FICPA Podcasts

Federal Tax Update - Mar. 11, 2019

https://player.vimeo.com/video/322457804
https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/9/2019-03-11-199a-return-issues
Look at some items causing confusion over §199A on discussion forums as returns are prepared Treasury announces changes in temporary regulations and subregulatory guidance Recipients of sexual harassment and sexual abuse settlements with confidentiality clause allowed to deduct legal fees Gambling loss triggered by impulse control problem side effect of prescribed drug not a casualty loss Proposed regulations issued for FDII and GILTI IRS no longer plans to issue regulations to bar post-retirement lump-sum

Federal Tax Update - Mar. 4, 2019

https://player.vimeo.com/video/320947355
https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/2/2019-03-04-tax-refunds-and-the-2019-tax-returns
A look at the special rules under §111 for tax benefit and how it impacts state tax refunds from 2018 returns No Fifth Amendment defense against assertion that taxpayer is trafficking under §280E IRS grants extension of time to file returns for farmers and fishermen Tax Court looks at the application of the penalty review process to automated exams IRS gave insufficient notice that a third party would be contacted for information   Click to listen to the audio . Alternatively, you may download the file to

Federal Tax Update - Feb. 25, 2019

https://player.vimeo.com/video/319193828
https://www.currentfederaltaxdevelopments.com/podcasts/2019/2/23/2019-02-25-co-op-real-estate-tax-issue
State found to illegally discriminate against federal law enforcement retirees due to tax break for state law enforcement retirees IRS decides expanded availability of meal delivery means fewer meals are truly for the convenience of the employer IRS acquiesces in case regarding meals for hockey teams Politico points out loophole that may exist for owners of co-op shares with regard to $10,000 tax limitations Looking at options beyond the safe harbor for rentals under §199A   Click to listen to the audio .

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