FICPA Podcasts

In our latest edition of FICPA CEO Conversations, our President & CEO, Shelly Weir, sits down with a Past Chair of the FICPA and the Founder and CEO of A-Lign, Scott Price.This is a conversation focused on people, as Shelly and Scott discuss attracting new CPAs, retaining the talent already in the profession, the rise of remote work, and what our industry might look like in the years to come.

 

https://www.ficpa.org/publication/ficpa-ceo-conversations-shelly-weir-and-lign-ceo-scott-price

https://vimeo.com/661513213

https://www.currentfederaltaxdevelopments.com/podcasts/2021/12/31/2021-01-03-irs-changes-web-guidance-quietly

 

This week we look at:

IRS quietly revises Ida relief revision

Reagan-era regulations on conservation easements found to be invalid by Eleventh Circuit

IRS objects to attempt to use 7 month old valuation for GRAT

Taxpayer fails at attempt to use a deposit in collection case

Deadline arrives for taxpayers who deferred FICA/SECA to make first of two installment payments

https://vimeo.com/660118457

https://www.currentfederaltaxdevelopments.com/podcasts/2021/12/26/2021-12-27-day-after-boxing-day-edition

 

This week we look at:

IRS/Malta look to shut down promoted tax shelter

Lenders instructed not to issue Forms 1099C on discharges of student loans

§469 rental definition does not apply to self-employment income rules

IRS to issue letters on advance child tax credit and third economic impact payment

Hurricane Ida relief extended to February 15

https://player.vimeo.com/video/658414387?

https://www.currentfederaltaxdevelopments.com/podcasts/2021/12/19/2021-12-20-bbba-is-not-coming-soon

 

This week we look at:

BBBA fails to clear Congress before adjourning for the year and Senator Manchin states he is a no vote on this bill

Mileage rates released by the IRS

IRS updates automatic changes for small business accounting methods added by TCJA

IRS publishes, with minimal changes, annual disclosure Revenue Procedure

https://vimeo.com/655721388

https://www.currentfederaltaxdevelopments.com/podcasts/2021/12/11/2021-12-13-quarter-4-erc-guidance

 

This week we look a

BBBA process continues but no Senate text yet available

Taxpayer discovers she needs to report K-1 income in year of divorce

IRS gives guidance for retroactive changes to 4th quarter ERC

IRS grants relief to certain partnerships filing short year returns related to Schedules K2 & K3

https://vimeo.com/653403802

https://www.currentfederaltaxdevelopments.com/podcasts/2021/12/5/2021-12-06-bba-email-week

 

This week we look at:

Tacit consent given for filing of joint tax return

“Money number” adjustments related to partnership items give rise to positive imputed adjustment

Entity type, not exempt vs. taxable status, is the key factor in determining if partner is an eligible partner for BBA opt out

https://vimeo.com/650439976

https://www.currentfederaltaxdevelopments.com/podcasts/2021/11/27/2021-11-29-erc-developments-return

 

This week we look at:

IRS modifies 2021 Form 1065 draft instructions to add self-employment income information

IRS issues preliminary guidance on late repeal of Q4 ERC for most employers

Training to begin for agents for ERC audits in early 2022

Rejection of return due to suspected identity theft did not mean return was not filed before statute expired

https://vimeo.com/648269872

https://www.currentfederaltaxdevelopments.com/podcasts/2021/11/21/2021-11-22-self-directed-ira-problems

 

This week we look at:

House passes BBBA, but not clear what the Senate will do

IRS clarifies 2021-2022 treatment of meals and incidentals per diem

Self-directed IRA implodes on taxpayer due to find that assets were held personally and commingled with other assets

IRS gives guidance on timing of PPP forgiveness income, as well as very short term BBA partnership amended return relief

https://vimeo.com/645625681

https://www.currentfederaltaxdevelopments.com/podcasts/2021/11/13/2021-11-15-inflation-adjusted-tax-numbers-released

 

This week we look at:

TAS will not intervene in amended return delayed processing cases

Inflation adjusted amounts released for 2022

Taxpayer denied in request to make late §475(f)(1) election to mark to market as a trader

https://vimeo.com/643207092

https://www.currentfederaltaxdevelopments.com/podcasts/2021/11/7/2021-11-08-tax-provisions-in-the-infrastructure-investment-and-jobs-act

 

This week we look at:

IRS announces retirement plan inflation adjusted numbers for 2022

Congress passes Infrastructure Investment and Jobs Act, sent to President for signature