Best Recordkeeping Podcasts (2025)

1
Tax-Free Employee Benefits Part 2: Company Vehicles, Cell Phones, and Office Snacks" 1:00:55

Play Pause

3d ago1:00:55

1:00:55

Jeremy continues his series on IRC Section 132 fringe benefits, focusing on working condition fringes and de minimis benefits—two categories that help employees be more productive or boost workplace morale. From company vehicle mileage tracking and employer-provided cell phones to why office snacks are excludable but gift cards never are, this epis…

1
Tax-Free Employee Benefits Part 1: No-Cost Services and Employee Discounts 55:12

17d ago55:12

55:12

Section 132 allows employers to provide certain fringe benefits tax-free, but only if they follow specific rules. Jeremy breaks down no additional cost services, like airline employees flying on empty seats, and qualified employee discounts, explaining the 20% cap on services and the gross profit limitation on products. He covers the critical "line…

1
The Hobby Loss Rule: How to Defend Your Business Against the IRS 1:01:58

1M ago1:01:58

1:01:58

Jeremy explores the hobby loss rule through the landmark case of artist Susan Crile, who successfully defended her art business against IRS claims despite reporting losses in nearly all of 25 years. The episode breaks down the nine-factor test used to determine whether an activity has a genuine profit motive, examining how professional conduct, rec…

1
Breaking Up with Your S-Corp Part 2 58:22

1M ago58:22

58:22

Jeremy wraps up his two-part series on S corporation terminations by diving into what happens after an election ends, whether intentional or inadvertent. He explains the IRS's relief procedures for common mistakes like violating the one-class-of-stock rule, the crucial five-year waiting period before re-electing, and why a terminated S corp doesn't…

1
Breaking Up with Your S-Corp 54:45

2M ago54:45

54:45

Jeremy breaks down the three ways an S-corporation election can terminate: voluntary revocation (including the lesser-known withdrawal option from the IRM), ceasing to qualify as a small business corporation, and excessive passive investment income. He walks through the specific mechanics of each termination method, from shareholder consent require…

1
The Legal Case for Better Books: Why Recordkeeping Isn't Optional 1:04:06

2M ago1:04:06

1:04:06

Jeremy dives into the often-overlooked legal requirements for taxpayer recordkeeping under IRC Section 6001, explaining why accurate books aren't just nice to have: they're mandatory. He breaks down the Cohan rule (and why it's widely misunderstood), explores how good recordkeeping can shift the burden of proof to the IRS under Section 7491, and of…

1
The Aftermath: Tax Rules for Replacing Involuntarily Converted Property 56:40

3M ago56:40

56:40

Jeremy concludes his three-part series on losses by examining IRC Section 1033, the tax code's provision for what happens after you replace property lost to casualty, theft, or government condemnation. When clients receive insurance payouts or condemnation proceeds, they face a critical decision: recognize the gain immediately or defer it by purcha…

1
From Discovery to Deduction: Modern Theft Loss Rules Explained 1:04:28

3M ago1:04:28

1:04:28

Jeremy explores the complex world of theft loss deductions, examining how digital asset scams have renewed interest in these tax provisions under the Tax Cuts and Jobs Act. The episode breaks down the three key criteria for claiming theft losses, explains why timing of discovery matters more than when the theft occurred, and analyzes five modern sc…

1
When Disaster Strikes: Navigating Casualty Loss Deductions 1:00:58

4M ago1:00:58

1:00:58

Natural disasters, accidents, and sudden destructive events can create significant financial hardship, but the tax code provides some relief through casualty loss deductions. This episode breaks down the complex rules governing what qualifies as a deductible casualty loss, including the critical distinction between personal and business losses unde…

1
Section 121: The $500k Exclusion Explained 58:28

4M ago58:28

58:28

Jeremy breaks down the complex rules surrounding Section 121's capital gains exclusion for home sales, using the Weber v. Commissioner tax court case to illustrate how taxpayers can lose out on excluding up to $500,000 in gains. The episode covers the critical two-out-of-five year ownership and use tests, explains how rental conversions can disqual…

1
Repair vs. Improvement: When Can You Deduct It? 56:04

5M ago56:04

56:04

A rental property owner faces a $27,000 repair bill after a plumbing leak forces a complete bathroom renovation, water heater replacement, and structural repairs. Jeremy breaks down Treasury Decision 9636's framework for distinguishing between deductible repairs and capitalized improvements, using the three-part test of betterment, restoration, and…

1
The Knowledge Economy Tax Trap: When Education Costs Aren't Deductible 56:47

5M ago56:47

56:47

Jeremy breaks down the complex world of work-related education tax benefits, revealing why most educational expenses aren't as deductible as business owners think. He explains the stark difference between limited educational assistance programs that cap benefits at $5,250 annually and business expense deductions that often get rejected by the IRS f…

1
The Refund Statute of Limitations: When Time Runs Out 55:42

6M ago55:42

55:42

Understanding the refund statute of limitations can mean the difference between claiming a refund and losing that money forever. This episode breaks down the complex rules around when taxpayers can file refund claims and how much they can recover, using the recent Hamilton v. US case as a cautionary tale. Whether you're dealing with late-filed retu…

1
Joint vs Separate: Marriage Filing Fundamentals 1:02:28

6M ago1:02:28

1:02:28

Most tax professionals assume joint filing is the default for married couples, but the tax code actually says the opposite. Jeremy Wells explores the surprising reality that married filing separately is technically the default status, requiring both spouses to elect joint filing under IRC Section 6013. He breaks down the key disadvantages of separa…

1
The 1031 Exchange Basics 57:36

7M ago57:36

57:36

Jeremy Wells breaks down the fundamentals of Section 1031 exchanges, explaining how real estate investors can defer capital gains taxes by swapping properties rather than selling and buying separately. He clarifies common misconceptions about these transactions, walks through the strict timing requirements including the 45-day identification and 18…

1
S-Corporation Reality Check 57:15

7M ago57:15

57:15

Jeremy dives deep into the critical red flags that should make tax professionals pump the brakes on S-corporation elections. From balance sheet debt ratios that could trigger unexpected taxable events to operating agreement provisions that can inadvertently terminate S-elections, this episode challenges the "default to S-corp" mentality that's beco…

1
Cracking the R&D Tax Credit Code: Section 41 Explained 1:04:04

7M ago1:04:04

1:04:04

The R&D tax credit offers significant tax-saving potential, yet remains misunderstood by many small business owners and their advisors. Jeremy breaks down the key components of the Section 41 credit, explaining qualified research activities, eligible expenses, and calculation methods. Small service-based businesses might qualify more often than the…

1
Clean Energy Tax Credits: What Qualifies and What Doesn't 53:07

8M ago53:07

53:07

Solar installations create valuable tax benefits, but determining eligible expenses requires careful analysis. Jeremy Wells breaks down the Residential Clean Energy Credit under IRC Section 25D, explaining which costs qualify, how to handle roof modifications, and when the credit can be claimed. The episode provides essential guidance for tax profe…

1
Home Equity Investment (HEI) Contracts 17:15

9M ago17:15

17:15

In this podcast episode, partner Holly Bunting discusses the evolving regulatory landscape for home equity investment (HEI) contracts, which have gained popularity as an alternative to traditional home equity lines of credit amid rising interest rates. HEI contracts are typically structured as real estate option contracts, where providers make an u…

1
Home Equity Investment (HEI) Contracts 17:15

9M ago17:15

17:15

In this podcast episode, partner Holly Bunting discusses the evolving regulatory landscape for home equity investment (HEI) contracts, which have gained popularity as an alternative to traditional home equity lines of credit amid rising interest rates. HEI contracts are typically structured as real estate option contracts, where providers make an u…

1
What to Expect in Securitization in 2025 29:03

9M ago29:03

29:03

Please join Mayer Brown partners Frank Doorley, Patrick Healy, Janice Kong, and Tameem Zainulbhai for a discussion on What to Expect in 2025 in the fields of structured finance and securitization. They will examine some key challenges and opportunities this new year will bring to market participants, and discuss trending issues and topics affecting…

1
What to Expect in Securitization in 2025 29:03

9M ago29:03

29:03

Please join Mayer Brown partners Frank Doorley, Patrick Healy, Janice Kong, and Tameem Zainulbhai for a discussion on What to Expect in 2025 in the fields of structured finance and securitization. They will examine some key challenges and opportunities this new year will bring to market participants, and discuss trending issues and topics affecting…

1
What to Expect in Banking In 2025 27:21

11M ago27:21

27:21

Since President Donald Trump took office last month, his actions have marked a significant shift in federal policy, paving the way for the creation of a new regulatory framework impacting banks, financial services, and the digital assets sector. This sets the stage for what promises to be a busy year ahead. Join Mayer Brown partners Jeffrey Taft an…

1
What to Expect in Banking In 2025 27:21

11M ago27:21

27:21

Since President Donald Trump took office last month, his actions have marked a significant shift in federal policy, paving the way for the creation of a new regulatory framework impacting banks, financial services, and the digital assets sector. This sets the stage for what promises to be a busy year ahead. Join Mayer Brown partners Jeffrey Taft an…

1
FinCEN Confirms Suspension of Corporate Transparency Act 18:16

11M ago18:16

18:16

FinCEN has confirmed that, since December 7, 2024, reporting companies have not been, and will continue to not be, required to file beneficial ownership reports for as long as an injunction of the CTA remains in effect. Please join Mayer Brown partners Matt Bisanz and Gina Parlovecchio to understand what that means and how it may impact your organi…

1
FinCEN Confirms Suspension of Corporate Transparency Act 18:16

11M ago18:16

18:16

FinCEN has confirmed that, since December 7, 2024, reporting companies have not been, and will continue to not be, required to file beneficial ownership reports for as long as an injunction of the CTA remains in effect. Please join Mayer Brown partners Matt Bisanz and Gina Parlovecchio to understand what that means and how it may impact your organi…

1
FDIC's New Recordkeeping Proposal 21:04

1y ago21:04

21:04

Last month, the FDIC proposed rules related to FDIC pass-through insurance coverage. These rules could have a significant impact on bank-fintech partnerships, including some partnerships for programs that do not promise FDIC coverage to end customers. This webinar will analyze the proposed rules, and identify ways we think it could impact these par…

1
FDIC's New Recordkeeping Proposal 21:04

1y ago21:04

21:04

Last month, the FDIC proposed rules related to FDIC pass-through insurance coverage. These rules could have a significant impact on bank-fintech partnerships, including some partnerships for programs that do not promise FDIC coverage to end customers. This webinar will analyze the proposed rules, and identify ways we think it could impact these par…

1
Regulatory Redux: FDIC Proposes Brokered Deposit Revisions 19:32

1+ y ago19:32

19:32

On July 30, 2024, the FDIC proposed revisions to the restrictions on brokered deposits. The revisions would undo many of the key elements of the 2020 revisions, and would dramatically expand the number of deposit brokers and the amount of deposits that are brokered. Please join Mayer Brown partners Jeffrey Taft and Matt Bisanz to understand what th…

1
Regulatory Redux: FDIC Proposes Brokered Deposit Revisions 19:32

1+ y ago19:32

19:32

On July 30, 2024, the FDIC proposed revisions to the restrictions on brokered deposits. The revisions would undo many of the key elements of the 2020 revisions, and would dramatically expand the number of deposit brokers and the amount of deposits that are brokered. Please join Mayer Brown partners Jeffrey Taft and Matt Bisanz to understand what th…

1
Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules 34:59

1+ y ago34:59

34:59

Members of Mayer Brown's Financial Services team summarize the main takeaways of the CFPB's proposal to amend the Regulation X mortgage servicing rules. We focus on the proposal to amend the requirements for mortgage servicers to assist borrowers in default who seek payment assistance, the proposed amendments to foreclosure safeguards during that p…

1
Key Takeaways from the CFPB Proposal to Amend Regulation X Mortgage Servicing Rules 34:59

1+ y ago34:59

34:59

Members of Mayer Brown's Financial Services team summarize the main takeaways of the CFPB's proposal to amend the Regulation X mortgage servicing rules. We focus on the proposal to amend the requirements for mortgage servicers to assist borrowers in default who seek payment assistance, the proposed amendments to foreclosure safeguards during that p…

1
FinCEN Requires Reporting from Dissolved Companies 24:12

1+ y ago24:12

24:12

On July 8, 2024, the Financial Crimes Enforcement Network ("FinCEN") issued interpretive guidance that requires certain legal entities that have been dissolved or otherwise ceased to exist to file beneficial ownership information reports under the Corporate Transparency Act. Please join Mayer Brown partners Adam Kanter and Matt Bisanz to understand…

1
FinCEN Requires Reporting from Dissolved Companies 24:12

1+ y ago24:12

24:12

On July 8, 2024, the Financial Crimes Enforcement Network ("FinCEN") issued interpretive guidance that requires certain legal entities that have been dissolved or otherwise ceased to exist to file beneficial ownership information reports under the Corporate Transparency Act. Please join Mayer Brown partners Adam Kanter and Matt Bisanz to understand…

1
CFPB Finalizes Rule Significantly Restricting Credit Card Late Fees 21:03

1+ y ago21:03

21:03

On March 5, the Consumer Financial Protection Bureau issued a Final Rule that would significantly restrict late fees that consumer credit card issuers may charge to a mere $8—representing approximately a 75% reduction from current levels. Within two days, the Final Rule faced a challenge in the Northern District of Texas by a coalition of trade gro…

1
CFPB Finalizes Rule Significantly Restricting Credit Card Late Fees 21:03

1+ y ago21:03

21:03

On March 5, the Consumer Financial Protection Bureau issued a Final Rule that would significantly restrict late fees that consumer credit card issuers may charge to a mere $8—representing approximately a 75% reduction from current levels. Within two days, the Final Rule faced a challenge in the Northern District of Texas by a coalition of trade gro…

1
What You Need to Know About the CFPB's Campaign Against Junk Fees 20:52

2y ago20:52

20:52

The CFPB has launched an aggressive campaign against so-called "junk fees." This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting credit card late fees. Along the same lines, two of the three latest editions of the Bureau's Supervisory Highlights were marketed as special editions…

1
What You Need to Know About the CFPB's Campaign Against Junk Fees 20:52

2y ago20:52

20:52

The CFPB has launched an aggressive campaign against so-called "junk fees." This year the CFPB has released proposed rules targeting overdraft and non-sufficient funds fees and a final rule targeting credit card late fees. Along the same lines, two of the three latest editions of the Bureau's Supervisory Highlights were marketed as special editions…

1
What to Expect in Banking in 2024 32:19

2y ago32:19

32:19

The end of 2023 saw a barrage of major proposals and other actions by US banking regulators. Many of these are contentious issues that have divided regulators and generated significant public controversy. Final proposals of some could be coming in 2024, but only if they can avoid being crowded out by the federal elections in the fall. Please join M…

1
What to Expect in Banking in 2024 32:19

2y ago32:19

32:19

The end of 2023 saw a barrage of major proposals and other actions by US banking regulators. Many of these are contentious issues that have divided regulators and generated significant public controversy. Final proposals of some could be coming in 2024, but only if they can avoid being crowded out by the federal elections in the fall. Please join M…

1
Securitization – What to Expect in 2024 33:09

2y ago33:09

33:09

Please join Mayer Brown partners Tameem Zainulbhai, Joanna Nicholas, Melissa Kilcoyne, Evan DeCresce and Jim Antonopoulos for a discussion on What to Expect in 2024 in the fields of structured finance and securitization. They will examine some key challenges and opportunities this new year will bring to market participants, and discuss trending iss…

1
Securitization – What to Expect in 2024 33:09

2y ago33:09

33:09

Please join Mayer Brown partners Tameem Zainulbhai, Joanna Nicholas, Melissa Kilcoyne, Evan DeCresce and Jim Antonopoulos for a discussion on What to Expect in 2024 in the fields of structured finance and securitization. They will examine some key challenges and opportunities this new year will bring to market participants, and discuss trending iss…

1
SEC Adopts Conflict of Interest Rule for Asset-Backed Securities 31:39

2y ago31:39

31:39

The authors of our recent Legal Update provide an overview of the SEC's (Securities and Exchange Commission) recently adopted rule, which prohibits conflicts of interest in certain securitizations as required under the Dodd-Frank Act. Although not perfect, the final rule is a significant improvement over the proposal. However, all securitization pa…

1
SEC Adopts Conflict of Interest Rule for Asset-Backed Securities 31:39

2y ago31:39

31:39

The authors of our recent Legal Update provide an overview of the SEC's (Securities and Exchange Commission) recently adopted rule, which prohibits conflicts of interest in certain securitizations as required under the Dodd-Frank Act. Although not perfect, the final rule is a significant improvement over the proposal. However, all securitization pa…

1
Section 1033 Rulemaking: Redefining Access to Financial Data 30:13

2y ago30:13

30:13

The Consumer Financial Protection Bureau recently proposed an extensive framework of rules to ensure consumer access to certain information at their financial institutions. The rules would require financial institutions to make certain data relating to consumers' transactions and accounts available to consumers and authorized third parties, establi…

1
Section 1033 Rulemaking: Redefining Access to Financial Data 30:13

2y ago30:13

30:13

The Consumer Financial Protection Bureau recently proposed an extensive framework of rules to ensure consumer access to certain information at their financial institutions. The rules would require financial institutions to make certain data relating to consumers' transactions and accounts available to consumers and authorized third parties, establi…

1
Unresolved Issues with the Corporate Transparency Act 42:14

2y ago42:14

42:14

With less than 30 days until the Corporate Transparency Act's beneficial ownership reporting requirement takes effect, questions still abound. While only new entities will be subject to reporting requirements at first, thousands of those are formed every day who will need to understand—and apply—these new regulations with limited guidance. Please j…

1
Unresolved Issues with the Corporate Transparency Act 42:14

2y ago42:14

42:14

With less than 30 days until the Corporate Transparency Act's beneficial ownership reporting requirement takes effect, questions still abound. While only new entities will be subject to reporting requirements at first, thousands of those are formed every day who will need to understand—and apply—these new regulations with limited guidance. Please j…

1
Community Reinvestment Act Overhaul: Finalized Changes to CRA Regulations and How They May Affect Banks 31:55

2y ago31:55

31:55

The US federal banking regulators recently finalized major changes to their decades-old Community Reinvestment Act (CRA) regulations, which will have significant consequences for many US banks. Please join Mayer Brown lawyers Kerri Webb, Kris Kully, and Jeffrey Taft as they discuss: How the final regulations differ from the proposal What the final …

1
Community Reinvestment Act Overhaul: Finalized Changes to CRA Regulations and How They May Affect Banks 31:55

2y ago31:55

31:55

The US federal banking regulators recently finalized major changes to their decades-old Community Reinvestment Act (CRA) regulations, which will have significant consequences for many US banks. Please join Mayer Brown lawyers Kerri Webb, Kris Kully, and Jeffrey Taft as they discuss: How the final regulations differ from the proposal What the final …