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:

May 15, 2023Federal Tax Update: The PEO and Your ERC Refund
https://vimeo.com/826711142
https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/14/2023-05-15-the-peo-and-your-erc-refund

This week we look at:
IRS email discusses issues that arise with payroll tax refunds when a PEO is involved who itself has unpaid tax liabilities
Letter ruling provides that Forms 1099-C must be filed by a credit union due to writing off certain debts as part of a legal settlement
IRS plans to add more detail to partnership K-1 liability disclosures on 2023 returns
...more
34min
May 08, 2023Federal Tax Update: Time Zone and Timely Electronic Fillings
https://vimeo.com/824592546
https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/7/2023-05-08-time-zones-and-timely-electronic-filings

This week we look at:
IRS issues CCA making clear how strict the §125 substantiation rules are
Taxpayer’s lack of documentation forces him to accept preparer’s gross gambling winnings and limits his gambling loss deduction
Tax Courts finds that last second rule for filing a Tax Court petition is not the same as for returns filed via eFile
...more
1h 3min
May 01, 2023Federal Tax Update: Court Unimpressed by Claimed CRAT Magic
https://vimeo.com/822560005
https://www.currentfederaltaxdevelopments.com/podcasts/2023/5/1/2023-04-30-court-unimpressed-by-claimed-crat-magic

This week we look at:
More CRAT problems - but this one the IRS had warned against using
Change of protocol underlying cryptocurrency from proof of work to proof of stake is not a taxable event
Fact some countries now treat Bitcoin as legal tender does not change its status as property, not foreign currency
Taxpayer finds they had to wait a year to claim a deduction for cashier’s check purchased to settle legal dispute
...more
49min
April 24, 2023Federal Tax Update: Catching Up After Tax Season
https://vimeo.com/820327561
https://www.currentfederaltaxdevelopments.com/podcasts/2023/4/23/2023-04-23-catching-up-after-tax-season

This week we look at:
Another taxpayer fails to establish either spouse as a real estate professional
SPIFF was not a separate trade or business
IRS releases revised Form 3115
IRS letter to Senator on PEOs and ERC
FinCEN publishes FAQ on Corporate Transparency Act reporting
...more
52min
April 03, 2023Federal Tax Update: EV Battery Released
https://vimeo.com/814073399
https://www.currentfederaltaxdevelopments.com/podcasts/2023/4/2/2023-04-03-ev-battery-rules-released

This week we look at:
IRS announces non-acquiescence in Tax Court case on taxpayer asserting substance over form
IRS highlights bad tax advice on social media
IRS rules that assets held in intentionally defective grantor trust do not obtain date of death basis
IRS releases proposed battery regulations for new EV credits
...more
53min
March 27, 2023Federal Tax Update: ERC Scams Lead the Dirty Dozen
https://vimeo.com/811844305
https://www.currentfederaltaxdevelopments.com/podcasts/2023/3/26/2023-03-26-erc-scams-lead-the-dirty-dozen

This week we look at:
IRS begins 2023’s Dirty Dozen Tax Scams with problematical ERC refund claims
IRS announces position on evaluating when a non-fungible token is a collectible
C corporation not allowed to take home office expenses for owner-employee’s home
IRS email reminder that BBA opt-outs must be made on original returns
...more
47min
March 20, 2023Federal Tax Update: Taxes and Medical Expenses
https://vimeo.com/809579912
https://www.currentfederaltaxdevelopments.com/podcasts/2023/3/19/2023-03-20-taxes-and-medical-expenses

This week we look at:
Trust that was meant to be a CRAT found not to be one and attempted fix was too late and not undertaken correctly
PLR looked at whether item for consumption by infant to reduce risk of developing a condition was all or partially a medical expense
IRS produces FAQ on whether different types of health expenses qualify as medical expenses
...more
52min
March 13, 2023Federal Tax Update: Seaview Trading Reversed in Ninth Circuit
https://vimeo.com/807325053
https://www.currentfederaltaxdevelopments.com/podcasts/2023/3/12/2023-03-13-seaview-trading-reversed-in-ninth-circuitmp4

This week we look at:
IRS and OPR issue separate warnings on ERC claims
Ninth Circuit reverses Seaview Holdings LLC decision after en banc hearing, partnership return not forwarded to Ogden was never filed
IRS gives financial institutions RMD notice relief
S corporation accidentally ended its status by revising its LLC operating agreement
...more
55min
March 06, 2023Federal Tax Update: Non-Willful FBAR Penalty is on a Per-form Basis
https://vimeo.com/804697529
https://www.currentfederaltaxdevelopments.com/podcasts/2023/3/4/2023-03-06-non-willful-fbar-penalty-is-on-a-per-form-basis

This week we look at:
Deposit and use by sheriff of jail meal money not found to be a mere misunderstanding
Amounts taxpayer expected to repay with future earnings found not to be loans, taxable upon receipt
SCOTUS rules non-willful FBAR failure is a per-form not per-account penalty
CPA fails to provide substantiation for deductions for practice
...more
40min
February 13, 2023Federal Tax Update: State Payment Relief for Taxpayers
https://vimeo.com/798033001
https://www.currentfederaltaxdevelopments.com/podcasts/2023/2/11/2023-02-13-state-payment-relief-for-taxpayers

This week we look at:
IRS relents to pressure, releases guidance on state payment programs’ taxability (generally it’s good news)
IRS begins offering direct deposit for Form 1040-X electronic filers - but it will still take a long time to process
No substantive §174 guidance likely before initial tax deadlines (March & April)
Form 4868 didn’t qualify as informal claim for refund
...more
31min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.