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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday May 20, 2024
Federal Tax Update: 2024-05-20 ERC Battles Continue
Monday May 20, 2024
Monday May 20, 2024
https://vimeo.com/947543909?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/17/2024-05-20-erc-battles-continue
This week we look at:
- DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E
- Filing date relief issued for those impacted by Ohio tornadoes from March
- IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar
- Tax adviser files suit to attempt to force the IRS to start processing ERC claims
- Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)
Version: 20240731