Jan. 20, 2014

Federal Tax Update Podcast
With E. Lynn Nichols, CPA

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This week's podcast includes:

• Final Regs on Sales-Based Royalties and Vendor Allowances
• Expired Extenders Trigger Financial Reporting Complications
• JCT Lists Expiring Federal Tax Provisions Through 2024
• Eighth Circuit Affirms Surgeon's Tax Evasion, Fraud Convictions
• IRA Distribution Rollover Requirement Waived
• Each Spouse Files Separate Schedule C for Qualified Joint Venture
• IRS May Assess Penalty for Failure to File Foreign Gift Information Return
• Corporation May Deduct Insurance Premiums Paid to Captive
• Taxpayers Did Not Act on Plans to Develop Land and Can Not Deduct Planning Expenses
• Partnership Loss Transfer and Basis Reduction Rules