Podcasts by Federal Tax Update Podcast
Federal Tax Update Podcast Series
Further podcasts by The Ohio Society of CPAs
Podcast on the topic Wirtschaftsnachrichten
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2023-12-11 First ERC Challenge in Court from 2023-12-10T22:21
This week we look at:
- IRS sends out a batch of 20,000 ERC rejection letters
- Employer files suit claiming IRS ERC guidance violated the Administrative Procedures Act
2023-12-04 State Law Limited Partners and Self-Employment Tax from 2023-12-03T21:20
This week we look at:
- FinCEN finalizes extension of due date for initial BOI reports for entities created in 2024
- Tax Court rules that a state law limited partner is not au... Listen
2023-11-20 FinCEN FAQ Update for BOI Reporting from 2023-11-18T23:02
This week we look at:
- IRS clarified FAQ on §139A and backpay for wrongfully incarcerated members of the armed services
- FinCEN adds to the FAQ on beneficial ownership inform... Listen
2023-11-13 IRS Completes Inflation Adjusted Number Lists for 2024 from 2023-11-11T19:31
This week we look at:
- Inflation adjusted numbers for 2024 issued by the IRS
- Minor revisions made in final BOI FinCEN Identifier rules
- The IRS issues its second ERC... Listen
2023-11-06 Retirement Plan Numbers Released for 2024 from 2023-11-04T20:28
This week we look at:
- 2024 inflation adjusted retirement numbers released by the IRS
- MeF 1040 shutdown date announced by the IRS
- Trust found liable for transferee ... Listen
2023-10-30 Boyle Decision Applies to Electronic Filing from 2023-10-29T22:56
This week we look at
- Taxpayers can’t rely on paid preparer as reasonable cause for late filing, even when using electronic filing
- IRS could assert negligence penalty (and o... Listen
2023-10-21 An Offer the Actor Should Have Refused from 2023-10-21T18:58
This week we look at
- PTIN renewals are now open for 2024
- IRS announces program to allow for withdraw of ERC claims
- Actor’s estate loses in attempt to claim he had ... Listen
2023-10-09 EV Credit Transfer to Dealer Guidance Issued from 2023-10-08T16:25
This week we look at
- Sloppy records cost CPA the vast majority of his business deductions
- IRS issues warning about art deduction tax promotions aimed at high-income taxpaye... Listen
2023-10-02 Limited Delay in Some CTA BOI Initial Report Filing Dates from 2023-09-30T20:39
This week we look at:
- IRS reduces PTIN fees substantially
- Wash sale rules do not apply to losses on disposition of money market funds
- IRS highlights new capabiliti... Listen
2023-09-25 FinCEN Issues Guide for Small Business CTA BOI Reporting from 2023-09-23T21:37
This week we look at:
- FinCEN provides guide to small businesses for beneficial ownership reporting under the Corporate Transparency Act
- Taxpayer cannot rely on the mailbox ... Listen
2023-09-18 Halt in ERC Claim Processing for New Claims from 2023-09-16T20:48
This week we look at:
- Just having a CPA prepare a taxpayer’s return does mean the taxpayer will get reasonable cause relief for assessments
- IRS announces halt to processing... Listen
2023-09-11 Better Late Than Never Section 174 Guidance Arrives from 2023-09-10T22:11
This week we look at:
- IRS make last minute change to K-2/K-3 FAQ for 2022 returns
- Preliminary guidance for §174 changes made in TCJA that took effect in 2022 issued by the ... Listen
2023-09-05 Electronic Filing of Information Return Mandate Issues from 2023-09-02T19:10
This week we look at:
- HHS sends letter to DEA recommending that marijuana be reclassified as a Schedule III drug
- General guidance issued determining tax... Listen
2023-08-28 Week of IRS Delaying Requirements from 2023-08-27T22:42
This week we look at:
- Proposed regulations issued for digital asset broker reporting on Form 1099-DA
- IRS delays requirement for high income employees to make employer plan ... Listen
2023-08-21 Renting the Owner's Homes to Their Business Didn't Work as Well as Expected from 2023-08-20T22:27
This week we look at:
- Limited relief likely coming for beneficial ownership reporting
- IRS being challenged in an attempt to treat state law limited partners as receiving SE... Listen
2023-08-14 IRS Issues Warning for Certain ESOP Programs from 2023-08-12T23:39
This week we look at:
Deduction for non-qualified deferred compensation not accelerated for the seller when the liability is transferred to the buyer of a business
Tax professional...
2023-08-07 IRS Finally Tells Us Their Position on Staking Rewards from 2023-08-05T23:07
This week we look at:
- IRS rules cryptocurrency staking rewards are taxable when taxpayer obtains dominion and control
- Interim guidance issued for home energy audit tax cred... Listen
2023-07-31 The ERC Hearing Before Congress Left for the August Recess from 2023-07-30T22:07
This week we look at:
- Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program
- IRS ending most announced re... Listen
2023-07-24 IRS Makes Clear Its Position on Extended Supply Chain ERC Claims from 2023-07-23T23:52
This week we look at:
- IRS memo makes it clear the agency is very skeptical about extended supply chain ERC claims
- Third Circuit rules that equitable relief is available for... Listen
2023-07-17 IRS Extends RMD Relief by One Year from 2023-07-16T23:11
The IRS looks at:
- IRS extends SECURE Act inherited IRA RMD relief for one additional year, adds special rollover rule for those born in 1951 due to SECURE 2.0 Act changes<... Listen
2023-07-10 Research Credit Blues from 2023-07-09T23:55
This week we look at:
- S corporation loses on research credit claim and gets hit with penalties - risks of a credit study
- Exempt organization status denied for organization ... Listen
2023-07-03 Supreme Court, Protective Claims and 965 Transition Tax from 2023-07-03T17:42
This week we look at:
- Supreme Court takes on §965 transition tax case for upcoming term: what do we do to protect our clients?
- The IRS releases draft versions of key 2023... Listen
2023-06-26 Sherlock Holmes and Tax Research from 2023-06-25T23:41
This week we look at:
- IRS ends COVID-19 relief for high deductible health plans effective for plan years ending after 12/31/24
- Taxpayer fails in attempt... Listen
2023-06-19 What Could Be the Harm of Filing an ERC Claim? from 2023-06-22T21:27
This week we look at
-
OIRA is no longer going to review IRS regulations before issuance
-
IRS updates list of a...
Listen
2023-06-12 Opening Offer in Negotiations for 2023 Tax Package from 2023-06-12T00:04
This week we look at:
- 3 proposed tax bills introduced by Chair of House Ways & Means Committee
- Wellness indemnification payment is taxable income to employee and subject to... Listen
2023-06-05 Hobby Losses Expenses Effectively Nondeductible from 2023-06-05T00:45
This week we look at:
- Fourth Circuit does not agree with view expressed by Seventh Circuit in Menard, Inc. that C corporation reasonable compensation only depends on a reasonable re... Listen
2023-05-30 Failure to File Claim Via Certified Mail Was a Bad Idea from 2023-05-29T22:39
This week we look at:
- Tax Court finds they have no authority to review the IRS notice for certification of seriously delinquent tax debt to State Department
- IRS publishes w... Listen
2023-05-22 Supreme Court and IRS Giving Notice of Summons from 2023-05-21T23:14
This week we look at:
- Supreme Court rules in favor of IRS on issue of when notice must be sent when the IRS issues a third-party summons
- IRS agent gets ... Listen
2023-05-15 The PEO and Your ERC Refund from 2023-05-14T21:31
This week we look at:
- IRS email discusses issues that arise with payroll tax refunds when a PEO is involved who itself has unpaid tax liabilities
- Letter ruling provides tha... Listen
2023-05-08 Time Zones and Timely Electronic Filings from 2023-05-07T23:04
This week we look at:
- IRS issues CCA making clear how strict the §125 substantiation rules are
- Taxpayer’s lack of documentation forces him to accept preparer’s gross gambli... Listen
2023-04-23 Catching Up After Tax Season from 2023-04-23T21:35
This week we look at:
- Another taxpayer fails to establish either spouse as a real estate professional
- SPIFF was not a separate trade or business
2023-04-02 EV Battery Rules Released from 2023-04-02T23:02
This week we look at:
- IRS announces non-acquiescence in Tax Court case on taxpayer asserting substance over form
- IRS highlights bad tax advice on social media
- IRS ... Listen
2023-03-26 ERC Scams Lead the Dirty Dozen from 2023-03-26T22:03
This week we look at:
- IRS begins 2023’s Dirty Dozen Tax Scams with problematical ERC refund claims
- IRS announces position on evaluating when a non-fungible token is a colle... Listen
2023-03-20 Taxes and Medical Expenses from 2023-03-19T22:57
This week we look at:
- Trust that was meant to be a CRAT found not to be one and attempted fix was too late and not undertaken correctly
- PLR looked at wh... Listen
2023-03-13 Seaview Trading Reversed in Ninth Circuit from 2023-03-12T22:21
This week we look at:
- IRS and OPR issue separate warnings on ERC claims
- Ninth Circuit reverses Seaview Holdings LLC decision after en banc hearing, part... Listen
2023-03-06 Non Willful FBAR Penalty is on a Per Form Basis from 2023-03-04T22:12
This week we look at:
- Deposit and use by sheriff of jail meal money not found to be a mere misunderstanding
- Amounts taxpayer expected to repay with future earnings found no... Listen
2023-02-27 More Information Returns Required to be E-Filed from 2023-02-26T22:55
This week we look at:
- Proposed regulations issued for retirement plan forfeitures
- OIRA completes review of crypto broker proposed regulations, expected to be issued shortly... Listen
2023-02-20 IRS Starts Allow Some Online Upload of Documents for Notices from 2023-02-19T23:57
This week we look at
- IRS announces program to accept upload of documents in response to some, but not all, notices to taxpayers
- SECURE 2.0 Section 603 drafting glitch puts ... Listen
2023-02-13 State Payment Relief for Taxpayers from 2023-02-11T22:57
This week we look at:
- IRS relents to pressure, releases guidance on state payment programs’ taxability (generally it’s good news)
- IRS begins offering direct deposit for For... Listen
2023-02-06 Reconsidering EV SUVs from 2023-02-05T22:37
This week we look at:
- IRS revises classification of clean vehicles for purposes of determining vehicles subject to $80,000 MSRP limit
- Proposed revenue procedure published t... Listen
2023-01-30 Welcome to IRIS from 2023-01-30T00:26
This week we look at:
- IRS begins accepting 2022 income tax returns
- Listen
2023-01-23 IRS Says Phones Are Improving from 2023-01-22T23:22
This week we look at:
- IRS provides an extended due date for some in Alabama and Georgia impacted by storms
- IRS announces 10 minute response time on Practitioner Priority Li... Listen
2023-01-16 The IRS Memos on Cryptocurrency from 2023-01-15T14:13
This week we look at:
- IRS begins accepting returns on January 23
- California taxpayers get due dates delayed until May 15
- Amended return research credit additional ... Listen
2023-01-09 S Corporation Warts Review from 2023-01-09T00:15
This week we look at issues that arise with S corporations.
ListenSECURE 2.0 Act of 2022: A Quick Summary from 2023-01-02T19:12
Congress passed the SECURE 2.0 Act of 2022 that was signed into law on December 29, 2022. This program gives a brief overview of the provisions of this Act that will help tax professionals advis...
Listen2023-01-03 Vehicle Credit Guidance End of Year Extravaganza from 2023-01-02T16:06
This week we look at:
- IRS to issue regulations for definitions for new clean vehicle credit
- List published on IRS website to assist in determining if a vehicle could qualif... Listen
2022-12-27 IRS Delays Expanded Form 1099 K Reporting Requirements from 2022-12-26T17:44
This week we look at:
- Congress passes spending bill which included SECURE 2.0 Act of 2022
- Final Schedules K-2 and K-3 instructions issued for Form 1120S
- IRS delays... Listen
2022-12-19 IRS Looks at Plan That Claims to Defer Recognition of Legal Fee Income from 2022-12-19T00:07
This week we look at:
IRS memorandum looks at marketed program to defer recognition of legal fees
Automatic change of accounting method procedure released by the IRS
IRS pub...
Listen2022-12-12 Try Two on K-2 and K-3 Instructions from 2022-12-11T22:43
This week we look at:
- IRS releases second draft of instructions for preparing 2022 Schedules K-2 and K-3 for partnerships and S corporations
- IRS begins issuing proposed reg... Listen
2022-12-05 So Many Ways to Entirely Lose a Loss Deduction from 2022-12-04T19:36
This week we look at:
- IRA 2022 prevailing wage and apprenticeship requirement guidance issued by the IRS
- Taxpayers denied partnership loss due to a large number of issues, ... Listen
2022-11-28 Difficulties Using LLC as Legal Entity for S Corporation from 2022-11-27T19:56
This week we look at:
- Damage award found to not be for physical injuries, entire amount taxable
- Partnership language in LLC operating agreement revision terminated S corpor... Listen
2022-11-21 IRS News Releases from 2022-11-20T23:24
This week we look at:
- IRS news releases this week on:
- Qualified charitable distributions
- Seventh Annual National Tax Security Awareness Week
2022-11-14 Impacts of the Election on Tax from 2022-11-13T20:49
This week we look at:
- Tax Court finds that adding to listed transactions requires IRS to comply with Administrative Procedures Act
- Election results and likely tax actions i... Listen
2022-11-06 S Corporation Schedule K-2 and K-3 Draft Instructions Also Released from 2022-11-06T15:45
This week we look at:
- IRS releases Form 1120-S Schedule K-2 and K-3 draft instructions with similar exceptions to Form 1065 version
- <... Listen
2022-10-31 Partnership Schedule K-2 Draft Instructions Issued from 2022-10-30T13:49
This week we look at:
- It’s PTIN renewal time again and the IRS has released a news release announcing the fact
- IRS publishes draft 2022 Form 1065 Schedules K-2 and K-3 inst... Listen
2022-10-24 Two Sets of Inflation Adjusted Numbers Released by IRS from 2022-10-22T17:37
This week we look at:
- IRS announces and appears to roll out pilot program to block automated calling systems
- 2023 inflation adjusted general tax amounts released by the IRS... Listen
2022-10-10 SECURE Required Minimum Distribution Relief from 2022-10-08T20:56
This week we look at
- AICPA writes the IRS again on issues with PTET taxes
- SECURE Act Proposed Regulations RMD rules for inherited accounts in pay status effective date dela... Listen
2022-10-02 Beneficial Owner Reporting Requirement Coming in 2024 from 2022-10-02T21:10
This week we look at:
- FinCEN releases final regulations that will require beneficial owner reporting for small LLCs and corporations
- IRS updates FAQ for state and local fis... Listen
2022-09-26 IRS News Releases Emphasizing Recent Guidance from 2022-09-24T21:35:31
This week we look at:
- IRS issues reminder on penalty relief deadline that makes some modifications
- IRS publishes another news release pushing the CCA on improper PPP loan f... Listen
2022-09-19 New PPP Loan Tax Guidance Appears from 2022-09-18T20:35:59
This week we look at:
- IRS memorandum states that PPP loan forgiveness is taxable if taxpayer did not actually qualify for forgiveness granted
- AICPA adds to items requested ... Listen
2022 09 11 Proposed EARN Act from 2022-09-11T19:55:27
This week we look at:
- Chair and Ranking Member of the Senate Finance Committee send Enhancing American Retirement Now (EARN) Act to the Senate floor
- IRS inadvertently makes... Listen
2022-08-29 IRS Releases Penalty Relief from 2022-08-28T21:35:33
This week we look at:
- Trust terms mean estate gets no deduction for marital or charitable contribution for specified payment value
- IRS provides for broad penalty relief for... Listen
2022-08-22 First IRA 2022 Guidance Released from 2022-08-21T21:48:41
This week we look at
- Inflation Reduction Act of 2022 signed into law on August 16, 2022
- Listen
2022-08-14 Highlights of the Inflation Reduction Act of 2022 from 2022-08-14T22:08:04
The House and Senate pass the Inflation Adjustment Act of 2022 and we look at some key provisions:
- Increase in funding at the IRS
- Continuation of 2021-2022 Premium Tax Cred... Listen
2022-08-08 Revised Virtual Asset Question for 2022 Form 1040 from 2022-08-08T00:48
This week we look at:
- IRA 2022 passes the Senate with revisions, House to take it up this week and may vote on Friday
- Listen
2022-08-01 IRA of 2022 - Will It Pass and What Is In It from 2022-08-01T00:56:44
This week we look at:
- Proposed Inflation Reduction Act of 2022 - will it pass and what’s in it?
- Taxpa... Listen
2022-07-25 You Can't Rely on Your Accountant Spouse from 2022-07-24T23:17:58
This week we look at:
- IRS wants preparers to advise clients to opt-in to IP-PIN program.
- TAM holds that an activity that is treated as a material participation activity for... Listen
2022-07-18 Lack of a 1099 and Reasonable Cause from 2022-07-17T20:28:28
This week we look at:
- Reconciliation bill talks stall in Congress
- Taxpayer loses on charitable contribution deduction due to failure to give entire interest and lacking pro... Listen
2022-07-11 IRS Liberalizes Late Portability Election Relief from 2022-07-10T23:19:35
This week we look at:
- Discussions start up again for reconciliation bill.
- IRS extends automatic late portability election relief to five years
- Federal tax lien att... Listen
2022-07-05 TAS Starts Accepting Referrals from Congress from 2022-07-04T18:58:23
This week we look at:
- Taxpayer Advocate Service begins accepting referrals on 2021 and earlier original & amended returns from Congressional offices
- Car dealer had more tha... Listen
2022-06-27 IRS Falling Further Behind Dealing with Paper from 2022-06-26T20:22:46
This week we look at:
- Senate Finance Committee takes action on retirement bill
- IRS and National Taxpayer Advocate release information on processing paper tax returns <... Listen
2022-06-18 Innocent Spouse Does Not Work for Payroll Tax Issues from 2022-06-18T16:29:32
This week we look at:
-
Foreclosure proceeds could have paid interest on second mortgage, but taxpayer unable to show it was so applied Listen
2022-06-13 Car Mileage Rate Increases from 2022-06-12T23:22:46
This week we look at:
- IRS increases mileage rates effective July 1, 2022
- Taxpayer unsuccessfully asks for relief for failing to file Form 3115
2022-06-06 Importance of Keeping Records from 2022-06-06T01:07:16
This week we look at:
- AICPA letter on Section 174 guidance from the IRS - TCJA changes
- Form 7203 - impact on tax season and dealing with lack of basis records
Copyri...
Listen2022-05-31 Importance of Strict Compliance With Contribution Documentation Rules from 2022-05-30T16:52:26
This week we look at:
- Taxpayer discovers her documentation for a charitable contributions did not meet the IRC requirements
- Listen
2022-05-22 What Qualifies as Alimony from 2022-05-23T11:55:48
This week we look at:
- Physician’s payments are found not to be deductible alimony under pre-TCJA divorce agreement
- IRS announces option for employer leave-based donation pr... Listen
2022-05-02 A Problem with Management Fees from 2022-04-30T23:32:14
This week we look at:
- Special rules under IRC §104 for military disability and retirement income
- Expenses claimed as management fees treated as distributions to owners ... Listen
2022-04-25 Taxing Times for Retired Airline Pilot from 2022-04-23T17:03:32
This week we look at:
- Tax rules for no-additional cost services
- Listen
2022-04-03 SECURE Act Second Version Passes House from 2022-04-03T22:39:48
This week we look at:
- IRS Suspends Mailing More Notices - This Time Related to Exempt Organizations
- Tax Court Affirms IRS Denial of Interest Abatement
- Securing a Strong R... Listen
2022-03-21 Limits for Vehicle Depreciation for 2022 from 2022-03-20T21:53:36
This week we look at:
- IRS releases revised depreciation limits for 2022 for autos under IRC §280F
- Lawmakers send yet another letter to the IRS regarding stopping the sendin... Listen
2022-03-14 Personal vs Business Expenses from 2022-03-13T22:08:05
This week we look at:
- Department of Labor warns §401(k) plan administrators regarding offer digital asset i... Listen
2022-03-07 Farmer and Fisherman Tax Software Relief from 2022-03-06T19:12:18
This week we look at:
- IRS looks to increase EA user fees by over 100%
- Justice Department files motion to have staking case dismissed as moot
- IRS to grant relief to... Listen
2022-02-28 At Least One Couple Were Not Tax People from 2022-02-28T00:52:17
This week we look at:
- Proposed regulations on required minimum distributions
- AICPA and state societies letter on delay for K-2 and K-3 filings
- Data entry error did... Listen
2022-02-21 IRS Issues Additional K-2 and K-3 Filing Relief - How Much Does It Help? from 2022-02-20T15:23:24
This week we look at the IRS's newly issued 2021 Schedule K-2 and K-3 filing relief. How much does the option added in Question 15 of the newly released FAQ on K-2 and K-3 issues really help par...
Listen2022-02-14 IRS Suspends Issuing More Notice Types from 2022-02-13T15:39:30
This week we look at:
- IRS adds more information on research credit claims issues
- LB&I announces new partner basis campaign
- IRS expands list of notices being tempor... Listen
2022-02-07 TaxPros Account Improvements Coming from 2022-02-06T19:32:50
This week we look at:
- Continuing saga of the K-2 and K-3 filing issues, including an extreme delay in accepting them electronically.
- Consider interim filing method to elect... Listen
2022-01-31 There Are K-2s and K-3s in Your Future from 2022-01-29T23:32:12
- This week we look at: IRS revises instructions for Schedule K-2 and K-3 and points taxpayers to fact more may need to file this than might have thought they would
- IRS stops issuin... Listen
2022-01-24 Forms and Instructions Week from 2022-01-23T14:09:43
This week we look at
- IRS issues updated substantially equal payment guidance
- Final version of basis reporting form for S corporation shareholders issued by IRS
- IRS... Listen
2022-01-17 IRS Pressured to Grant Broad Relief for Automated Notice Issues from 2022-01-16T18:56:14
This week we look at:
- Form 1024 joins Form 1023 in becoming online only filings
- Pressure builds on the IRS to pause automated notices in light of inability to handle corres... Listen
2022-01-10 Expenses Used for PPP Forgiveness and S Corporations from 2022-01-08T23:24:30
This week we look at:
- IRS publishes detail on changes for amended returns and research credits
- Taxpayers do not have to pay in tax IRS undercomputed when adjusting for unem... Listen
2021-01-03 IRS Quietly Changes Web Guidance from 2022-01-01T01:15:39
This week we look at:
- IRS quietly revises Ida relief revision
- Reagan-era regulations on conservation ... Listen
2021-12-27 Day After Boxing Day Edition from 2021-12-25T17:49:21
This week we look at:
- IRS/Malta look to shut down promoted tax shelter
- Lenders instructed not to issu... Listen
2021-12-20 BBBA Is Not Coming Soon from 2021-12-19T22:58:24
This week we look at:
- BBBA fails to clear Congress before adjourning for the year and Senator Manchin states h... Listen
2021-12-13 Quarter 4 ERC Guidance from 2021-12-11T21:19:45
This week we look at:
- BBBA process continues but no Senate text yet available
- Taxpayer discovers she needs to report K-1 income in year of divorce
- IRS gives guidan... Listen
2021-12-05 BBA Email Week from 2021-12-05T22:00:26
This week we look at:
- Tacit consent given for filing of joint tax return
- “Money number” adjustments related to partnership items give rise to positive imputed adjustment Listen
2021-11-29 ERC Developments Return from 2021-11-26T21:34:31
This week we look at:
- IRS modifies 2021 Form 1065 draft instructions to add self-employment income information
- Listen
2021-11-22 Self-Directed IRA Problems from 2021-11-21T19:25:50
This week we look at:
- House passes BBBA, but not clear what the Senate will do
- IRS clarifies 2021-2022 treatment of meals and incidentals per diem
- Self-directed IR... Listen
2021-11-15 Inflation Adjusted Tax Numbers Are Out from 2021-11-14T00:01:17
This week we look at:
- TAS will not intervene in amended return delayed processing cases
- Listen
2021-11-08 Tax Provisions in the Infrastructure Investment and Jobs Act.aup3 from 2021-11-07T15:12:10
This week we look at:
- IRS announces retirement plan inflation adjusted numbers for 2022
- Congress pass... Listen
2021-11-01 Build Back Better Act Draft - Tax Provisions from 2021-11-01T01:42:09
This week we look at
-
The Build Back Better Act draft’s tax provisions (some)
-
What’s not in the bill
Listen
2021-10-25 S Corporation Basis Reporting on Form 1040 from 2021-10-24T12:29:39
This week we look up:
- More talking but no action in DC on pending legislation
- Rehiring retired emplo... Listen
2021-10-18 Can You Rely on IRS FAQs? from 2021-10-17T14:57:40
This week we look at:
- Two weeks later, Congress is still working on the infrastructure and reconciliation bills
- IRS outlines information requirements for §41 refund claims<... Listen
2021-10-04 Hobby Loss Deduction Problem from 2021-10-03T14:08:33
This week we look at:
- Congress is still working on the infrastructure and reconciliation bills
- We get the Tax Court on record for the proper treatment of hobby loss deducti... Listen
2021-09-27 Issues with Buy Sell Agreement from 2021-09-26T23:53:55
This week we look at:
- Taxpayer has issues with auto expenses, retirement plan contributions and demolition expenses in Tax Court
- Buy-sell agreement that wasn’t followed and... Listen
2021-09-20 Reasonable Cause to Avoid Negligence Penalty from 2021-09-19T20:40:13
This week we look at:
- Ways and Means Committee finishes markup of proposed new tax bill.
- Language of legal settlement made all of the settlement amount taxable to taxpayer ... Listen
2021-09-13 Is An Amended Return Required? from 2021-09-12T21:29:18
This week we look at:
- High low per diem and related guidance for FY 2021/2022 released
- Rules for reporting COVID-19 credit related leave on Forms W-2 for 2021
- Is t... Listen
2021-09-05 E Signature for Some Paper Forms Made Permanent from 2021-09-06T15:44:49
This weeks we look at:
- IRS makes permanent its limited e-signature program initiated last year
- Unambiguous plain text in the IRC vs. Congressional intent: how that impacts ... Listen
2021-08-30 Looking for a Business is Not a Business from 2021-08-29T22:22:08
This week we look at:
- Looking for a trade or business is not itself a trade or business.
- IRS describes a harsh result for taxpayers that make a late deposit of deferred CAR... Listen
2021-08-16 More Grief Over Timely Filing Rule from 2021-08-15T14:14
This week we look at:
- Safe harbor guidance for PPP forgiveness and certain grants for reduction in revenue test for ERC
- Auto depreciation limits announced for 2021
2021-08-09 We Were Right in April Unfortunately from 2021-08-07T12:51:58
This week we look at:
- This week we look at: IRS issues ERC guidance for 3rd/4th quarter and adds to other guidance - confirms issue for majority shareholders IRS memorandum pushes Listen
2021-08-02 PPP Loan Program Changes Return from 2021-07-31T18:56:59
This week we look at:
- What we know about tax matters in the bipartisan infrastructure bill
- SBA announces direct forgiveness application platform, more PPP changes
- ... Listen
Ninth Sunday After Pentecost from 2021-07-25T18:45:27
This week's sermon is given by Pastor Paul Nelson
The reading for this week is Ephesians 3:14-21.
The Gospel for this week is Mark 6:30-34, 53-56.
Prince of Peace Lutheran C...
Listen2021-07-26 Proposed S Corporation Form from 2021-07-25T01:33:12
This week we look at:
- Taxpayer fails in attempt to use Cohan... Listen
2021-07-19 Tax Practice Issues Week from 2021-07-18T20:59:24
This week we look at:
- AICPA reports lenders told to stop pre-forgiveness necessity inquiries
- Digitally signed amended return rejected as not properly filed
- No reas... Listen
2021-07-12 Information Letter Week from 2021-07-11T14:59:51
This week we look at:
- TAS declines to accept stand-along advance child tax credit cases
- IRS agent’s tax home remained at his assigned office
- FSA participants requi... Listen
2021-07-05 Supreme Court Declines to Hear Dispute Over State Taxation of Nonresidents from 2021-07-05T18:13:06
This week we look at:
- IRS extends special treatment of employee leave donation for COVID-19 relief
- Guidance published on making farm NOL elections
- Penalty relief f... Listen
2021-06-28 Is the PPP Questionnaire Going Away? from 2021-06-28T17:24:30
This week we look at:
- SBA reported to be withdrawing PPP loan questionnaires
- Court finds not clear if taxpayer qualifies for home gain exclusion due to unforeseen circumsta... Listen
2021-06-21 ACA Survives Another Trip to SCOTUS from 2021-06-20T22:09:35
Supreme Court finds no status for challenging ACA due to TCJA changes
IRS backlog was huge at May 1 which causes two...
Listen2021-06-14 Tax Status of Legal Settlements from 2021-06-13T22:44:59
This week we look at:
- IRS publishes Q & A on 2021’s enhanced child and dependent care credit on website
- Malpractice settlement related to taxpayer’s divorce was taxable to ... Listen
2021-06-07 Perhaps Tax Instructions Aren't Just for Attorneys from 2021-06-07T00:54:10
This week we look at:
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Senate Parliamentarian’s second opinion on reconciliation limits practical use of revision of reconciliation inst...
Listen
2021-06-01 Is It Already Too Late to Sell to Get Long Term Capital Gain Rates from 2021-05-31T19:21:30
This week we look at:
- Green Book issued to explain administration’s revenue proposals
- Whether or not a 1099 must be issued, income still must be reported
- IRS gives... Listen
2021-05-24 ARPA COBRA Premium Assistance Questions and Answers from 2021-05-24T19:17:56
This week we look at:
- IRS will begin sending out advance child tax credit payments on July 15
- IRS announces simplified method to file a return for those not required to fil... Listen
2021-05-16 Direct Submission to CAF Coming from 2021-05-16T23:45:10
This week we look at:
- IRS begins revising returns that reported taxable unemployment and excess APTC
- HSA and HDHP numbers for 2022 released
- Census will not change ... Listen
2021-05-10 Summons and Cryptocurrency Exchanges from 2021-05-09T20:11:42
This week we look at:
- IRS looks at issues for use of an aircraft by a sole proprietor
- Dividends from controlled C corporation are still part of net investment income under ... Listen
2021-04-26 IRS Extends Deviation for Electronic Signatures from 2021-04-25T16:11:59
This week we look at:
- A quick discussion of what know (little) and don't know (a lot) about not yet proposed changes to capital gain rates
- IRS provides safe harbor for retu... Listen
2021-04-19 Why the Federal Tax Alimony Test Still Matters from 2021-04-17T17:42:17
This week we look at:
- Cover letter from state judge was part of the divorce documents
- PLR discusses medical expense definition
- IRS announces gift tax return due da... Listen
2021-04-12 Overpaying on May Extensions from 2021-04-11T14:56:54
This week we look at:
- IRS gives guidance on ARPA and the advance premium tax credit for 2020
- CCA issued to give details on apply tax provisions to hard forks of virtual cur... Listen
2021-04-05 Entering Tax Section 51 - Odd Things Happen Here from 2021-04-04T16:37:16
This year week we look at:
- IRS gives details on automatic refunds on unemployment exclusion
- Formal notice of extension of time to file 2020 Forms 1040 issued
- IRS u... Listen
2021-03-29 IRS Quietly Revises Unemployment Worksheet from 2021-03-27T21:23:26
This week we look at:
- IRS makes a major change in computation of excludable ARPA unemployment
- PPP loan program applications extended for two months - but funds only likely ... Listen
2021-03-21 Tax Season for 1040s Only Goes On One More Month from 2021-03-21T16:14:21
This week we look at:
- IRS releases instructions on reporting ARPA unemployment exclusion
- AICPA recommends IRS issue clarification on PPP forgiveness/passthrough issues ... Listen
2021-03-15 American Rescue Plan Act of 2021 from 2021-03-14T20:44:40
A look at the American Rescue Plan Act of 2021
- Unemployment exclusio... Listen
2021-03-01 Will We See a New Tax Bill? from 2021-02-27T23:39:30
This week we look at:
- Late revisions to PPP loan program
- House passes new COVID-19 relief bill, moves on to Senate
- Taxpayer gets out of tax on $300,000 of credit c... Listen
2021-02-22 Should April 15 Be Pushed Back from 2021-02-20T23:11:32
This week we look at:
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A §280E case with potential impact outside of the c...
Listen
2021-02-14 Substance Over Form for Taxpayers from 2021-02-14T21:53:47
This week we look at:
- Taxpayer finds no relief from FBAR penalties
- Tax Court outlines when it will allow a taxpayer to argue substance over form
- IRS warns about a ... Listen
2021-02-08 Virtual Currency Confusion from 2021-02-06T22:00:27
This week we look at:
- Form 1040 final instructions add to virtual currency confusion
- Listen
2019-05-28 Another New Tax Bill? from 2021-01-31T22:10:42.023393
This week we look at:
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Virtual currency guidance promised by IRS Commissioner
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HSA...
Listen
2019-05-20 Schedule D Problem from 2021-01-31T22:10:42.023393
This week we look at:
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Review Wolters Kluwer IRS response and other issues
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IRS re...
Listen
2019-05-13 Malware, Cybersecurity and Tax Practice from 2021-01-31T22:10:42.023393
This week we look at:
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Wolters Kluwer CCH systems suddenly taken offline due to malware issue
- ... Listen
2019-05-06 Fragile: Handle with Care - S Corporations from 2021-01-31T22:10:42.023393
Current Federal Tax Developments for the week of May 6, 2019: Fragile: Handle with Care - S Corporations
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Taxpayer’s marriage forces rep...
Listen
2019-04-29 Q&A 33 - The IRS FAQ Says What? from 2021-01-31T22:10:42.023393
This week we look at:
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Taxpayer finds expense can’t be assigned to business based on best result
<...
Listen
2019-04-22 IRS Gets Busy After Tax Season from 2021-01-31T22:10:42.023393
This week we look at the following
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Draft forms issued to be used to report §199A deduction on 2019 returns
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Proposed r...
Listen
2019-04-16 Still to Come on TCJA from 2021-01-31T22:10:42.023393
This week we review where we stand on TCJA guidance at the end of the first TCJA tax season.
- §199A - Mainly Post-Final Regulation Issues
- §163(j) - Proposed Regulations Out,... Listen
2019-04-08 SALT and the Home Office from 2021-01-31T22:10:42.023393
Current Federal Tax Developments for the week of April 8, 2019: SALT and the Home Office
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IRS sends proposed regulations on §199A for cooperatives to OIRA...
Listen
2019-04-01 Tax Benefit Rule and Refunds from 2021-01-31T22:10:42.023393
Current Federal Tax Developments for the week of April 1, 2019: Tax Benefit Rules and Refunds
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Electric vehicle credits for GM vehicles to begin one year ...
Listen
2019-03-25 More Underpayment Relief from 2021-01-31T22:10:42.023393
This week we look at:
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QBI and disallowed passive losses
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Minister’s housing allowance ruled to be a...
Listen
2021-02-01 Upload Your POAs from 2021-01-30T17:40:35
This week we look at
- IRS recommendations to those victimized by unemployment ID theft
- Revised Form 7200 gives information on advance ERC payment
- Interim IRS online... Listen
2021-01-25 PPP and ERC Clarifications For CAA Changes from 2021-01-24T16:37:56
This week we look at:
- Penalty relief related to partners’ tax basis capital
- IRS provides limited option for ERC claims on 4th quarter 941
- Revised PPP First Draw Ma... Listen
2021-01-18 Hurry Up and Wait for Tax Season from 2021-01-16T23:48:35
This week we look at:
- Amounts advanced by partner were a debt leading to income for other partners
- Auto valuation COVID-19 relief for employers
- Final qualified pla... Listen
2021-01-11 Revised PPP Program IFRs from 2021-01-10T16:27:28
This week we look at IFRs issued for the new PPP Loan programs:
- Interim Final Rule - Revised First Draw PPP Loan
- Interim Final Rule - Second Draw PPP Loan Program Listen
2021-01-04 Statute of Limitations on Refunds for 2019 Returns from 2021-01-03T14:18:40
This week we look at:
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Final small business accounting method regulations issued
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User fee for estate tax clos...
Listen
2020-12-21 PPP Loans, Version 2.0 Proposal from 2020-12-19T23:33:26
This week we are looking the proposed PPP loan revisions
- Proposed COVID-19 Relief Bill
- Reopen and revise PPP loans
- Create second draw need based PPP loan program Listen
2020-12-14 Paying Tax on 1112 Payments from 2020-12-13T18:44:41
This week we look at:
- IRS issues Q&As on CARES Act §§102 and 103
- Tax organizations respond to IRS Commissioner on no penalty relief
- SBA issues guidance on tax repo... Listen
2020-12-07 IRS Security Week from 2020-12-06T15:16:04
This week week we look at:
- MFA to be available for all online tax products
- Commuter highway vehicles and COVID-19
- Opt-in IP PIN program going nationwide
- T... Listen
2020-11-30 Being Late Proves Costly from 2020-11-27T23:30:04
This week we look at:
- A taxpayer is denied permission to file a late mark to market election as a trader
- Final regulations are issued related to the TCJA unrelated business... Listen
2020-11-23 A Reasonable Expectation of Forgiveness from 2020-11-21T16:51:53
This week we look at:
- IRS rules taxpayers cannot deductions expenses that qualify for PPP loan forgiveness if reasonably expect forgiveness
- Revenue Procedure issued for tax... Listen
2020-11-16 IRS Throws in the Towel on One SALT Workaround from 2020-11-15T17:49:33
This week we look at:
- AICPA reports that the IRS is about to release what many will find is unwelcome guidance on expenses expected to be used for forgiveness under PPP loan program... Listen
2020-11-09 Slowing Down RMDs - But Not Until 2022 from 2020-11-09T01:25:23
This week we look at:
- The IRS releases revised tables to compute required minimum distributions from retirement plan accounts - but not until 2022
- Taxpayer denied relief fr... Listen
2020-11-02 SBA's Coming Questionnaire for Large PPP Loan Volume from 2020-11-01T12:35:16
This week we look at
- IRS gives guidance to Congressional office on treatment of taxes paid on real estate cooperative
- Guidance issued for W-2s to be issued for employers wh... Listen
2020-10-26 Tax Basis Capital Accounts and the 2020 Form 1065 from 2020-10-25T16:30:44
This week we look at:
- Fees to enter a daily fantasy sports contest is a wager in the view of the IRS
- Taxpayers must follow all of the criteria listed in Revenue Procedure t... Listen
2020-10-19 FAQs Not as Protected from Scrutiny as IRS Hoped from 2020-10-18T15:33:38
This week we look at:
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PPP forgiveness application deadline is not October 31
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Fax line to send in Forms 1045 ...
Listen
2020-10-05 PPP Loans and Change of Ownership from 2020-10-04T15:33:55
This week we look at:
- Final regulations issued for meals and entertainment
- Withholding on retirement and annuity distribution regulations issued
- S Corporations get... Listen
2020-09-28 Excess Deductions Will Actually Be Deductible - Final from 2020-09-26T23:31:12
This week we look at
- IRS issues bonus depreciation final regulations
- Excess deductions on termination final regulations are issued
- IRS grants relief for CCH e-fili... Listen
2020-09-21 Revised Forms Issued for COVID-19 Relief from 2020-09-19T16:48:20
Listen
2020-09-14 What is Not Part of a Signature from 2020-09-13T19:30:09
This week we look at:
- A California decisions discusses the concept of domicile for state residency status
- IRS publishes special per diem rates for FY 2020/2021, including h... Listen
2020-09-07 Remember the SECURE Act from 2020-09-05T22:29:55
This week we look at:
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IRS loses in an attempt to challenge a contribution of closely held stock to charity
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N...
Listen
2020-08-31 Excellent Guidance to Confirm Fears from 2020-08-29T19:28:31
This week we look at:
- Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income
- Payroll tax holiday guidance finally r... Listen
2020-08-24 The Week of the Two Letters from 2020-08-22T18:23:35
This week we look at:
- Qualified plan loan offset amount proposed regulations issued to deal with TCJA plan loan rollover provision
- US Chamber of Commerce and other organiza... Listen
2020-08-10 Deferring Employee FICA - Forgiveness? from 2020-08-09T13:55:48
This week we look at:
- Summary of §163(j) final regulations SBA publishes PPP loan forgiveness FAQ
- IRS reminds employers of ability to establish leave sharing plans for empl... Listen
2020-08-02 Rise of the Syndicates from 2020-08-02T19:48:03
This week we look at:
- IRS releases multiple regulation project texts on TCJA items
- No syndicate relief offered for tax shelters by the IRS for small business accounting or ... Listen
2020-07-27 Third Time to Court on Conservation Easement from 2020-07-26T15:53:10
This week we look at:
- Discussions continue on fourth COVID bill in the Senate
- SBA announces the agency will begin accepting lender's documents for PPP loan forgiveness on A... Listen
2020-07-18 The Tax Court Deals with Debt Issues from 2020-07-19T14:35:50
This week we look at:
- IRS describes letters issued for Form 7200 when various issues arrive
Loan was nonrecourse since lender did not take route that could have lead to defici... Listen
2020-07-12 BBA Audit Flowchart from 2020-07-12T22:01:28
This week we look at:
- W2s will report FFCRA sick and FMLA pay to each employee
- Congress extends PPP loan program through August 8, 2020
- FAQ looks at the tax implic... Listen
2020-07-04 What is Not Discussed from 2020-07-04T17:43:21
This week we look at:
- IRS updates FAQ to discuss PPPFA changes to employer payroll tax deferral rules
- Relief granted to allow for changes to be made in 2020 to safe harbor ... Listen
2020-06-27 CARES Fix for the RMDs that Aren't RMDs from 2020-06-27T23:48:02
This week we look at:
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IRS issues clarifications on claiming the employee retention credit
-
SBA issues formal ...
Listen
2020-06-22 CARES Retirement Plan Rules from 2020-06-21T16:33:03
This week we look at:
- Revised PPP forgiveness application and some rules to take into account PPPFA changes
Relief granted for PPP loan qualification related to certain felony... Listen
2020-06-15 TCJA Returns-Like Kind Exchanges from 2020-06-14T01:43:10
This week we look at:
- SBA begins issuing revised guidance to take into account PPPFA changes to PPP loan program
- IRS rules no inclusion in income or payroll tax liability f... Listen
2020-06-08 PPPFA Becomes Law from 2020-06-07T19:16:44
This week we look at:
- Payroll Protection Program Flexibility Act of 2020 enacted into law on June 5, 2020
- Relief from physical presence rules given to qualified plans ... Listen
2020-05-30 Electronic Amended Returns Real Soon Now from 2020-05-30T21:27:54
This week we look at:
- PPP developments - only a single FAQ change but two bills to change the program.
- IRS releases guidance on how to deal with ATNOLs for corporations car... Listen
2020-05-24 PPP Loan Forgiveness Interim Final Rules from 2020-05-25T02:14:28
The latest update on the new interim final regulations on PPP Loan Forgiveness rules.
A PDF with information on both IFRS can be downloaded below.
Listen
2020-05-25 Just Kidding from 2020-05-25T01:07:14
This week we look at:
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PPP guidance on foreign affiliates, §501(c)(12) utilities, the actual final extension of the PPP repayment date a...
Listen
2020-05-08 One More Week to Return Funds and You Get ERC from 2020-05-12T19:32:49
This week we look at:
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IRS changes its guidance on the payment of health insurance only and qualification for the Employee Retention Cre...
Listen
2020-05-04 No Deduction for You from 2020-05-02T20:26:21
This week we look at:
- PPP loan updates on corporate groups, businesses sold after February 15, 2020, loan review procedures, private companies need to show loan was necessary, treat... Listen
2020-04-27 Is This Necessary from 2020-04-26T01:38:52
This week we look at:
- PPP Loan program and EIDL Grants Get Additional Funding
- PPP guidance raises question of false certification that loans were necessary, provides other ... Listen
2020-04-20 End of First Funding Round for PPP Loans from 2020-04-18T22:57:47
This week we look at:
- SBA issues guidance on self-employed taxpayers and partners for PPP loan program
- Revenue Procedure issued explaining how to deal with retroactive chan... Listen
2020-04-13 The IRS Returns to Issuing Guidance from 2020-04-12T16:02:17
This week we look at:
- PPP loan program FAQ gets updated by SBA
- IRS releases §163(j) relief for real estate and farming businesses
- Procedures released for making el... Listen
2020-04-06 CARES Act Developments This Week Through the Morning of April 5 from 2020-04-05T19:50:20
This week review the status of developing guidance on key provisions of the CARES Act:
- Recovery Rebate for Individuals, Including Advance Payment
- Deferral of the Required M... Listen
2020-03-30 Due Dates and CARES Act from 2020-03-29T19:10:10
This week we look at:
- Payroll tax credit starts on April 1.
- IRS reverses courses, announces gift/GSTT returns will also be due on July 15, 2020.
- IRS issues guidanc... Listen
2020-03-23 Moving Tax Day to July 15 from 2020-03-22T18:16:40
This week we look at:
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Congress passes payroll tax credit for newly mandated paid sick leave
-
Initial April 15...
Listen
2020-03-16 Waiting for Relief from 2020-03-15T18:04:25
Current Federal Tax Developments for the week of March 16, 2020: Waiting for Relief
- President declares emergency over COVID-19, directs Treasury to provide relief--and now we are wa... Listen
2020-03-09 Sometimes Too Late is Really Too Late from 2020-03-08T19:11:42
Current Federal Tax Developments for the week of March 9, 2020: Sometimes Too Late Really is Too Late:
- IRS denies a taxpayer's request to make a late mark to market election under §... Listen
2020-03-01 Late Filing Week from 2020-03-01T19:38:09
Current Federal Tax Developments for the week of March 2, 2020: Late Filing
- Taxpayer who voluntarily exited OVDI program ended up with very poor result.
- Illnesses of corpor... Listen
2020-02-24 Current Federal Tax Developments from 2020-02-23T21:35:20
Current Federal Tax Developments for the week of February 24, 2020: Meals and Entertainment After TCJA
- Proposed regulations can be relied upon in the interim, as well as continued r... Listen
2020-02-17 The Week of Fortnite and Schedule 1 from 2020-02-16T18:38:57
Current Federal Tax Developments for the week of February 17, 2020: The Week of Fortnite and Schedule 1
- IRS urges tax professionals to make use of multi-factor authentication <... Listen
2020-02-10 Waiting on §163(j) from 2020-02-09T22:17:30
This week we look at:
- Regulations implementing changes to FAVR and cents-per-mile methods finalized by IRS
- OIRA finishes review of final §163(j) regulations, starts review ... Listen
2020-02-03 Western Wisconsin Week from 2020-02-01T19:38:02
This week we look at:
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Special agent in charge of Los Angeles CID talks about their potential use of the virtual currency ...
Listen
2020-01-27 Real Soon Now from 2020-01-25T16:08:32
Current Federal Tax Developments for the week of January 27, 2020: Real Soon Now
- IRS can use sample of transactions to carry burden for §165(c) kickbacks/bribery issues per CCA ... Listen
2020-01-20 Relief Week from 2020-01-19T16:59:58
Current Federal Tax Developments for the week of January 20, 2020: Relief Week
- IRS expands rules excluding from income discharge of certain student loan debt
- Did the IRS ju... Listen
2020-01-13 When Bad Things Happen Penalties and Disqualification from 2020-01-12T22:32:51
This week we look at:
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A look at the interaction of qualified plans and post-70 ½ deductible IRA contributions under the SECURE Act.
... Listen
2020-01-06 Beginning a New Decade from 2020-01-06T01:41:44
This week we look at:
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Case from the Archive: Taxpayer Shows How to Win When the IRS Claims Your Business is a Hobby
2019-12-30 The Year's Big Tax Developments from 2019-12-30T20:00:10
This week we look at:
- §199A final regulations – a pre-tax season package that had to be quickly understood
- 2019’s year end tax bills – comes in three parts, along with a go... Listen
2019-12-23 A Tax Bill for the Holidays from 2019-12-22T18:53:57
Current Federal Tax Developments for the week of December 23, 2019: A Tax Bill for the Holidays
- Further Consolidated Appropriations Act, 2020 signed into law on December 20, 2019
Listen
2019-12-16 The Sound of Silence from 2019-12-15T00:20:17
Current Federal Tax Developments for the week of December 16, 2019: The Sound of Silence
- IRS does not have the discretion to waive repayment of advance premium credit
- Emplo... Listen
2019-12-09 Bring on the Forms from 2019-12-08T15:18:35
Current Federal Tax Developments for the week of December 9, 2019: Bring in the Forms
- Final version of 2020 Form W-4 released Final versions of 2019 Forms 1040, 1040-SR, Schedules 2... Listen
2019-12-02 Horses and Hobbies from 2019-11-30T02:22:26
Current Federal Tax Developments for the week of December 2, 2019: Horses and Hobbies
- Commissioner rules that insurance payments for pyrrohite damage does not require Forms 1099 Listen
2019-11-25 Back to the FAQ from 2019-11-23T20:08:38
Current Federal Tax Developments for the week of November 25, 2019: Back to the FAQ
- IRS discusses information security responsibilities and risks for tax professionals
- Rent... Listen
2019-11-18 Upcoming Events from 2019-11-16T19:52:38
Current Federal Tax Developments for the week of November 18, 2019: Upcoming Features
- Listen
2019-11-11 Indexing Week from 2019-11-10T19:06:54
Current Federal Tax Developments for the week of November 11, 2019: Indexing Week
- F... Listen
2019-11-04 Both a Home and an Investment from 2019-11-03T23:20:26
Current Federal Tax Developments for the week of November 4, 2019 Both a Home and an Investment
- Listen
2019-10-28 Denied Deduction Not Excessive Fine from 2019-10-26T11:57:56
This week we look at the following:
-
...
Listen
2019-10-21 It's All in the Forms (and Instructions) from 2019-10-20T21:05:21
Current Federal Tax Developments for the week of October 21, 2019: The Details are in Forms (and Instructions)
2019-10-14 Virtual Currency and Taxes from 2019-10-14T01:28:42
Current Federal Tax Developments for the week of October 7, 2019: Virtual Currency and Taxes
2019-10-07 Get Ready for the 2019 Passthrough Forms from 2019-10-05T15:33:11
Current Federal Tax Developments for the week of October 7, 2019
- Pennsylvania cites Wayfair in providing for sales only based income tax nexus
- Taxes on investment real esta... Listen
2019-09-30 Rentals and the Safe Harbor from 2019-09-28T21:45:25
Current Federal Tax Developments for the week of September 30, 2019: Rentals and the Safe Harbor
- IRS releases final version of §199A rental safe harbor
- Special per diem rat... Listen
2019-09-23 Zombie Power of Attorney from 2019-09-21T21:34:04
Current Federal Tax Developments for the week of September 23, 2019: Zombie Power of Attorney
- Listen
2019-09-16 Section 451 Week from 2019-09-14T17:18:57
Current Federal Tax Developments for the week of September 16, 2019: §451 Week
- Students learns real life lesson on taxation of prizes, and we get a tax history lesson
- Propo... Listen
2019-09-08 But I Promise, Really! from 2019-09-07T17:41:17
Current Federal Tax Developments for the week of September 9, 2019: But I Promise, Really!
- IRS release instructions to 2019 §199A simple deduction form with additional informal guid... Listen
2019-09-03 No Horse, No Business from 2019-08-31T16:28:42
Current Federal Tax Developments for the week of September 3, 2019: No Horse, No Business
- Listen
2019-08-26 Watching Paint Dry Doesn't Count from 2019-08-24T23:08:43
Current Federal Tax Developments for the week of August 26, 2019: Watching Paint Dry Doesn’t Count
- Taxpayer found both to have chosen the accrual method and to be required to use it... Listen
2019-08-19 George M Would Be Proud from 2019-08-17T17:49:51
Current Federal Tax Developments for the week of August 19, 2019: George M Would Be Proud...
-
Taxpayer “wins” on a Cohan style case, but...
Listen
2019-08-12 Toto Needs Sales Tax Money from 2019-08-10T16:18:22
This week we look at:
- Kansas releases out of state seller rules that have no de minimis levels
- Memorandum holds that partial denial of earned income tax credit can lead to ... Listen
2019-08-05 About That Bitcoin from 2019-08-02T21:51:19
Current Federal Tax Developments for the week of August 5, 2019: About that Bitcoin...
- IRS sends out 10,000 letters on cryptocurrency, including some demanding a response
- R... Listen
2019-07-29 1982 Tax Form Nostalgia Week from 2019-07-26T23:42:39
Current Federal Tax Developments for the week of July 29, 2019: 1982 Tax Form Nostalgia
- Listen
2019-07-22 The Short Lived 1040 Postcard from 2019-07-20T00:20:30
Current Federal Tax Developments for the week of July 22, 2019: The Short-Lived 1040 Postcard
- Taxpayer who failed to file a signed Form 8332 with his return was denied the dependenc... Listen
2019-01-15 Fixing Typos Proves to Be Hard from 2019-07-15T02:19:29
This week we look at:
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Taxes-Security-Together Checklist for tax professionals issued by the IRS
<...
Listen
2019-07-08 Congress Enacts Taxpayer First Act of 2019 from 2019-07-07T01:39:21
Update for the week of July 8, 2019. This week we look at:
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The Taxpayer First Act of 2019, signed into law on July 1, 2019
2019-07-01 About That Drive from Florida to South Africa from 2019-06-30T23:31:53
Current Federal Tax Developments for the week of July 1, 2019:
- IRS issues notice to advisers regarding what to do in the event of a data breach
- IRS official confirms a §199... Listen
2019-06-24 Supreme Court Just Says No from 2019-06-22T22:28:32
Current Federal Tax Developments for the week of June 24, 2019: SCOTUS Just Says No
-
Listen
2019-06-17: Bring on the New HRAs from 2019-06-16T21:30:33
This week we look at:
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IRS to stop faxing transcripts, only mail them to taxpayer’s address of record
Listen
2019-06-10 Being Yourself in Business from 2019-06-10T04:45:26
This week we look at
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S corporation status lost when SMLLC shareholder adds a new interest holder
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Tax Court does not a...
Listen
2019-06-03 Sweating the Details (or Lose Out) from 2019-06-02T03:33:49
This week we look at
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Evangelizing did not give rise to charitable deduction for most expenses