FICPA Podcasts

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

Turn Pull Shove Catch: The Key to Supporting Women and Why It Matters

Renee Dabbs, a nationally recognized business management and professional development consultant, shares with Mia Thomas, CPA, CGMA - FICPA Director of Learning, Curriculum Development about creating personal networks and advice for empowering and motivating women. Renee has a passion for elevating women in the workplace and shares her experiences and key advice on how to help you elevate yourself at work and your personal life.

Federal Tax Update: Congress Enacts the Taxpayer First Act of 2019

https://vimeo.com/346614261

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/6/2019-07-08-congress-enacts-the-taxpayer-first-act

Update for the week of July 8, 2019. This week we look at:

• The Taxpayer First Act of 2019, signed into law on July 1, 2019
• The Supreme Court decides one trust due process case is enough for a single term
• IRS proposed a change in MEP to allow a solution to the one bad apple problem
• IRS goes back to issuing guidance via website FAQs, this time for QOFs
• Employers will be able to truncate SSNs on W-2s given to employees--but not right away
• IRS finalizes regulations barring partnerships from using disregarded entities to put partners on the payroll

Transformational Leadership for the Future - Generations in the Workplace & Emotional Intelligence

Leadership Coach and Consultant, Michele Norris - Founder of Navigen Leadership discusses with Mia Thomas, CPA, GCMA - Director of Learning, Curriculum Development about innovation and authentic leadership. We now have 5 generations in the workplace - Traditionalists, Boomers, Gen X, Gen Y & Gen Z. Michele reviews with us how we all work together in a positive direction and how we need each other. Her Leadership Trust Equation for the Future at Work will open your eyes on collaboration, authenticity, transparency, vulnerability and respect all they all take time. Listen with us on how Leadership is another profession, what is happening in the workplace and what is driving change.

Federal Tax Update: About That Drive from Florida to South Africa

https://vimeo.com/345356674

https://www.currentfederaltaxdevelopments.com/podcasts/2019/6/30/2019-07-01-about-that-drive-from-florida-to-south-africa

This week we look at:

• IRS issues notice to advisers regarding what to do in the event of a data breach
• IRS official confirms a §199A trade or business can include both commercial and residential rental
• Taxpayer found Tax Court didn't believe his vehicle logs
• Transaction found to be substantially similar to a listed transaction

Federal Tax Update: Supreme Court Just Says No

https://vimeo.com/343862080

https://www.currentfederaltaxdevelopments.com/podcasts/2019/6/22/2019-06-24-supreme-court-just-says-no

This week we look at:

• Proposed regulations issued on qualified agricultural cooperatives

• US Supreme Court rules mere residence of beneficiary not enough to all state to tax entire income of trust

• Taxpayer had a proper claim of right situation when she paid ½ of wages paid back by ex-spouse

• IRS finalizes non-resident alien ESBT regulations

Impact Report - Justin Thames and Jennifer Green - Special Edition

Justin Thames, Director of Governmental Affairs at the FICPA and Jennifer Green, President of Liberty Partners of Tallahassee, LLC discuss 2019 legislative issues that stood out this session. Discussed are industrial hemp and the Board of Accountancy guidance in the area of medical marijuana, budget funding - Clay Ford Scholarship and unlicensed activity fund, texting ban, importation of Canadian drugs, tax and hurricane relief, state tax issues - Wayfair Bill clarity on remote sales tax, HB 977 and companion bill SB 1252 changes from 20 hours of A&A CPE to 8 hours, caps to inactive, and SSA standards. Hear about Financial literacy legislation, blockchain Task Force, Local Government transparency and accountability and auditor selection procedures.

Florida Sales and Use Tax - What is taxable and Issues to know

James Sutton, Attorney and CPA with Moffa, Sutton & Donnini talks about Florida Sales and Use Tax issues with Mia A. Thomas, CPA, CGMA Director of Learning - Curriculum Development with the FICPA. What general types of items and services are taxable in Florida? When do you need to start collecting and filing sales and use tax returns. Hear James share about the transfer of sales tax liability and how you can avoid criminal and civil sales tax fraud. What major industries does the Florida Department of Revenue potentially look and why.

Federal Tax Update: Bring on the New HRAs

https://vimeo.com/342468445

https://www.currentfederaltaxdevelopments.com/podcasts/2019/6/15/2019-06-17-bring-on-the-new-hras

Current Federal Tax Developments for the week of June 17, 2019: Bring on the New HRAs

• IRS to stop faxing transcripts, only mail them to taxpayer’s address of record

• Final regulations issued for state tax credit donations and new way to report credit as tax paid

• IRS finalizes regulations creating two new HRAs

The Evolution of the Accounting Profession - Embrace Change

Gary Fracassi, 2018 - 2019 FICPA Chair of the Board discusses with Mia Thomas, FICPA Director of Learning the future of the accounting profession. The notion of disruption to unlearn what we know already, learn new skills, re-learn skills and put them to use.