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Navigating the IRS: Insights from Former Acting Chief of Staff Tom Cullinan

Middle Market Dojo
159 subscribers
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46 views 1 year ago #TaxCompliance #TaxPlanning #IRSEnforcement
In this revealing episode of the Middle Market Dojo Podcast, we sit down with Tom Cullinan, former acting Chief of Staff to the IRS, to dive deep into the complexities and inner workings of the IRS, current enforcement priorities, and the practical implications for taxpayers and tax professionals. With a career spanning both sides of tax representation, Tom shares invaluable insights, stories, and advice derived from his unique journey and experiences at the IRS. Whether you're a business owner, an executive, or a tax professional navigating the middle market space, this episode is packed with essential knowledge, strategies, and tips to help you understand IRS operations, stay compliant, and effectively manage your tax-related matters. 00:00:02 - Introduction to Tom Cullinan and Episode Overview 00:01:14 - Tom Cullinan's Background and Journey to the IRS 00:10:21 - Legislative Changes and IRS Enforcement Focus 00:18:19 - The Employee Retention …...more
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Navigating the IRS: Insights from Former Acting Chief of Staff Tom Cullinan
In this revealing episode of the Middle Market Dojo Podcast, we sit down with Tom Cullinan, former acting Chief of Staff to the IRS, to dive deep into the complexities and inner workings of the IRS, current enforcement priorities, and the practical implications for taxpayers and tax professionals. With a career spanning both sides of tax representation, Tom shares invaluable insights, stories, and advice derived from his unique journey and experiences at the IRS. Whether you're a business owner, an executive, or a tax professional navigating the middle market space, this episode is packed with essential knowledge, strategies, and tips to help you understand IRS operations, stay compliant, and effectively manage your tax-related matters. 00:00:02 - Introduction to Tom Cullinan and Episode Overview 00:01:14 - Tom Cullinan's Background and Journey to the IRS 00:10:21 - Legislative Changes and IRS Enforcement Focus 00:18:19 - The Employee Retention Credit (ERC) Explained 00:30:56 - Understanding the IRS Audit Process 00:38:25 - Practical Advice for Tax Professionals and Taxpayers 00:41:54 - The Impact of Political Changes on IRS Policy 00:46:35 - Final Thoughts and Guidance from Tom Cullinan 📝 What You'll Learn: The operational challenges and strategic shifts within the IRS. Key enforcement areas and how legislative changes affect IRS priorities. Insights into the Employee Retention Credit (ERC) and handling of fraudulent claims. Effective strategies for dealing with IRS audits and controversies. Practical advice for taxpayers and tax professionals for staying compliant and playing nice with the IRS. The influence of political changes on IRS policy and direction. 📚 For more insightful discussions on legal and financial matters in the lower middle market space, subscribe to our channel and hit the bell icon to stay updated on the latest episodes of the Middle Market Dojo Podcast. 🔗 Useful Links: Podcast Website: www.middlemarketdojo.com Tom's Website: www.chamberlainlaw.com/people-tom_cullinan.html #IRSEnforcement #TaxControversy #MiddleMarketDojo #TomCullinan #IRSInsights #TaxPlanning #AuditStrategies #EmployeeRetentionCredit #TaxCompliance

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Middle Market Dojo

159 subscribers
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