FICPA Podcasts

Federal Tax Update - Feb. 18, 2019

https://player.vimeo.com/video/317683120
https://www.currentfederaltaxdevelopments.com/podcasts/2019/2/16/2019-02-18-forms-and-instructions-week
Fix for auto depreciation quirk added by TCJA released by IRS A subtrust qualified as a conduit trust for IRA distribution purposes AICPA asks for relief from the potential impact of syndicate rules on small business tax relief Form 1065 instructions add a requirement for certain partnerships to disclose negative tax basis Checkbox added for when basis calculation required with Form 1040 and situations where it is required expanded by IRS   Click to listen to the audio . Alternatively, you may download the

Federal Tax Update - Feb. 11, 2019

https://player.vimeo.com/video/316298679
https://www.currentfederaltaxdevelopments.com/podcasts/2019/2/9/2019-02-11-tax-records-and-luggage
Situations where an employer can recover HSA funds from employee accounts IRS decides taxpayers can use Rev. Proc. 2018-60 even if currently using an impermissible method of accounting Taxpayer reasonably relied on CPA's advice and escapes penalties Airline passenger discovers he can't sue the TSA for his lost tax paperwork   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then selecting a location on your

Federal Tax Update - Feb. 4, 2019

https://player.vimeo.com/video/315012797
https://www.currentfederaltaxdevelopments.com/podcasts/2019/2/2/2019-02-04-what-is-in-a-word
IRS delays end of faxing transcripts after Chair and ranking minority member of Senate Finance Committee send a joint letter requesting a delay Taxpayers could not avoid NOL carryforward election they claimed they were unaware of IRS publishes corrected version of §199A regulations, changes one word some see as potentially important Article discusses risks to marijuana businesses from electing small business inventory relief added by TCJA   Click to listen to the audio . Alternatively, you may download the

Federal Tax Update - Jan. 28, 2019

https://player.vimeo.com/video/313688639
https://www.currentfederaltaxdevelopments.com/podcasts/2019/1/27/2019-01-28-irs-funding-restored-at-least-for-now
Reported IRS backlog of unanswered letters that arrived during the shutdown IRS publishes information on impact of shutdown on matters before the Tax Court W-2 wages Revenue Procedure made final at same time §199A final regulations come out More thoughts on the §199A final regulations   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then selecting a location on your computer to save the file. Click to watch

Federal Tax Update - Jan. 21, 2019

https://player.vimeo.com/video/312546054
https://www.currentfederaltaxdevelopments.com/podcasts/2019/1/21/2019-01-21-199a-final-regulations-and-rental-safe-harbor
Key changes in the §199A Final Regulations New York State Publishes Its Wayfair Guidance, Demanding Immediate Compliance Trust Case Going to US Supreme Court Sequestration Does Not Apply to Minimum Tax Credit Proposed Safe Harbor for Rental as a Trade or Business Under §199A Final Regulations Are Out - §965 and, the Big One, §199A IRS Grants Limited Waiver of Underpayment Penalties   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse,

Federal Tax Update - Jan. 14, 2019

https://player.vimeo.com/video/310977655
https://www.currentfederaltaxdevelopments.com/podcasts/2019/1/12/2019-01-14-syndicate-danger
IRS reopens IVES and user-fees based programs Advisers need to be sure to check syndicate rules to assure entity not subject to §163(j) rules Treat of Realtors revised in the second draft version of a portion of Publication 535 Filing season to start January 28, refunds are going to be issued Address to file gift tax returns has changed, estate tax return address to change in Jul   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse,

Federal Tax Update - Jan. 7, 2019

https://player.vimeo.com/video/309770333
https://www.currentfederaltaxdevelopments.com/podcasts/2019/1/6/2019-01-07-all-quiet-on-the-tax-front
IRS Notice gives guidance to tax-exempt organizations on excess compensation tax Outgoing W&M Chairman publishes discussion paper on TCJA technical corrections §199A final regulations still sitting at OIRA   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then selecting a location on your computer to save the file. Click to watch the video . Alternatively, you may download the file to your computer by right

Federal Tax Update - Dec. 31, 2018

https://player.vimeo.com/video/308818936
https://www.currentfederaltaxdevelopments.com/podcasts/2018/12/30/2018-12-31-lump-of-coal-for-real-estate-agents
Loan Adviser Found Not Liable to Repay in FINRA Treated as Ordinary Income from Debt Forgiveness IRS Raises Values Dramatically on Vehicles Eligible for Cents-Per-Mile and Fleet-Average Valuation Rules Safe Harbor Issued on Charitable Contribution Credits Related to a Trade or Business Revenue Procedure Issued to Deal with ADS Issues for Electing Farm and Real Property Businesses IRS Publication Indicates Real Estate Agents/Brokers and Insurance Agents/Brokers are in a Specified Service Trade or Business

Federal Tax Update - Dec. 24, 2018

https://player.vimeo.com/video/308005966
https://www.currentfederaltaxdevelopments.com/podcasts/2018/12/23/2018-12-24-feeling-blue-book-over-the-holidays
Just prior to the one year anniversary of TCJA, we finally get a Joint Committee staff Blue Book.on the law Tax credits for purchases of Teslas are being phased-out during 2019 MFP payments found in IRS memorandum to be taxable income and part of self-employment income Auto mileage rates for 2019 issued by the IRS A management company that managed a marijuana dispensary was subject to the deduction disallowance rules of §280E A limited amount of additional information released by the IRS on excess loss and

Federal Tax Update - Dec. 17, 2018

https://player.vimeo.com/video/306566331
https://www.currentfederaltaxdevelopments.com/podcasts/2018/12/15/2018-12-17-all-we-want-for-christmas-are-our-199a-final-regulations
IRS releases more proposed regulations Lack of documentation dooms deduction for taxpayers §199A final regulations sent to OIRA for review Guidance issued on valuing employer-provided parking for parking lot tax Relief given for some tax-exempt organizations first filing Form 990-T to pay parking lot tax Taxpayers who were out of the country for much of the period of nonpayment still found to be responsible persons   Click to listen to the audio . Alternatively, you may download the file to your computer