FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: New IRA Voluntary Correction Program Coming

    https://vimeo.com/1239237908?share=copy&fl=sv&fe=ci

    https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/25/2026-10-26-new-ira-voluntary-correction-program-coming

    This week we look at:
    • Automatic refunds for adoption credit carryforwards claimed on 2025 returns
    • Tax Court rejects two syndicated easement deals and applies 40% gross valuation penalties
    • IRS withdraws the per se device rule and two anti-abuse rules from 2016 § 355 proposed regs
    • New law lets ministers revoke prior Form 4361 SECA exemptions beginning in 2029
    • Rev. Proc. 2026-34 rewrites EPCRS: broader self-correction, no mandatory recoupment
    • New IRA correction program (IVCP) begins May 1, 2027, replacing PLRs for 60-day rollover waivers
      • 1 hr 15 min
    • Federal Tax Update: IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees

      https://vimeo.com/1236894953?share=copy&fl=sv&fe=ci

      https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/17/2026-10-19-irs-finally-adopts-credit-card-payment-to-irs-regulations-but-there-will-likely-be-fees

      This week we look at:

      • Congress passes H.R. 9496, creating new IRC §7511 relief for hostages and wrongful detainees.
      • Rev. Proc. 2026-20 gives investment trusts holding digital assets a safe harbor for staking.
      • California OTA rejects FTB's hot asset theory for nonresident partnership interest sales.
      • Rev. Rul. 2026-18 publishes the SIFL rates for second-half 2026 employer aircraft flights.
      • Tax Court sustains bank-deposits income, denies Cohan estimates, and abates penalty in Rahman.
      • Proposed regs implement OBBBA changes to the Section 36B premium tax credit and APTC rules.
      • T.D. 10059 finalizes the back-end basis adjustment rule for intragroup Section 357(c) liabilities.
      • IRS postpones deadlines to February 2027 for Hurricane Isaias victims in Alabama and Florida.
      • Court of Federal Claims denies ERC for a staffing agency in Southern Arizona Health Services.
      • T.D. 10060 lets the IRS contract for card payment fees, recouped through a reimbursement fee.
        • 1 hr 9 min
      • Federal Tax Update: Trump Accounts Established for All Children

        https://vimeo.com/1232633815?share=copy&fl=sv&fe=ci

        https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/3/2026-10-05-trump-accounts-established-for-all-children

        This week we look at:

        • Informal claim and COVID-19 disaster relief save an untimely-looking IRA refund suit in Singh.
        • IRS recasts “Section 351 conversion” ETF transactions as taxable exchanges in Rev. Rul. 2026-20.
        • Proposed regs implement a four-year installment election for farmland sales to young farmers.
        • A corporate Offer-in-Compromise caps an officer's Trust Fund Recovery Penalty liability in Amodio.
        • Treasury completes automatic enrollment in Trump Accounts under new Section 530A regulations.
        • Sevillo Fine Foods: three independent grounds doom an ERC claim based on port congestion delays.
        • Tax Court holds Form 872-T cannot terminate a fixed-date Form 872 extension in Fine v. Commissioner
        • New IRS notice extends tax deadlines to September 2027 for Israel conflict-affected taxpayers
        • Congress sends the National Taxpayer Advocate independent legal counsel in H.R. 997.
        • New regulations build the infrastructure for the $1,700 Section 25F scholarship tax credit.
          • 1 hr 20 min
        • The Practitioner's Edge Ep. 8: Insights for Small Firm Success

          AI or offshoring? According to Anshul Agrawal, firms shouldn't have to choose.

          In the latest episode of The Practitioner's Edge, the founder of June15 Consulting joins host Dan Henn to explore how small and midsized accounting firms can use global talent to increase capacity, improve profitability, and position themselves for growth.

          They tackle the questions firm leaders are asking: What will clients think? How do you protect sensitive data? Can small firms really make offshoring work? And with AI advancing so quickly, does global talent still make sense?

          Discover why the answer may be combining the power of people and technology.

          39 min
        • Federal Tax Update: Estate Closing Letter Fee Increase Finalized

          https://vimeo.com/1230540060?share=copy&fl=sv&fe=ci

          https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/26/2026-09-28-estate-closing-letter-fee-increase-finalized

          This week we look at:

          • Tax Court Applies Equitable Tolling to BBA Partnership Petition Deadlines -- Kings Road Property
          • District Court Voids VIBIR's Net Investment Income Tax Assessment -- Perkins
          • IRS Notice 2026-55 Seeks Comments on Opportunity Zone Rules for Housing Developers
          • Hurricane Michael Casualty and Charitable Deductions Fail for Lack of Substantiation -- Williams
          • Treasury Raises the Estate Tax Closing Letter User Fee to $76 -- TD 10055
          • Tax Court Finds Proper Mailing Despite a Defective Form 3877 -- Lindsey
          • Unsubstantiated Insider Loan Triggers 225-Percent Excise Tax Exposure -- Jagannath
            • 1 hr 9 min
          • Federal Tax Update: Tax Break for Preschool Teachers in the Russia Sanctions Bill

            https://vimeo.com/1228387514?share=copy&fl=sv&fe=ci

            https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/19/2026-09-21-tax-break-for-preschool-teachers-in-the-russia-sanctions-bill

            This week we look at:

            • Tax Court Warns of AI Drafting Pitfalls in a CDP Lien Withdrawal Case -- Moore
            • Altering the Perjury Jurat Dooms a Refund Suit -- Johnson v. IRS
            • IRS Extends the Involuntary Conversion Period for Drought-Hit Livestock Sales
            • H.R. 9500 Would Restore and Expand Personal Casualty and Theft Loss Relief
            • Second Circuit Rejects Form Over Function for SECA Tax -- Soroban Capital Partners
            • H.R. 5334 Expands the Educator Expense Deduction to Early Childhood Teachers
              • 1 hr 17 min
            • Federal Tax Update: The Picasso and the Income

              https://vimeo.com/1226222016?share=copy&fl=sv&fe=ci

              https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/12/2026-09-14-the-picasso-and-the-income

              This week we look at:

              • Final Regulations Restore the Car Loan Interest Deduction Under T.D. 10054
              • Fourth Circuit Affirms $2.9M Willful FBAR Penalty -- United States v. Rund
              • Tax Court Clarifies BBA Extension Mechanics -- Katanga Properties
              • Treasury Proposes Sweeping QOF Certification and Reporting Regulations
              • Proposed Regs Allocate Foreign Source Deductions Under Sections 250 and 904
              • Unrestricted $16.5M Art Deal Funds Are Taxable Income -- Tunkl v. Commissioner
                • 1 hr 18 min
              • Federal Tax Update: IRS Bit By Not Mailing Via Certified Mail

                https://vimeo.com/1224707050?share=copy&fl=sv&fe=ci

                https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/7/2026-09-07-irs-bit-by-not-mailing-via-certified-mail

                This week we look at:

                • Federal Circuit Bars Treaty FTCs Against the NIIT -- Bruyea and Christensen
                • Financial Disability Tolling and Third-Party Authorization -- Goldman v. United States
                • OIC Public-Policy Rejections Upheld -- Filipowski v. Commissioner
                • Substantiation and Alter-Ego Doctrine -- Hank Risan v. Commissioner
                • Codifying Racial Nondiscrimination for Private Schools -- Proposed Section 1.501(c)(3)-2
                • IRS's Certified-Mailing Burden of Proof -- Wales v. Commissioner
                • Automatic Accounting Method Changes for R&E and Construction -- Rev. Proc. 2026-32
                  • 1 hr 6 min
                • The Practitioner's Edge Ep. 7: Insights for Small Firm Success

                  The FICPA's "The Practitioner's Edge" delivers practical insights for CPAs and professionals in small firms. Each episode explores strategies, trends, and real-world solutions to help you run a stronger practice, serve clients better, and stay ahead in a changing profession.

                   

                  This month, we're joined by Georgia Smith, lead product manager with Wolters Kluwer, to explore how small accounting firms can harness technology and AI to work more efficiently, reduce risk, and uncover new opportunities for growth. Smith discusses tools such as CCH AnswerConnect's Document Analysis and CCH Axcess Advisor, sharing real-world examples of how firms are reducing time spent on manual work, identifying advisory opportunities across their client base, and creating capacity without adding staff. She also addresses one of the biggest questions surrounding AI adoption: how firms can embrace new technology while maintaining security, accuracy, and the human expertise clients depend on.

                   

                  "Technology is not your enemy. You should leverage technology to help automate your repetitive tasks." Georgia Smith | Wolters Kluwer

                  35 min
                • Federal Tax Update: When is Partnership Return Not a Return

                  https://vimeo.com/1222482515?share=copy&fl=sv&fe=ci

                  https://www.currentfederaltaxdevelopments.com/podcasts/2026/8/31/2026-08-31-when-is-a-partnership-return-not-a-return

                  This week we look at: 

                  • Zero-Return Form 1065 Filings and the Beard Test (IRS CCA 202634014) 
                  • Full Payment Rule & Presumption of Correctness -- Pellegrino v. United States 
                  • Pro Rata Share Determinations Under OBBBA -- Proposed Regulations (REG-115646-25) 
                  • Treaty Exclusivity for Pooled Investments -- South Saskatchewan Community Foundation v. U.S.
                    • 51 min

                  About FICPA Podcasts

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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…