25.8K
Downloads
393
Episodes
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
Tuesday Sep 03, 2019
Tuesday Sep 03, 2019
https://www.currentfederaltaxdevelopments.com/podcasts/2019/8/31/dskr2u0nswq526yq8hbhxjq89mhmbg
Issues for this week:
- Tax Court finds that taxpayer did not have a trade or business of raising/showing horses since she didn’t have a horse
- Tax Court rejects IRS’s “step in the shoes” theory for gifted partnership interest with interest from debt-financed distribution received by donor
- IRS accepts court’s revision of IRA beneficiary, surviving spouse allowed to treat IRA as her own
- Coffeehouse was not a §501(c)(3) charitable organization
- Notice of deficiency sent to addresses used on returns found to be sent to last known address