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:

August 17, 2020Federal Tax Update: Checks Stuck in the Trailer
https://vimeo.com/448352674
https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/16/2020-08-17-checks-stuck-in-the-trailer

This week we look at:
Taxpayer denied relief for late rollover when taxpayer had "borrowed" funds from IRA Management company was not the customer for rental of vacation home IRS gives relief for taxpayers who end up with dishonored checks due to IRS delays in opening mail SBA updates PPP FAQ with information on insurance as a payroll cost Guidance on interaction of
EIDL advances and PPP loan forgiveness SBA issues IFR on appeal procedures for PPP loans
SBA issues IFR on appeal procedures for PPP loans
...more
42min
August 10, 2020Federal Tax Update: Deferring Employee FICA - Forgiveness
https://vimeo.com/446207863
https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/9/2020-08-10-deferring-employee-fica-forgiveness

This week we look at:
Summary of §163(j) final regulations SBA publishes PPP loan forgiveness FAQ
IRS reminds employers of ability to establish leave sharing plans for employees to provide COVID-19 relief
Proposed revenue procedure released to allow qualified residential living facilities to be §163(j) real estate businesses
IRS updates qualified plan safe harbor distribution notices for SECURE Act and CARES Act changes
President issues memorandum providing for deferral of employee OASDI, but leaves open issue of whether amounts will be forgiven
...more
46min
August 03, 2020Federal Tax Update: Rise of The Syndicates
https://vimeo.com/444036369

https://www.currentfederaltaxdevelopments.com/podcasts/2020/8/2/2020-08-03-rise-of-the-syndicates

This week we look at:
IRS releases multiple regulation project texts on TCJA items
No syndicate relief offered for tax shelters by the IRS for small business accounting or §163(j)
Taxpayers informed how to deal with inventory issues when opting out of application of §471(a)
Forms 3115 for automatic method changes to be faxed in beginning in August
...more
1h 1min
July 27, 2020Federal Tax Update: Third Time to Court on Conservation Easement
https://vimeo.com/441671392

https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/26/2020-07-27-third-time-to-court-on-conservation-easement

This week we look at:
Discussions continue on fourth COVID bill in the Senate
SBA announces the agency will begin accepting lender's documents for PPP loan forgiveness on August 10 (maybe)
IRS releases percentages for the premium tax credit for 2021
IRS position taken for strategic reasons in another conservation easement case doesn't bind the agency in a case with an unrelated taxpayer
Second Circuit agrees with Tax Court that property was not used in a trade or business
...more
48min
July 20, 2020Federal Tax Update:The Tax Court Deals with Debt Issues
https://vimeo.com/439622550

https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/19/2020-07-18-the-tax-court-deals-with-debt-issues

This week we look at:
IRS describes letters issued for Form 7200 when various issues arrive
Loan was nonrecourse since lender did not take route that could have lead to deficiency judgment
Debt failed to be qualified principal residence interest
IRS proposes to add Schedules K-2 and K-3 for international partnership issues
PTIN fees to return next year
...more
44min
July 13, 2020Federal Tax Update: BBA Audit Flowchart
https://vimeo.com/user37230624/download/437684337/5436acc6d3
https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/12/2020-07-13-bba-audit-flowchart

This week we look at:
W2s will report FFCRA sick and FMLA pay to each employee
Congress extends PPP loan program through August 8, 2020
FAQ looks at the tax implications of receiving a CARES Provider Relief Payments
Depreciation limits for vehicles for 2020 released by the IRS
§265(a)(1) does not bar deduction under UBIT rules for a charity
Flowchart for BBA CPAR audit regime published by the IRS
...more
29min
July 06, 2020Federal Tax Update: What is Not Discussed
https://vimeo.com/435341135
https://www.currentfederaltaxdevelopments.com/podcasts/2020/7/4/2020-07-04-what-is-not-discussed

This week we look at:
IRS updates FAQ to discuss PPPFA changes to employer payroll tax deferral rules
Relief granted to allow for changes to be made in 2020 to safe harbor 401(k) plans
IRS outlines issues with marketing materials for CRAT tax shelter being promoted
Memorandum discusses what impact a superseded return has on the statute of limitations for returns filed on extension
IRS announces July 15 deadline will not be extended for 2019 returns
...more
46min
June 29, 2020Federal Tax Update: CARES Fix for the RMDs that Aren't RMDs
https://vimeo.com/433141641
https://www.currentfederaltaxdevelopments.com/podcasts/2020/6/27/2020-06-27-cares-fix-for-the-rmds-that-arent-rmds

This week we look at:
IRS issues clarifications on claiming the employee retention credit
SBA issues formal interim final rules modifying forgiveness rules for PPPFA
Additional final regulations issued under §199A
Proposed regulations released to deal with the TCJA parking lot tax
IRS announces interest will be paid on refunds for returns filed by 7/15/20, with interest starting to accrue at 4/15/20
...more
56min
June 22, 2020Federal Tax Update: CARES Retirement Plan Rules Issued
https://vimeo.com/431226030
https://www.currentfederaltaxdevelopments.com/podcasts/2020/6/21/2020-06-22-cares-retirement-plan-rules-issued

This week we look at:
Revised PPP forgiveness application and some rules to take into account PPPFA changes
Relief granted for PPP loan qualification related to certain felony convictions of owners
CARES special retirement plan provision relief published by IRS
Using the wrong FedEx service to file a Tax Court petition costs taxpayer the option to challenge the IRS in Tax Court
...more
50min
June 08, 2020Federal Tax Update: PPPFA Becomes Law
https://vimeo.com/426768654
https://www.currentfederaltaxdevelopments.com/podcasts/2020/6/7/2020-06-08-payroll-protection-program-flexibility-act-becomes-law

This week we look at:
Payroll Protection Program Flexibility Act of 2020 enacted into law on June 5, 2020
Relief from physical presence rules given to qualified plans
IRS expands Qualified Opportunity Zone relief and extends period for existing relief
IRS returns to tax basis capital computation issues - gives two different proposed methods
...more
59min

FAQs about FICPA Podcasts:

How many episodes does FICPA Podcasts have?

The podcast currently has 481 episodes available.