FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: AICPA Action Week

    https://vimeo.com/746382204

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/9/5/2022-09-06-aicpa-action-week

     

    This week we look at:

    • AICPA issues proposed revisions to Statements on Standards for Tax Services
  • AICPA requests additional guidance for filing of Schedules K-2 and K-3
  • AICPA and NAEA ask for additional time to file 2019 and 2020 tax returns to get penalty relief
    • 48 min
  • FICPA CEO Conversation: UF Athletics’ Melissa Stuckey
    The latest episode of FICPA CEO Conversation is a timely and informative look at the rapidly evolving economics of college athletics! Melissa Stuckey is the Associate Athletic Director and CFO of the University of Florida's University Athletic Association. In this conversation, we dive into the finances of big-time college sports, explain in detail the current Name, Image and Likeness (NIL) landscape, and touch on the opportunities for CPAs to take the field, as they assist student-athletes who are now having to manage income and navigate taxation.
    23 min
  • Federal Tax Update: IRS Releases Penalty Relief

    https://vimeo.com/743993881

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/28/2022-08-29-irs-releases-penalty-relief

     

    This week we look at:

    • Trust terms mean estate gets no deduction for marital or charitable contribution for specified payment value
  • IRS provides for broad penalty relief for certain returns from 2019 to 2020
  • National Taxpayer Advocate publishes blog post explaining IRS penalty relief
    • 30 min
  • Federal Tax Update: First IRA 2022 Guidance Released

    https://vimeo.com/741674414

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/21/2022-08-22-first-ira-2022-guidance-released

     

    This week we look at

    • Inflation Reduction Act of 2022 signed into law on August 16, 2022
  • Information on electric vehicle for 2022 released by Treasury, IRS and Department of Energy
  • Outline electric vehicle credit for remainder of 2022 and 2023 changes
  • IRS releases sample Written Information Security Plan (WISP) for tax professionals
    • 30 min
  • FICPA CEO Conversations: Barry Melancon
    For this edition of FICPA CEO Conversations, we are honored to be joined by one of our most important partners in the profession. Barry Melancon is the President & CEO of the American Institute of Certified Public Accountants and the CEO of the Association of International Certified Professional Accountants. In this in-depth discussion, Shelly and Barry touch on a variety of topics impacting CPAs, including the state of the profession, IRS service issues, Client Advisory Services, recruiting and retaining talent, ESG, private equity and M&A, and association management.
    49 min
  • Federal Tax Update: Highlights of the Inflation Reduction Act of 2022

    https://vimeo.com/739475431

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/14/2022-08-14-highlights-of-the-inflation-reduction-act-of-2022

     

    House and Senate pass the Inflation Adjustment Act of 2022 and we look at some key provisions

    • Increase in funding at the IRS
  • Continuation of 2021-2022 Premium Tax Credit Rules
  • Tax credits on clean energy vehicles
  • Expansion & extension of residential energy credits
  • Credit transfer provisions
    • 41 min
  • Federal Tax Update: Revised Virtual Asset Questions for 2022 form 1040

    https://vimeo.com/737392496

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/7/2022-08-08-revised-virtual-asset-question-for-2022-form-1040

     

    This week we look at:

    • IRA 2022 passes the Senate with revisions, House to take it up this week and may vote on Friday
  • Inflation adjusted premium tax credit percentages released
  • IRS revises questions on digital assets on Form 1040 for 2022
  • $51 million payment was not deductible alimony
  • IRS finalizes removal of signature requirement on §754 election
    • 45 min
  • Federal Tax Update: Will It Pass and What Is In It

    https://vimeo.com/735283780

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/8/1/2022-08-01-ira-of-2022-will-it-pass-and-what-is-in-it

     

    This week we look at:

    • Proposed Inflation Reduction Act of 2022 - will it pass and what’s in it?
  • Taxpayer told by court suit is being dismissed, must file 2020 income tax return to obtain economic impact payment not previously sent to taxpayer
  • IRS Security Summit warns tax pros about significant security threats to taxpayer data in their systems

    •  

    43 min
  • FICPA CEO Conversations: Dave Clauson
    The latest episode of FICPA CEO Conversations is a deep dive into one of the business world's hottest topics: Environmental, Social, and Governance, otherwise known as ESG. Dave Clauson is the Director of ESG at FORVIS, where he assists clients in assessing their current performance, determining potential areas for improvement, and creating tools, processes and procedures to enhance future ESG execution. Shelly and Dave discuss how ESG represents an opportunity for CPAs and how climate risks and climate disclosures will impact businesses in the years to come.
    20 min
  • Federal Tax Update: You Can’t Rely on Your Accountant Spouse

    https://vimeo.com/733037570

    https://www.currentfederaltaxdevelopments.com/podcasts/2022/7/24/2022-07-25-you-cant-rely-on-your-accountant-spouse

     

    This week we look at:

    • IRS wants preparers to advise clients to opt-in to IP-PIN program.
  • TAM holds that an activity that is treated as a material participation activity for five straight years under SPA test will be a material participation activity under the 5/10 test in year 6
  • Breadwinner not granted innocent spouse relief when she failed to inquire about or review return prepared by accountant spouse
    • 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…