FICPA Podcasts

https://player.vimeo.com/video/239257011This Week's Topics

IRS releases inflation adjusted tax factors for 2018 LB&I Division issues guidance on unit of property and major component issues for the mining industry IRS announced retirement plan numbers for 2018 IRS announces nonacquiesence in S corporation/real estate professional decision Anti-Kerr regulations officially withdrawn by the IRS 2017 Returns without health care information will not be accepted for efiling A court decision that appears to arrive at approximately the right place, but for all the wrong reasons

https://player.vimeo.com/video/238200331This Week's Topics

Filing date relief issued by IRS for victims of Northern California wildfires Challenge to minister’s housing allowance exclusion returns to court Tax Court will assert strict subordination requirement for mortgages on conservation easements outside First Circuit Signature no longer required for §754 election Retroactive loss of tax-exempt status going back a decade proves very costly in terms of interest on unpaid tax IRS email discusses potential impact on due date disaster relief and date for assessment of tax

https://player.vimeo.com/video/237220639This Week's Topics

South Dakota petitions the Supreme Court for its Quill challenge Congress passes a Hurricane relief bill Taxpayer did not willfully fail to file FBAR Parents are held liable to repay dependent son’s advanced health insurance credit LB&I announces method that can be used to start with ASC 750 research expenses in computing qualified research expenditures Time off donation programs expanded to cover Hurricane Maria relief donations IRS releases special per diem rates for new fiscal year

https://player.vimeo.com/video/236220903This Week's Topics

Standard deduction and personal exemptions Individual tax brackets Alternative minimum tax repeal Itemized deductions Work, education and retirement issues Estate and GST Tax repeal Business tax rates Expensing of capital improvements Interest expense Other business deductions and credits Offshore corporate earnings Where does this go from here?

https://player.vimeo.com/video/235085305This Week's Topics

Hurricane Irma relief expanded to cover entire state of Georgia Volunteer attorney finds himself in a conflict of interest mess when husband has a change of heart Payment for issues in foreclosure found to create taxable income IRS opens pilot PLR program for D Reorg/Section 355 issues Proposed regulations issued for truncated SSNs on W-2--but not until 2018 W-2s

https://player.vimeo.com/video/234146587This Week's Topics

IRS Extends Harvey Relief to Victims of Irma South Dakota Ready to Ask Supreme Court to Throw Out Quill Massachusetts Releases Regulations That Broadly Define Physical Presence IRS Has Right to Examine First Deceased Spouse Form 706 to Decrease DSUE at Second Death

https://player.vimeo.com/video/233123489This Week's Topics

Section: 72 IRS Memorandum Gives Examples of Applying Plan Loan Grace Period Rules Section: 165 Loss Does Not Qualify for Special Relief Revenue Procedure from Madoff Era And Much More...

https://player.vimeo.com/video/232166465This Week's Topics

Section: 36B Taxpayer Had to Repay Excess Premium Credit Despite Exchange Not Reacting to Notice of Change in Income Section: 73 Loss from Competing in Pageants Reportable on Return of Minor Daughter, Not Parents And Much More...

https://player.vimeo.com/video/231210026This Week's Topics

Section: 162 No Deduction Allowed for Premiums Paid to Related Entity in Microcaptive Structure Section: 401 ESOP Failed to Cover Employees of Related Corporation, Plan Disqualified And Much More...

https://player.vimeo.com/video/229416858This Week's Topics

Section: 166 Moneylending Was a Business for Taxpayer, So Debt Was a Business Bad Debt Section: 170 Proceeds From Sale of Land Used for Farming Is Not Income From Farming or Ranching for Purpose of Expanded Conservation Easement Deduction And Much More...