FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: BOI Developments Week

    https://vimeo.com/1061747510?share=copy#t=0

    https://www.currentfederaltaxdevelopments.com/podcasts/2025/3/2/2025-03-03-fincen-announces-boi-relief-and-future-actions 

    This week we look at:

    • FinCEN Announcement on BOI Reporting Penalties
    • Tax Court Case: Alan Hamel and Estate of Suzanne Hamel v. Commissioner
    • IRS “Dirty Dozen” Tax Scams for 2025
    • IRS Adds Tax Documents to Online Accounts
    • Ways and Means Committee Passes Disaster Relief Bills
    • House and Senate Budget Resolutions
      • 1 hr
    • Federal Tax Update: BOI Developments Week

      https://vimeo.com/1059459180?share=copy#t=0

      https://www.currentfederaltaxdevelopments.com/podcasts/2025/2/23/2025-02-24-boi-developments-week

      This week we look at:

      • Second Circuit Rules on Section 179D Deductions and Accounting Method Change
      • IRS Guidance on ACA Notice Posting
      • Court Case on CPA Negligence and Trust Return Penalties
      • BOI Reporting Requirement Updates
        • 1 hr
      • Federal Tax Update: A Week of Lost Losses

        https://vimeo.com/1057256987?share=copy#t=0

        https://www.currentfederaltaxdevelopments.com/podcasts/2025/2/16/2025-02-17-a-week-of-lost-losses

        This week we look at:

        • Deductibility of Losses: Weston v. Commissioner
        • Conservation Easements: Green Valley Investors LLC
        • Automobile Depreciation and Lease Inclusion
        • S Corporation Inadvertent Termination Relief
        • Corporate Transparency Act (CTA) - Government Briefs
        • House Ways & Means Committee Tax Bills
          • 1 hr 11 min
        • Federal Tax Update: New Administration Pushes Forward with the CTA

          https://vimeo.com/1054799615?share=copy#t=0

          https://www.currentfederaltaxdevelopments.com/podcasts/2025/2/8/2025-02-10-new-administration-pushes-foward-with-the-cta

          This week we look at:

          • IRS issues letter ruling on IRA left to trust
          • A taxpayer mistakenly believes the IRS had conceded that his income was not subject to self-employment tax, but it hadn’t
          • The Tax Court denies a taxpayer’s deductions and claimed partnership losses due to incredibly disorganized and inadequate records
          • Taxpayer runs afoul of the “pay first, litigate later” rule when attempting to sue the IRS for a refund in US District Court in response to an assessment
          • A taxpayer’s unprocessed claim for an ERTC refund doesn’t justify CDP relief
          • The BOI - new Administration continues litigation and proposes a new due date, potential filing relief
            • 1 hr 15 min
          • Federal Tax Update: A Week of Tax Court Rulings

            https://vimeo.com/1052761467?share=copy#t=0

            https://www.currentfederaltaxdevelopments.com/podcasts/2025/2/2/2025-02-03-a-week-of-tax-court-rulings

            This week we look at:

            • Tax Court Finds Property Donated to Charity Had a Value Less than One-Third of What Taxpayers Claimed on Return
            • IRS Finds Most Expenses Related to Taxpayers’ In Vitro Fertilization and Surrogacy Will Not Be Deductible Medical Expenses Under IRC §213
            • Taxpayer Denied Innocent Spouse Relief in Tax Court Bench Opinion
            • Tax Court Finds No Issue With the Appeals Office Structure and Staffing

              • Failure to Provide Proof of Filing of Returns Fatal to Taxpayer’s Attempt at Obtaining Relief in CDP Hearing Despite IRS Procedural Errors

              1 hr 18 min
            • Federal Tax Update: BOI Sees Supreme Court Action But There a Catch

              https://vimeo.com/1050510362?share=copy#t=0

              https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/26/2025-01-27-boi-sees-supreme-court-action-but-there-a-catch

              This week we look at:

              • Funds Taken By Sheriff Were a Valid Loan and Not Income from Embezzlement
              • Tax Court Allows a Reduced Deduction for a Conservation Easement
              • CCA Discusses Issues with Activities of a Private Foundation with Regard to Self-Dealing, Attempted Correction and Jeopardizing Investments
              • IRS Email Discusses Agency’s (Lack of) Obligation to Process Amended Tax Returns
              • Supreme Court Reverses Fifth Circuit Merits Panel, Again Removes Emergency Injunction Against Enforcement of the CTA BOI Reports
              • Despite Supreme Court’s Action on Texas Top Cop Shop, Inc. Ban on Enforcement of BOI Reporting, FinCEN Notes Ban on Enforcement Under the Smith Case is Still in Effect
                • 1 hr 14 min
              • Federal Tax Update: SECURE 2.0 Act Proposed Guidance

                https://vimeo.com/1048354337?share=copy#t=0

                https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/19/2025-01-20-secure-20-act-proposed-guidance

                This week we look at:

                • IRS updates residential energy credit Fact Sheet, adds details about the PIN requirements that take effect for 2025 property
                • Proposed regulations on catch-up contributions added by the SECURE 2.0 Act
                • Proposed regulations on the automatic enrollment provisions of IRC §414A
                • US Supreme Court agrees to review a Third Circuit ruling on Tax Court jurisdiction in a Collection Due Process case
                • IRS issues final regulations on resolution of tax controversies by the IRS Independent Office of Appeals Under TFA of 2019
                  • 1 hr 3 min
                • Federal Tax Update: Tax Filing and Payment Relief for California Wildfires and More

                  https://vimeo.com/1046229873?share=copy#t=0

                  https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/12/2025-01-13-tax-filing-and-payment-relief-for-california-wildfires-and-more

                  This week we look at:

                  • IRS Grants Tax Relief to California Wildfire Victims
                  • National Taxpayer Advocate’s Report to Congress and Legislative Recommendations Released
                  • Third US District Court Issues BOI Reporting Injunction
                  • Tax Court Finds a Building Was Not a Certified Historic Structure as Defined by §170(h)
                  • Taxpayer Denied Refund as Court Found the Taxpayer Had Taken the Position That Its Reporting Was an Error Rather Than a Method of Accounting
                  • Seventh Circuit Upholds Imposition of Fraud Penalty for an Overstatement of Withholdings
                  • Court Finds Taxpayer Submitted Digitally Altered False Documents, Sustained the Fraud Penalty the IRS Proposed
                  • IRS Updates Guidance on Section 530 Employment Tax Liability Relief
                    • 1 hr 22 min
                  • Federal Tax Update: Digital Assets, BOI, Conservation Easements and Embezzlement

                    https://vimeo.com/1044137813?share=copy#t=0

                    https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/5/2025-01-06-digital-assets-boi-conservation-easements-and-embezzlement

                    This week we look at:

                    • IRS gives relief for specific identification of digital asset basis for certain taxpayers for 2025 only
                    • Department of Justice asks the U.S. Supreme Court to Stay the Latest Corporate Transparency Act Injunction
                    • IRS no longer to dispute requirement to comply with APA to add listed transactions after the enactment AJCA in 2024
                    • Tax Court rules that merely being in a registered historic area does not make a building a certified historic structure
                    • Tax Court finds taxpayer owes tax on over $5.3 million diverted from two retirement plans
                      • 54 min
                    • Federal Tax Update: BOI Developments - The Gift That Keeps on Giving

                      https://vimeo.com/1042629856?share=copy#t=0

                      https://www.currentfederaltaxdevelopments.com/podcasts/2024/12/28/2024-12-30-boi-developments-the-gift-that-keeps-on-giving

                      This week we look at:

                      • Tomato processing plant reconditioning to put plant back into shape before beginning next harvest-season production failed all events test at end of the prior season
                      • Tax Court again imposes functional test in case with state law limited partners
                      • The BOI reports have a week of dueling court rulings - from the same court

                        •  

                        1 hr 10 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…