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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday Jun 03, 2019
Monday Jun 03, 2019
Chuck Bauer, sales and business consultant and trainer, talks about working smarter and time management strategies with Mia Thomas, FICPA Director of Learning - Curriculum Development. Don't Overthink the Think - overdo the Do and other prioritization strategies are shared. Learn how you can transform you and your organization.
Monday Jun 03, 2019
Monday Jun 03, 2019
This week we look at:
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Evangelizing did not give rise to charitable deduction for most expenses
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DC Circuit agrees with Tax Court that failure to disclose basis of asset doomed $33 million contribution
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Taxpayers lose nearly $1 million of basis due to lack of old documents
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IRS tries one more time to develop a W-4 for the TCJA era
Tuesday May 28, 2019
Tuesday May 28, 2019
https://www.currentfederaltaxdevelopments.com/podcasts/2019/5/26/2019-05-28-another-new-tax-bill
This week we look at:
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Virtual currency guidance promised by IRS Commissioner
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HSA numbers for 2020 released by IRS
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Auto depreciation limits for 2019 released by IRS
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House passes retirement reform bill, would drastically cut back on the use of stretch IRAs
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Assistant US Attorney warns preparers about criminal exposure when they don’t raise enough issues about loan
Monday May 20, 2019
Monday May 20, 2019
https://www.currentfederaltaxdevelopments.com/podcasts/2019/5/18/2019-05-20-schedule-d-problem
This week we look at
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Review Wolters Kluwer IRS response and other issues
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IRS releases a new worksheet for computing tax when there are 25% or 28% gains
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Tax Court finds IRS did not have authority to find Medicare difficulty payments nontaxable in Notice 2014-7
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CA10 agrees with Tax Court that S corporation cannot accrue wages on participants
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Taxpayer materially participated in activity under facts and circumstances test
Monday May 13, 2019
Monday May 13, 2019
This week we look at:
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Wolters Kluwer CCH systems suddenly taken offline due to malware issue
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GAO criticizes security of e-file providers and software developers
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IRS updates maximum vehicle values for cents-per-mile and FAVR
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IRS clarifies redemptions treated as dividends taxation when paid during post-termination transition period
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Deduction for Connecticut estate taxes must be reduced by portion allocable to state’s gift taxes added back paid in 3 prior years
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My boss ordered me to do it doesn’t work for trust fund penalty even when the boss is an agent of a federal
Monday May 06, 2019
Monday May 06, 2019
https://player.vimeo.com/video/334209666
Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations
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Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense
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State tax refundable credit in excess of taxes is taxable income to taxpayer
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IRS expands determination letter to cover a limited number of existing plans
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LLC operating agreement adoption terminates S election
Monday Apr 29, 2019
Monday Apr 29, 2019
Current Federal Tax Developments for the week of April 29, 2019: Q&A 33 - The IRS FAQ Says What?
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Taxpayer finds expense can’t be assigned to business based on best result
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IRS greatly expands the FAQ on Section 199A, including a major surprise to many on handling S corporation shareholders
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IRS updates the EPCRS program to add more self-correction options
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Chief Counsel Email holds that using a PEO does not allow a partner to be treated as the employee of partnership
Monday Apr 22, 2019
Monday Apr 22, 2019
https://player.vimeo.com/video/331563967
https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/20/2019-04-22-irs-gets-busy-after-tax-season
Draft forms issued to be used to report §199A deduction on 2019 returns Proposed regulations address NRA potential current beneficiaries of ESBTs that are also grantor trusts Memorandum address impact of §318 attribution rules on §1372 and self-employed health insurance deduction Second (and maybe final) set of proposed regulations on opportunity zone issues Ninth Circuit decides IRS regulations did remove the ability to use common law mailbox rule to prove timely filing Click to listen to the audio .
Tuesday Apr 16, 2019
Tuesday Apr 16, 2019
https://player.vimeo.com/video/330824587
https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/16/2019-04-16-still-to-come-on-tcja
§199A - Mainly Post-Final Regulation Issues §163(j) - Proposed Regulations Out, Awaiting Final Regulations Depreciation - Will the Retail Glitch Get Fixed? And When? SALT - Soon to be released final regulations on state tax credits and then what §461(j) - Limit on business losses - where’s the guidance Other areas 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
Monday Apr 08, 2019
Monday Apr 08, 2019
https://player.vimeo.com/video/328828982
https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/6/2019-04-08-salt-and-the-home-office
IRS sends proposed regulations on §199A for cooperatives to OIRA for review PMTA outlines intereaction of home office and SALT cap Trade or business definition for instructions in Form 461 issue identified by IRS Second Circuit reverses Tax Court decision that found a tax “black hole” 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.