Nichols Patrick Weekly Federal Tax Update with Ed Zollars, CPA

This week's podcast includes:

  • Taxpayers Participating in Gambling Treatment Program Where Any Winnings are Forfeited to the State Not Taxable on Winnings Forfeited
  • "Disregarded" LLC Must Be Considered When Valuing Charitable Contribution
  • IRS Issues Last Set of Final Regulations from Tangible Property Project Related to Group Asset Accounts
  • Fact that TMP Was Under Criminal Investigation Did Not Invalidate FPAA
  • And Much More...

 

Direct download: SS_AUDIO_08_18_2014.mp3
Category:Federal Tax Update -- posted at: 9:32pm EST

Nichols Patrick Weekly Federal Update Podcast with Ed Zollars, CPA

 

This week's podcast includes:

  • Office in Home Rules Applied to RV, No Deduction Allowed Despite Showing of Business Use
  • Despite Admission of Advisor of Giving Bad Advice, IRS Denies Late Rollover Relief
  • Aircraft Was Separate Activity from Business, Taxpayer Failed to Show Material Participation
  • Final Whistleblower Regulations Issued by IRS
  • And More...

 

Direct download: SS_AUDIO_08_11_2014.mp3
Category:Federal Tax Update -- posted at: 12:46pm EST

Nichols Patrick Weekly Tax Update with Edward K. Zollars, CPA

This week's podcast includes:

  • Court Allows for Unavoidable Personal Use of Office Portion of Studio Apartment, Grants Deduction
  • Advisor's Assurance that Investment Would Be Returned Within 60 Days Found to Provide Cause to Grant Relief for Late Rollover
  • No Current Deduction Allowed for Unredeemed Portion of Customer Loyalty Program Discounts, as Fact of Liability Not Yet Established
  • Draft Form to Report Individual Shared Responsibility Payment Exemption Released by IRS
  • IRS Releases Reconciliation of Premium Tax Credit Form
  • And More....

 

Direct download: SS_AUDIO_08_04_2014.mp3
Category:Federal Tax Update -- posted at: 6:20pm EST

Nichols Patrick Weekly Federal Tax Update Podcast with Edward K. Zollars, CPA

 

 

This week's podcast includes:

  • Fact Mother Named Custodial Parent in Divorce Not Relevant to Dependency Exemption When Child Spends More Nights with Father
  • Organization Offering Qualified Plans to Attorneys Only Not a Tax Exempt Business League
  • Final Regulations Clarify that Partnership May Not Write-off Unamortized Start-up Costs or Partnership Organization Costs Due to a Technical Termination
  • And More...
Direct download: SS_AUDIO_07_28_2014.mp3
Category:Federal Tax Update -- posted at: 5:00pm EST

Nichols Patrick  Federal Tax Update Podcast with Edward K. Zollars, CPA

 

This week's podcast includes:

  • Contingent Fee Rule in Circular 230 Struck Down Provisions Regulating Preparations By CPAs Brought Into Question
  • IRS Unveils Voluntary Tax Preparer Registration Program Despite Complaints of AICPA & NAEA, AICPA Files Suit To Block While National Taxpayer Advocate Praises The Program
  • IRS Issues Final Regulations On Deductions Subject to 2% Limitation For Fiduciary Returns, Delays Effective Date
  • Debt Secured By Different Residence Not Acquisition Debt For Qualified Mortgage Debt Exclusion
  • And More...
Direct download: SS_AUDIO_07_21_2014.mp3
Category:Federal Tax Update -- posted at: 12:25pm EST

Nichols Patrick Federal Tax Update Podcast with Edward K. Zollars, CPA

 

 

This week's podcast includes:

  • PROPERTY WAS NO LONGER (IF EVER) A RENTAL TRADE OR BUSINESS, INTEREST ONLY POTENTIALLY DEDUCTIBLE AS HOME MORTGAGE INTEREST
  • FAILURE TO ESTABLISH A BONA FIDE DEBT FATAL TO TAXPAYER'S CLAIMED BUSINESS BAD DEBT DEDUCTION
  • IRS OFFICIALLY WITHDRAWS PROPOSED REGULATIONS AT ODDS WITH COURT RULINGS IN THE BOBROW IRA CASE
  • AND MORE....
Direct download: 2014-07-14_Update.mp3
Category:Federal Tax Update -- posted at: 2:27pm EST

Nichols Patrick Federal Tax Update  with Edward K. Zollars, CPA

 

 

This week's podcast includes:

  • IRS Unveils Voluntary Tax Preparer Registration Program Despite Complaints of AICPA &  NAEA
  • IRS Issues Proposed Final Regulations On Post - 2013 Smaller Employer Health Care Credit
  • Participants in Defined Contribution Plans to be Allowed to Use a Portion of Benefits to Purchase Qualified Longevity Annuity Contract
  • IRS Issues Simplified Form 1023 fir Small Section 501 (C)(3) Organizations
  • Merged Corporations Allowed to use Interest Netting Rules for Pre & Post Merger Tax Overpayments & Underpayments
  • IRS Not Required to "Piece Together" Hints Regarding Omitted Income, Tax- Payer Hit With Six Year Statute of Limitations
Direct download: SS_Audio_07_07_2014.mp3
Category:Federal Tax Update -- posted at: 7:47pm EST

Nichols Patrick Federal Tax Update Podcast  with E. Lynn Nichols, CPA

 

 

This week's podcast includes:

  • Fraternal Group's Insurance Sales Related to Exempt Purpose
  • Loan to ESOPs Is a Prohibited Transaction
  • Final Regs on Waiting Period for Health Insurance
  • IRS May Investigate, Assess Preparer Penalties 
    Before Return Examined
  • Individual Who Didn't Retrieve Mail Can't Challenge Tax Liability
  • Tax Court Disallows Business Deductions, Upholds Penalty
  • And much more!!
Direct download: SS_AUDIO_06_30_2014.mp3
Category:Federal Tax Update -- posted at: 9:47am EST

Federal Tax Update Podcast    With E. Lynn Nichols, CPA

This week's podcast includes:

  • Sixth Circuit Affirms Business Expense Deductions for Lease Buyout
  • Tax Court Disallows Rental Real Estate Losses, Imposes Penalty
  • Complexity Causes Students to Forgo Tax Credit
  • Tax Court Disallows Travel Agent's Business Expense Deductions
  • Partnership's Charitable Contribution Deduction Denied
  • Individual Allowed Deductions for stepchildren, Not Former Wife
  • Tax Practitioner's Rights in Circular 230 Disciplinary Cases
Direct download: SS_AUDIO_06_23_2014.mp3
Category:Federal Tax Update -- posted at: 11:06am EST

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

This week's podcast includes:

  • Taxpayer Not Securities Dealer Under Section 475
  • Online Poker Accounts are “Foreign Bank Accounts” for FBAR Inclusion
  • Termination of S Corp Election Inadvertent
  • IRS Discusses Application of Reportable Transaction Penalty
  • Final Circular 230 Regs Eliminate Covered Opinion Rules
  • Individual's Transaction Can't Be Treated as Like-Kind Exchange
  • IRS Revises Guidance for Practitioners Sanctioned Under Circular 230
  • Stock Rights Aren't Considered Nonqualified Deferred Compensation Plans
  • Tax Court Allows Some Deductions but Upholds Penalties
  • Supreme Court Holds Inherited IRA Not Exempt in Bankruptcy
  • Additional Alimony Deduction Denied; Penalty May Apply
Direct download: SS_AUDIO_6_16_2014.mp3
Category:Federal Tax Update -- posted at: 10:29am EST



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