28K
Downloads
419
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 Oct 18, 2021
Monday Oct 18, 2021
This week we look at:
- Two weeks later, Congress is still working on the infrastructure and reconciliation bills
- IRS outlines information requirements for §41 refund claims
- Taxpayer is not getting impermissible double benefit for paying alimony with pre-tax funds
- COBRA extension dates clarified by IRS
- IRS publishes documents regarding reliance on FAQs
Monday Oct 04, 2021
Monday Oct 04, 2021
This week we look at:
- Congress is still working on the infrastructure and reconciliation bills
- We get the Tax Court on record for the proper treatment of hobby loss deductions-that is, where they are reported
- IRS to begin charging a fee on October 28 to issue closing letters to estates
Monday Sep 27, 2021
Monday Sep 27, 2021
This week we look at:
- Taxpayer has issues with auto expenses, retirement plan contributions and demolition expenses in Tax Court
- Buy-sell agreement that wasn’t followed and was a found as a way to transfer business to brother as a way to escape transfer tax not followed by District Court
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
Monday Sep 13, 2021
Monday Sep 13, 2021
This we we look at:
- High low per diem and related guidance for FY 2021/2022 released
- Rules for reporting COVID-19 credit related leave on Forms W-2 for 2021
- Is the client required to amend a return? And, if so, when?
Tuesday Sep 07, 2021
Tuesday Sep 07, 2021
This weeks we look at:
- IRS makes permanent its limited e-signature program initiated last year
- Unambiguous plain text in the IRC vs. Congressional intent: how that impacts tax research and professional responsibilities
Monday Aug 30, 2021
Monday Aug 30, 2021
This week we look at:
- Looking for a trade or business is not itself a trade or business.
- IRS describes a harsh result for taxpayers that make a late deposit of deferred CARES Act FICA
Monday Aug 23, 2021
Monday Aug 23, 2021
This week we look at:
- A look at §1244 stock - an issue not often seen and on which a taxpayer lost this week
- Comprehensive look at the design of SALT entity level workarounds that more and more states are enacting-what are they, why do we see them passing with bipartisan support and what issues do they create?
Monday Aug 16, 2021
Monday Aug 16, 2021
This week we look at:
- Safe harbor guidance for PPP forgiveness and certain grants for reduction in revenue test for ERC
- Auto depreciation limits announced for 2021
- Taxpayers barred from producing evidence letter with no postmark applied was placed in mail by due date by US Court of Claims, even though the Tax Court allows such evidence
Monday Aug 09, 2021
Monday Aug 09, 2021
This week we look at:
- This week we look at: IRS issues ERC guidance for 3rd/4th quarter and adds to other guidance - confirms issue for majority shareholders
- IRS memorandum pushes IRS position regarding conservation easement extinguishment clauses
- Best-selling author loses her appeal of Tax Court decision regarding her attempt to split off most of her publishing contract income from self-employment tax