FICPA Podcasts FICPA Podcasts
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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
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Federal Tax Update: No Minimum Attention Required for Supervisor Approval of Penalties per Tax Court
https://vimeo.com/940427506?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/28/2024-04-29-no-minimum-attention-required-for-supervisor-approval-of-penalties-per-tax-court
This week we look at:
Final regulations issued on credit transfer provisions of the Inflation Reduction Act
Tax Court rules the law does mandate a minimum level of attention by a supervisor when approving a proposed penalty
IRS announces the end of the Direct File pilot and will announce the next steps shortly -
Federal Tax Update: IRS Extends Limited RMD Relief But Warns They Expect This to Be the Last Time
https://vimeo.com/937007922?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/4/20/2024-04-22-irs-extends-limited-rmd-relief-but-warns-they-expect-this-to-be-the-last-time
This week we look at:
IRS again waives penalties for certain RMD distributions for inherited IRAs and retirement plans, but indicates this should be the last time
FinCEN adds more Q&As to BOI FAQ for the first time since January -
Federal Tax Update: Tax Court Reverses Position on Validity of Conservation Easement Regulation
https://vimeo.com/929341969?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/31/2024-04-01-tax-court-reverses-position-on-validity-of-conservation-easement-regulation
This week we look at
Tax Court reverses position on validity of a regulation it had upheld four years ago
US Supreme Court hears oral arguments in case involving estate tax value of a corporation that received life insurance to redeem the majority shareholder’s estate
IRS Criminal Investigation Divisions announces update on COVID relief related investigations and convictions -
Federal Tax Update: ERC Voluntary Disclosure Program Is Over - What Next
https://vimeo.com/926912400?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/24/2024-03-25-erc-voluntary-disclosure-program-is-over-what-next
This week we look at:
As ERC voluntary compliance program ended, IRS release discusses agency’s plans going forward
Senate Finance Chair Wyden indicates there be a cloture vote in the Senate on House passed tax bill
IRS issues proposed regulations to make SPA CRAT arrangements listed transactions
IRS asks Supreme Court to overturn Culp decision -
Federal Tax Update: Last Call to Enter ERC Voluntary Disclosure Program
https://vimeo.com/924422473?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/17/2024-03-18-last-call-to-enter-erc-voluntary-disclosure-program
This week we look at:
FinCEN gives formal notice of appeal of CTA BOI case
Deadline rapidly approaching for entering first ERC voluntary disclosure program
Arizona lawmakers write the IRS about tax status of 2023 state rebates
Court of Appeals finds it is barred from hearing appeal of Tax Court dismissal of small case -
Federal Tax Update: FinCEN Announces Enforcement Reaction to Alabama Case
https://vimeo.com/921816386?share=copy
https://www.currentfederaltaxdevelopments.com/podcasts/2024/3/10/2024-03-11-fincen-announces-enforcement-reaction-to-alabama-case
This week we look at:
FinCEN announces position on handling BOI enforcement following National Small Business United v. Yellen
IRS issues warning about companies peddling “doctor’s notes”
Tax Court warns taxpayer about litigating an issue the taxpayer had previously litigated and lost on for a prior year