FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: More BOI Report Issues

    https://vimeo.com/1007507701?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/9/9/2024-09-09-more-boi-report-issues

    This week we look at:

    • Additional BOI clarifications from online discussions regarding a CPA firm’s reporting obligations and confusions about reporting by entities that don’t register with a state for formation but which do file tax returns
    30 min
  • Federal Tax Update: BOI Review Time

    https://vimeo.com/1005595174?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/9/2/2024-09-03-boi-review-time

    This week we look at:

    • DOJ has scheduled a December 2 hearing on the proposed rule to reschedule marijuana
  • BOI reporting confusions that keep coming up as questions in online discussions - time to review
  • 59 min
  • Federal Tax Update: IRS ERC Notices of Denial-Comments of the Taxpayer Advocate

    https://vimeo.com/1002280262?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/24/2024-08-26-irs-erc-notices-of-denial-comments-of-the-taxpayer-advocate

    This week we look at:

    • IRS announces the reopening of the ERC Voluntary Disclosure Program on somewhat less generous terms then the first program provided
  • National Taxpayer Adviser discusses issues related to ERC Notices of Disallowance issued by the IRS
  • 1 hr 4 min
  • Federal Tax Update: Internet Frauds and Section 165

    https://vimeo.com/997531886?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/11/2024-08-12-internet-frauds-and-section-165

    This week we look at

    • Online scams and tax deductions - why how that online scammer you found on a dating site manages to take your money can make a big tax difference
  • IRS announces next steps in ERC program, will begin sending some checks in September
  • 48 min
  • Federal Tax Update: House Passed Tax Bill Fails to Clear Cloture Vote in the Senate

    https://vimeo.com/994852292?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/4/2024-08-05-house-passed-tax-bill-fails-to-clear-cloture-vote-in-the-senate

    This week we look at:

    • Tax bill fails to clear a procedural vote in the Senate, reducing the likelihood we’ll see the bill enacted before this Congress leaves office
  • US District Court declines to issue preliminary injunction requiring the IRS to terminate the ERC claim moratorium, but finds much the court liked in the plaintiff’s arguments
  • 58 min
  • Federal Tax Update: More IRS ERC Guidance

    https://vimeo.com/991337750?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/28/2024-07-29-more-irs-erc-guidance

    This week we look at:

    • FinCEN adds two more questions to BOI FAQ page
  • IRS adds five new warning signs for problematic ERC claims and announces new developments coming in ERC enforcement
  • Chief Counsel Memorandum outlines position on tax exempt organizations dealing with §52 provisions for ERC
  • 1 hr 8 min
  • Federal Tax Update: IRA Finalizes RMD Regulations

    https://vimeo.com/988144718?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/21/2024-07-22-ira-finalizes-rmd-regulations

    This week we look at:

    • Taxpayer can’t simply rely on tax software when preparing their return, even if they aren’t being nominated for Secretary of Treasury
  • IRS finalizes SECURE Act/SECURE 2.0 Act required minimum distributions regulations
  • IRS proposed regulations address the problem of determining the applicable age for those born in 1959
  • 51 min
  • Federal Tax Update: BOI Updates

    https://vimeo.com/983707444 

    https://www.currentfederaltaxdevelopments.com/podcasts

     

    This week we look at:

    FinCEN updates the FAQs for BOI reporting, adding information about entities that cease to exist

  • New Jersey Committee on Unauthorized Practice of Law releases letter outlining when CPAs and EAs may prepare and/or file BOI reports for clients without the assistance of an attorney

  • Another PLR issued for missed ESBT elections for trusts that qualified to make such elections

    An audio only version of this week’s broadcast can be streamed or downloaded below:

    51 min
  • Federal Tax Update: Supreme Court Makes It Easier to Challenge Regulations

    https://vimeo.com/980129130?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/7/2024-07-08-supreme-court-makes-it-easier-to-challenge-regulations

    This week we look at

    • End of term US Supreme Court cases that will likely impact challenges to Treasury regulations, overturning the concept of Chevron deference and extending the statute to challenge regulations under the Administrative Procedures Act
    57 min
  • Federal Tax Update: IRS to Eventually Automate FTA Relief

    https://vimeo.com/972556461?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/6/30/2024-07-01-irs-to-eventually-automate-fta-relief

    This week we look at:

    • Ninth Circuit rules that statute of limitations for the IRS to sue for recovery of erroneous refund begins when the check clears the Federal Reserve and is approved for payment by the US Treasury
  • IRS National Taxpayer Advocate announces the IRS will automate FTA abatement of penalties beginning in 2026
  • Attorneys report some ERC claimants now interesting in filing suit to accelerate their claim processing
  • 55 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…