Jan. 27, 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Promised Revenue Procedure Provides Guidance For Compliance With New Tangible Property Regulations (aka “Repair Regs”)
• Significant Changes to Forms 990 and 990-EZ for 2013 Returns Due May 15, 2014
• Final Regulations Offer Taxpayers Choice Of Authority For Calculating Certain Items of Investment Income For Purposes of Determining “Net Investment Income” Subject To 3.8% “Medicare Tax”
• SB/SE Exam Unit May Disclose Federal Tax Return Information to OPR
• Company Granted Relief From Late Association Status, S Corp Elections
• Revenue Procedure 2013-30; 2013-36 I.R.B. 173; 8/14/2013