Federal Tax Update Podcast The Ohio Society of CPAs
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- Noticias
Federal Tax Update Podcast Series
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2024-05-13 Changes to CAFs and Process for Tax Pros to Obtain Transcripts
This week we look at:
IRS gives update on final results for ERC voluntary compliance program and discusses the future Taxpayer’s contract did not make payment contingent on success of research DOJ announces CPA firm barred from promoting CRAT/single premium annuity shelter IRS provides information on CAF “under review status” and changes to requesting transcripts -
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 Copyright 2024, Kaplan Financial Education -
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 Copyright, Kaplan, Inc.
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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 -
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 -
2024-03-18 Last Call to Enter ERC Voluntary Disclosure Program