FICPA Podcasts

Federal Tax Update - Nov. 5, 2018

https://player.vimeo.com/video/298775185
https://www.currentfederaltaxdevelopments.com/podcasts/2018/11/3/2018-11-05-parking-lot-tax
Inflation-adjusted retirement plan numbers for 2019 released IRS publishes draft Form 990-T and instructions with details on the parking lot tax Students lose at DC Circuit in attempt to claim travel deductions A Blue Book on TCJA may be coming soon A taxpayer is denied relief from liability for tax due on a joint return the court finds she didn’t file   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As",

Federal Tax Update - Oct. 29, 2018

https://player.vimeo.com/video/297611349
https://www.currentfederaltaxdevelopments.com/podcasts/2018/10/28/2018-10-29-more-guidance-to-come
Court finds IRA and plan balance received in divorce not protected in bankruptcy Interest limitation proposed regulations (except for passthroughs) heads to OMB Connecticut crumbling foundation relief clarified to also create NOLs that can be carried back in 2018 PTIN renewal opened up by the IRS OMB announces plans for guidance on TCJA loss limitation rules--but not planned to be out until June 2019 Taxpayer denied innocent spouse relief. 2018-10-29 More Guidance to Come from Kaplan Accounting CE on Vimeo

Federal Tax Update - Oct. 22, 2018

https://player.vimeo.com/video/296302754
https://www.currentfederaltaxdevelopments.com/podcasts/2018/10/21/2018-10-22-seizing-the-opportunity
Seizing the Opportunity 2018-10-22 Seizing the Opportunity from Kaplan Accounting CE on Vimeo .   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 clicking your mouse, choosing "Save Target As", then selecting a location on your computer to save the file.

Federal Tax Update - Oct. 8, 2018

https://player.vimeo.com/video/293812869
https://www.currentfederaltaxdevelopments.com/podcasts/2018/10/7/2018-10-08-business-meals-deduction-is-alive-and-well
IRS issues SIFL rates for second half of 2018 Information letter discusses more issues with the SALT workaround regulations Business meals will remain 50% deductible despite TCJA law changes ECPRS program updated by the IRS Market discount not subject to TCJA revenue conformity rule §457 plan not required to offer hurricane relief distributions 2018-10-08 Business Meals Deduction is Alive and Well from Kaplan Accounting CE on Vimeo .   Click to listen to the audio . Alternatively, you may download the file

Federal Tax Update - Oct. 1, 2018

https://player.vimeo.com/video/292564752
https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/30/2018-10-01-employee-benefits-week
Wall Street Journal reports IRS will issue guidance allowing 50% deduction for business meals IRS issues guidance on credit for paying employees on FMLA leave Moving expenses incurred in 2017 but reimbursed in 2018 ruled to be excludable from the employee’s income Special per diem rules, including high/low amounts, updated by the IRS IRS agent found to qualify as an innocent spouse when given what turned out to be a misleading response by soon to be ex-spouse 2018-10-01 Employee Benefits Week from

Federal Tax Update - Sep. 24, 2018

https://player.vimeo.com/video/291273529
https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/22/2018-09-24-is-this-reasonable
Tax Court allows a taxpayer to try and prove reasonable reliance on indirect legal advice Updated safe harbor explanations for plan distributions issued by IRS IRS delays major revision to Form W-4 to 2020 Relief announced for victims of Hurricane Florence 2018-09-24 Is This Reasonable? from Kaplan Accounting CE on Vimeo .   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 - Sep. 17, 2018

https://player.vimeo.com/video/290069156
https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/15/2018-09-17-are-349-filings-unconstitutional
South Dakota enacts remote seller law to implement Wayfair decision beginning November 30 Colorado tests the limits of Justice Kennedy’s holdings in Wayfair Even though records were imperfect, Tax Court finds taxpayer was a real estate professional Opportunity Zone regulations at OMB, expected out around end of the month IRS rules math error procedures can be used even after refunds are issued 2018-09-17 Are 349 Filings Unconstitutional from Kaplan Accounting CE on Vimeo .   Click to listen to the

Federal Tax Update - Sep. 10, 2018

https://player.vimeo.com/video/288822347
https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/7/2018-09-10-salt-clarification-well-not-really
South Dakota to hold a special session so the state can begin to take advantage of their victory in the Wayfair case Taxpayer who withdrew IRA funds based on a notice of intent to levy cannot escape 10% additional tax IRS clarifies the application of the proposed SALT regulations leading to a bevy of questions IRS memorandum concludes seismic fees for offshore drilling must be amortized and cannot be treated as intangible drilling costs President issues an Executive Order for DOL and Treasury to consider

Federal Tax Update - Sep. 4, 2018

https://player.vimeo.com/video/287838155
https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/1/fq9plkmvcdxs8hknv0762fw3flir1n
IRS warns tax professionals about FTC’s Safeguards Rule for confidential data Clarification of how change in exemption amounts will apply to items tied to exemption amounts Lessee is not able to claim conservation deduction for facade easement Letter ruling approves program where employer makes plan contribution for employees who pay on their student loans Taxpayer allowed extra time for late rollover where she had relied on spouse for tax and financial matters when couple separated while rollover

Federal Tax Update - Aug. 27, 2018

https://player.vimeo.com/video/286686228
https://www.currentfederaltaxdevelopments.com/podcasts/2018/8/25/2018-08-27-state-tax-credits-take-a-hit
Taxpayers creating multiple entities to try and avoid double taxation of C corporation income find their plan fails IRS issues SALT workaround regulations and affect both new and pre-existing state tax credit programs Modifications made to automatic accounting method revenue procedure to deal with S corporation revocations under special TCJA rule Guidance provided on applying the rules to compute UBTI separately for each trade or business 2018-08-27 State Tax Credits Take a Hit from Kaplan Accounting CE on