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:

January 04, 2021Federal Tax Update: Statue of Limitations on Refunds for 2019 Refunds
https://vimeo.com/496486003
https://www.currentfederaltaxdevelopments.com/podcasts/2021/1/2/2021-01-04-statute-of-limitations-on-refunds-for-2019-returns

This week we look at:
Final small business accounting method regulations issued
User fee for estate tax closing letter proposed
3rd Circuit overrides Tax Court on notice of address change to IRS
Due dates for claims for refund for 2020 returns
FinCEN plans to add crypto-currency accounts to FBAR
...more
43min
December 28, 2020Federal Tax Update: ERC Changes That May Never Happen
https://vimeo.com/495015406
https://www.currentfederaltaxdevelopments.com/podcasts/2020/12/27/2020-12-28-erc-changes-that-may-never-happen

This week we look at the 3 employee retention credits in the bill that may never become law - the Consolidated Appropriations Act, 2021:
Taxpayer Certainty and Disaster Relief Act of 2020 versions
Applicable to 2020 retroactively found at §206
Applicable to 2021 only found at §207
Taxpayer Certainty and Disaster Relief Act of 2020 ERC - for non-COVID 2020 disasters
...more
47min
December 21, 2020Federal Tax Update: PPP Loans Version 2.0 Proposal
https://vimeo.com/492921647
https://www.currentfederaltaxdevelopments.com/podcasts/2020/12/19/2020-12-21-ppp-loans-version-20-proposal

This week we look at the proposed revisions to the PPP loan program:
Proposed COVID-19 Relief Bill
Reopen and revise PPP loans
Create second draw need based PPP loan program
Fix the deduction issue
Simplified forgiveness applications (2)
...more
38min
December 14, 2020Federal Tax Update: Paying Tax on 1112 Payments
https://vimeo.com/490384155
https://www.currentfederaltaxdevelopments.com/podcasts/2020/12/13/2020-12-14-paying-tax-on-1112-payments

This week we look at:
IRS issues Q&As on CARES Act §§102 and 103
Tax organizations respond to IRS Commissioner on no penalty relief
SBA issues guidance on tax reporting for CARES Act §1112 payments
SBA adds Q&A on Forms 3509 and 3510
...more
32min
December 07, 2020Federal Tax Update: IRS Security Week
https://vimeo.com/487682632
https://www.currentfederaltaxdevelopments.com/podcasts/2020/12/6/2020-12-07-irs-security-week

This week we look at:
MFA to be available for all online tax products
Commuter highway vehicles and COVID-19
Opt-in IP PIN program going nationwide
Taxpayer willfully failed to report Swiss bank account
...more
38min
November 30, 2020Federal Tax Update: Being Late Proves Costly
https://vimeo.com/484597980
https://www.currentfederaltaxdevelopments.com/podcasts/2020/11/27/2020-11-30-being-late-proves-costly

This week we look at:
A taxpayer is denied permission to file a late mark to market election as a trader
Final regulations are issued related to the TCJA unrelated business income changes
Like kind exchange regulations finalized by the IRS
...more
44min
November 23, 2020Federal Tax Update: A Reasonable Expectation of Forgiveness
https://vimeo.com/482078904
https://www.currentfederaltaxdevelopments.com/podcasts/2020/11/21/2020-11-23-a-reasonable-expectation-of-forgiveness

This week we look at:
IRS rules taxpayers cannot deductions expenses that qualify for PPP loan forgiveness if reasonably expect forgiveness
Revenue Procedure issued for taxpayer who don't get the entire expected forgiveness in the end
IRS adds request for additional information on Schedules K-1 for Form 1120-S for 2020
IRS Commissioner indicates there will not any sort of broad relief for late filing and late payment of taxes
No relief for late filing when CPA firm submitted efile return a few seconds late
IRS updates ERC FAQ to deal with acquisition of employers who had taken out PPP loans
...more
46min
November 16, 2020Federal Tax Update: IRS Throws in the Towel on One SALT Workaround
https://vimeo.com/479550587
https://www.currentfederaltaxdevelopments.com/podcasts/2020/11/15/2020-11-16-irs-throws-in-the-towel-on-one-salt-workaround

This week we look at:
AICPA reports that the IRS is about to release what many will find is unwelcome guidance on expenses expected to be used for forgiveness under PPP loan program
IRS gives up on state entity level taxes on passthrough businesses as a workaround to the TCJA limit on the deduction of state and local taxes
Taxpayer attempts to argue his LLC was acting as an agent for his IRA custodian, but fails to convince the Tax Court
...more
46min
November 09, 2020Federal Tax Update: Slowing Down RMDs - But Not Until 2022
https://vimeo.com/476857165
https://www.currentfederaltaxdevelopments.com/podcasts/2020/11/8/2020-11-09-slowing-down-rmds-but-not-until-2022

This week we look at:
The IRS releases revised tables to compute required minimum distributions from retirement plan accounts - but not until 2022
Taxpayer denied relief from late filing penalties even though he believed his CPA had filed an extension on his behalf
IRS publishes news release indicating relief for certain collection related actions due to COVID-19
...more
39min
November 02, 2020Federal Tax Update: SBAs Coming Questionnaire for Large PPP Loans
https://vimeo.com/474344220
https://www.currentfederaltaxdevelopments.com/podcasts/2020/11/1/2020-11-02-sbas-coming-questionnaire-for-large-ppp-loans

This week we look at
IRS gives guidance to Congressional office on treatment of taxes paid on real estate cooperative
Guidance issued for W-2s to be issued for employers who deferred employee FICA at the end of 2020
SBA announces that a questionnaire will be sent to large PPP loan borrowers regarding need for the loan
...more
52min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.