FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal 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
    • 1 hr 13 min
  • Federal 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
    • 53 min
  • Federal 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
    • 34 min
  • Federal 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
    • 1 hr 3 min
  • Federal 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
    • 49 min
  • Federal 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
    • 52 min
  • Federal 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
    • 53 min
  • Federal 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
    • 47 min
  • Federal 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
    • 52 min
  • Federal 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
    • 55 min

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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…