FICPA Podcasts

https://player.vimeo.com/video/334209666

https://www.currentfederaltaxdevelopments.com/podcasts/2019/5/4/2019-05-06-fragile-handle-with-care-s-corporations

Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations

Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense

State tax refundable credit in excess of taxes is taxable income to taxpayer

IRS expands determination letter to cover a limited number of existing plans

LLC operating agreement adoption terminates S election

https://vimeo.com/332850949

https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/27/2019-04-29-qampa-33-the-irs-faq-says-what

Current Federal Tax Developments for the week of April 29, 2019: Q&A 33 - The IRS FAQ Says What?

Taxpayer finds expense can’t be assigned to business based on best result

IRS greatly expands the FAQ on Section 199A, including a major surprise to many on handling S corporation shareholders

IRS updates the EPCRS program to add more self-correction options

Chief Counsel Email holds that using a PEO does not allow a partner to be treated as the employee of partnership

https://player.vimeo.com/video/331563967https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/20/2019-04-22-irs-gets-busy-after-tax-season

Draft forms issued to be used to report §199A deduction on 2019 returns Proposed regulations address NRA potential current beneficiaries of ESBTs that are also grantor trusts Memorandum address impact of §318 attribution rules on §1372 and self-employed health insurance deduction Second (and maybe final) set of proposed regulations on opportunity zone issues Ninth Circuit decides IRS regulations did remove the ability to use common law mailbox rule to prove timely filing   Click to listen to the audio .

https://player.vimeo.com/video/330824587https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/16/2019-04-16-still-to-come-on-tcja

§199A - Mainly Post-Final Regulation Issues §163(j) - Proposed Regulations Out, Awaiting Final Regulations Depreciation - Will the Retail Glitch Get Fixed? And When? SALT - Soon to be released final regulations on state tax credits and then what §461(j) - Limit on business losses - where’s the guidance Other areas   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then selecting a location on your

https://player.vimeo.com/video/328828982https://www.currentfederaltaxdevelopments.com/podcasts/2019/4/6/2019-04-08-salt-and-the-home-office

IRS sends proposed regulations on §199A for cooperatives to OIRA for review PMTA outlines intereaction of home office and SALT cap Trade or business definition for instructions in Form 461 issue identified by IRS Second Circuit reverses Tax Court decision that found a tax “black hole”   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then selecting a location on your computer to save the file.

https://player.vimeo.com/video/327455561https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/30/2019-04-01-tax-benefit-rules-and-refunds

Electric vehicle credits for GM vehicles to begin one year phase out IRS gives formal guidance on treatment of state income tax refunds following the TCJA $10,000 cap SALT workaround regulations and related notice sent to OIRA IRS changes requirements to obtain EIN, requires responsible person to have SSN or ITIN Final regulations published on reportable transaction law modifications from 2010   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your

https://player.vimeo.com/video/326056731https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/23/2019-03-25-more-underpayment-relief

QBI and disallowed passive losses Minister’s housing allowance ruled to be acceptable under the U.S. Constitution Pilot had no profit motive for business related to vintage World War II aircraft IRS suspends two Revenue Rulings related to active trade or business issues under §355 Relief from underpayment of estimated tax penalty expanded by IRS   Click to listen to the audio . Alternatively, you may download the file to your computer by right clicking your mouse, choosing "Save Target As", then

https://player.vimeo.com/video/324626985https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/16/2019-03-18-technicalities-and-glitches

Software glitches in the first years under TCJA Lump sum social security benefits are part of MAGI for the premium tax credit Safe harbor statements have to be signed and then attached to electronically filed returns as a PDF Taxpayer’s mistake in listing old address on tax return proves costly Tax Court rejects no harm, no foul view with regard to penalties for filing an S corporation return late   Click to listen to the audio . Alternatively, you may download the file to your computer by right

https://player.vimeo.com/video/322457804https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/9/2019-03-11-199a-return-issues

Look at some items causing confusion over §199A on discussion forums as returns are prepared Treasury announces changes in temporary regulations and subregulatory guidance Recipients of sexual harassment and sexual abuse settlements with confidentiality clause allowed to deduct legal fees Gambling loss triggered by impulse control problem side effect of prescribed drug not a casualty loss Proposed regulations issued for FDII and GILTI IRS no longer plans to issue regulations to bar post-retirement lump-sum

https://player.vimeo.com/video/320947355https://www.currentfederaltaxdevelopments.com/podcasts/2019/3/2/2019-03-04-tax-refunds-and-the-2019-tax-returns

A look at the special rules under §111 for tax benefit and how it impacts state tax refunds from 2018 returns No Fifth Amendment defense against assertion that taxpayer is trafficking under §280E IRS grants extension of time to file returns for farmers and fishermen Tax Court looks at the application of the penalty review process to automated exams IRS gave insufficient notice that a third party would be contacted for information   Click to listen to the audio . Alternatively, you may download the file to