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

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FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.

FICPA Podcasts episodes:

July 31, 2023Federal Tax Update: The ERC Hearing Before Congress Left for the August Recess
https://vimeo.com/849978426
https://www.currentfederaltaxdevelopments.com/podcasts/2023/7/30/2023-07-31-the-erc-hearing-before-congress-left-for-the-august-recess

This week we look at:
Oversight Committee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program
IRS ending most announced revenue officer visits
Taxpayer finds out that there may very well be a tax consequence when you borrow against your life insurance policy and then let the policy lapse
...more
1h 4min
July 17, 2023Federal Tax Update: IRS Extrnds RMD Refief by One Year
https://vimeo.com/845765541?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2023/7/16/2023-07-17-irs-extends-rmd-relief-by-one-year

This week we look at:
IRS extends SECURE Act inherited IRA RMD relief for one additional year, adds special rollover rule for those born in 1951 due to SECURE 2.0 Act changes
IRS grants relief to victims of Vermont flooding.
Failure to attach simple election leads to requesting (and paying for) 11 separate private letter rulings
...more
47min
July 10, 2023Federal Tax Update: Research Credit Blues
https://vimeo.com/843721129
https://www.currentfederaltaxdevelopments.com/podcasts/2023/7/9/2023-07-10-research-credit-blues

This week we look at:
S corporation loses on research credit claim and gets hit with penalties - risks of a credit study
Exempt organization status denied for an organization formed to raise funds for one person’s medical bills
Discussion of tax research hierarchy in this short week
...more
1h 6min
July 05, 2023Federal Tax Update: Supreme Court Protective Claims and 965 Transition Tax
https://vimeo.com/841939508
https://www.currentfederaltaxdevelopments.com/podcasts/2023/7/3/2023-07-03-supreme-court-protective-claims-and-965-transition-tax

This week we look at
Supreme Court takes on §965 transition tax case for upcoming term: what do we do to protect our clients?
The IRS releases draft versions of key 2023 partnership income tax returns
Firefighter’s sexual harassment complaint settlement was not excludable from income
...more
1h 5min
June 26, 2023Federal Tax Update: Sherlock Holmes and Tax Research
https://vimeo.com/837414420
https://www.currentfederaltaxdevelopments.com/podcasts/2023/6/25/2023-06-26-sherlock-holmes-and-tax-research

This week we look at:
IRS ends COVID-19 relief for high deductible health plans effective for plan years ending after 12/31/24
Taxpayer fails in attempt to get IRS permission to make a late §475(f) mark to market election
Taxpayer who filed Tax Court petition 11 seconds too late due to technology challenges has petition dismissed
Sherlock Holmes on tax research
...more
1h 4min
June 19, 2023Federal Tax Update: What Could Be the Harm of Filing an ERC Claim
https://vimeo.com/837414420
https://www.currentfederaltaxdevelopments.com/podcasts/2023/6/18/2023-06-19-what-could-be-the-harm-of-filing-an-erc-claim

This week we look at
OIRA is no longer going to review IRS regulations before issuance
IRS updates list of automatic accounting method changes
Proposed regulations issued on transfers of certain energy credits and DirectPay for certain credits
What can go wrong with an employee retention credit refund claim?
...more
47min
June 12, 2023Federal Tax Update: Opening Offer in Negotiations for 2023 Tax Package
https://vimeo.com/835260362
https://www.currentfederaltaxdevelopments.com/podcasts/2023/6/11/2023-06-12-opening-offer-in-negotiations-for-2023-tax-package

This week we look at:
3 proposed tax bills introduced by Chair of House Ways & Means Committee
Wellness indemnification payment is taxable income to employee and subject to payroll taxes
IRS grants request to make election to skip claiming bonus depreciation when partnership discovers claiming bonus is bad news at the state level for certain partners
...more
56min
June 05, 2023Federal Tax Update: Hobby Losses Expenses Effectively Nondeductible
https://vimeo.com/833146017
https://www.currentfederaltaxdevelopments.com/podcasts/2023/6/4/2023-06-05-hobby-losses-expenses-effectively-nondeductible

This week we look at:
Fourth Circuit does not agree with view expressed by Seventh Circuit in Menard, Inc. that C corporation reasonable compensation only depends on a reasonable return to investors
Eleventh Circuit holds that “hobby loss” expenses under §183 are miscellaneous itemized deductions
Elderly attorney had reasonable cause for failure to file payroll tax returns and timely pay payroll tax liabilities
...more
1h 8min
May 30, 2023Federal Tax Update: Failure to File Claim Via Certified
https://vimeo.com/831321900
https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/29/2023-05-30-failure-to-file-claim-via-certified-mail-was-a-bad-idea

This week we look at:
Tax Court finds they have no authority to review the IRS notice for certification of seriously delinquent tax debt to State Department
IRS publishes warning signs for employers to use to identify ERC scams
Fourth Circuit finds that Section 7502 fully supplants common law mailbox rule for filing documents
...more
1h 13min
May 22, 2023Federal Tax Update: Supreme Court and IRS Giving Notice of Summons
https://vimeo.com/828851658
https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/21/2023-05-22-supreme-court-and-irs-giving-notice-of-summons

This week we look at:
Supreme Court rules in favor of IRS on issue of when notice must be sent when the IRS issues a third-party summons
IRS agent gets distracted by small issues, fails to investigate potentially much larger one and it costs the IRS at Tax Court
IRS announces 2024 HSA and excepted benefit HRA inflation adjusted amounts
...more
53min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.