May 27, 2013

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