FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal 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
    • 31 min
  • Federal 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
    • 37 min
  • Federal Tax Update: Last Call to Enter ERC Voluntary Disclosure Program

    https://vimeo.com/924422473?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/17/2024-03-18-last-call-to-enter-erc-voluntary-disclosure-program

    This week we look at:

    • FinCEN gives formal notice of appeal of CTA BOI case
  • Deadline rapidly approaching for entering first ERC voluntary disclosure program
  • Arizona lawmakers write the IRS about tax status of 2023 state rebates
  • Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case
    • 37 min
  • Federal Tax Update: FinCEN Announces Enforcement Reaction to Alabama Case

    https://vimeo.com/921816386?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/10/2024-03-11-fincen-announces-enforcement-reaction-to-alabama-case

    This week we look at:

    • FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen
  • IRS issues warning about companies peddling “doctor’s notes”
  • Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year
    • 24 min
  • Federal Tax Update: Court Questions Constitutionality of the CTA

    https://vimeo.com/918946036?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/3/2024-03-04-court-questions-constitutionality-of-the-cta

    This week we look at:

    • CTA found to violate Constitution by US District Court
  • Tax Court issues ruling on impact of SECURE 2.0 Act statute change on returns filed before December 29, 2022 effective date of the Act
  • IRS warns about need to reconcile premium tax credit on Forms 1040 after seeing an increase in the number of returns being filed without the required reconciliation
    • 36 min
  • Federal Tax Update: More BOI Information from Insurer

    https://vimeo.com/916512887?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/2/25/2024-02-26-more-boi-information-from-insurer

     

    This week we look at:

    • More BOI resources from CAMICO made available by NJCPA
  • District Court refuses to stay FBAR proceeding to await Tax Court result partially due to the age of the taxpayer
  • IRS announces program to go after corporate jet personal usage
  • The state of Arizona sues the IRS over tax status of state tax rebate.

    •  

    42 min
  • Federal Tax Update: Insurers Update BOI Guidance

    https://vimeo.com/914227666?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/2/18/2024-02-19-insurers-update-boi-guidance

    This week we look at:

    • Insurers updating their advice on BOI engagements
  • SALT cap 2023 increase bill fails on a procedural vote in the House
  • Jury finds taxpayer did not willfully fail to file FBAR reports
  • IRS takes position third party payors liable for ERC refund repayment in addition to common law employers
  • IRS sending out CP271 “soft letters” to those with open ERC refund claims
  • S corporation has a failure of 9 trusts receiving shares from decedent
  • Taxpayer unsuccessfully argues she only should pay taxes on social security actually received

    •  

    1 hr 2 min
  • Federal Tax Update: Are You Giving Bad Advice on Electronic Filing

    https://vimeo.com/911904537?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/2/10/2024-02-12-are-you-giving-bad-advice-on-electronic-filing

    This week we look at:

    • No movement on tax bills this week - nor is final action at all likely to take place before March
  • E-Filing returns - good or bad idea? Two competing articles published this week
  • Taxpayer owes tax on IRA forfeited to government as part of criminal conviction
  • IRS discusses when CID voluntary disclosure program should be used instead of ERC voluntary disclosure program
  • IRS warns about EFIN scam emails
  • Taxpayer found to have submitted a late new refund claim rather than a revision to a timely filed informal claim
    • 1 hr 15 min
  • Federal Tax Update: More Movement on Proposed Retroactive Tax Bills

    https://vimeo.com/909818314?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/2/4/2024-02-05-more-movement-on-proposed-retroactive-tax-bills

    This week we look at:

    • Bipartisan extender bill is passed by the House, but faces uncertain future in the Senate
  • A limited, single-year SALT cap relief bill will be brought to the House floor as part of the compromise to pass the bipartisan bill
  • Tax filing season for 2023 return begins this week
  • A cautionary tale about phishing being used to obtain client tax information
    • 49 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…