Spidell's Federal Tax Minute

New form and transition guidance for car loan interest deduction 27.10.2025 4:12 ↓

This week we're covering new IRS Form 1098-VLI for the claiming car loan interest deduction and transition guidance for the car loan interest reporting requirements.

Updates to the 2025 Form 1040 20.10.2025 4:01 ↓

This week we're covering updates that have been made to the 2025 Form 1040.

Prepare now for Form 1099-DA 10.10.2025 3:56 ↓

This week we're covering Form 1099-DA reporting requirements.

Reduced PTIN fee and new sign-in process 06.10.2025 4:45 ↓

This week we're covering the recently reduced PTIN fee and the new process for signing in to the PTIN system.

Requesting a PLR following a fraudulent transfer from a retirement account 29.09.2025 4:35 ↓

This week, we're covering using a private letter ruling to waive the 60-day rollover requirement for fraudulent transfers from a retirement account.

Draft 2026 tax year Forms W-2 and W-4 released 22.09.2025 4:20 ↓

This week we're covering some 2026 draft forms the IRS released, specifically the draft W-2, Schedule 1-A, and W-4.

OBBBA winners and losers 15.09.2025 4:43 ↓

This week we're covering which taxpayers are winners and which are losers under the provisions of the One Big Beautiful Bill Act.

IRS continues to expand individual tax accounts online 03.09.2025 3:16 ↓

This week we're covering further expansion of the IRS's online individual tax accounts.

OBBBA expansion of IRC §529 qualified higher education expenses 29.08.2025 4:29 ↓

This week, we're covering the expansion of IRC §529 qualified higher education expenses under the One Big Beautiful Bill Act.

The basics of new Trump accounts 25.08.2025 4:09 ↓

This week, we're covering the new Trump accounts that were established under the One Big Beautiful Bill Act.

Enhanced family credits under OBBBA 18.08.2025 4:58 ↓

This week we're covering three of the enhanced credits under the One Big Beautiful Bill Act.

New personal exemption for seniors under OBBBA 11.08.2025 4:03 ↓

This week we're covering the new personal exemption for seniors under the One Big Beautiful Bill Act.

OBBBA changes to the SALT deduction limitation 01.08.2025 3:54 ↓

This week we're covering changes made to the state and local tax deduction limitation under the One Big Beautiful Bill Act.

Depreciation provisions under OBBBA 28.07.2025 4:41 ↓

This week, we're covering four important depreciation provisions contained in the One Big Beautiful Bill Act.

OBBBA changes to the charitable contribution deduction 21.07.2025 3:51 ↓

This week we're covering changes to charitable contribution deductions made by the OBBBA.

OBBBA changes to energy credits and incentives 14.07.2025 4:10 ↓

This week we're covering the changes to various energy credits and incentives under the OBBBA.

Tips for lowering Medicare premium adjustments 07.07.2025 4:28 ↓

This week we're covering Medicare's income-related monthly adjustment amount, and what taxpayers can do to lower this monthly surcharge.

Tax ramifications of recovering stolen cryptocurrency 30.06.2025 4:57 ↓

This week we're covering the tax ramifications of claiming a theft loss deduction for stolen cryptocurrency.

Expanded business tax account 23.06.2025 4:09 ↓

This week we're covering the latest expansion of the IRS's Business Tax Account online self service tool for business taxpayers.

Taxpayers electing to split gifts need to attach statement 16.06.2025 3:42 ↓

This week, we're covering the new process for making a gift splitting election on Form 709.

Tips, overtime, and auto interest provisions in OBBBA 06.06.2025 4:16 ↓

This week, we're covering the tips, overtime, and auto interest provisions in the tax bill that's working its way through Congress.

Podcast: The pros and cons of using AI tools in tax practice 02.06.2025 4:37 ↓

This week, we're covering the pros and cons of using AI tools in your tax practice.

SALT cap expansion may be a mixed bag for passthrough entity owners 23.05.2025 5:22 ↓

This week we're covering proposed changes that the pending tax bill would make to the state and local tax deduction limit.

House Ways and Means Committee releases draft tax legislation 19.05.2025 4:37 ↓

This week, we're covering some of the key provisions in the draft tax legislation that was released on May 12.

Solving Form 1099-K matching problems 12.05.2025 4:56 ↓

This week, we're covering Form 1099-K matching problems and how to solve them.