FICPA Podcasts

FICPA Podcasts

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FICPA Podcasts episodes

  • Federal Tax Update: Perhaps Tax Instructions Aren't Just for Attorneys
    https://vimeo.com/559741875
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/6/6/2021-06-07-perhaps-tax-instructions-arent-just-for-attorneys
     
    This week we look at:
    Senate Parliamentarian’s second opinion on reconciliation limits practical use of revision of reconciliation instructions
    Long-time tax CPA who admits not reading Schedule B instructions hit with willful failure to file FBAR penalties
    MoneyGram is not a bank, meaning losses from 2008 financial crisis secured debts were capital losses
    53 min
  • Federal Tax Update: Is It Already Too Late to Sell to Get Long Term Capital Gain Rates
    https://vimeo.com/557274512
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/31/2021-06-01-is-it-already-too-late-to-sell-to-get-long-term-capital-gain-rates
     
    This week we look at:
    Green Book issued to explain administration’s revenue proposals
    Whether or not a 1099 must be issued, income still must be reported
    IRS gives more information about unemployment exclusion and community property states
    TAM looks at lack of “fact of the liability” for all events test dispute
    45 min
  • Federal Tax Update: ARPA COBRA Premium Assistance Questions and Answers
    https://vimeo.com/554388620
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/24/2021-05-24-arpa-cobra-premium-assistance-questions-and-answers
     
    This week we look at:
    IRS will begin sending out advance child tax credit payments on July 15
    IRS announces simplified method to file a return for those not required to file to qualify for advance payments
    IRS provides Q&A on COBRA premium assistance payments
    50 min
  • Federal Tax Update: Direct Submission to CAF Coming
    https://vimeo.com/551232271
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/17/2021-05-17-direct-submission-to-caf-coming
     
    This week we look at:
    IRS begins revising returns that reported taxable unemployment and excess APTC
    HSA and HDHP numbers for 2022 released
    Census will not change the boundaries of qualified opportunity zones
    IRS looking to automate submission of power of attorney forms
    26 min
  • Federal Tax Update: Summons and Cryptocurrency Exchanges
    https://vimeo.com/547234241
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/9/2021-05-10-summons-and-cryptocurrency-exchanges
     
    This week we look at:
    IRS looks at issues for use of an aircraft by a sole proprietor
    Dividends from controlled C corporation are still part of net investment income under IRC §1411
    IRS allowed to serve John Doe summons on Kraken exchange for information on customers
    33 min
  • Federal Tax Update: Community Property Unemployment Exclusion Windfall
    https://vimeo.com/544293945
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/5/2/2021-05-03-community-property-unemployment-exclusion-windfall
     
    This week we talk about:
    IRS confirms how community property states, MFS, and 2020 unemployment exclusions work
    Tax Court rules rent paid was unreasonably high, convert portion to dividend
    White House releases a fact sheet on proposed tax law changes
    1 hr 6 min
  • Federal Tax Update: IRS Extends Deviation for Electronic Signatures
    https://vimeo.com/541312000
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/4/25/2021-04-26-irs-extends-deviation-for-electronic-signatures
     
    This week we look at:
    A quick discussion of what know (little) and don't know (a lot) about not yet proposed changes to capital gain rates
    IRS provides safe harbor for returns filed on or before December 27 for PPP expenses
    IRS issues fact sheet to promote paid leave/family leave payroll tax credit subsidy for vaccine issues
    Deviation allowing for electronic signatures for some forms extended again
    IRS admits to delays in MeF payment processing near April 15
    47 min
  • Federal Tax Update: Why the Federal Tax Alimony Test Still Matters
    https://vimeo.com/538109091
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/4/17/2021-04-19-why-the-federal-tax-alimony-test-still-matters
     
    This week we look at:
    Cover letter from state judge was part of the divorce documents
    PLR discusses medical expense definition
    IRS announces gift tax return due date remained April 15
    Only overpayments existing at April 15 can be applied to quarter one 2021 estimate payment
    39 min
  • Federal Tax Update: Overpaying on May Extensions
    https://vimeo.com/535514981
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/4/11/2021-04-12-overpaying-on-may-extensions
     
    This week we look at:
    IRS gives guidance on ARPA and the advance premium tax credit for 2020
    CCA issued to give details on apply tax provisions to hard forks of virtual currency
    IRS disagrees with court decision on treatment of defined benefit pension benefit for insolvency
    A restaurant is defined for 100% deduction
    The saga of 2020 Form 1040 overpayments, extensions and first quarter estimates
    47 min
  • Federal Tax Update: Entering Tax Section 51 - Odd Things Happen Here
    https://vimeo.com/532885005
    https://www.currentfederaltaxdevelopments.com/podcasts/2021/4/4/2021-04-05-entering-tax-section-51-odd-things-happen-here
     
    This week we look at:
    IRS gives details on automatic refunds on unemployment exclusion
    Formal notice of extension of time to file 2020 Forms 1040 issued
    IRS updates ERC guidance for the version for first six months of 2021
    A look at the mess that is the issue of whether controlling shareholder wages can qualify for ERC
    55 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…