2025 US Individual and Business Tax Law Changes: What to Expect with Russell Sullivan

The Essential Tax Podcast with Mishkin Santa, Episode 21 In this episode of The Essential Tax Podcast, Mishkin Santa features Russell Sullivan, a tax expert, attorney, and shareholder at Brownstein Hyatt Farber Schreck. He is also Chair of Brownstein’s National Tax Policy Group. Tune in for these key takeaways: * The upcoming changes in U.S. tax law, including the potential impacts of the TCJA provisions and expected alterations under the new administration * The complexities of the reconciliation process, the potential extension or modification of significant tax provisions such as the state and local tax (SALT) cap, and the Qualified Business Income Deduction (199A) * The potential for new tax proposals from President Trump, including tariffs on imported goods as a way to offset the cost of tax cuts and unique provisions aimed at supporting working Americans and domestic manufacturing * Insights on international tax issues, emphasizing the challenges and considerations around ending double taxation and changes to FATCA for Americans abroad Learn more about Russ Sullivan:  * Read Russell’s profile on Brownstein’s National Tax Policy Group’s website:  https://www.bhfs.com/people/attorneys/p-s/russell-sullivan  * Connect with Russell on LinkedIn: https://www.linkedin.com/in/russ-sullivan *********************************** About The Essential Tax Podcast: In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax — all the jargon, acronyms, and stuff that make your eyes glaze over, and explains it in an impactful way to understand the complex and unknown areas. Watch or listen to more episodes of The Essential Tax Podcast:  * https://www.youtube.com/@TheWolfGroupPC  * Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944  * Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf Connect and learn more from your host, Mishkin Santa:  * Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta  * Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc  * Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa