FICPA Podcasts

https://vimeo.com/1052761467?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/2/2/2025-02-03-a-week-of-tax-court-rulings This week we look at: Tax Court Finds Property Donated to Charity Had a Value Less than One-Third of What Taxpayers Claimed on Return IRS Finds Most Expenses Related to Taxpayers’ In Vitro Fertilization and Surrogacy Will Not Be Deductible Medical Expen...

https://vimeo.com/1050510362?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/26/2025-01-27-boi-sees-supreme-court-action-but-there-a-catch This week we look at: Funds Taken By Sheriff Were a Valid Loan and Not Income from Embezzlement Tax Court Allows a Reduced Deduction for a Conservation Easement CCA Discusses Issues with Activities of a Private Foundation with Regar...

https://vimeo.com/1048354337?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/19/2025-01-20-secure-20-act-proposed-guidance This week we look at: IRS updates residential energy credit Fact Sheet, adds details about the PIN requirements that take effect for 2025 property Proposed regulations on catch-up contributions added by the SECURE 2.0 Act Proposed regulations on th...

https://vimeo.com/1046229873?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/12/2025-01-13-tax-filing-and-payment-relief-for-california-wildfires-and-more This week we look at: IRS Grants Tax Relief to California Wildfire Victims National Taxpayer Advocate’s Report to Congress and Legislative Recommendations Released Third US District Court Issues BOI Reporting Injunct...

https://vimeo.com/1044137813?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2025/1/5/2025-01-06-digital-assets-boi-conservation-easements-and-embezzlement This week we look at: IRS gives relief for specific identification of digital asset basis for certain taxpayers for 2025 only Department of Justice asks the U.S. Supreme Court to Stay the Latest Corporate Transparency Act...

https://vimeo.com/1042629856?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/12/28/2024-12-30-boi-developments-the-gift-that-keeps-on-giving This week we look at: Tomato processing plant reconditioning to put plant back into shape before beginning next harvest-season production failed all events test at end of the prior season Tax Court again imposes functional test in c...

https://vimeo.com/1041577052?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/12/22/2024-12-23-irs-proposes-signficant-revisions-to-circular-230 This week we look at: Automatic accounting method changes related to §174 extended to years beginning in 2024 BOI report - hectic week, but ultimately no resolution yet for initial report due date 2025 mileage rates published by...

https://vimeo.com/1039255455?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/12/14/2024-12-16-irs-expands-business-tax-accounts-features-and-access This week we look at: President signs the two tax bills Congress recently passed DOJ asks for stay of injunction issued by US District Court in Texas on enforcement of the CTA IRS expands Business Tax Account access and servi...

https://vimeo.com/1037207254?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/12/8/2024-12-09-nationwide-injunction-on-boi-reporting This week we look at: Congress enacts two tax laws:  but neither is the big one that passed the House in January but stalled in the US Senate A Texas US District Court has issued a nationwide temporary injunction barring FinCEN from enforcin...

https://vimeo.com/1034833232?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/11/30/2024-12-02-new-form-for-83b-elections This week we look at: IRS releases optional form taxpayer can use to make an IRC §83(b) election IRS extends for one year more a transitional 45-day period to perfect research credit claims found to be invalid claims IRS provides additional relief on t...

https://vimeo.com/1032895071?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/11/24/2024-11-25-ip-pins-divorced-parents-and-children This week we look at: IRS announces program using IP-PIN to allow taxpayers who find a dependent on their return has already been listed on another to get their return processed immediately The ERC Second Voluntary Disclosure Program ends bu...

https://vimeo.com/1030183814?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/11/16/2024-11-18-end-of-partnership-suspense-account-at-the-irs This week we look at: IRS may stop putting “taxpayer may rely” statements on proposed regulations Tax Court rules partnership basis calculations are cumulative in nature and not stand-alone annual calculations under IRC §705 Latest...

https://vimeo.com/1028043753?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/11/9/2024-11-11-post-election-issue-on-tax-bills-and-the-reconciliation-process This week we look at the rules involving the reconciliation process in Congress, the path that it appears most likely any tax bill enacted to deal with the expiration of many TCJA provisions at the end of 2025.

https://vimeo.com/1026160940?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/11/4/2024-11-04-retirement-plan-inflation-numbers This week we look at: Retirement plan limits announced by the IRS, basically completing the tax inflation adjustments for 2025 IRS emailed Chief Counsel Advice outlines dealing with SECA and the net investment income tax issues arising from a BBA...

https://vimeo.com/1023562580?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/10/26/2024-10-28-current-federal-tax-developments This week we look at: IRS releases inflation adjusted numbers for most items aside from retirement plans for 2023 IRS has more bad news for those who fail to pay over trust fund taxes to pay other expenses Another US District Court denies a preli...

https://vimeo.com/1021533441?share=copy#t=0 https://www.currentfederaltaxdevelopments.com/podcasts/2024/10/20/2024-10-21-staking-returns-for-one-more-try-at-court This week we look at: S corporation finds multiple ways to terminate its S status, asks IRS forgiveness which is granted IRS rules condoms are medical expenses for tax purposes IRS adds items to list of preventive care an HDHP can pay wi...

https://vimeo.com/1007507701?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/9/9/2024-09-09-more-boi-report-issues This week we look at: Additional BOI clarifications from online discussions regarding a CPA firm’s reporting obligations and confusions about reporting by entities that don’t register with a state for formation but which do file tax returns

https://vimeo.com/1005595174?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/9/2/2024-09-03-boi-review-time This week we look at: DOJ has scheduled a December 2 hearing on the proposed rule to reschedule marijuana BOI reporting confusions that keep coming up as questions in online discussions - time to review

https://vimeo.com/1002280262?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/24/2024-08-26-irs-erc-notices-of-denial-comments-of-the-taxpayer-advocate This week we look at: IRS announces the reopening of the ERC Voluntary Disclosure Program on somewhat less generous terms then the first program provided National Taxpayer Adviser discusses issues related to ERC Notices of D...

https://vimeo.com/997531886?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/11/2024-08-12-internet-frauds-and-section-165 This week we look at Online scams and tax deductions - why how that online scammer you found on a dating site manages to take your money can make a big tax difference IRS announces next steps in ERC program, will begin sending some checks in September

https://vimeo.com/994852292?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/8/4/2024-08-05-house-passed-tax-bill-fails-to-clear-cloture-vote-in-the-senate This week we look at: Tax bill fails to clear a procedural vote in the Senate, reducing the likelihood we’ll see the bill enacted before this Congress leaves office US District Court declines to issue preliminary injunctio...

https://vimeo.com/991337750?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/28/2024-07-29-more-irs-erc-guidance This week we look at: FinCEN adds two more questions to BOI FAQ page IRS adds five new warning signs for problematic ERC claims and announces new developments coming in ERC enforcement Chief Counsel Memorandum outlines position on tax exempt organizations dealing...

https://vimeo.com/988144718?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/21/2024-07-22-ira-finalizes-rmd-regulations This week we look at: Taxpayer can’t simply rely on tax software when preparing their return, even if they aren’t being nominated for Secretary of Treasury IRS finalizes SECURE Act/SECURE 2.0 Act required minimum distributions regulations IRS proposed reg...

https://vimeo.com/983707444   https://www.currentfederaltaxdevelopments.com/podcasts   This week we look at: FinCEN updates the FAQs for BOI reporting, adding information about entities that cease to exist New Jersey Committee on Unauthorized Practice of Law releases letter outlining when CPAs and EAs may prepare and/or file BOI reports for clients without the assistance of an attorney Another PLR...

https://vimeo.com/980129130?share=copy https://www.currentfederaltaxdevelopments.com/podcasts/2024/7/7/2024-07-08-supreme-court-makes-it-easier-to-challenge-regulations This week we look at End of term US Supreme Court cases that will likely impact challenges to Treasury regulations, overturning the concept of Chevron deference and extending the statute to challenge regulations under the Administr...