FICPA Podcasts

Federal Tax Update: George M Would Be Proud

https://vimeo.com/354401706

https://www.currentfederaltaxdevelopments.com/podcasts/2019/8/17/2019-08-19-george-m-would-be-proud

This week we look at:

• Taxpayer “wins” on a Cohan style case, but things don’t really go well

• Qualified plan distribution is part of taxable income for the taxpayer even if the taxpayer doesn’t cash the check

• An estate cannot avail itself of the economic disability tolling of the statute of limitations (and it wouldn’t have mattered anyway).

• IRS to send out estimated tax penalty refund checks to 400,000 taxpayers

How to Bill a Million Dollars Using Technology

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.

Federal Tax Update: Toto Needs Sales Tax Money

https://vimeo.com/353111642

https://www.currentfederaltaxdevelopments.com/podcasts/2019/8/10/2019-08-12-toto-needs-sales-tax-money

This week we look at:

●Kansas releases out of state seller rules that have no de minimis levels

●Memorandum holds that partial denial of earned income tax credit can lead to loss of all credit for following two years

●Tennessee court finds that Boyle rule still applies, taxpayer cannot rely on preparer to efile extension

●New online tax withholding estimator released by IRS, second revised Form W-4 follows shortly after

●Revised third-party contact rules released prior to Taxpayer First Rule change that takes effect August 15, 2019

Problem Solving - What Kind of Issue is it?

Join the conversation with Steven Morrison, CPA - Partner in National Assurance Audit Quality Group at CohnReznick and Mia Thomas, CPA, CGMA - Director of Learning, Curriculum Development at FICPA discuss Problem Solving. What kind of issue is it? Accounting or assurance.

Federal Tax Update: About That Bitcoin

This week we look at:

• IRS sends out 10,000 letters on cryptocurrency, including some demanding a response

• Relief granted on three bonus depreciation elections for year that includes September 28, 2017

• Draft Schedule K-1 for Form 1120S revised to change §199A information reporting

• Letter ruling holds a partial deduction allowed for DNA tests requested by an individual

• Organization not operated exclusively for charitable purpose, §501(c)(3) status revoked retroactively

https://vimeo.com/351705614

https://www.currentfederaltaxdevelopments.com/podcasts/2019/8/2/2019-08-05-about-that-bitcoin

 

Federal Tax Update: 1982 Tax Form Nostalgia Week

https://vimeo.com/350405287

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/26/2019-07-29-1982-tax-form-nostalgia-week

Current Federal Tax Developments for the week of July 29, 2019: 1982 Tax Form Nostalgia

• IRS releases final regulations on §501(c)(4) notice

• Taxpayers who paid certain French taxes may have refund opportunities

• Six new compliance initiatives announced by IRS

• Minor relief granted to file superseding returns to some CPAR covered partnerships

• IRS releases a new draft version of Form 1099-NEC for the first time in 38 years

Volunteering with the Florida Institute of Certified Public Accountants - FICPA

Winston Churchill said "You make a living by what you get. You make a life by what you give." The FICPA has many opportunities to volunteer with our organization. Hear from former Chair of the Board, Gary Fracassi and Council member, Dan Henn discuss with FICPA Director of Learning - Curriculum Development, Mia Thomas on how they are involved with serving at the FICPA.  

Federal Tax Update: The Short Lived 1040 Postcard

https://vimeo.com/349128528

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/19/2019-07-22-the-short-lived-1040-postcard

Here is the podcast for the week of July 22, 2019

• Taxpayer who failed to file a signed Form 8332 with his return was denied the dependency exemption even though he eventually got a signed form
• IRS updates list of allowed preventive care for high deductible health plans
• IRS debuts new Form 1040-SR and revises Form 1040 to get rid of the postcard on draft 2019 forms the agency released

The Chartered Global Management Accountant (CGMA) Designation for Finance & Accounting Professionals Benefits & Requirements

Morgan Watson, CPA, CGMA - FICPA Director of Business Development discusses with Mia Thomas, CPA, CGMA - FICPA Director of Learning, the Chartered Global Management Accountant (CGMA) Designation for CPAs and non-CPAs. The CGMA is recognized worldwide and is the most widely held management accounting designation. CGMAs are management accountants who have reached the highest benchmark of quality and competency. This designation is powered by the AICPA and CIMA. Boost your career and influence your workplace. Hear from Morgan on who qualifies and the education requirements and experience needed to attain the CGMA designation.

Federal Tax Update: Fixing Typos Proves to Be Hard

https://vimeo.com/348024405

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/14/2019-07-15-fixing-typos-proves-to-be-hard

Current Federal Tax Developments for the week of July 15, 2019: Typos are Hard to Catch

• Taxes-Security-Together Checklist for tax professionals issued by the IRS

• Tax Court found that taxpayer was victim of a bookkeeping error and had sent IRA rollover contribution to custodian, late rollover allowed

• IRS discovers 31 years after the fact that a typo fix never was picked up in the Code of Federal Regulations

• Frequently asked questions page issued to explain TCJA change to §704(d) partner basis limits on charitable deductions and foreign taxes