FICPA Podcasts

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. 

Federal Tax Update: Virtual Currency and Taxes

https://vimeo.com/365964311

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/12/2019-10-14-virtual-currency-and-taxes  

 

This week we look at:

• IRS expands IP PIN program to 10 more states
• Question on virtual currency transactions will be on Schedule 1, Form 1040 and 1040SR, along with release of more draft instructions
• Hard forks of virtual currencies are taxable events per IRS and the rule appears to apply retroactively
• Additional set of FAQs added for taxation of virtual currencies to IRS website

Federal Tax Update: Get Ready for the 2019 Passthrough Forms

https://vimeo.com/364498947

https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/5/2019-10-07-get-ready-for-the-2019-passthrough-forms

 

Current Federal Tax Developments for the week of October 7, 2019

• Pennsylvania cites Wayfair in providing for sales only based income tax nexus
• Taxes on investment real estate under IRC §164 - no $10,000 limit?
• Drafts of 2019 Forms 1065, 1120-S and related K-1s released by IRS
• Proposed regulations for ALEs using individual coverage HRAs released

Marketing Tactics That Lead to Business Growth

Dan Henn, CPA and FICPA Council member, shares with our listeners marketing communication tactics to show appreciation to clients and customers. 

Federal Tax Update: Rentals and the Safe Harbor

https://vimeo.com/363034617

https://www.currentfederaltaxdevelopments.com/podcasts/2019/9/29/2019-09-30-rentals-and-the-safe-harbor

 

This week we look at:

• Rentals and the Safe Harbor IRS releases final version of §199A rental safe harbor

• Special per diem rates that take effect on October 1, 2019 released

• Tax Court does not accept imprisonment and lack of access to what might be deductible expense documentation as reasonable cause for late filing.

Refeathering the Pillow: Catching, Containing & Cleaning up Cyber Fraud

Attorney, Jack Clabby - Shareholder with the law firm Carlton Fields provides advice regarding cybersecurity concerning breaches and data loss incidents with Mia Thomas, CPA, CGMA - Director of Learning for the FICPA. Listen as Jack discusses safety and risk management advice.

Federal Tax Update: Zombie Power of Attorney

https://vimeo.com/361421942

https://www.currentfederaltaxdevelopments.com/podcasts/2019/9/21/2019-09-23-zombie-power-of-attorney 

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