Federal Tax Update Podcast

Fri, 31 January 2014

With E. Lynn Nichols, CPA

This week's podcast includes:

Promised Revenue Procedure Provides Guidance For Compliance With New Tangible Property Regulations (aka “Repair Regs”)
Significant Changes to Forms 990 and 990-EZ for 2013 Returns Due May 15, 2014
Final Regulations Offer Taxpayers Choice Of Authority For Calculating Certain Items of Investment Income For Purposes of Determining “Net Investment Income” Subject To 3.8% “Medicare Tax”
SB/SE Exam Unit May Disclose Federal Tax Return Information to OPR
Company Granted Relief From Late Association Status, S Corp Elections
Revenue Procedure 2013-30; 2013-36 I.R.B. 173; 8/14/2013

Direct download: Federal_Tax_Update_01_27_2014.mp3
Category:Federal Tax Update -- posted at: 9:50am EDT

Fri, 24 January 2014

Federal Tax Update Podcast
With E. Lynn Nichols, CPA

This week's podcast includes:

Final Regs on Sales-Based Royalties and Vendor Allowances
Expired Extenders Trigger Financial Reporting Complications
JCT Lists Expiring Federal Tax Provisions Through 2024
Eighth Circuit Affirms Surgeon's Tax Evasion, Fraud Convictions
IRA Distribution Rollover Requirement Waived
Each Spouse Files Separate Schedule C for Qualified Joint Venture
IRS May Assess Penalty for Failure to File Foreign Gift Information Return
Corporation May Deduct Insurance Premiums Paid to Captive
Taxpayers Did Not Act on Plans to Develop Land and Can Not Deduct Planning Expenses
Partnership Loss Transfer and Basis Reduction Rules

Direct download: Federal_Tax_Update_01_20_2014.mp3
Category:Federal Tax Update -- posted at: 12:16pm EDT

Thu, 23 January 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

This week's podcast includes:

Draft Instructions for Form 8960 and Pass-Thru Entities Provide Insight Into NII Tax Reporting
Business's Relocation Expenses
Tax Implications of Short Sale of California Home
Reporting Obligations for Payments in Possible 2-Step Transaction
Payments to Care for Disabled Son Not Excludable From Parent’s Income
Executive Sues Deutsche Bank and BDO Seidman for Fraud
Gain on Property Sales Was Taxable as Ordinary Income
Minister Not Liable for Self-Employment Tax; Exemption Form Timely Filed
Interest Paid on Unrecorded Mortgage Loan Was Not Deductible

Direct download: Federal_Tax_Update_01_13_2014.mp3
Category:Federal Tax Update -- posted at: 8:39am EDT

Thu, 16 January 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

This week's podcast includes:

Direct download: Federal_Tax_Update_01_06_2014.mp3
Category:Federal Tax Update -- posted at: 8:47am EDT

Mon, 13 January 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

This week's podcast includes:

Proposed Regs on Allocation of Partnership Liabilities
Required Records Doctrine Overrides Fifth Amendment Privilege Claim
Cafeteria Plan Guidance for Same-Sex Couples
Nonprofit Corporation Not Operated for Charitable Purpose
IRS to Delay Opening of 2014 Filing Season Until January 31
Business Filing Season Starts January 13
Tenth Circuit Affirms Tax Court's Economic Substance, Penalty Determinations
Tax Court Denies Professor's Unsubstantiated Deductions, Holds Him Liable for Penalties

Direct download: Federal_Tax_Update_12_23_2013.mp3
Category:Federal Tax Update -- posted at: 1:21pm EDT

Tue, 7 January 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

This week's podcast includes:

Proposed Regs on Deductibility of Start-Up, Organizational Expenses for Partnerships
2014 Standard Mileage Rates
Payments to Veterinarian Not Exempt From Information Reporting
Couple Prevailed in Tax Dispute, Court Awards Attorney Fees
Manufacturer Using Improper Accounting Method for Advance Payments
Fifth Circuit Affirms Corporation Wasn't Entitled to Bad Debt Deductions
Surrender of Securities Resulted in Capital Loss

Direct download: Federal_Tax_Update_12_16_2013.mp3
Category:Federal Tax Update -- posted at: 9:32am EDT

Federal Tax Update Podcast Series