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
Monday Sep 20, 2021
Federal Tax Update: Reasonable Cause to Avoid Negligence Penalty
Monday Sep 20, 2021
Monday Sep 20, 2021
This week we look at:
- Ways and Means Committee finishes markup of proposed new tax bill.
- Language of legal settlement made all of the settlement amount taxable to taxpayer regardless of the fact that payor likely had other reasons to settle
- Taxpayer had reasonable basis to rely upon prior case settlement even though Court found opposite results this time
Version: 20241125