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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 Jun 20, 2022
Monday Jun 20, 2022
This week we look at:
- Foreclosure proceeds could have paid interest on second mortgage, but taxpayer unable to show it was so applied
- Nurse allowed deduction for comfortable and professional clothing
- Innocent spouse relief not available for trust fund penalty liability
Monday Jun 13, 2022
Monday Jun 13, 2022
This week we look at:
- IRS increases mileage rates effective July 1, 2022
- Taxpayer unsuccessfully asks for relief for failing to file Form 3115
Thursday Jun 09, 2022
Thursday Jun 09, 2022
The latest edition of CEO Conversations features a pair of leaders with expertise in preparing accounting students and Young CPAs for what's ahead. Lorie Gleim is the CEO of Gleim Publications, the industry leader for CPA Exam prep, and Erin Buss is the Executive Vice President of Development & Strategy at Southeast Trust Company and the discussion facilitator for our upcoming Bridge the Gap Conference at MEGA 2022.
Our FICPA President & CEO Shelly Weir recently sat down with Lorie and Erin to discuss how to Strengthen the CPA pipeline make the profession exciting to students equip Young CPAs with the soft skills they need to grow and succeed and how to mold the future leaders of our profession.
Monday Jun 06, 2022
Monday Jun 06, 2022
This week we look at:
- AICPA letter on Section 174 guidance from the IRS - TCJA changes
- Form 7203 - impact on tax season and dealing with lack of basis records
Tuesday May 31, 2022
Tuesday May 31, 2022
This week we look at:
- Taxpayer discovers her documentation for a charitable contributions did not meet the IRC requirements
- IRS rules an enterprise involved in retail drug sales is a qualified trade or business under IRC §1202
Monday May 23, 2022
Monday May 23, 2022
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
Monday May 16, 2022
Monday May 16, 2022
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
Monday May 09, 2022
Monday May 09, 2022
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
Monday May 02, 2022
Monday May 02, 2022
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
Monday Apr 25, 2022
Monday Apr 25, 2022
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