FICPA Podcasts
by FICPA PodcastsThe 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 professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Copyright: Copyright 2019 All rights reserved.
Episodes
Federal Tax Update: Misleading Silences Are Sometimes Fine in Tax
1h 1m · Publishedhttps://vimeo.com/950819978?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/27/2024-05-27-misleading-silences-are-sometimes-fine-in-tax
This week we look at:
- Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder
- Tax preparer’s conviction for willfully filing false returns upheld on appeal despite his argument he had doing what he did for years
- Letters to taxpayer from IRS Appeals did not extend the time to file suit for a claim for refund
- A partnership had properly elected to use BBA audit provisions early, rendering IRS FPAA invalid
Federal Tax Update: 2024-05-20 ERC Battles Continue
56m · Publishedhttps://vimeo.com/947543909?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/17/2024-05-20-erc-battles-continue
This week we look at:
- DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E
- Filing date relief issued for those impacted by Ohio tornadoes from March
- IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar
- Tax adviser files suit to attempt to force the IRS to start processing ERC claims
- Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)
Federal Tax Update: Changes to CAFs and Process for Tax Pros to Obtain Transcripts
55m · Publishedhttps://vimeo.com/945334377?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/5/12/2024-05-13-changes-to-cafs-and-process-for-tax-pros-to-obtain-transcripts
This week we look at:
- IRS gives update on final results for ERC voluntary compliance program and discusses the future
- The taxpayer’s contract did not make payment contingent on the success of research
- DOJ announces CPA firm barred from promoting CRAT/single premium annuity shelter
- IRS provides information on CAF “under review status” and changes to requesting transcripts
Federal Tax Update: IRS Can Assess Penalties for Failure to File Form 5471 per DC Circuit
51m · Publishedhttps://vimeo.com/943025614?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts
This week we look at:
- IRS releases Fact Sheet on disaster provisions for retirement accounts added by SECURE 2.0 Act
- DC Circuit reverses Tax Court ruling that IRS does not have assessment authority for failure to file a report under IRC §6038(b) (Form 5471)
- Electric vehicle final regulations issued
- Department of Justice begins process to move marijuana from Schedule I to Schedule III which would cause §280E to no longer limit deductions for cannabis businesses
- Lack of any written records on time President/COO spent on activities or even estimate time spent on qualified research activities doomed attempt to claim a credit under IRC §41(a)
Federal Tax Update: No Minimum Attention Required for Supervisor Approval of Penalties per Tax Court
32m · Publishedhttps://vimeo.com/940427506?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/28/2024-04-29-no-minimum-attention-required-for-supervisor-approval-of-penalties-per-tax-court
This week we look at:
- Final regulations issued on credit transfer provisions of the Inflation Reduction Act
- Tax Court rules the law does mandate a minimum level of attention by a supervisor when approving a proposed penalty
- IRS announces the end of the Direct File pilot and will announce the next steps shortly
Federal Tax Update: IRS Extends Limited RMD Relief But Warns They Expect This to Be the Last Time
50m · Publishedhttps://vimeo.com/937007922?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/20/2024-04-22-irs-extends-limited-rmd-relief-but-warns-they-expect-this-to-be-the-last-time
This week we look at:
- IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be the last time
- FinCEN adds more Q&As to BOI FAQ for the first time since January
Federal Tax Update: Tax Court Reverses Position on Validity of Conservation Easement Regulation
30m · Publishedhttps://vimeo.com/929341969?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/31/2024-04-01-tax-court-reverses-position-on-validity-of-conservation-easement-regulation
This week we look at
- Tax Court reverses position on validity of a regulation it had upheld four years ago
- US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate
- IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions
Federal Tax Update: ERC Voluntary Disclosure Program Is Over - What Next
36m · Publishedhttps://vimeo.com/926912400?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/24/2024-03-25-erc-voluntary-disclosure-program-is-over-what-next
This week we look at:
- As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward
- Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill
- IRS issues proposed regulations to make SPA CRAT arrangements listed transactions
- IRS asks Supreme Court to overturn Culp decision
Federal Tax Update: Last Call to Enter ERC Voluntary Disclosure Program
36m · Publishedhttps://vimeo.com/924422473?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/17/2024-03-18-last-call-to-enter-erc-voluntary-disclosure-program
This week we look at:
- FinCEN gives formal notice of appeal of CTA BOI case
- Deadline rapidly approaching for entering first ERC voluntary disclosure program
- Arizona lawmakers write the IRS about tax status of 2023 state rebates
- Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case
Federal Tax Update: FinCEN Announces Enforcement Reaction to Alabama Case
23m · Publishedhttps://vimeo.com/921816386?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/10/2024-03-11-fincen-announces-enforcement-reaction-to-alabama-case
This week we look at:
- FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen
- IRS issues warning about companies peddling “doctor’s notes”
- Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year
FICPA Podcasts has 179 episodes in total of non- explicit content. Total playtime is 130:55:46. The language of the podcast is English. This podcast has been added on August 25th 2022. It might contain more episodes than the ones shown here. It was last updated on May 29th, 2024 17:10.