FICPA Podcasts

By FICPA Podcasts

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... more

· Business

4.5

88 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.

FICPA Podcasts episodes:

June 10, 2024Federal Tax Update: Estate Tax Problems for Buy Sells Funded by Life Insurance
https://vimeo.com/955638540?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/6/9/2024-06-10-estate-tax-problems-for-buy-sells-funded-by-life-insurance
This week we look at:
US Supreme Court rules that a requirement to redeem the decedent’s shares cannot be considered to reduce the value of the entity, but life insurance proceeds received by the entity to fund the buyout will increase the value
Taxpayer denied relief for late rollover when funds were accidentally transferred from employer plan to Roth IRA
IRS rules certain payments related to East Palestine, Ohio derailment are §139 disaster payments
What options exist for an employer with a pending ERC claim?
...more
53min
June 03, 2024Federal Tax Update: LLC as an S Corporation Issues
https://vimeo.com/952942911?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/6/2/2024-06-03-llc-as-an-s-corporation-issue
This week we look at:
IRS announces that Direct File will continue into 2025 and be expanded while maintaining other program
A taxpayer finds its not so simple as just file a Form 2553 if you want to have an LLC taxed as an S corporation, but did realize the error fast enough to get a PLR to restore S status
...more
52min
May 28, 2024Federal Tax Update: Misleading Silences Are Sometimes Fine in Tax
https://vimeo.com/950819978?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/27/2024-05-27-misleading-silences-are-sometimes-fine-in-tax
This week we look at:
Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder
Tax preparer’s conviction for willfully filing false returns upheld on appeal despite his argument he had doing what he did for years
Letters to taxpayer from IRS Appeals did not extend the time to file suit for a claim for refund
A partnership had properly elected to use BBA audit provisions early, rendering IRS FPAA invalid
...more
1h 2min
May 20, 2024Federal Tax Update: 2024-05-20 ERC Battles Continue
https://vimeo.com/947543909?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/17/2024-05-20-erc-battles-continue
This week we look at:
DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E
Filing date relief issued for those impacted by Ohio tornadoes from March
IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar
Tax adviser files suit to attempt to force the IRS to start processing ERC claims
Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)
...more
57min
May 14, 2024Federal Tax Update: Changes to CAFs and Process for Tax Pros to Obtain Transcripts
https://vimeo.com/945334377?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/12/2024-05-13-changes-to-cafs-and-process-for-tax-pros-to-obtain-transcripts
This week we look at:
IRS gives update on final results for ERC voluntary compliance program and discusses the future
The taxpayer’s contract did not make payment contingent on the success of research
DOJ announces CPA firm barred from promoting CRAT/single premium annuity shelter
IRS provides information on CAF “under review status” and changes to requesting transcripts
...more
56min
May 06, 2024Federal Tax Update: IRS Can Assess Penalties for Failure to File Form 5471 per DC Circuit
https://vimeo.com/943025614?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts
This week we look at:
IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 Act
DC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471)
Electric vehicle final regulations issued
Department of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businesses
Lack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)
...more
52min
April 29, 2024Federal Tax Update: No Minimum Attention Required for Supervisor Approval of Penalties per Tax Court
https://vimeo.com/940427506?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/28/2024-04-29-no-minimum-attention-required-for-supervisor-approval-of-penalties-per-tax-court
This week we look at:
Final regulations issued on credit transfer provisions of the Inflation Reduction Act
Tax Court rules the law does mandate a minimum level of attention by a supervisor when approving a proposed penalty
IRS announces the end of the Direct File pilot and will announce the next steps shortly
...more
33min
April 22, 2024Federal Tax Update: IRS Extends Limited RMD Relief But Warns They Expect This to Be the Last Time
https://vimeo.com/937007922?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/20/2024-04-22-irs-extends-limited-rmd-relief-but-warns-they-expect-this-to-be-the-last-time
This week we look at:
IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be the last time
FinCEN adds more Q&As to BOI FAQ for the first time since January
...more
51min
April 01, 2024Federal Tax Update: Tax Court Reverses Position on Validity of Conservation Easement Regulation
https://vimeo.com/929341969?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/31/2024-04-01-tax-court-reverses-position-on-validity-of-conservation-easement-regulation
This week we look at
Tax Court reverses position on validity of a regulation it had upheld four years ago
US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate
IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions
...more
31min
March 25, 2024Federal Tax Update: ERC Voluntary Disclosure Program Is Over - What Next
https://vimeo.com/926912400?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/24/2024-03-25-erc-voluntary-disclosure-program-is-over-what-next
This week we look at:
As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward
Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill
IRS issues proposed regulations to make SPA CRAT arrangements listed transactions
IRS asks Supreme Court to overturn Culp decision
...more
37min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.