Federal Tax Update Podcast

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• PTIN Statistics
• Individual's Prison Sentence for Failure to Remit Payroll Taxes Affirmed
• Siblings Are Liable for Capital Gain Taxes on Sale of Inherited Property
• Consideration Paid for Assignment Agreement Is Ordinary Income to Seller
• Record Label Activity Not for Profit, Couple Liable for Deficiency + Penalty
• IRS Failed to Corroborate Information On Form 1099 R
• Guidance on Determining Timeliness of CDP or Equivalent Hearing Requests

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Summary Judgment Denied in IRC Sec. 2035(b) Gift Valuation Issue
• Custom Home Builder Subject to IRC Sec. 263A and Must File 3115 to Change
• Supreme Court Grants Cert in Quality Stores
• Bike-Share Program Is Not a Qualified Transportation Fringe
• Individual's Claim of Tax Fraud Against Trustees Fails on Technical Grounds

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• BB&T STARS Transaction Lacked Economic Substance; Penalties Apply
• DOJ Announces $112 Million in Penalties in Abusive Tax Shelter Case
• Guidance on Application of Windsor to Employment Taxes
• Guarantors May Need to Document Net Worth
• Parent Allowed to Claim Dependency Deductions, Credits, Head of Household Status