86 episodes

Federal Tax Update Podcast Series

Federal Tax Update Podcast The Ohio Society of CPAs

    • Business News
    • 4.4 • 27 Ratings

Federal Tax Update Podcast Series

    2020-09-28 Excess Deductions Will Actually Be Deductible - Final

    2020-09-28 Excess Deductions Will Actually Be Deductible - Final

    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-filing problems on September 1 Copyright 2020, Kaplan, Inc.

    • 35 min
    2020-09-21 Revised Forms Issued for COVID-19 Relief

    2020-09-21 Revised Forms Issued for COVID-19 Relief

    This week we look at:
    IRS discusses options for expedited private letter ruling requests Web page for marijuana industry posted by the IRS Corporation by law had no shareholders, thus no S election was possible Draft form to be used by self-employed to claim COVID-19 sick pay credits published Final version of Form 941-X to be used to revised 2Q 2020 Forms 941 released Copyright 2020, Kaplan, Inc.

    • 31 min
    2020-09-14 What is Not Part of a Signature

    2020-09-14 What is Not Part of a Signature

    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 high-low rates Medicaid coverage of COVID-19 testing and diagnostic services is not minimum essential coverage Tax Court looks at the effective date for a change in innocent spouse provisions An IP PIN ruled not to be part of the signature for an electronically filed tax returns Copypright 2020, Kaplan, Inc.

    • 52 min
    2020-09-07 Remember the SECURE Act

    2020-09-07 Remember the SECURE Act

    This week we look at:
    IRS loses in an attempt to challenge a contribution of closely held stock to charity
    Notice issued giving guidance on retirement plan changes enacted at the end of 2019
    Second new version of Form 941 for 2020 released in draft form
    Minister discovers he won't qualify to be paid social security or Medicare coverage due to not understanding employment taxes and pastors
    IRS publishes web page on BBA Centralized Partnership Audit Regime
    Copyright 2020, Kaplan, Inc.

    • 56 min
    2020-08-31 Excellent Guidance to Confirm Fears

    2020-08-31 Excellent Guidance to Confirm Fears

    This week we look at:
    Crowdsourcing platform payments made in convertible virtual current for performing microtasks is taxable income Payroll tax holiday guidance finally released by Treasury days before holiday is scheduled to begin IRS temporarily expands and simplifies use of e-signatures SBA issues new PPP guidance with de minimis owner rule and rules related to rents and mortgages as nonpayroll costs Copyright Kaplan, Inc.

    • 54 min
    2020-08-24 The Week of the Two Letters

    2020-08-24 The Week of the Two Letters

    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 organizations issue letter describing issues with payroll tax holiday Presidential memo IRS warns employees to wait to file Forms 941-X on second quarter 2020 941s until new form released in late September Chair of Ways & Means asks to IRS to pause sending notices that may relate to unopened payments and IRS complies two days later IRS begins accepting 2019 amended individual returns electronically Payments of interest on 2019 tax refunds are being paid out to taxpayers Copyright Kaplan, Inc.

    • 46 min

Customer Reviews

4.4 out of 5
27 Ratings

27 Ratings

Ssidawg73 ,

Such a great resource

I’m a sole practitioner and I really appreciate the info that you provide in this podcast. I listen to the podcast every week while I run and it helps keep me both entertained and informed. I definitely recommend for anyone who wants to keep up with the latest tax news.

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