Spidell's Federal Tax Minute

When does collaboration become a partnership? 03.07.2023 4:22 ↓

This week we're covering when a collaboration actually becomes a partnership, because there are distinct factors that courts will look at if the issue arises.

Solar energy credits for residential and business 26.06.2023 4:42 ↓

This week we're discussing which solar energy credits taxpayers can take if they have residential properties with some business use.

Are you claiming the right §199A deductions for self-rentals? 16.06.2023 4:32 ↓

This week we're discussing the rules for self-rentals for the purposes of IRC §199A.

Using Form 5498 for planning opportunities 12.06.2023 5:09 ↓

This week we're talking about the information you can get off of a Form 5498 and how to turn this information into planning opportunities for your clients.

Catch-up contributions to employer-sponsored retirement plans 03.06.2023 3:57 ↓

This week we're covering a SECURE 2.0 Act provision that goes into effect in 2024 affecting catch-up contributions for highly compensated employees.

Do you have to file an FBAR for a foreign retirement plan? 26.05.2023 4:04 ↓

This week we're covering foreign pensions and when there is an FBAR and FATCA reporting requirement.

Do you have to file an FBAR for a foreign retirement plan? 26.05.2023 4:04 ↓

This week we're covering foreign pensions and when there is an FBAR and FATCA reporting requirement.

The basics of restricted stock units 22.05.2023 3:42 ↓

This week we're covering restricted stock units, or RSUs, and some of the basics of this type of stock.

Deductibility of certain medical costs 15.05.2023 4:54 ↓

This week we're covering certain costs for nutrition and general health that may be deducted as medical expenses, as well as costs incurred by taxpayers who travel abroad for medical treatment.

Considerations when choosing a trustee 08.05.2023 4:24 ↓

This week we're discussing some considerations when choosing a trustee.

New beneficial ownership reporting will affect millions of entities 01.05.2023 4:58 ↓

This week we're covering the new beneficial ownership reporting requirement that will affect a large number of entities.

Navigating the clean vehicle credits maze 24.04.2023 3:45 ↓

This week we're covering two of the clean vehicle credits and how to choose between them if a vehicle is eligible for both.

Solar tax incentives expanded under IRA '22 31.01.2023 4:58 ↓

This week we're discussing solar tax incentives that were expanded under the inflation Reduction Act.

Incentive stock options: the basics 23.01.2023 4:08 ↓

This week we're covering some of the basics of incentive stock options and how and when to recognize income.

Incentive stock options: the basics 23.01.2023 4:08 ↓

This week we're covering some of the basics of incentive stock options and how and when to recognize income.

IRS issues guidance on new Clean Vehicle Credit 16.01.2023 4:10 ↓

This week we're covering a Notice and some FAQs the IRS released regarding the new Clean Vehicle Credit.

SECURE 2.0 Act provisions going into effect in 2023 10.01.2023 3:53 ↓

This week we're covering a few of the SECURE 2.0 Act provisions that go into effect in 2023.

SECURE 2.0 Act provisions going into effect in 2023 10.01.2023 3:53 ↓

This week we're covering a few of the SECURE 2.0 Act provisions that go into effect in 2023.

SECURE 2.0 allows for §529 plan rollovers to Roth accounts 30.12.2022 4:10 ↓

This week we're covering one of the provisions of the new SECURE 2.0 Act, which deals with §529 plan rollovers to Roth accounts.

MFS versus MFJ: a primer 23.12.2022 5:23 ↓

This week we're covering the advantages and disadvantages of the married filing separate filing status.

Simplified accounting method change available for research expenses 20.12.2022 4:16 ↓

This week we're discussing a Revenue Procedure that provides for a simplified accounting method change for research expenses.

Simplified accounting method change available for research expenses 20.12.2022 4:16 ↓

This week we're discussing a Revenue Procedure that provides for a simplified accounting method change for research expenses.

Schedule K-2/K-3 domestic partnership exemption expanded and revised 12.12.2022 4:05 ↓

This week we're covering the Schedules K-2 and K-3 domestic partnership exemption, which has been expanded and revised.

IRS's new online 1099 filing system on track to launch 05.12.2022 3:34 ↓

This week we're covering the IRS's new online filing system, which is expected to launch in early 2023.

Consider these year-end tax planning moves 29.11.2022 4:29 ↓

This week we have some tax planning tips to consider before the end of the year.