Federal Tax Update Podcast

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Estate's Representative Held Liable for Decedent's Outstanding Tax Debt
• HHS Extends Individual Healthcare Mandate Hardship Exemption
• Examining the First-Quarter Effect of the Expired Extenders
• Wyden Planning Extenders Markup in Early April
• Toyota Cannot Deduct Record $1.2 Billion Penalty
• IRS to Hold Public Hearing on 501(c)(4) Proposed Rules
• IRS Bars Appraisers From Valuing Facade Easements for 5 Years
• IRA Rollover Limit Will Be Applied on an Aggregate Basis
• Estate Denied Refund of Taxes Paid on Constructively Received Income

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Tax Treatment of Per Capita Distributions to Members of Indian Tribes
• Guidance on Failure to File Affiliated Group Form
• Separately Filing Wife Not Protected by Husband’s Participation Under Passive Activity Rules
• Individual Didn't Meet Qualifications for Dependency Exemption or Credits
• Self-Insured Taxpayer's Legal Fees Are Not Specified Liability Losses
• State Law Bars Charitable Contribution Deductions for Easements 
• 7Estate's Deduction for Uncertain Litigation Claim Denied
• Amounts Forfeited After Insider Trading Conviction are Deductible

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• IRS Modifies Procedures for Accounting Method Changes for Depreciation, Disposition of Assets
• Form 8960 Instructions   
• NII Tax Form Instructions Include Items Not Applicable for 2013
• Working Capital and Inclusion Issues for IRC Sec. 1411
• IRS Allowed to Reduce Debtor's Refund for Repayment of First-Time Home Buyer Credit
• LB&I Issues Memorandum Updating Guidance on IDR Enforcement Process
• Fifth Circuit Affirms Controlling Partners Entitled to Deduct Operational Expenses
• IRS Issues Final Regs on Healthcare Coverage Information Reporting
• IRS Issues Final Regs on Information Reporting of Minimum Essential Coverage
• Treasury Releases Fact Sheet on Final ACA Information Reporting Regs
• IRS Releases Video Providing Tax Tips to Same-Sex Married Couples
• IRS Updates FAQ on Same-Sex Couples Married Under State Law
• Couple Not Entitled to 'Currently Not Collectible' Status
• IRS Releases Updated Audit Technique Guide on Farming Operations

Federal Tax Update Podcast
With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Request to Change Accounting Period Deemed Timely Filed
• Qui Tam Award Fails to Meet Requirements for Capital Gains Treatment
• State Court Document Doesn't Meet Requirements to Let Noncustodial Parent Claim Dependency Exemption
• Transaction Involving Allocation of State Tax Credits Was Disguised Sale
• Court Dismisses Suit Challenging Levy on Retirement Benefits
• IRS Issues Retirement Plans FAQ on EP Team Audit Program
• Final Regs on Property Transferred for Services
• Limits on Depreciation Deductions for Autos
• IRS Properly Disallowed Deduction for IRA Contribution
• Ninth Circuit Affirms Tax Lien Survived Bankruptcy, IRS May Levy on Pension Plan
• IRS Updates FAQ on Net Investment Income Tax