Tue, 17 September 2013
Federal Tax Update Podcast With E. Lynn Nichols, CPA
This week's podcast includes:
- Proposed Regs on Limitations on Importation of Net Built-In Losses
- IRS Issues Guidance Clarifying Treatment of Preventive Healthcare Services
- Federal Circuit Affirms Payroll Company is Not Employer for FICA and FUTA
- No Refund to Estate; Remittance Was a Payment, Not a Deposit
- Q&A on Health Insurance Premium Tax Credit
- FAQ on Individual Shared Responsibility Provision of Affordable Care Act
- IRS Publication Explains Taxpayer Advocate Service
- Final Regs on Deduction and Capitalization of Tangible Assets
- Proposed Regs on Dispositions of Tangible Depreciable Property
Direct download: Federal_Tax_Update_9_16_2013.mp3
Category: Federal Tax Update
-- posted at: 12:34pm EDT
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Tue, 10 September 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Sixth Circuit Dismisses Appeal in FedEx Research Tax Credit Case
- Proposed Regs on Research and Experimental Expenses
- Final Regs on Limitations on Duplication of Net Built-In Losses
- Final Loss Duplication Rules With Fix for Transfers of Partnership Interests
- IRS Addresses Tax Treatment of Attorney Fees Paid Under Settlement Agreements
- IRS Must Honor Corporation's Designation of Voluntary Tax Payments
- Final, Temporary Regs on Application of Straddle Rules to Debt Instruments
- Proposed Regs on Healthcare Coverage Information Reporting
- Proposed Regs on Information Reporting of Minimum Essential Coverage
Direct download: Federal_Tax_Update_9_9_2013.mp3
Category: Federal Tax Update
-- posted at: 8:44am EDT
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Thu, 5 September 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Proposed Regs on Small Business Healthcare Tax Credit
- Sixth Circuit Affirms Tax Court Decision Denying S Corp Losses, Deductions
- Court Refuses to Dismiss Suit Challenging Church Exemption From Filing Requirements
- Gift Tax Consequences of Proposed Disclaimers
- Married Taxpayer Can't Claim Head of Household Status During Spouse's Temporary Absence
- Tax Court Sides With IRS in Revocation of Booster Club's Tax-Exempt Status
- Second Circuit Affirms Settlement Payment Was Subject to FICA Taxation
- Tax Court Holds Individual Wasn't a Trader in Securities; Penalties Sustained
- Treasury and IRS Announce Recognition of All Legal Same-Sex Marriages
- All Legal Same-Sex Marriages Recognized for Federal Tax Purposes, IRS Rules
- FAQ on Same-Sex Couples Married Under State Law
- FAQ on Tax-Related Concerns for Registered Domestic Partners
Direct download: Federal_Tax_Update_09_03_2013.mp3
Category: Federal Tax Update
-- posted at: 2:48pm EDT
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Mon, 26 August 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- IRS Launches Affordable Care Act Website
- Late-Filed 1120S Wasn't Disclosure; 6 Year Statute of Limitations Applies
- Photo Processing Qualifies for Domestic Production Activity Deduction
- 40 Questions (and 40 Answers!) on the New 3.8 Percent Tax
- Transaction Lacked Economic Substance, Nontax Business Purpose
Direct download: Federal_Tax_Update_8_26_2013.mp3
Category: Federal Tax Update
-- posted at: 12:46pm EDT
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Wed, 21 August 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- 2013-14 Priority Guidance Plan Adds 501(c)(4) and DOMA Guidance
- Individual an Employee; Made Excess Contributions to SEP
- Purchase/Sale of Life Insurance Policy Does Not Affect Income Exclusion
- Proposed Regs on Requesting Equitable Innocent Spouse Relief
- Estate Made Partial Tax Payment, Not Deposit; Refund Denied
- S Corp Liable for Employment Tax Deficiency, Additions Taxes
- Final Regs on Information Disclosure for Insurance Affordability Programs
- Doctor Must Report Income From S Corporation Interest
- Rev. Proc. Consolidates Late S Corporation Election Procedures
- Musician's Business Expense Deductions Allowed; No Penalties Imposed
- IRS Announces Cuts to Refundable Corporate AMT Credit Payments
Direct download: Federal_Tax_Update_8_19_2013.mp3
Category: Federal Tax Update
-- posted at: 10:09am EDT
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Mon, 12 August 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Owners of Gift Basket Company Granted Summary Judgment Allowing Section 199 “Qualified Domestic Production Deduction”
- Manufacturing Tax Break Gone Wild
- Individual Granted “Innocent Spouse” Relief From Liability on Joint Return
- Couple Did Not Underreport Income: Credible Testimony Established Agency Relationship
- S Corp Liable for Employment Tax Deficiencies and Penalties for Failure to Treat Payment to Shareholder as Wages
- Losses From Bull Breeding Activity Limited by Failure to Satisfy Recordkeeping Requirements of Passive Activity Rules
- Disability Payment Included in Income, Taxpayer Liable for Additions to Tax
- Insurance Company Loses Tax-Exempt Status
- Research Organization Is Denied Tax-Exempt Status
Direct download: Federal_Tax_Update_8_12_2013.mp3
Category: Federal Tax Update
-- posted at: 11:05am EDT
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Wed, 7 August 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Transfers in Exchange for Self-Canceling Notes Are Taxable Gifts
- Final Regs on Reimbursed Entertainment Expenses
- No Transfer of Goodwill in Radio Station Like-Kind Exchange
- Notices of Deficiencies Timely Due to Fraud, Omissions From Gross Income
- Mortgage, Credit Card, and Utility Payments Were Income to Minister
- Same-Sex Surviving Spouse Awarded Spousal Death Benefits
- U.S. District Court Orders Recognition of Same-Sex Marriage in Ohio
Direct download: Federal_Tax_Update_8_5_2013.mp3
Category: Federal Tax Update
-- posted at: 8:41am EDT
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Mon, 29 July 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Exemptions From Inclusion in Bankruptcy Estate Disallowed for Bad Faith
- Minister Not Entitled to Parsonage Allowance Exclusion
- Individual Who Supported Minor Denied Child Tax Credit and EITC
- Couple Denied Deductions for “Business” Expenses, Penalties Assessed
- IRS Releases Publication on Return Disclosure
- Deferral of Advance Payments Under Gift Card Arrangements Clarified
- Bad Debt Deduction Denied for Transfers to Family-Owned Business; Penalties Upheld
Direct download: Federal_Tax_Update_7_29_2013.mp3
Category: Federal Tax Update
-- posted at: 8:26pm EDT
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Tue, 23 July 2013
Federal Tax Update Podcast With E. Lynn Nichols, CPA
This week's podcast includes:
- Claim of Right Doctrine Does Not Apply to Unpaid Promissory Notes
- Right to Receive “Dividends” Not an Incident of Ownership in Life Insurance Policies
- CFC's Rental Income Is Foreign Personal Holding Company Income
- Compensation for Psychological Damages Is Excludable From Income
- IRS Fact Sheet Warns Employers Outsourcing Payroll Duties
- FASB Finalizes Guide for Private Company Decision-Making
- Thirty-one Percent of 2011 Schedules UTP Failed Concise Description Requirements
Direct download: Federal_Tax_Update_7_22_2013.mp3
Category: Federal Tax Update
-- posted at: 12:13pm EDT
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Mon, 15 July 2013
Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Couple's Earnings From CFC Were Taxable as Ordinary Income
- QSST Beneficiary May Deduct Interest Expense on Loan to Acquire S Stock
- Voting Trust and S Corporation Can Survive Death of Grantor
- IRS Rules on Tax Consequences of Proposed Voting Trust
- Final Rules Implementing Some Affordable Care Act Provisions
- Transitional Relief From Health Insurance Reporting Requirements
- D.C. Circuit Reverses Tax Court on Taxing Nonresident Alien Gambling Income
- IRS Must Calculate Gambling Winnings Consistently for Citizens and Foreigners
- Guidance on Tax Lien Notice Withdrawals Involving Installment Agreements
Direct download: Federal_Tax_Update_7_15_2013.mp3
Category: Federal Tax Update
-- posted at: 11:33am EDT
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