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:

October 26, 2020Federal Tax Update: Tax Basis Capital Accounts and the 2020 Form
https://vimeo.com/471938009
https://www.currentfederaltaxdevelopments.com/podcasts/2020/10/25/2020-10-26-tax-basis-capital-accounts-and-the-2020-form-1065

This week we look at:
Fees to enter a daily fantasy sports contest is a wager in the view of the IRS
Taxpayers must follow all of the criteria listed in Revenue Procedure to take advantage of the ruling
IRS adds retrieving funds from state unclaimed property fund to list of items for self-certification for late retirement plan rollover
Withholding is required if an employer sponsored retirement plan transfers funds to state unclaimed property fund
Draft instructions for 2020 partnerships released outlining requirement to report K-1 capital accounts on tax basis
CPA denied in attempt to reduce potential liability by claiming failure of another tax adviser in representing client to reduce penalty
Short term extension granted to October 31 to file FBAR reports
...more
1h 2min
October 19, 2020Federal Tax Update: FAQs Not as Protected form Scrutiny as IRS Hoped
https://vimeo.com/469301679
https://www.currentfederaltaxdevelopments.com/podcasts/2020/10/17/2020-10-19-faqs-not-protected-from-scrutiny-as-irs-had-hoped

This week we look at:
PPP forgiveness application deadline is not October 31
Fax line to send in Forms 1045 and 1139 will shut down at the end of 2020
Draft instructions to Form 8895 indicate that IRS not longer seeing charitable deductions as reducing QBI
Taxpayer could not claim accrued expenses to restore manufacturing line until following year
IRS FAQ on EIP for incarcerated individuals is subject to court review
...more
49min
October 12, 2020Federal Tax Update: Simplified PPP Forgiveness Application for Small Loans
https://vimeo.com/466896092
https://www.currentfederaltaxdevelopments.com/podcasts/2020/10/10/2020-10-12-simplified-ppp-forgiveness-application-for-small-loans

This week we look at:
SBA's simplified Form 3508S for PPP forgiveness and the regulations authorizing its use for loans of $50,000 or less
Lenders told what to do when borrowers supply more expense documentation than necessary for full PPP loan forgiveness
Pre-PPPFA loan documents do not need to be modified to obtain PPPFA longer deferral period
QR codes will be added to CP14 and CP14 IA notices beginning later this month
SIFL rates for last half of 2020 published
Taxpayer finds no relief available for payroll taxes paid years earlier on nonqualified deferred compensation that will not paid due to subsequent bankruptcy of the employer
...more
38min
October 05, 2020Federal Tax Update: PPP Loans and Change of Ownership
https://vimeo.com/464599458
https://www.currentfederaltaxdevelopments.com/podcasts/2020/10/4/2020-10-05-ppp-loans-and-change-of-ownership

This week we look at:
Final regulations issued for meals and entertainment
Withholding on retirement and annuity distribution regulations issued
S Corporations get special election for GILTI issues
SBA issues guidance on change of ownership for entities with PPP loans outstanding
...more
53min
September 28, 2020Federal Tax Update: Excess Deductions Will Actually Be Deductible - Final
https://vimeo.com/462232073
https://www.currentfederaltaxdevelopments.com/podcasts/2020/9/26/2020-09-28-excess-deductions-will-actually-be-deductible-final

This week we look at:
IRS issues bonus depreciation final regulations
Excess deductions on termination final regulations are issued
IRS grants relief for CCH e-filing problems on September 1
...more
36min
September 21, 2020Federal Tax Update: Revised Forms Issued for COVID 19 Relief
https://vimeo.com/459712135
https://www.currentfederaltaxdevelopments.com/podcasts/2020/9/19/2020-09-21-revised-forms-issued-for-covid-19-relief

This week we look at:
IRS discusses options for expedited private letter ruling requests
Web page for marijuana industry posted by the IRS
Corporation by law had no shareholders, thus no S election was possible
Draft form to be used by self-employed to claim COVID-19 sick pay credits published
Final version of Form 941-X to be used to revised 2Q 2020 Forms 941 released
...more
32min
September 14, 2020Federal Tax Update: What Is Not Part of a Signature
https://vimeo.com/457524968
https://www.currentfederaltaxdevelopments.com/podcasts/2020/9/13/2020-09-14-what-is-not-part-of-a-signature

This week we look at:
A California decisions discusses the concept of domicile for state residency status
IRS publishes special per diem rates for FY 2020/2021, including high-low rates
Medicaid coverage of COVID-19 testing and diagnostic services is not minimum essential coverage
Tax Court looks at the effective date for a change in innocent spouse provisions
An IP PIN ruled not to be part of the signature for an electronically filed tax returns
...more
53min
September 07, 2020Federal Tax Update: Remember the Secure Act
https://vimeo.com/455078311
https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/29/2020-08-31-excellent-guidance-to-confirm-fears

This week we look at:
IRS loses in an attempt to challenge a contribution of closely held stock to charity
Notice issued giving guidance on retirement plan changes enacted at the end of 2019
Second new version of Form 941 for 2020 released in draft form
Minister discovers he won't qualify to be paid social security or Medicare coverage due to not understanding employment taxes and pastors
IRS publishes web page on BBA Centralized Partnership Audit Regime
...more
57min
August 31, 2020Federal Tax Update: Excellent Guidance to Confirm Fears
https://vimeo.com/452885072
https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/29/2020-08-31-excellent-guidance-to-confirm-fears

This week we look at:
Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income
Payroll tax holiday guidance finally released by Treasury days before holiday is scheduled to begin
IRS temporarily expands and simplifies use of e-signatures
SBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs
...more
55min
August 24, 2020Federal Tax Update: The Week of the Two Letters
https://vimeo.com/450540075
https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/22/2020-08-24-the-week-of-the-two-letters

This week we look at:
Qualified plan loan offset amount proposed regulations issued to deal with TCJA plan loan rollover provision
US Chamber of Commerce and other organizations issue letter describing issues with payroll tax holiday Presidential memo
IRS warns employees to wait to file Forms 941-X on second quarter 2020 941s until new form released in late September
Chair of Ways & Means asks to IRS to pause sending notices that may relate to unopened payments and IRS complies two days later
IRS begins accepting 2019 amended individual returns electronically
Payments of interest on 2019 tax refunds are being paid out to taxpayers
...more
47min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.