FICPA Podcasts

https://player.vimeo.com/video/291273529https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/22/2018-09-24-is-this-reasonable

Tax Court allows a taxpayer to try and prove reasonable reliance on indirect legal advice Updated safe harbor explanations for plan distributions issued by IRS IRS delays major revision to Form W-4 to 2020 Relief announced for victims of Hurricane Florence 2018-09-24 Is This Reasonable? from Kaplan Accounting CE on Vimeo .   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/290069156https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/15/2018-09-17-are-349-filings-unconstitutional

South Dakota enacts remote seller law to implement Wayfair decision beginning November 30 Colorado tests the limits of Justice Kennedy’s holdings in Wayfair Even though records were imperfect, Tax Court finds taxpayer was a real estate professional Opportunity Zone regulations at OMB, expected out around end of the month IRS rules math error procedures can be used even after refunds are issued 2018-09-17 Are 349 Filings Unconstitutional from Kaplan Accounting CE on Vimeo .   Click to listen to the

https://player.vimeo.com/video/288822347https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/7/2018-09-10-salt-clarification-well-not-really

South Dakota to hold a special session so the state can begin to take advantage of their victory in the Wayfair case Taxpayer who withdrew IRA funds based on a notice of intent to levy cannot escape 10% additional tax IRS clarifies the application of the proposed SALT regulations leading to a bevy of questions IRS memorandum concludes seismic fees for offshore drilling must be amortized and cannot be treated as intangible drilling costs President issues an Executive Order for DOL and Treasury to consider

https://player.vimeo.com/video/287838155https://www.currentfederaltaxdevelopments.com/podcasts/2018/9/1/fq9plkmvcdxs8hknv0762fw3flir1n

IRS warns tax professionals about FTC’s Safeguards Rule for confidential data Clarification of how change in exemption amounts will apply to items tied to exemption amounts Lessee is not able to claim conservation deduction for facade easement Letter ruling approves program where employer makes plan contribution for employees who pay on their student loans Taxpayer allowed extra time for late rollover where she had relied on spouse for tax and financial matters when couple separated while rollover

https://player.vimeo.com/video/286686228https://www.currentfederaltaxdevelopments.com/podcasts/2018/8/25/2018-08-27-state-tax-credits-take-a-hit

Taxpayers creating multiple entities to try and avoid double taxation of C corporation income find their plan fails IRS issues SALT workaround regulations and affect both new and pre-existing state tax credit programs Modifications made to automatic accounting method revenue procedure to deal with S corporation revocations under special TCJA rule Guidance provided on applying the rules to compute UBTI separately for each trade or business 2018-08-27 State Tax Credits Take a Hit from Kaplan Accounting CE on

https://player.vimeo.com/video/285648489https://www.currentfederaltaxdevelopments.com/podcasts/2018/8/18/2018-08-20-irs-stays-quiet-states-keep-going

Oregon Supreme Court rules no physical presence required to be subject to corporate income tax Idaho sends out notices to retailers that it’s moving forward with affiliate rule for collecting sales tax IRS prevails over AICPA on question of issuing credential for unenrolled tax preparers AICPA sends comments to the IRS and Treasury on S corporation and Section 461(l) issues following TCJA 2018-08-20 IRS Stays Quiet, States keep Going from Kaplan Accounting CE on Vimeo .   Click to listen to the audio

https://player.vimeo.com/video/283240602https://www.currentfederaltaxdevelopments.com/podcasts/2018/8/4/2018-08-06-tcja-guidance-appears

Proposed regulations for 965 are issued, others on state and local tax workarounds submitted to OMB Majority of states that impose a sales tax now have published post-Wayfair remote seller collection requirements and start dates Proposed regulations on which taxpayers may rely issued on bonus depreciation Automatic accounting method change guidance issued for TCJA small business accounting methods 529 plan revised guidance to deal with TCJA and other recent changes Guidance issued on additional

https://player.vimeo.com/video/282115994https://www.currentfederaltaxdevelopments.com/podcasts/2018/7/28/2018-07-30-a-199a-glimmer-of-hope

First 199A regulations are sent to OMB for review Minnesota tests whether lower limits than South Dakota will work under Wayfair Utah enacts South Dakota limits for remote sellers Another US District Court agrees that the IRS’s own regulations limit the FBAR willfulness penalty amount Taxpayer stuck with transferee liability after entering into transaction to sell corporation 2018-07-30 A 199A Glimmer of Hope from Loscalzo Institute on Vimeo .   Click to listen to the audio . Alternatively, you may

https://player.vimeo.com/video/281065702https://www.currentfederaltaxdevelopments.com/podcasts/2018/7/21/2018-07-23-taxing-trusts-roadblocks

Two state supreme courts restrict their states’ ability to tax trusts IRS issued PMTA on willfulness for FBAR penalty Forfeitures now can be used to fund QMACs and QNECs IRS discusses the impact on taxable wages of a payroll tax examination Many exempt organizations will no longer have to file Schedule B with Form 990 Proposed regulations issued on due diligence expansion to head of household status added by TCJA 2018-07-23 Taxing Trusts Roadblocks from Loscalzo Institute on Vimeo .   Click to listen

https://player.vimeo.com/video/278832158https://www.currentfederaltaxdevelopments.com/podcasts/2018/7/7/2018-07-09-the-states-strike-backLouisiana looks to adopt its law to fit within Justice Kennedy’s outline of acceptable protections for interstate commerce Alabama, though not a member of SSUTA, will begin requiring collection on October 1 Wisconsin, an SSUTA member but without a de minimis limit, will also want collections on October 1 New Jersey adopts a law that duplicates South Dakota and adds marketplace provisions