FICPA Podcasts

FICPA Podcasts

By FICPA PodcastsBusiness
Download on the App Store

FICPA Podcasts episodes

  • Federal Tax Update: The Sound of Silence

    https://vimeo.com/379496947

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/12/14/2019-12-16-the-sound-of-silence

     

    This week we look at:

    • IRS does not have the discretion to waive repayment of advance premium credit
  • Employer who reimburses employee when transit card fails to function has to include amount in wages per CCA
  • IRS issues more proposed regulations on state tax issues and charitable contributions, but remains silent on passthrough tax issues
  • IRS grants relief from use of tax basis capital account on partnership K-1s for one year

    •  

     

    40 min
  • Federal Tax Update: Bring on the Forms

    https://vimeo.com/378023996

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/12/8/2019-12-09-bring-in-the-forms  

     

    This week we talk about:

    • Final version of 2020 Form W-4 released
  • Final versions of 2019 Forms 1040, 1040-SR, Schedules 2 and 3 released
  • Shortly thereafter, final version of Schedule 1 released still containing question about virtual currency
  • Relief for provision of Forms 1095-B and C
  • Detailed guidance issued for IRS agents on BBA audit procedures
    • 42 min
  • Federal Tax Update: Horses and Hobbies

    https://vimeo.com/376414178

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/29/2019-12-02-horses-and-hobbies 

     

    This week we discuss the following issues:

    • Commissioner rules that insurance payments for pyrrohite damage does not require Forms 1099
  • Horse business found not to be a hobby, losses allowed
  • IRS updates per diem rules for TCJA, following similar update for auto mileage rules
    • 34 min
  • Federal Tax Update: Back to the FAQ

    https://vimeo.com/375141738

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/23/2019-11-25-back-to-the-faq  

     

    Current Federal Tax Developments for the week of November 25, 2019: Back to the FAQ

    • IRS discusses information security responsibilities and risks for tax professionals
  • Rental section added to IRS’s §199A FAQ page on website
  • Final regulations issued on anti-clawback estate/gift tax provisions
  • Only one penalty applied to taxpayer that was both the owner and beneficiary of a foreign trust
    • 37 min
  • Federal Tax Update: Upcoming Features

    https://vimeo.com/373633502

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/16/2019-11-18-upcoming-events

     

    This week we look at

    • Significant TCJA guidance to be issued by end of January 2020
  • PLR allows advisory fees to be paid out of an annuity without trigger taxable income to owner
  • IRS announces enforcement program for syndicated conservation easement programs
  • IRS updates auto mileage rulings for changes made by TCJA
  • IRS found to have attempted to assess tax on Son of BOSS after all statutes had expired
    • 33 min
  • Federal Tax Update: Indexing Week

    https://vimeo.com/372227795

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/11/10/2019-11-11-indexing-week

     

    This week we look at:

    • Federal Circuit shoots down previously successful taxpayer argument that limited maximum FBAR penalty
  • IRS publishes the 2020 inflation adjusted numbers
  • Proposed regulations issued to revise the life expectancy tables for required minimum distributions
  • Retirement plan numbers for 2020 issued by IRS
    • 32 min
  • Federal Tax Update: 2019 Both a Home and an Investment

    https://vimeo.com/370746521

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/26/2018-10-28  

     

    Current Federal Tax Developments for the week of November 4, 2019 Both a Home and an Investment

    • Wisconsin fails in attempt to look to sublease to tax software sales based on computers sold to be used in the state
  • IRS agrees that taxpayer qualifies for both §121 and §1031 for the sale of a former home destroyed by fire
  • Draft Form 1065 and K-1 instructions released by the IRS
    • 30 min
  • Digital Is Eating the World

    Randy Coleman, Wealth Management Advisor shares with Mia Thomas, FICPA Director of Learning - Curriculum Development his path to leadership learning and his upcoming topic at our UF Accounting Conference "Digital is Eating the World".

    10 min
  • Federal Tax Update: Denied Deduction Not Excessive Fine

    https://vimeo.com/368882218

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/26/2018-10-28  

     

    This week we look at:

     

    • California rules on tax issues for directors that have meeting in California
  • Chief Counsel’s office gives guidance on use of secured email exchanges
  • §280E found not to represent an excessive fine even if the Tax Court doesn’t completely agree on why
  • Interim guidance issued to Appeals employees on BBA partnership regime
  • Whistleblower cannot force IRS to reopen an audit that he claimed was woefully inadequate
    • 38 min
  • Federal Tax Update: It's All in the Forms (and Instructions)

    https://vimeo.com/user37230624/download/367612111/a6b2c7a75a

    https://www.currentfederaltaxdevelopments.com/podcasts/2019/10/20/2019-10-21-its-all-in-the-forms-and-instructions  

     

    This week we look at:

    • Agents directed to grant relief in certain WOTC situations
  • Form 1120-S instructions disclose 3 new statements to be required on K-1s for 2019
  • Social security inflation adjusted 2019 numbers officially released
  • Second draft of Form 1065 Schedule K-1 asks for additional information about disregarded entity partners
  • TAS’s request for a delay while taxpayers facing loss of passport seek assistance denied by IRS
    • 30 min

About FICPA Podcasts

From the publisher's feed

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…