September 23, 2019
Current Federal Tax Developments for the week of September 23, 2019: Zombie Power of Attorney
IRS releases final and new proposed regulations on §168(k) bonus depreciation
Settlement offer to be sent to 200 taxpayers under exam for microcaptive structures
Government shutdown causes IRS to lose ability to extend statute taxpayer had already agreed to extend
Power of attorney not used by son nevertheless left him authorized to act for father, barring claim for extended statute
CPA ordered to turn over tax returns of client based on two factor test
September 23, 2019
Gerrard Grant, a Florida Bar Board Certified Tax Attorney at the law firm of Winderweedle, Haines, Ward & Woodman P.A. shares with Mia Thomas, CPA, CGMA - Director of Learning, Curriculum Development at the FICPA the importance of having an Operating Agreements for LLCs. An organization with a culture of positive communication sets the tone for its success. Gerrard shares some sections of what should be included in a company's operating agreement.
September 11, 2019
FICPA Director of Governmental Affairs, Justin Thames sits down with Florida TaxWatch President-CEO Dominic Calabro to discuss this year's TaxWatch Productivity Awards and the upcoming 2020 Census. Learn more about how state Government is working to save Florida taxpayers money and the long term impact that census could have on our state's budget.
September 9, 2019
This week we look at:
•IRS release instructions to 2019 §199A simple deduction form with additional informal guidance
•Memorandum discusses what does and does not qualify as having made a payment to a retirement plan
•Relief granted to file the second copy of the Form 3115 late for an automatic method change, but at a cost
•Activities failed to count as rentals, could not be combined into rental activity by real estate professional
•A flawed S election uncovered during due diligence for sale of the corporation
September 3, 2019
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
August 26, 2019
Hear from Chuck Bauer, sales and business consultant and Mia Thomas, CPA, CGMA FICPA Director of Learning - Curriculum Development discuss a smart email send delay strategy to help you work smarter utilizing technology.
August 19, 2019
Jody Padar, The Radical CPA - CEO & Principal of New Vision CPA Group, shares with Mia Thomas, CPA, CGAM - FICPA Director of Learning Curriculum Development, a business model to wake up and use technology. Jody will be a keynote speaker at the FICPA Accounting Show in September 2019.