March 3, 2014

Federal Tax Update Podcast
With E. Lynn Nichols, CPA

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This week's podcast includes:

• Request to Change Accounting Period Deemed Timely Filed
• Qui Tam Award Fails to Meet Requirements for Capital Gains Treatment
• State Court Document Doesn't Meet Requirements to Let Noncustodial Parent Claim Dependency Exemption
• Transaction Involving Allocation of State Tax Credits Was Disguised Sale
• Court Dismisses Suit Challenging Levy on Retirement Benefits
• IRS Issues Retirement Plans FAQ on EP Team Audit Program
• Final Regs on Property Transferred for Services
• Limits on Depreciation Deductions for Autos
• IRS Properly Disallowed Deduction for IRA Contribution
• Ninth Circuit Affirms Tax Lien Survived Bankruptcy, IRS May Levy on Pension Plan
• IRS Updates FAQ on Net Investment Income Tax