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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.
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Monday Jun 24, 2024
Federal Tax Update: Supreme Court Upholds the 965 Transition Tax
Monday Jun 24, 2024
Monday Jun 24, 2024
https://vimeo.com/966201086?share=copy
This week we look at:
- The Supreme Court rules, in a more divided than it may appear opinion, that the §965 transition tax is Constitutional, sustaining the result from the Ninth Circuit in the Moore case.
- IRS gives interim guidance for special distribution relief in the SECURE Act 2.0 for certain distributions.
- IRS indicates it will now be (slowly) processing ERC claims, vast majority show issues
Version: 20240731