September 2024 Tax Hot Topics – Australia, Brazil, FBAR Litigation, and Shakira!

The Essential Tax Podcast with Mishkin Santa, Episode 17 In this episode of The Essential Tax Podcast, Mishkin Santa talks about tax updates re: digital assets, FBAR litigation, some IRS news, a brand new 2025 US Social Security agreement, state tax updates from California, Maryland, Massachusetts, New York, plus international tax updates re: Brazil, Australia, Romania & France! Tune to to hear about:  * Notable tax updates from various countries including Australia, Brazil, France, Spain, and Switzerland  * Australia's new treasury law amendment affecting withholding tax on real property   * Brazil's inheritance tax reform and new amnesty program  * France's proposed windfall profit tax to address a $20 billion deficit  * Updates on digital assets, IRS news, and FBAR litigation  * State-specific tax updates for California, D.C., Maryland, Massachusetts, and New York  * The U.S.-Romania social security agreement expected in 2025 Listen to a recent episode of The Essential Tax Podcast with guest Delphine Parigi (US-France) for related information: https://podcasts.apple.com/us/podcast/2024-us-france-cross-border-tax-planning-update-with/id1754660944?i=1000675682853 Further resources:  * US-Romania Totalization Agreement: https://www.whitehouse.gov/briefing-room/presidential-actions/2024/09/12/letter-to-the-speaker-of-the-house-and-president-of-the-senate-on-the-social-security-totalization-agreement-with-romania  * Mirabaud Fine: https://www.finma.ch/en/news/2024/09/20240917-mm-mirabaud  * El Mundo Letter (Shakira): https://www.elmundo.es/papel/firmas/2024/09/03/66d6fcc821efa0e74a8b459d.html  * New York S. 9907 Deduction for Cash Tips: https://www.nysenate.gov/legislation/bills/2023/S9907  * New York Appeals Case, In the Matter of Bryant: https://www.dta.ny.gov/pdf/determinations/830818.det.pdf  * 2024 State of Massachusetts Amnesty Program: https://www.mass.gov/info-details/massachusetts-tax-amnesty-2024  * Kenneth E. Cosgrove v. Comptroller of Maryland: https://www.courts.state.md.us/data/opinions/cosa/2024/1030s23.pdf  * IRS Appeals Group Mailbox: https://www.irs.gov/newsroom/independent-office-of-appeals-secure-messaging-program-office-launches-corporate-group-mailbox-pilot-for-large-business-taxpayers-with-multiple-representatives  * GAO Report on IRS Data Warehouse Security: https://www.gao.gov/products/gao-23-105395  * GAO Report on IRS Modernization Efforts:  https://www.gao.gov/products/gao-24-106566  * GAO Report on IRS Information Returns: https://www.gao.gov/products/gao-24-107028  * Fowler v. Comm'r, 155 T.C. No. 7 (U.S.T.C. Sep. 9, 2020): https://casetext.com/case/fowler-v-commr-14  * IRS Crowdfunding Fact Sheet: https://www.irs.gov/newsroom/irs-reminds-taxpayers-of-important-tax-guidelines-involving-contributions-and-distributions-from-online-crowdfunding  * IRS Announcement of High Income, High Net Worth Audits: https://www.irs.gov/newsroom/us-department-of-the-treasury-irs-announce-1-point-3-billion-recovered-from-high-income-high-wealth-individuals-under-inflation-reduction-act-initiatives  * BFM TV Interview with Bank of France Governor: https://www.bfmtv.com/replay-emissions/l-interview/face-a-face-francois-villeroy-de-galhau-18-09_VN-202409180307.html *********************************** 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