Federal Tax Update Podcast

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Fraternal Society's Sale of Insurance Policies to Nonmember Spouses Is Unrelated Trade or Business
• Hawkins Says Tax Practitioners Don't Need Definitions of “Competence”
• Termination of S Corp Election Inadvertent, IRS Requires Corrective Actions
• Eleventh Circuit Affirms Stock Option Received for Performance of Services
• Broadcaster's Promotional Service Fees Earned as Independent Contractor
• Bankrupt QSub Did Not Have Property Interest in its QSub Status
• Tax 'Glitch' Disallowing Traders' Losses Is Proving Hard to Resolve
• Other Responsible Person's Payment Should Reduce Individual's Liability for Trust Fund Recovery Penalty
• Treasury Preparing Transition Rules for Proposed Disguised Sale Regulations

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Final Regs on Deemed Asset Sale Elections
• Tax Court Vacates Summary Judgment to IRS in Whistleblower Suit
• Restriction on Use of Property Affects Its Fair Market Value
• Partnership Income Accrues on Last Day of Partnership Tax Year
• Payments in Lieu of Health Benefits Are Taxable Wages
• Couple Wasn't Entitled to Deduct Interest Added to Mortgage Principal
• Q&A on Application Process for Groups Seeking Tax-Exempt Status
• Class Action Alleges IRS Agents IRS Agents Illegally Seized Medical Records

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Final Regs Require EIN Holders to Provide Current Information
• Taxable Coop Can't Aggregate Patronage, Non-patronage Income for QDPD 
• Elected Constables Are Employees for Tax Purposes; County Is Employer
• Corporate Donation of Depreciated Property Not Subject to Sec. 291 Reduction
• JCT Report and W&M Working Groups Could Smooth Route to Tax Reform
• Tax Court Remands Case to IRS Appeals Office for Consideration, Clarification
• Tax Court Dismisses Case Filed by Entity Whose Corporate Status Was Suspended
• Researcher, Writer Can't Deduct Expenses for Trips to France
• Individuals Engaged in Prohibited Transactions With IRAs

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Maximum Values of Employer-Provided Vehicles for 2013
• Determination of Trusts' Material Participation in Company
• American Bar Retirement Association Wasn't Tax-Exempt Business League
• Couple Denied Loss Deductions, Liable for Accuracy-Related Penalty
• Guidance Published on Whether Health Plans Provide Minimum Value
• Trusts Were Shams, Disregarded for Federal Tax Purposes
• IRS to Amend Rules on Bottom-Dollar Guarantees

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• IRS Publication on Requesting Certificate of Release of Tax Lien
• Final Report on Tax-Exempt Colleges and Universities Compliance Project
• Settlement Guidelines on Federal Tax Treatment of Refundable New York State Enterprise Zone Credits
• Scary Tax Reform Concepts
• CFO's Signature Ineffective on Power of Attorney Form
• Marketplace Fairness Act Clears Another Procedural Hurdle in Senate
• Ninth Circuit Affirms Tax Court Valuation of Life Insurance
• Couple Had Unreported Income; Deposits Analysis Found Credible