FICPA Podcasts
Federal Tax Update: What Qualifies as Alimony

Federal Tax Update: What Qualifies as Alimony

May 23, 2022

https://vimeo.com/712660158

https://www.currentfederaltaxdevelopments.com/podcasts/2022/5/23/2022-05-23-what-qualifies-as-alimony

 

This week we look at:

  • Physician’s payments are found not to be deductible alimony under pre-TCJA divorce agreement
  • IRS announces option for employer leave-based donation programs related to aid for Ukraine
  • IRS extends, likely for the final time. option to remotely sign certain plan documents
Federal Tax Update: Was Return Given at IRS Request Really Never Filed

Federal Tax Update: Was Return Given at IRS Request Really Never Filed

May 16, 2022

https://vimeo.com/710134078

https://www.currentfederaltaxdevelopments.com/podcasts/2022/5/15/2022-05-15-was-return-given-at-irs-request-really-never-filed

 

This week we look at:

  • Forming new corporation didn’t break connection to prior material participation
  • Ninth Circuit find return was filed even though not send to location in the regulations
  • IRS destroyed 30 million paper returns
  • Taxpayer filed return too early
  • No duress in requesting extension of time to file
Federal Tax Update: S Corporation Dies Two Years After Shareholder Does

Federal Tax Update: S Corporation Dies Two Years After Shareholder Does

May 9, 2022

https://vimeo.com/707600421

https://www.currentfederaltaxdevelopments.com/podcasts/2022/5/8/2022-05-08-s-corporation-dies-two-years-after-shareholder-does

 

This week we look at:

  • First inflation adjusted numbers for 2023: Health Savings Accounts
  • Failure to properly execute estate plan by trustees force S corporation to get PLR to retain status
  • CCISO’s recommendation on grant of innocent spouse relief not binding on Chief Counsel’s office in Tax Court deficiency proceeding
Federal Tax Update: A Problem with Management Fees

Federal Tax Update: A Problem with Management Fees

May 2, 2022

https://vimeo.com/704968373

https://www.currentfederaltaxdevelopments.com/podcasts/2022/5/1/2022-05-02-a-problem-with-management-fees

 

This week we look at:

  • Special rules under IRC §104 for military disability and retirement income
  • Expenses claimed as management fees treated as distributions to owners
  • Proposed regulations to limit use of certain techniques for use of anti-clawback rules
  • It’s going to be a longer than expected wait to file K-2/K-3 for S corporations via MeF
Federal Tax Update: Taxing Times for Retired Airline Pilot

Federal Tax Update: Taxing Times for Retired Airline Pilot

April 25, 2022

https://vimeo.com/702388966

https://www.currentfederaltaxdevelopments.com/podcasts/2022/4/23/2022-04-25-taxing-times-for-retired-airline-pilot

 

This week we look at:

  • Tax rules for no-additional cost services
  • SCOTUS refuses to hear challenge to SALT cap
  • IRS finally grants election/accounting method relief for retroactive 2019 changes
  • Rules for a real estate professional
  • IRS expands on Schedules K-2 and K-3 FAQs on April 11
Federal Tax Update: Secure Act Second Version Passes House

Federal Tax Update: Secure Act Second Version Passes House

April 4, 2022

https://vimeo.com/695471864

https://www.currentfederaltaxdevelopments.com/podcasts/2022/4/3/2022-04-04-secure-act-second-version-passes-house

 

This week we look at:

  • IRS Suspends Mailing More Notices - This Time Related to Exempt Organizations
  • Tax Court Affirms IRS Denial of Interest Abatement
  • Securing a Strong Retirement Act Passes House Overwhelmingly
  • Above the Line Classroom Teacher’s Deductions Increases to $300 in 2022
Federal Tax Update: Crowdfunding Tax Fact Sheet

Federal Tax Update: Crowdfunding Tax Fact Sheet

March 28, 2022

https://vimeo.com/692900746

https://www.currentfederaltaxdevelopments.com/podcasts/2022/3/27/2022-03-28-crowdfunding-tax-fact-sheet

 

This week we look at:

  • IRS releases SIFL rates for first half of 2022
  • IRS discussion of taxation of crowdfunding in light of new Form 1099-K rules
  • Ninth Circuit affirms that legal settlement is taxable
  • No de minimis relief for issue with erroneous information returns
Federal Tax Update: Limits for Vehicle Depreciation for 2022

Federal Tax Update: Limits for Vehicle Depreciation for 2022

March 21, 2022

https://vimeo.com/690303898

https://www.currentfederaltaxdevelopments.com/podcasts/2022/3/20/2022-03-21-limits-for-vehicle-depreciation-for-2022

 

This week we look at:

  • IRS releases revised depreciation limits for 2022 for autos under IRC §280F
  • Lawmakers send yet another letter to the IRS regarding stopping the sending of notices
  • Farmer/fisherman estimated tax payment relief formalized in an IRS Notice
Federal Tax Update: Personal vs Business Expenses

Federal Tax Update: Personal vs Business Expenses

March 15, 2022

https://vimeo.com/687719025

https://www.currentfederaltaxdevelopments.com/podcasts/2022/3/13/2022-03-14-personal-vs-business-expenses

 

This week we look at:

  • Department of Labor warns §401(k) plan administrators regarding offer digital asset investment options
  • No deduction allowed to corporation for paying tuition for training program for boyfriend of 100% shareholders’ daughter
  • IRS announces program to deal with the backlog of returns and correspondence
FICPA CEO Conversations: Recapping Florida’s 2022 Legislative Session

FICPA CEO Conversations: Recapping Florida’s 2022 Legislative Session

March 15, 2022

In the latest edition of FICPA CEO Conversations, Shelly Weir sits down our Director of Governmental Affairs, Justin Thames, and the President of Liberty Partners of Tallahassee, Jennifer Green, to recap the 2022 Florida Legislative Session.

Justin and Jennifer have been hard at work these last 60 days, representing the interests of Florida's CPAs and advocating on behalf of the profession. As the 2022 Session comes to a close, this edition of CEO Conversations highlights the issues the FICPA has been engaged in on your behalf.

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