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Federal Tax Update Podcast

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Federal Tax Update Podcast Series

Federal Tax Update Podcast Series
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United States

Description:

Federal Tax Update Podcast Series

Language:

English


Episodes

2019-10-21 It's All in the Forms (and Instructions)

10/20/2019
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Current Federal Tax Developments for the week of October 21, 2019: The Details are in Forms (and Instructions) Agents directed to grant relief in certain WOTC situationsForm 1120-S instructions disclose 3 new statements to be required on K-1s for 2019Social security inflation adjusted 2019 numbers officially releasedSecond draft of Form 1065 Schedule K-1 asks for additional information about disregarded entity partnersTAS’s request for a delay while taxpayers facing loss of passport seek...

Duration:00:29:02

2019-10-14 Virtual Currency and Taxes

10/13/2019
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Current Federal Tax Developments for the week of October 7, 2019: Virtual Currency and Taxes IRS expands IP PIN program to 10 more states Question on virtual currency transactions will be on Schedule 1, Form 1040 and 1040SR, along with release of more draft instructions Hard forks of virtual currencies are taxable events per IRS and the rule appears to apply retroactively Additional set of FAQs added for taxation of virtual currencies to IRS website Copyright 2019 Kaplan, Inc.

Duration:00:31:56

2019-10-07 Get Ready for the 2019 Passthrough Forms

10/5/2019
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Current Federal Tax Developments for the week of October 7, 2019 Copyright 2019 Kaplan, Inc.

Duration:00:32:48

2019-09-30 Rentals and the Safe Harbor

9/28/2019
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Current Federal Tax Developments for the week of September 30, 2019: Rentals and the Safe Harbor Copyright 2019 Kaplan, Inc.

Duration:00:34:35

2019-09-23 Zombie Power of Attorney

9/21/2019
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Current Federal Tax Developments for the week of September 23, 2019: Zombie Power of Attorney IRS releases final and new proposed regulations on §168(k) bonus depreciationSettlement offer to be sent to 200 taxpayers under exam for microcaptive structuresGovernment shutdown causes IRS to lose ability to extend statute taxpayer had already agreed to extendPower of attorney not used by son nevertheless left him authorized to act for father, barring claim for extended statuteCPA ordered to turn...

Duration:00:37:18

2019-09-16 Section 451 Week

9/14/2019
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Current Federal Tax Developments for the week of September 16, 2019: §451 Week Copyright 2019 Kaplan, Inc.

Duration:00:40:58

2019-09-08 But I Promise, Really!

9/7/2019
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Current Federal Tax Developments for the week of September 9, 2019: But I Promise, Really! Copyright 2019 Kaplan, Inc.

Duration:00:38:16

2019-09-03 No Horse, No Business

8/31/2019
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Current Federal Tax Developments for the week of September 3, 2019: No Horse, No Business Tax Court finds that taxpayer did not have a trade or business of raising/showing horses since she didn’t have a horseTax Court rejects IRS’s “step in the shoes” theory for gifted partnership interest with interest from debt-financed distribution received by donorIRS accepts court’s revision of IRA beneficiary, surviving spouse allowed to treat IRA as her ownCoffeehouse was not a §501(c)(3) charitable...

Duration:00:36:49

2019-08-26 Watching Paint Dry Doesn't Count

8/24/2019
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Current Federal Tax Developments for the week of August 26, 2019: Watching Paint Dry Doesn’t Count Copyright 2019 Kaplan, Inc.

Duration:00:38:45

2019-08-19 George M Would Be Proud

8/17/2019
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Current Federal Tax Developments for the week of August 19, 2019: George M Would Be Proud... Taxpayer “wins” on a Cohan style case, but things don’t really go well Qualified plan distribution is part of taxable income for the taxpayer even if the taxpayer doesn’t cash the check An estate cannot avail itself of the economic disability tolling of the statute of limitations (and it wouldn’t have mattered anyway). IRS to send out estimated tax penalty refund checks to 400,000...

Duration:00:35:13

2019-08-12 Toto Needs Sales Tax Money

8/10/2019
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This week we look at: Boyle Copyright 2019, Kaplan, Inc.

Duration:00:31:22

2019-08-05 About That Bitcoin

8/2/2019
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Current Federal Tax Developments for the week of August 5, 2019: About that Bitcoin... Copyright 2019, Kaplan, Inc.

Duration:00:38:14

2019-07-29 1982 Tax Form Nostalgia Week

7/26/2019
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Current Federal Tax Developments for the week of July 29, 2019: 1982 Tax Form Nostalgia IRS releases final regulations on §501(c)(4) noticeTaxpayers who paid certain French taxes may have refund opportunitiesSix new compliance initiatives announced by IRSMinor relief granted to file superseding returns to some CPAR covered partnershipsIRS releases a new draft version of Form 1099-NEC for the first time in 38 years Copyright 2019 Kaplan, Inc.

Duration:00:37:44

2019-07-22 The Short Lived 1040 Postcard

7/19/2019
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Current Federal Tax Developments for the week of July 22, 2019: The Short-Lived 1040 Postcard Copyright 2019 Kaplan, Inc.

Duration:00:41:01

2019-01-15 Fixing Typos Proves to Be Hard

7/14/2019
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This week we look at: Taxes-Security-Together Checklist for tax professionals issued by the IRS Tax Court found that taxpayer was victim of a bookkeeping error and had sent IRA rollover contribution to custodian, late rollover allowed IRS discovers 31 years after the fact that a typo fix never was picked up in the Code of Federal Regulations Frequently asked questions page issued to explain TCJA change to §704(d) partner basis limits on charitable deductions and foreign taxes Copyright...

Duration:00:40:07

2019-07-08 Congress Enacts Taxpayer First Act of 2019

7/6/2019
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Update for the week of July 8, 2019. This week we look at: The Taxpayer First Act of 2019, signed into law on July 1, 2019 The Supreme Court decides one trust due process case is enough for a single term IRS proposed a change in MEP to allow a solution to the one bad apple problem IRS goes back to issuing guidance via website FAQs, this time for QOFs Employers will be able to truncate SSNs on W-2s given to employees--but not right away IRS finalizes regulations barring partnerships...

Duration:00:53:02

2019-07-01 About That Drive from Florida to South Africa

6/30/2019
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Current Federal Tax Developments for the week of July 1, 2019: Copyright 2019, Kaplan, Inc.

Duration:00:40:15

2019-06-24 Supreme Court Just Says No

6/22/2019
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Current Federal Tax Developments for the week of June 24, 2019: SCOTUS Just Says No Proposed regulations issued on qualified agricultural cooperatives US Supreme Court rules mere residence of beneficiary not enough to all state to tax entire income of trust Taxpayer had a proper claim of right situation when she paid ½ of wages paid back by ex-spouse IRS finalizes non-resident alien ESBT regulations Copyright 2019, Kaplan, Inc.

Duration:00:34:20

2019-06-17: Bring on the New HRAs

6/16/2019
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This week we look at: IRS to stop faxing transcripts, only mail them to taxpayer’s address of record Final regulations issued for state tax credit donations and new way to report credit as tax paid IRS finalizes regulations creating two new HRAs Copyright 2019, Kaplan, Inc.

Duration:00:41:05

2019-06-10 Being Yourself in Business

6/9/2019
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This week we look at S corporation status lost when SMLLC shareholder adds a new interest holder Tax Court does not accept author’s attempt to treat a portion of her income as not self-employment income IRS releases employer tables and worksheets for TCJA-aware draft Form W-4 TIGTA finds that LB&I imposes accuracy-related penalties at lower rate than does SE/SE Envelope used to file Tax Court petition lacked postmark, taxpayer could not explain delivery much later than would be expected...

Duration:00:46:21