building materials was interfering with radio frequencies and disrupting interplanetary ‘thought transfers.’”1 But the greatest takeaway that Van Tassel got from his meeting with Solganda was that he was given a formula to build a “machine that would generate energy to suspend the laws of gravity, extend human life, and facilitate high-speed time travel.” Hence the Integratron, which took over 20 years to build.

Unfortunately, Van Tassel died in 1978, alas, not having been able to extend his life and, as far as we know, without having been able to time travel. However, all is not lost. Three sisters, originally from the East Coast, have purchased the Integratron. And although not claiming to offer exactly all that Solganda had promised, the sisters do offer amazing sound bath experiences that I’m sure can elevate you to another plane psychologically, make you feel younger (at least for a moment or two), and, most importantly, transport you away from your computers for at least a day or two.

I for one am signing up! Care to join me? Details are available at www.integratron.com/.

1 Rosen, Judy (August 20, 2014) “Welcome to the Integratron,” New York Times

Tribune: De minimis lime and other crime

If you can dream it, you can sue someone for it. Footlong sub is only 11 inches?1 Lawsuit. Texas Pete hot sauce is made in North Carolina?2 Lawsuit. Mozzarella sticks don’t actually contain any mozzarella?3 How dare you! Lawsuit.

Here are a few examples of products that failed to live up to lofty consumer expectations.

Burnt by the sun

Benjamin Careathers sued Red Bull for false advertising, claiming that while he knows that Red Bull won’t literally give you “wiiiiings,” it was dishonest advertising because Red Bull should give a higher energy boost than coffee.4 It turns out that Red Bull actually has less caffeine than an average cup of coffee. Careathers won, and Red Bull shelled out $13 million to customers. Anyone in the U.S. who bought at least one can of Red Bull (no proof of purchase required) was entitled to $10 cash or $15 worth of Red Bull product.5

Melting under pressure

Amanda Ramirez sued Kraft over the statement on the packaging of Velveeta Shells & Cheese Original Microwaveable that states “Ready within 3½ minutes.”6 She alleged that these instructions only describe the cooking time and fail to take into account the time it takes to remove the lid, add the cheese sauce, add water, and stir. Had she known it would take longer than the stated time, she claimed she never would have purchased the product. Ramirez was seeking $5 million, but a judge dismissed the case because she “suffered no injury.”

De minimis lime

Rachael Barnett sued Frito-Lay after her experience with their Hint of Lime Tostitos soured.7 Barnett argued that “she expected it would have more of the named fruit ingredient, not just for flavor but for its nutritive value.” Her claim argued people increasingly turn to snacks that provide a healthy indulgence through ingredients associated with positive health benefits. The case was voluntarily dismissed, indicating a probable settlement. Note: This was the same attorney that represented Ramirez in the Shells & Cheese case. Spencer Sheehan is apparently known mostly for going after vanilla-flavored products that contain no actual vanilla and is known as “the Vanilla Vigilante.”8

While it may seem like fast money, these types of suits are very often (rightfully) dismissed. But if the plaintiff does win, the settlement is probably taxable and don’t forget about attorney fees, which take up a minimum of 25% to 30% of the legal award/settlement. Remember that individual taxpayers can no longer deduct attorney fees and costs following OBBBA making permanent the repeal of the 2% miscellaneous itemized deduction. However, an above-the-line deduction from gross income is still available if the fees and costs are paid in connection with any action involving a claim of unlawful discrimination (the above suits no doubt would not fall into this category).

Tribune: Cheat sheet: What curling can teach you about cheating on your taxes

There are two arenas in life where ordinary, respectable people are lured down a dark path, throwing the rules out the window and hoping no one will notice: the curling rink and the tax return.

The Canadian men’s curling team showed us this at the 2026 Olympics, when a player was accused of illegally touching a stone mid-play. It was a transgression so subtle it required video review to confirm, and yet apparently is something that “happens all the time”… the home office deduction of a sport otherwise known for its honesty and sportsmanship. (“Yes, my home office equals the entire square footage of my apartment.”)

What follows is a comparison of two of history’s great cheating traditions: one played in ugly pants and Teflon-bottomed shoes, one played in reading glasses in front of a pile of receipts. The strategies are more similar than you’d think.

  • The double touch vs. the double deduction: In curling, touching a stone twice is illegal. In the tax world, this is the equivalent of divorced parents both claiming their child as a dependent.
  • The spirit of curling versus the letter of curling: The Canadian player reportedly said he didn’t intentionally touch the stone; the Swedish team challenged — how could you touch 42 pounds of freezing granite and not feel it? Sounds like, “Well, it’s not my fault if I didn’t get a 1099 for that income” [leaves the income off the return].
  • The sweep: In curling, teammates furiously sweep the ice to influence the stone’s path. When cheating on your taxes, you also sweep — frantically sweeping receipts into a shoebox and hoping the auditor doesn’t look too hard.
  • The penalty: In curling, a “burnt” (i.e., illegally touched) stone is removed. In taxes, the IRS essentially does the same thing, except your deduction is the stone being removed.

When you cheat in curling, it happens on a world stage with cameras everywhere. Tax cheating happens on a laptop with Doritos crumbs stuck between the keys at 11p.m. in March, and yet somehow the IRS still finds out. The lesson from Canada’s curling scandal is timeless: Whether you’re on the ice or filing your return, the moment you think no one is watching is exactly when everyone is watching.

Tribune: OMG you’re killing me!

Okay, March is around the corner, which means things are starting to get a little tense. Here’s a few accounting puns to provide a little relief (no pun intended):

  • Don’t hate, depreciate.
  • It’s an accrual world.
  • Accountants work their assets off.
  • Accountants are great at relationships — they always know how to carry one.
  • Auditors are just accountants with trust issues.
  • I’m not lazy, I’m just on deferred action.
  • I tried to come up with a tax pun … but I didn’t want to push my levy.
  • Why did the accountant break up? There was too much ledger drama.
  • My accountant has a great sense of humor — his jokes always have a net positive effect.
  • Some people find accounting boring. I find it very taxing.
  • I’m outstanding in my field — my boss put me on accounts receivable.
  • Never trust an accountant who’s always losing their balance.
  • Accountants know the most romantic way to propose is with an engagement letter.
  • Why are accountants so calm? Because nothing phases them — only phases in and phases out.
  • Why do accountants make good lovers? They’re great at going over the figures.
  • Accountants are audit and a bag of chips.  

Do you have some other puns to share? Send them to us at: Editor@spidell.com.

Tribune: A concession

In last week’s Tax Season Tribune article Olympic gold (sort of), I ruffled some feathers within our reader base by not-so-subtly suggesting that Olympic handball isn’t a “real sport.” One kind soul took the time to send me a link to a YouTube video produced by USA Team Handball that explains the sport to an American audience.

After watching the video and taking our reader criticism to heart, I will concede that handball is more of a sport than I gave it credit for last week.

In the spirit of paying it forward, here’s the YouTube link for the short three-minute video www.youtube.com/watch?v=zWh4tmKtIuw.

Tribune: Olympic gold (sort of)

I was shocked when I saw a news story recently when a U.S. gold medalist from the Winter Olympics in Milan, Italy, was showing off her broken medal. Apparently, it broke while she was jumping around in excitement. That bit of cheap craftsmanship led me down a rabbit hole of investigating a little more about Olympic medals.

Did you know that Olympic gold medals are not made of solid gold? I was absolutely shocked by that until I learned that if they were made of solid gold, a single medal would cost about $45,000 at the current cost of gold. But, even then, you may think to yourself, as I did, that $45,000 is a worthy prize for taking the top spot in your sport.

That word “sport” is used rather loosely in the Olympics these days, isn’t it? I’m not one to make fun of curling (much); it’s a fun activity with a group of friends that’s played on a surface that doubles as a beer cooler. But is it a “sport”? Do we really want to give a $45,000 medal to all five members of an Olympic curling team? Isn’t curling just a Canadian version of cornhole? (Okay, fine, it was technically invented in Scotland, but let’s not get technical.)

And what about larger teams? Olympic hockey carries a 25-person roster (25 players × $45,000 gold medals = $1,125,000). That’s a hefty cost. You might suggest that hockey is a popular sport, so the medal cost is justified. I might agree with you on hockey, but when we get to the summer Olympics, there is no way you are going to convince me that Olympic handball, which carries a 14-person roster, is worthy of $45,000 medals per person! How on earth did handball become an Olympic sport? I would apologize to the Olympic handball teams, but I’m just saying what everyone else is thinking.

Moving away from the top of the podium, if you’re curious, Olympic silver medals are made of solid sterling silver and carry a cost of under $1,500 each, and third place carries solid, authentic bronze at a whopping cost of $6 apiece. Maybe we should give the marquee, one-athlete sports solid gold and give the handball players solid bronze and just tell them it’s gold. After all, someone told them handball was a real sport and they believed it.

Tribune: Calculating a world record

On September 24, 2025, accounting industry groups including the Minnesota Society of CPAs gathered at the Target Center in Minneapolis to create the longest line of calculators.1 Their world record total added up to 1,094.

By our math that’s enough calculators to give one to every attendee at one of our tax update seminars in Anaheim, historically Spidell’s largest in-person location. But even that falls well short of the world record for the largest taxation lesson. In 2018, 3,378 people attended a class taught by the Institute of Company Secretaries of India.2

Some other sums

In 2011, General Electric filed a 57,000-page tax return.3

In 2012, the IRS paid $104 million, the largest amount ever to a single whistleblower, to Brad Birkenfeld in the UBS tax evasion case.4

In 2017, Florida man Ramon Blanchett received a tax refund of $980,000.5

What do your accomplishments add up to?

Do you have any tax-related triumphs that are worthy of an entry in the record books? The longest time spent on hold with the FTB or IRS in a single phone call? The most repeated requests for any one client to send you their documents in a tax season (their last tax season with you, presumably)? We don’t have any sway with Guiness Book of World Records, but send us an e-mail and your feat might show up in a future Tax Season Tribune.

Tribune: The phishing pole: municipal utility falls for scam

You know that old phrase “Go with your gut?” It’s one that some employees at Sacramento Municipal Utility District (SMUD) apparently forgot when they received an e-mail from a vendor requesting a bank account change. (TransAmerican Power Poles, Inc. v. Sacramento Municipal Utility District (August 26, 2025) Cal.App.3d, Case No. C100384)

A SMUD employee had been legitimately communicating with its steel pole supplier vendor, TransAmerican Power Poles located in Texas, about invoices totaling $248,885. Then, the employee received an e-mail from what appeared to be the same TransAmerican employee… only instead of the customary @tappinc.com domain, the sender had used @tappincs.com (the extra s is for “sneaky”). The employee failed to notice the difference.

Another e-mail arrived from the fake address requesting a bank account change regarding payment for the invoices. This e-mail appeared to CC the actual TransAmerican controller at his legitimate e-mail address, although he never received it.

The SMUD employee was suspicious. Another employee called the situation “sketchy” and a third labelled it “shady.” They decided to call TransAmerican and check it out. They even called twice… at 6:54 PM and 6:55 PM Texas time, which was after hours at TransAmerican, and so no one picked up. The SMUD employees didn’t leave a voicemail, overrode their guts, and wired $248,885 to the scammer’s account.

When the real TransAmerican came looking for payment, SMUD essentially replied, “we already paid you” and refused to pay again, arguing the imposter was TransAmerican’s “ostensible agent” and that paying twice would be an unconstitutional “gift of public funds.”

The shocking conclusion

The court held that SMUD had failed to exercise “ordinary care,” which is a very technical legal term meaning “call back during business hours.” The lesson for tax professionals: when a vendor suddenly changes their banking details, trust your gut and verify through a known contact method.

The court ruled that SMUD was liable to pay TransAmerican the full $248,885 for the steel poles that were actually delivered, even though SMUD had already lost $248,885 to the scammer.

FTB interest rates released

The FTB has released the interest rates for the second half of 2026. (FTB Tax News (February 2026)) For the period July 1, 2026, through December 31, 2026, the rates remain unchanged from the first half of 2026:

  • Personal underpayment/overpayment and corporate underpayment: 7%; and
  • Corporate overpayment: 4%.

You can access historical rates at:

www.ftb.ca.gov/pay/penalties-and-interest/interest-and-estimate-penalty-rates.html

160 lenders extend mortgage relief for LA fire survivors

The Governor’s office announced that over 160 lending institutions have committed to provide a streamlined process for at least one additional forbearance period of up to 90 days for qualified borrowers. This is in addition to the 12-month commitment required by AB 238 (Ch. 25-128) enacted last year. 

According to the Governor’s office, this latest commitment of an additional 90 days forbearance is subject to approval by investors such as Fannie Mae and Freddie Mac and is consistent with the terms of the Governor’s January 2025 agreement with banks. This includes offering payment options that do not include lump-sum (balloon) payments, waiving any mortgage-related late fees that accrue during the forbearance period, and not reporting late payments on forbearance amounts to credit reporting agencies.  

Additional information is available at: www.gov.ca.gov/2026/02/06/governor-newsom-announces-funding-for-la-fire-survivors-to-access-pre-built-housing-to-further-speed-recovery-and-maintain-neighborhood-character/ 

Tribune: A sobering reminder for tax season fuel

Tax pros powered by Celsius energy drinks during busy season should exercise some caution — they might accidentally get more of a buzz than they bargained for. 

In late July 2025, High Noon issued a voluntary recall after discovering that some of its vodka seltzers were accidentally labeled as Celsius Astro Vibe energy drinks. The packaging mix-up occurred when a supplier mistakenly shipped empty Celsius cans to High Noon’s production facility, where they were filled with 4.5% ABV vodka seltzer instead of caffeine-fueled energy drink. 

The mislabeled cans — featuring a silver lid instead of the standard black Celsius lid — were distributed to retailers in Florida, New York, Ohio, South Carolina, Virginia, and Wisconsin between July 21–23. While no illnesses have been reported, the FDA warned that consumption of these products could lead to unintentional alcohol ingestion. 

For tax professionals who depend on energy drinks to power through marathon filing sessions, this recall serves as a cautionary tale. Imagine reaching for what you think is your afternoon energy boost, only to discover you’ve been sipping vodka seltzer all day. Your work product might become decidedly more … creative.  

The affected lot codes can be found on the FDA website, but the key identifier is simple: If your Celsius has a silver lid, don’t drink it unless you’re planning to make estimated tax payments significantly less stressful (though significantly less accurate).  While this particular recall affects a small batch of products, it’s a good reminder that even in the midst of tax season chaos, it pays to double-check what you’re consuming. After all, the only thing that should be intoxicating about tax work is the thrill of finding that last missing W-2.

Tribune: A delicious side hustle? You bet your buns

When the government shut down in October 2025, IRS attorney Isaac Stein was ready for the furlough — he immediately pivoted to being a full-time hot dog vendor.1 It was a move as natural as the casings on a Vienna Beef hot dog, because Stein had dreamed of having his own hot dog cart since he was a child.

The pivot was easy because Stein had just opened a hot dog cart after years of consideration. In September 2025, Shysters Dogs (“The Only Honest Ripoff in D.C.”) hit the sidewalks but was only open on Fridays and weekends because, at the time, Stein was working at the IRS. Once furloughed, the cart was open full time with Stein slinging dogs in his usual IRS attire: a suit.

His menu includes what he refers to as “the correct hot dog”: mustard and sauerkraut on a steamed bun with a Hebrew National hot dog. Of course, being from Detroit, I have beef with this. The real “correct” hot dog is a Kowalski natural casing hot dog in a steamed bun with Detroit Coney Island sauce, mustard, and onions. Preferred sides are curly fries and a Greek salad with that pink dressing.

According to the National Hot Dog and Sausage Council (there’s a National Hot Dog and Sausage Council?), here are the many regional varieties that make up the billions of hot dogs consumed by Americans each year: www.hot-dog.org/
culture/regional-hot-dogs
.

So, if you’re an IRS employee facing a government shutdown or a tax preparer who’s working their last tax season, a hot dog cart could be the next step. Because you can’t bacon-wrap a tax return.

Tribune: I get by with a little help from my…”friends”

We’ve all seen the Tax Day cocktail videos on TikTok and YouTube. But while taxpayers need liquid courage on April 15, we know tax professionals need it long before then. So, in addition to providing tax tips to help you survive tax season, we thought our subscribers could use guidance on liquid flow rather than cash flow.

Below are our top five cocktails to help you enjoy (or at least endure) tax season.

The Up All Night*

For those marathon nights leading up to March 15 and April 15, combine in a cocktail shaker:

  • Ice
  • Coffee liqueur
  • Hazelnut liqueur
  • Tequila (because decisions were made)
  • Coffee cold brew (because it’s all about productivity)
  • A dash of B complex with vitamin B12 (pretending we care about health)
  • Aqua fava (fancy garbanzo bean juice — don’t ask questions)

Shake vigorously to take out your frustrations, pour into a coupe glass, and sprinkle with some crushed espresso beans. Pairs well with Schedule C reconciliations.

The Math Hard*

When numbers are no longer making sense, these numbers will definitely help — at least when poured into an ice-filled tumbler:

  • New Deals Gin #1
  • Tequila #1800 Verdano Blanco
  • 19 Acres Very Berry Hard Cider
  • 7-Up
  • 151 Rum

Warning: After consuming, you may find the standard deduction suddenly seems quite reasonable.

The IRS*

Forget the Internal Revenue Service — enjoy your very own IRS: Ice cream, Rum, and Stout.  Just pour stout into a beer mug, add a little coffee rum, and top it off with some chocolate ice cream. Your staff will be far more willing to spend three hours on hold with the other IRS with one of these in hand.

Pro tip: Every time the hold music restarts, take a sip.

The Margin of Error**

Because we all build in a little cushion, right? Just pour one ounce whiskey and 0.75 ounce elderflower liqueur into an ice-filled cocktail shaker. Shake, strain over fresh ice, and top with a splash of seltzer.

Consume while explaining to clients why their “estimated” taxes were only off by $12,000.

The Painkiller***

When 60-70–hour weeks have become 80-90–hour weeks, pour into a cocktail shaker:

  • 2 tablespoons orange juice (Vitamin C counts!)
  • 4 ounces 100% pineapple juice
  • 2 ounces dark rum (or 4, we won’t judge)
  • 1 ounce cream of coconut

Add ice, shake, strain into a highball or hurricane glass, and top with freshly grated nutmeg.

Recommended serving: After filing your 47th extension of the day.

Drink responsibly. Remember alcohol is no longer deductible even if served for the convenience of the employer, or for entertaining your clients, as entertaining as you may be … or may become.

Tribune: Warning: Tax pros better up their game … literally

For a moment it looked like the tax world was about to be taken over by PokéTax, but accountants can now breathe a sigh of relief. At least for now, PokéTax has been sidelined .

Last April, Pryce Adade-Yebesi, the 24-year-old co-founder and CEO of OpenLedger, unveiled PokéTax, a new game that uses Tax Trainers, representing different parts of a tax form, like income, deduction, and credits (put me on the exclusion team please!), to complete a tax return. Once the “run” is finished, the player is directed to the IRS Direct File site to officially submit the return.1

PokéTax Tax Trainers ask players various questions to help them win deduction badges. An article cites questions such as “How much did you receive from pensions and annuities?” and “How much did you receive in unemployment compensation?”

I must confess, I thought that was really boring. I mean think of the questions that the standard Pokémon characters might ask:

Pokémon Trainer Style: “How many Poké-pension coins did you collect this season?”

Professor Oak Style: “Now then! Tell me, how much experience points did your retirement account earn?”

Team Rocket Style: “Prepare for trouble, make it double! To protect our tax returns from devastation! Now tell us — what’s your retirement compensation?”

Pokémon Center Nurse Joy Style: “Welcome! I hope your retirement portfolio is in good health! How much did it grow this year?”

Gym Leader Challenge Style: “Before you can pass, challenger, you must declare: What retirement experience did you gain to get here?”

There are various characters that may assist a player through the game, such as Deductoise and  Auditmandar, and players can use moves like “Audit Dodge,” “Tax Blast,” “W-2 Flamethrower,” and “Refund Rush.”2

But alas, tax pros are going to have some time to get their game on in preparation for these tax world games. With the IRS’s tabling of Direct File this year, it appears that PokéTax will not be playing this filing season.

Also note that in 2023, there was the dating-style game Tax Heaven 3000, where users went on a date with an avatar named Iris who asked questions to help complete a tax form. But that was only available for the 2022 tax filing year.  We will have to see what games are released next.

1 Zimmerman, Will, “Gen Z CEO has turned filing taxes into a fully playable Pokemon quest” (April 10, 2025) New York Post
2 Santabarbara, Sebastian “Accounting Firm Releases ‘Poketax’ Game to Make Filing Your Tax Return Fun (April 2, 2025) Retrododo

Tribune: Who says crime doesn’t pay?

Sometimes criminals seem to get off way too easy. Take Mr. Christopher J. Smyth of Pineville, West Virgina. Mr. Smyth owned Stat EMS, an emergency medical service (EMS) business (aka an ambulance business). Mr. Smythe racked up over $4.6 million in trust fund penalties for pilfering income taxes withheld from his employees for over a decade.

And this wasn’t the first time! Mr. Smyth created Stat EMS after his previous EMS business went bankrupt for, you guessed it, unpaid employment tax liabilities.

This time around, Mr. Smyth received three years of prison time for corruption and forcible interference with administration of internal revenue laws and a super-duper cumbersome repayment plan:

  • $25 to be paid per quarter during his three-year incarceration period; then
  • Monthly payments of not less than 15% of his monthly gross earnings with a minimum of $100 per month.

Now, when Mr. Smyth was interviewed by an IRS revenue officer, he stated that he had no personal bank accounts and denied that he used anyone else’s. In reality, he made regular deposits into a relative’s bank account and tried denying that he had any involvement in a series of other businesses, despite having signature authority over their bank accounts.

Something tells me that Mr. Smyth is experienced at hiding his income and assets (at least on paper), so the chances of the federal government collecting more than the minimum $100 per month from him once his incarceration ends seems like a stretch. At that rate, in his lifetime, he’ll never repay even a couple of months’ worth of interest on $4.6 million.

I, for one, am not that kind. Mr. Smyth is the type of person who makes you want to bring back good old fashioned medieval English punishments. Maybe I’m mean and cruel, but that’s okay with me. Mark me down as one year older and one year more curmudgeonly.

Tribune: On Luxembourg

I recently bought a volume of the works of Edgar Allan Poe during lunch, and I admit I wasted over an hour of work time that I should have spent reading OTA appeals, or pulling together podcast content, or writing articles to instead read favorites like “The Tell-Tale Heart” and, of course, “The Raven.”

But some good did come of it because I thought AI might do a good job of creating a spoof poem of “The Raven.” The results were pretty good, but you know the rule — don’t just rely on what AI pumps out — so I also tweaked it. I’m sure I committed various tense shifts, approximate rhymes, and scansion that leaves a lot to be desired, among other crimes of poetry. Hopefully, I won’t have to eat crow.

“The Haven”

Once upon a midnight dreary, while I pondered, weak and weary,
Over many a quaint and curious volume of offshore lore—
While I nodded, nearly napping, suddenly there came a tapping,
As of someone gently rapping, rapping at my chamber door.
“‘Tis some auditor,” I muttered, “tapping at my chamber door—
Only this and nothing more.”

Ah, distinctly I remember, it was in the bleak December;
And each asset in my portfolio wrought its ghost upon the floor.
Eagerly I wished the morrow; vainly I had sought to borrow
Respite from my wealth-born sorrow—sorrow for my dwindling store—
For the rare and radiant fortune that the angels name “secure”—
Taxed here forevermore.

Then a whisper, softly creeping, as if some dark secret keeping,
Spoke of islands far and distant, spoke of shores with golden store.
“Take thy wealth across the water, hide it there from those who bother,
Let no tax man ever gather what is rightfully your lore.
In these havens, safe and hidden, you shall prosper evermore—
Shall be poor, ah, nevermore!”

Now my coffers, ever growing, with the wealth forever flowing
To accounts where none may follow, to that far and distant shore.
And my assets from out that shadow that lies floating on the floor
Shall be taxed here—nevermore!

Podcast: Understand who is and who isn’t eligible for the new overtime deduction

This week we’re covering which workers are and are not eligible for the new overtime deduction.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-27-26.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-understand-who-is-and-who-isnt-eligible-for-the-new-overtime-deduction

Podcast: California treatment of Trump accounts and contributions

This week we’re covering California’s treatment of Trump accounts and contributions.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_01-25-26.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-california-treatment-of-trump-accounts-and-contributions

Podcast: Claiming tips and overtime deductions on 2025 returns

This week, we’re covering transition relief and guidance for claiming tips and overtime deductions on 2025 tax returns.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-20-26.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-claiming-tips-and-overtime-deductions-on-2025-returns

Podcast: Tips for filing LLC returns

This week we’re covering LLC filings, and the answers to questions we get frequently from tax practitioners.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_01-18-26.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-tips-for-filing-llc-returns

Podcast: Why it’s even more important to file and pay online

This week we’re covering a change at the U.S. Postal Service that affects postmarks and makes filing and paying electronically even more important.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-13-26.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-why-its-even-more-important-to-file-and-pay-online

Podcast: Options for entities that never formally dissolved

This week we’re talking about entities that ceased doing business but never dissolved, and what their options are.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_01-11-26.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-options-for-entities-that-never-formally-dissolved/

Podcast: Tax ramifications of reclassifying cannabis as Schedule III drug

This week we’re talking about the tax effects of reclassifying marijuana to a Schedule III drug.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-06-26.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tax-ramifications-of-reclassifying-cannabis-as-schedule-iii-drug

Podcast: California nonconformity to business meals deductibility

This week we’re covering California nonconformity to the federal rules for business meals and entertainment.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_01-04-26.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/california-nonconformity-to-business-meals-deductibility/

Podcast: Trump account FAQs

This week we’re covering a list of FAQs that we have received from tax professionals regarding Trump accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-30-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-trump-account-faqs/

Podcast: How to become a California nonresident

This week we’re covering tips for truly becoming a nonresident, as well as things not to do when trying to change residency.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_12-28-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-how-to-become-a-california-nonresident-12-28-25/

Podcast: Understanding the annual and lifetime gift tax limits

This week we’re covering categories of gifting that don’t apply to the annual and lifetime gift tax exclusions.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-23-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-understanding-the-annual-and-lifetime-gift-tax-limits

Podcast: Do California’s economic nexus thresholds mean anything?

This week we’re covering the purpose of the economic nexus thresholds when taxpayers who fall below the thresholds are still being determined to be doing business in California.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_12-21-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-do-californias-economic-nexus-thresholds-mean-anything

Podcast: New forms on the block: IRS form changes and releases

This week we’re covering some of the new and updated forms for 2025 and 2026 following the enactment of the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-16-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-forms-on-the-block-irs-form-changes-and-releases

Podcast: CalSavers: Household employers, employee owners, and more

This week we’re covering the top 10 things to know about filing Form 540 for 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_12-14-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-calsavers-household-employers-employee-owners-and-more

Podcast: IRS issues guidance on Trump Accounts

This week, we’re covering new guidance released on setting up and administering new Trump accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-09-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-irs-issues-guidance-on-trump-accounts

Podcast: Top 10 “must know” tips for filing 2025 Form 540

This week we’re covering the top 10 things to know about filing Form 540 for 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_12-07-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-top-10-must-know-tips-for-filing-2025-form-540

Podcast: Year-end considerations for HSAs and FSAs

This week we’re covering things to consider regarding HSAs and FSAs before the end of the year.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-01-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-year-end-considerations-for-hsas-and-fsas-2/

Podcast: Remember California no longer requires entities to dissolve by December 31

This week we’re talking about tax planning for dissolutions that happen at the end of the year.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_11-30-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-remember-california-no-longer-requires-entities-to-dissolve-by-december-31

Podcast: The benefits of employee emergency savings accounts

This week we’re covering employee emergency savings accounts and how these accounts operate.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-25-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-the-benefits-of-employee-emergency-savings-accounts

Podcast: Year-end tax planning strategies

This week we’re covering important end-of-year tax-saving opportunities that your clients won’t want to miss out on.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_11-23-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-year-end-tax-planning-strategies

Podcast: New and updated Form 1099-K FAQs

This week, we’re covering new and updated Form 1099-K FAQs that the IRS recently released.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-18-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-and-updated-form-1099-k-faqs/

Podcast: California conformity, or lack thereof, just got a lot more complicated

This week we’re looking at various provisions that California now does or does not conform to following the passage of SB 711.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_11-16-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-california-conformity-or-lack-thereof-just-got-a-lot-more-complicated/

Podcast: Draft Forms 1099-NEC, 1099-MISC, and 1099-K and transition relief

This week we’re covering draft 1099 forms with new lines for certain OBBBA deductions, and transition relief for reporting tip and overtime compensation for 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-11-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/draft-forms-1099-nec-1099-misc-and-1099-k-and-transition-relief/

Podcast: Reduce tax caused by California’s SDI wage base elimination

This week we’re covering ways to reduce tax caused by the elimination of California’s SDI wage base.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_11-09-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: https://spidell.com/research/california-taxletter/podcast-transcripts/podcast-reduce-tax-caused-by-californias-sdi-wage-base-elimination/

Podcast: California now conforms to TCJA alimony rules

This week we’re covering California’s recent conformity to TCJA alimony provisions, and which taxpayers are affected.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_11-02-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/popcast-california-now-conforms-to-tcja-alimony-rules

Podcast: Trump accounts and their alternatives: which is best?

This week we’re comparing Trump accounts to some alternative investment accounts for children under the age of 18.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-04-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-trump-accounts-and-their-alternatives-which-is-best

Podcast: New form and transition guidance for car loan interest deduction

This week we’re covering new IRS Form 1098-VLI for the claiming car loan interest deduction and transition guidance for the car loan interest reporting requirements.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-28-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-form-and-transition-guidance-for-car-loan-interest-deduction

Podcast: Understand California’s new retirement contribution deduction conformity

This week we’re covering new California conformity to retirement contribution deductions, following the passage of California’s conformity bill SB 711.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_10-26-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-understand-californias-new-retirement-contribution-deduction-conformity/

Podcast: Updates to the 2025 Form 1040

This week we’re covering updates that have been made to the 2025 Form 1040.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-21-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-updates-to-the-2025-form-1040/

Podcast: New California CPA and CTEC licensing and registration requirements

This week we’re covering some changes to the California requirements to obtain a new CPA license and new exemptions from CTEC registration.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_10-19-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-new-california-cpa-and-ctec-licensing-and-registration-requirements/

Podcast: Prepare now for Form 1099-DA

This week we’re covering Form 1099-DA reporting requirements.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-14-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-prepare-now-for-form-1099-da

Podcast: Medi-Cal asset test reinstated starting in 2026

This week, we’re covering the Medi-Cal asset test, which was phased out in 2024 but will be reinstated starting in 2026.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_10-12-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-medi-cal-asset-test-reinstated-starting-in-2026

Podcast: Reduced PTIN fee and new sign-in process

This week we’re covering the recently reduced PTIN fee and the new process for signing in to the PTIN system.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-07-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-reduced-ptin-fee-and-new-sign-in-process

Podcast: October 15 filing and payment postponement traps to watch out for

This week we’re covering filing tips for taxpayers whose wildfire postponed filing deadline is approaching on October 15.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_10-05-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-october-15-filing-and-payment-postponement-traps-to-watch-out-for/

IRS reduces PTIN fee again

The IRS has released regulations that reduce the user fee from $11 to $10, plus $8.75 payable directly to a third-party contractor that’s paid as a processing fee, for a total fee of $18.75. (IR-2025-95; TD 10035) The reduction is the result of a 2025 biennial review the IRS Return Preparer Office conducted of the PTIN user fee. The $10 user fee will be effective for the start of the next PTIN renewal cycle beginning on October 16, 2025.  In 2023, the IRS released regulations that reduced the user fees paid by tax preparers to obtain a PTIN to $11 (plus $8.75 for a third-party contractor). (TD 9980) In 2022, the fee to obtain or renew a PTIN was $30.75. The IRS devised a new cost model for calculating the PTIN fee following the decision in Steele v. United States ((September 25, 2023) U.S. District Court, District of Columbia, Case No. 1:14-cv-1523-RCL), which determined that the PTIN fee the IRS was charging preparers was too high. 

Podcast: Requesting a PLR following a fraudulent transfer from a retirement account

This week, we’re covering using a private letter ruling to waive the 60-day rollover requirement for fraudulent transfers from a retirement account.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-30-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: https://spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-requesting-a-plr-following-a-fraudulent-transfer-from-a-retirement-account/

Podcast: California changes rules for how service professionals, including tax professionals, are taxed

This week, we’re covering changes to how certain multistate service providers, including tax professionals, apportion income to California.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_09-28-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-california-changes-rules-for-how-service-professionals-including-tax-professionals-are-taxed/

Podcast: Draft 2026 tax year Forms W-2 and W-4 released

This week we’re covering some 2026 draft forms the IRS released, specifically the draft W-2, Schedule 1-A, and W-4.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-23-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-draft-2026-tax-year-forms-w-2-and-w-4-released

Podcast: California’s wildfire settlement exclusion expanded

This week we’re covering an expanded income exclusion for certain taxpayers who received settlements to cover wildfire-related expenses.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_09-21-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-californias-wildfire-settlement-exclusion-expanded

CDTFA cannabis vendor compensation program ending

The CDTFA’s cannabis vendor compensation program, which went into effect starting January 1, 2023, will end as planned on December 31, 2025. (CDTFA Special Notice L-998 (September 18, 2025)) No current legislation has extended approval for any cannabis retailer to retain vendor compensation beyond that date. 

Under the program, cannabis retailers that have been approved by the Department of Cannabis Control for an equity fee waiver can apply with the CDTFA for vendor compensation. (R&TC §34011.1) Under the vendor compensation program, eligible cannabis retailers may retain 20% of the cannabis excise tax due on their retail sales of cannabis or cannabis products. 

Eligible cannabis retailers that intend to apply to retain vendor compensation must submit an application to the CDTFA by September 30, 2025. The last period the CDTFA can approve to retain vendor compensation begins October 1, 2025. Retailers can submit applications or renewals via the CDTFA’s Online Services account by selecting their cannabis excise tax account. 

If the CDTFA already approved a retailer to retain vendor compensation through December 31, 2025, the retailer may retain vendor compensation from the cannabis excise taxes reported on their December 2025 monthly return or on the fourth quarter 2025 return. These retailers do not need to take any further action.

Podcast: OBBBA winners and losers

This week we’re covering which taxpayers are winners and which are losers under the provisions of the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-16-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-obbba-winners-and-losers/

Podcast: When does community property end?

This week we’re covering when community ends for the purposes of community property laws.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_09-14-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-when-does-community-property-end

Podcast: IRS continues to expand individual tax accounts online

This week we’re covering further expansion of the IRS’s online individual tax accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-09-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-irs-continues-to-expand-individual-tax-accounts-online

Podcast: Pros and cons of filing married filing separate

This week we’re covering the pros and cons of filing as married filing separate.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_09-07-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-pros-and-cons-of-filing-married-filing-separate

Podcast: OBBBA expansion of IRC §529 qualified higher education expenses

This week, we’re covering the expansion of IRC §529 qualified higher education expenses under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-02-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-obbba-expansion-of-irc-529-qualified-higher-education-expenses/

Podcast: What to do in an FTB residency audit

This week we’re covering what to do in an FTB residency audit.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_08-31-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-what-to-do-in-an-ftb-residency-audit

Podcast: The basics of new Trump accounts

This week, we’re covering the new Trump accounts that were established under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-26-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/the-basics-of-new-trump-accounts

Podcast: Entity identification numbers and classification changes

This week we’re covering entity identification numbers and classification changes.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_08-24-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-entity-identification-numbers-and-classification-changes/

Podcast: Enhanced family credits under OBBBA

This week we’re covering three of the enhanced credits under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-19-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-enhanced-family-credits-under-obbba

Podcast: Messy divorces: What to do when an estranged spouse won’t provide the required tax information

This week we’re covering what to do when an estranged spouse won’t provide the required tax information.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_08-17-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-messy-divorces-what-to-do-when-an-estranged-spouse-wont-provide-the-required-tax-information

Podcast: New personal exemption for seniors under OBBBA

This week we’re covering the new personal exemption for seniors under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-12-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-personal-exemption-for-seniors-under-obbba

Podcast: Recently enacted property tax law changes

This week we’re covering some recently enacted property tax law changes.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_08-10-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-recently-enacted-property-tax-law-changes

Podcast: OBBBA changes to the SALT deduction limitation

This week we’re covering changes made to the state and local tax deduction limitation under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-05-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-obbba-changes-to-the-salt-deduction-limitation/

Podcast: Real estate withholding and trusts

This week we’re covering how to avoid real estate withholding errors related to sales by trusts.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_08-03-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-real-estate-withholding-and-trusts-8-03-25

Podcast: Depreciation provisions under OBBBA

This week, we’re covering four important depreciation provisions contained in the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-29-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-depreciation-provisions-under-obbba

Podcast: California nonconformity to OBBBA

This week we’re covering California nonconformity to the provisions of the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_07-27-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-california-nonconformity-to-obbba

Podcast: OBBBA changes to the charitable contribution deduction

This week we’re covering changes to charitable contribution deductions made by the OBBBA.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-22-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-obbba-changes-to-the-charitable-contribution-deduction

Podcast: CalKIDS college savings program

This week, we’re covering the basics of the CalKIDS savings program because schools will begin notifying families about the accounts starting with this school year.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_07-20-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: https://spidell.com/research/california-taxletter/podcast-transcripts/podcast-calkids-college-savings-program

Podcast: OBBBA changes to energy credits and incentives

This week we’re covering the changes to various energy credits and incentives under the OBBBA.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-15-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-obbba-changes-to-energy-credits-and-incentives

Podcast: Big changes coming to California’s passthrough entity tax

This week we’re covering changes to California’s passthrough entity elective tax, following the passage of SB 132.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_07-13-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-big-changes-coming-to-californias-passthrough-entity-tax

Podcast: Tips for lowering Medicare premium adjustments

This week we’re covering Medicare’s income-related monthly adjustment amount, and what taxpayers can do to lower this monthly surcharge.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-08-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tips-for-lowering-medicare-premium-adjustments

Podcast: Reporting income after a change of residency

This week we’re covering reporting income after a taxpayer leaves California.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_07-06-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-reporting-income-after-a-change-of-residency

Podcast: Tax ramifications of recovering stolen cryptocurrency

This week we’re covering the tax ramifications of claiming a theft loss deduction for stolen cryptocurrency.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-01-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tax-ramifications-of-recovering-stolen-cryptocurrency/

Podcast: CalSavers reminder for businesses with at least one California employee

This week, we’re covering the CalSavers registration requirement for businesses with at least one California employee.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_06-29-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-calsavers-reminder-for-businesses-with-at-least-one-california-employee/

Podcast: Expanded business tax account

This week we’re covering the latest expansion of the IRS’s Business Tax Account online self service tool for business taxpayers.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-24-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-expanded-business-tax-account

Podcast: Workers classified as California employees and federal independent contractors

This week we’re covering reporting issues for workers who are classified as California employees and federal independent contractors.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_06-22-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-workers-classified-as-california-employees-and-federal-independent-contractors/

Podcast: Taxpayers electing to split gifts need to attach statement

This week, we’re covering the new process for making a gift splitting election on Form 709.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-17-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-taxpayers-electing-to-split-gifts-need-to-attach-statement

Podcast: FTB sending 2024 LLC fee late-payment notices

This week we’re covering late-payment notices that the FTB is sending for the 2024 tax year.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_06-15-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-ftb-sending-2024-llc-fee-late-payment-notices

Podcast: Tips, overtime, and auto interest provisions in OBBBA

This week, we’re covering the tips, overtime, and auto interest provisions in the tax bill that’s working its way through Congress.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-10-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tips-overtime-and-auto-interest-provisions-in-obbba

Podcast: Changing an LLC’s tax classification: understand the tax and filing requirements

This week, we’re discussing the tax and filing requirements of changing an LLC’s tax classification.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_06-08-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-changing-an-llcs-tax-classification-understand-the-tax-and-filing-requirements

Podcast: The pros and cons of using AI tools in tax practice

This week, we’re covering the pros and cons of using AI tools in your tax practice.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-03-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-the-pros-and-cons-of-using-ai-tools-in-tax-practice

Podcast: Proposed tax changes in the Governor’s budget revision

This week, we’re covering the tax changes in the Governor’s proposed budget revision.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_06-01-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-proposed-tax-changes-in-the-governors-budget-revision

Podcast: SALT cap expansion may be a mixed bag for passthrough entity owners

This week we’re covering proposed changes that the pending tax bill would make to the state and local tax deduction limit.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-27-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-salt-cap-expansion-may-be-a-mixed-bag-for-passthrough-entity-owners

Podcast: How to treat insurance payments received after a disaster

This week we’re covering how to treat insurance payments and other reimbursements received after a disaster.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_05-25-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-how-to-treat-insurance-payments-received-after-a-disaster

Podcast: House Ways and Means Committee releases draft tax legislation

This week, we’re covering some of the key provisions in the draft tax legislation that was released on May 12.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-20-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-house-ways-and-means-committee-releases-draft-tax-legislation

Podcast: How to help clients who never formally dissolved entities

This week we’re covering how to help clients who never formally dissolved entities.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_05-18-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-how-to-help-clients-who-never-formally-dissolved-entities

Podcast: Solving Form 1099-K matching problems

This week, we’re covering Form 1099-K matching problems and how to solve them.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-13-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-solving-form-1099-k-matching-problems

Podcast: Are ERC adjustments required on the California return?

This week we’re covering whether Employee Retention Credit adjustments are required on the California return.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_05-11-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-are-erc-adjustments-required-on-the-california-return

Podcast: Expanded features of the IRS’s individual tax account tool

This week, we’re covering expanded features of the IRS’s Individual Online Account tool.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-06-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-expanded-individual-tax-account

Podcast: When can the FTB intercept a tax refund?

This week, we’re covering when the FTB can intercept a taxpayer’s refund.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_05-04-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-when-can-the-ftb-intercept-a-tax-refund

Podcast: Recent Social Security updates

This week we’re covering some recent updates regarding Social Security benefits.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-29-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-recent-social-security-updates

Podcast: Passthrough entity tax prepayment deadline approaching

This week we’re covering some considerations for making the passthrough entity tax prepayment, due on June 16.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/SCM_04-27-25.mp3

Subscribers to Spidell’s California Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/california-taxletter/podcast-transcripts/podcast-passthrough-entity-tax-prepayment-deadline-approaching/

Podcast: Tax legislation aims to improve IRS services

This week we’re covering tax legislation focused on improving IRS services.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-22-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tax-legislation-aims-to-improve-irs-services