FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: Form 8308 Relief

    https://vimeo.com/902770920?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/1/14/2024-01-16-form-8308-relief

    This week we look at:

    • Talks continue on proposed tax bill
  • IRS provides guidance on Pension-Linked Emergency Savings Account anti-abuse provisions
  • Relief granted for filing information found in Part IV of Form 8308 for 2023 returns
  • IRS updates Notice describing how to obtain certain exemptions from the required electronic filing of certain entity information and tax returns

    •  

    36 min
  • Federal Tax Update: IRS Mistake Stands as Taxpayer Benefits

    https://vimeo.com/900422582?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2024/1/7/2024-01-08-irs-mistake-stands-as-taxpayer-benefits

    This week we look at:

    • New work in progress to try and obtain a bipartisan tax bill
  • IRS gives car dealers a brief extension to file time-of-sale reports
  • IRS reverses direction on treatment of impact of adding a tax reimbursement clause to an IDGT
  • Taxpayer can rely upon date IRS places in Notice of Deficiency as the last day to file a Tax Court petition
    • 41 min
  • Federal Tax Update: FinCEN BOI Week

    https://vimeo.com/895535223?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/12/17/2023-12-18-fincen-boi-week

    This week we look at:

    • FinCEN adds more information to FAQ page, including information on PDF form
  • Bill passes House that would give a limited extension of time for some initial BOI reports to be filed
  • IRS releases mileage rates for 2024
  • Supreme Court agrees to hear estate tax valuation case to resolve split in the Circuits
    • 46 min
  • Federal Tax Update: First ERC Challenge in Court

    https://vimeo.com/893131581?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/12/10/2023-12-11-first-erc-challenge-in-court

    This week we look at:

    • IRS sends out a batch of 20,000 ERC rejection letters
  • Employer files suit claiming IRS ERC guidance violated the Administrative Procedures Act
  • SCOTUS hears oral arguments in the Moore case
  • Draft K-2/K-3 instructions are published with no major changes to the domestic filing exception for 2023

    •  

    44 min
  • Federal Tax Update: State Law Limited Partners and Self Employment Tax

    https://vimeo.com/890861625?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/12/3/2023-12-04-state-law-limited-partners-and-self-employment-tax

    This week we look at:

    • FinCEN finalizes extension of due date for initial BOI reports for entities created in 2024
  • Tax Court rules that a state law limited partner is not automatically covered by IRC §1402(a)(13) self-employment tax exemption
  • OPR due diligence alert on FBAR
  • Annual business MeF shutdown date announced
  • IRS denies request for automatic accounting method change late election relief
  • Tax Court finds that if date to file a Tax Court petition falls on a date that the clerk’s office is inaccessible, the taxpayer qualifies for extended filing relief even though electronic option had been available on the due date
    • 47 min
  • Federal Tax Update: FinCEN Becomes Part of ERC Fraud Enforcement

    https://vimeo.com/888279996?share=copy

     

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/11/25/2023-11-27-fincen-becomes-part-of-erc-fraud-enforcement

    This week we look at:

    • IRS delays certain parts of expanded Form 1099-K filings added in ARPA to 2024 tax years
  • FinCEN enters the ERC fraud enforcement game, publishing 10 red flags for financial institutions to use to identify suspicious transactions that may need to be reported to FinCEN
    • 33 min
  • Federal Tax Update: FinCEN FAQ Update for BOI Reporting

    Vimeo Link https://vimeo.com/886017968?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/11/18/2023-11-20-fincen-faq-update-for-boi-reporting

    This week we look at:

    • IRS clarified FAQ on §139A and backpay for wrongfully incarcerated members of the armed services
  • FinCEN adds to the FAQ on beneficial ownership information reporting

    •  

     

     

    40 min
  • Federal Tax Update: IRS Completes Inflation Adjusted Number Lists for 2024

    https://vimeo.com/883588545?share=copy

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/11/11/2023-11-13-irs-completes-inflation-adjusted-number-lists-for-2024 

    This week we look at:

    • Inflation adjusted numbers for 2024 issued by the IRS
  • Minor revisions made in final BOI FinCEN Identifier rules
  • The IRS issues its second ERC-related GLAM, this time taking aim at OSHA related partial shutdown theories
  • If a Notice isn’t binding on the courts, does that mean we can just pretend it doesn’t exist when advising our clients?
    • 1 hr
  • Federal Tax Updates: Retirement Plan Numbers Released for 2024

    https://vimeo.com/881264055?share=copy

     

    https://www.currentfederaltaxdevelopments.com/podcasts/2023/11/4/2023-11-06-retirement-plan-numbers-released-for-2024

     

    This week we look at:

    • 2024 inflation adjusted retirement numbers released by the IRS
  • MeF 1040 shutdown date announced by the IRS
  • Trust found liable for transferee tax in failed Son-of-BOSS shelter to offset stock sale gain
  • IRC §41 refund claim grace period extended for yet another year
  • Tax Court refuses to expand equitable relief for missing 90-day deadline to file petition
    • 52 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…