Spidell's Federal Tax Minute

When to file MFS versus MFJ 26.08.2024 5:07 ↓

This week we're discussing the advantages and disadvantages of filing married filing separate versus married filing joint.

Multifactor authentication is a requirement for tax professionals 15.08.2024 4:36 ↓

This week we're discussing the multifactor authentication requirement for tax professionals to safeguard sensitive client information.

The varied uses of Form 2553 12.08.2024 4:33 ↓

This week we're talking about Form 2553 and the ways it can be used beyond just for making an S corporation election.

Tricks and traps of the credit for electric and hybrid vehicles 05.08.2024 4:33 ↓

This week, we're talking about the credit for electric and hybrid vehicles, and some clarifications to be aware of.

Understanding the mega back-door Roth strategy 29.07.2024 4:22 ↓

This week we're discussing the mega back-door Roth and what's required to be able to take advantage of this strategy.

Update on digital asset reporting 22.07.2024 4:08 ↓

This week, we're covering the latest guidance on digital asset reporting.

Planning for Roth SEP and SIMPLE IRAs 12.07.2024 4:00 ↓

This week we're discussing Roth SEP and SIMPLE IRAs, how to report contributions, and planning tips.

Investing for young adults 08.07.2024 4:09 ↓

This week, we're covering investment strategies for young adults and children.

Social Security simplifies the disability evaluation process 01.07.2024 4:22 ↓

This week, we're covering changes that the Social Security Administration is making to simplify the disability evaluation process.

Final regulations released for increased clean energy project benefits 24.06.2024 3:30 ↓

This week, we're talking about final regulations the IRS has released for increased clean energy project benefits.

Limited partner self-employment tax back in the courts 17.06.2024 4:13 ↓

This week we're discussing limited partners and self-employment tax, and some recent cases on this issue.

New Energy Efficient Home Credit 10.06.2024 4:10 ↓

This week we're covering the requirements for the New Energy Efficient Home Credit available to builders and contractors.

Solar panel payments and property taxes 03.06.2024 3:41 ↓

This week we're covering the tax effects of financing solar panels through the PACE and HERO programs.

Know when a private collection agency call is legitimate 23.05.2024 3:56 ↓

This week we're covering the private collection agencies used by the IRS, and how to know if a call from one of these agencies is legitimate.

Repaying Social Security benefit overpayments 20.05.2024 4:03 ↓

This week we're talking about repaying Social Security benefit overpayments, and some recent policy changes regarding these payments.

When do you need to file an amended income tax return? 13.05.2024 4:07 ↓

This week we're covering when a taxpayer is and is not required to file an amended return.

Homeowners association dues and assessments 06.05.2024 4:02 ↓

This week we're discussing homeowners association dues and assessments and when they're deductible.

Understanding Form 1098-Q 29.04.2024 4:07 ↓

This week, we're covering Form 1098-Q, which provides information on qualified longevity annuity contracts.

ERC relief still available beyond the Voluntary Disclosure Program 18.04.2024 4:30 ↓

This week we're covering two avenues still available for taxpayers who missed the Employee Retention Credit voluntary disclosure program.

The basics of restricted stock units (RSUs) 29.01.2024 4:29 ↓

This week we're covering the basics of restricted stock units including the disposition of stock acquired through restricted stock units and basis issues.

Tax deal funded by ERC claimant and promoter penalties and limiting new applications 23.01.2024 4:12 ↓

This week we're covering the new tax deal that's in the works and how it's tied to the Employee Retention Credit.

Register now to e-file 1099s with the IRS 12.01.2024 3:51 ↓

This week we're covering the IRS's online portal for filing 1099s and some tips for using it.

IRS business tax account system expanded 08.01.2024 3:08 ↓

This week we're covering recent updates to the IRS's new business tax account system.

The basics of §529 plans 30.12.2023 4:29 ↓

This week we're covering §529 plan basics regarding contributions, distributions, and which expenses qualify.

When are limited partners subject to self-employment tax? 21.12.2023 4:11 ↓

This week we're covering a recent Tax Court case that looked at the applicability of self-employment tax to limited partners.