Federal Tax Update Podcast

Federal Tax Update Podcast Series
This week we look at: IRS reopens IVES and user-fees based programs Advisers need to be sure to check syndicate rules to assure entity not subject to §163(j) rules Treat of realtors revised in second draft version of portion of Publication 535 Filing season to start January 28, refunds a...
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This week's developments: IRS Notice gives guidance to tax-exempt organizations on excess compensation tax Outgoing W&M Chairman publishes discussion paper on TCJA technical corrections §199A final regulations still sitting at OIRA Copyright 2019, Kaplan, Inc.
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This week we look at: Loan Adviser Found Not Liable to Repay in FINRA Treated as Ordinary Income from Debt Forgiveness IRS Raises Values Dramatically on Vehicles Eligible for Cents-Per-Mile and Fleet-Average Valuation Rules Safe Harbor Issued on Charitable Contribution Credits Related to a...
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This week we look at: Just prior to the one year anniversary of TCJA, we finally get a Joint Committee staff Blue Book.on the law Tax credits for purchases of Teslas are being phased-out during 2019 MFP payments found in IRS memorandum to be taxable income and part of self-employment incom...
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This week we look at: IRS releases more proposed regulations Lack of documentation dooms deduction for taxpayers §199A final regulations sent to OIRA for review Guidance issued on valuing employer-provided parking for parking lot tax Relief given for some tax-exempt organizations first...
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This week we look at the following items: Wisconsin passes its version of an optional passthrough tax to get around SALT limits, but with a twist Guidance released on Section 81(i) stock elections Taxpayer finds you still need some documentation to claim cellular phone expenses IRS fails...
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This week we look at: Proposed anti-clawback regulations issued Final §263A negative amount regulations issued §163(j) proposed regulations leave OIRA (finally), last step before publication Copyright 2018, Kaplan, Inc.
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This week we look at the following items: IRS publishes 2019 inflation adjusted figures IRS notes increase in breaches of systems of tax return preparers in 2018 Filing and deposit date relief announced for victims of California wildfires IRS email discusses application of due diligence ...
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This week we look at the following items: §163(j) proposed regulations due this week IRS releases final TCJA due diligence regulations Country singer found not to operate night club for a profit Foreign earned income denied when taxpayer did not show his abode was outside the United Stat...
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This week we look at the following items: Inflation-adjusted retirement plan numbers for 2019 released IRS publishes draft Form 990-T and instructions with details on the parking lot tax Students lose at DC Circuit in attempt to claim travel deductions A Blue Book on TCJA may be coming s...
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This week we look at the following items: Court finds IRA and plan balance received in divorce not protected in bankruptcy Interest limitation proposed regulations (except for passthroughs) heads to OMB Connecticut crumbling foundation relief clarified to also create NOLs that can be carri...
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This week we look at the following items: A pastor had taxable income from pastoral donations IRS grants filing and payment relief related to Hurricane Michael A taxpayer could not apply payment where the IRS had levied the account Initial Qualified Opportunity Zone proposed regulations ...
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This week we look at the following items: IRS issues SIFL rates for second half of 2018 Information letter discusses more issues with the SALT workaround regulations Business meals will remain 50% deductible despite TCJA law changes ECPRS program updated by the IRS Market discount not su...
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This week we look at the following items: Wall Street Journal reports IRS will issue guidance allowing 50% deduction for business meals IRS issues guidance on credit for paying employees on FMLA leave Moving expenses incurred in 2017 but reimbursed in 2018 ruled to be excludable from the e...
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This week we look at the following items: Tax Court allows a taxpayer to try and prove reasonable reliance on indirect legal advice Updated safe harbor explanations for plan distributions issued by IRS IRS delays major revision to Form W-4 to 2020 Relief announced for victims of Hurrican...
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This week we look at the following items: South Dakota enacts remote seller law to implement Wayfair decision beginning November 30 Colorado tests the limits of Justice Kennedy’s holdings in Wayfair Even though records were imperfect, Tax Court finds the taxpayer was a real estate professi...
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This week we look at the following items: South Dakota to hold a special session so the state can begin to take advantage of their victory in the Wayfair case Taxpayer who withdrew IRA funds based on a notice of intent to levy cannot escape 10% additional tax IRS clarifies the application of th...
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This week we look at the following items: Taxpayers creating multiple entities to try and avoid double taxation of C corporation income find their plan fails IRS issues SALT workaround regulations and affect both new and pre-existing state tax credit programs Modifications made to automatic acc...
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This week we look at the following items: Oregon Supreme Court rules no physical presence required to be subject to corporate income tax Idaho sends out notices to retailers that it’s moving forward with affiliate rule for collecting sales tax IRS prevails over AICPA on question of issuing cred...
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This week we look at the following items: Proposed regulations for 965 are issued, others on state and local tax workarounds submitted to OMB Majority of states that impose a sales tax now have published post-Wayfair remote seller collection requirements and start dates Proposed regulations on ...
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