FICPA Podcasts

Federal Tax Update: Bring on the Forms

https://vimeo.com/378023996

https://www.currentfederaltaxdevelopments.com/podcasts/2019/12/8/2019-12-09-bring-in-the-forms  

 

This week we talk about:

• Final version of 2020 Form W-4 released
• Final versions of 2019 Forms 1040, 1040-SR, Schedules 2 and 3 released
• Shortly thereafter, final version of Schedule 1 released still containing question about virtual currency
• Relief for provision of Forms 1095-B and C
• Detailed guidance issued for IRS agents on BBA audit procedures

Federal Tax Update: Horses and Hobbies

https://vimeo.com/376414178

https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/29/2019-12-02-horses-and-hobbies 

 

This week we discuss the following issues:

• Commissioner rules that insurance payments for pyrrohite damage does not require Forms 1099
• Horse business found not to be a hobby, losses allowed
• IRS updates per diem rules for TCJA, following similar update for auto mileage rules

Federal Tax Update: Back to the FAQ

https://vimeo.com/375141738

https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/23/2019-11-25-back-to-the-faq  

 

Current Federal Tax Developments for the week of November 25, 2019: Back to the FAQ

• IRS discusses information security responsibilities and risks for tax professionals
• Rental section added to IRS’s §199A FAQ page on website
• Final regulations issued on anti-clawback estate/gift tax provisions
• Only one penalty applied to taxpayer that was both the owner and beneficiary of a foreign trust

Federal Tax Update: Upcoming Features

https://vimeo.com/373633502

https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/16/2019-11-18-upcoming-events

 

This week we look at

• Significant TCJA guidance to be issued by end of January 2020
• PLR allows advisory fees to be paid out of an annuity without trigger taxable income to owner
• IRS announces enforcement program for syndicated conservation easement programs
• IRS updates auto mileage rulings for changes made by TCJA
• IRS found to have attempted to assess tax on Son of BOSS after all statutes had expired

Federal Tax Update: Indexing Week

https://vimeo.com/372227795

https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/10/2019-11-11-indexing-week

 

This week we look at:

• Federal Circuit shoots down previously successful taxpayer argument that limited maximum FBAR penalty
• IRS publishes the 2020 inflation adjusted numbers
• Proposed regulations issued to revise the life expectancy tables for required minimum distributions
• Retirement plan numbers for 2020 issued by IRS

Federal Tax Update: 2019 Both a Home and an Investment

https://vimeo.com/370746521

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/26/2018-10-28  

 

Current Federal Tax Developments for the week of November 4, 2019 Both a Home and an Investment

• Wisconsin fails in attempt to look to sublease to tax software sales based on computers sold to be used in the state
• IRS agrees that taxpayer qualifies for both §121 and §1031 for the sale of a former home destroyed by fire
• Draft Form 1065 and K-1 instructions released by the IRS

Digital Is Eating the World

Randy Coleman, Wealth Management Advisor shares with Mia Thomas, FICPA Director of Learning - Curriculum Development his path to leadership learning and his upcoming topic at our UF Accounting Conference "Digital is Eating the World".

Federal Tax Update: Denied Deduction Not Excessive Fine

https://vimeo.com/368882218

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/26/2018-10-28  

 

This week we look at:

 

• California rules on tax issues for directors that have meeting in California
• Chief Counsel’s office gives guidance on use of secured email exchanges
• §280E found not to represent an excessive fine even if the Tax Court doesn’t completely agree on why
• Interim guidance issued to Appeals employees on BBA partnership regime
• Whistleblower cannot force IRS to reopen an audit that he claimed was woefully inadequate

Federal Tax Update: It's All in the Forms (and Instructions)

https://vimeo.com/user37230624/download/367612111/a6b2c7a75a

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/20/2019-10-21-its-all-in-the-forms-and-instructions  

 

This week we look at:

• Agents directed to grant relief in certain WOTC situations
• Form 1120-S instructions disclose 3 new statements to be required on K-1s for 2019
• Social security inflation adjusted 2019 numbers officially released
• Second draft of Form 1065 Schedule K-1 asks for additional information about disregarded entity partners
• TAS’s request for a delay while taxpayers facing loss of passport seek assistance denied by IRS

What the Heck is EOS and Is It Right For Me

The Entrepreneurial Operating System - EOS is  changing the way organizations manage and run efficiently and effectively. John King, CEO and EOS Implementer of the company Drive - Leadership and Management Coaching shares with our listeners the 6 key components of EOS along with how you can build traction and strategic ideas for you and your organization.