Federal Tax Update Podcast

Nichols Patrick Weekly Federal Tax Update Podcast with Ed Zollars, CPA

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This week's podcast includes:

• IRS Issues Warning About Phone Scams
• IRS Determines Virtual Sorority Cannot Be a Section 501(c)(7) Social Club
• Tax Court Clarifies Calculation of Gross Income Following Home Concrete Decision
• And Much More...

Nichols Patrick Federal Tax Update Podcast with Ed Zollars, CPA

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• Download citations

This week's podcast includes:

• Taxpayer Met Material Participation Standard Based on the "Facts & Circumstances" Test
• IRS Makes Revisions to LCM Retail Inventory Method & Provides for Automatic Accounting Method Change
• CFO Still Responsible Person Despite Lender's Refusal to Advance Funds to Pay Payroll Taxes, Rather Demanding Payment of Other Expenses
• And Much More...

Nichols Patrick Weekly Federal Tax Update with Ed Zollars, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Taxpayers Participating in Gambling Treatment Program Where Any Winnings are Forfeited to the State Not Taxable on Winnings Forfeited
• "Disregarded" LLC Must Be Considered When Valuing Charitable Contribution
• IRS Issues Last Set of Final Regulations from Tangible Property Project Related to Group Asset Accounts
• Fact that TMP Was Under Criminal Investigation Did Not Invalidate FPAA
• And Much More...

Nichols Patrick Weekly Federal Update Podcast with Ed Zollars, CPA

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• Download citations

This week's podcast includes:

• Office in Home Rules Applied to RV, No Deduction Allowed Despite Showing of Business Use
• Despite Admission of Advisor of Giving Bad Advice, IRS Denies Late Rollover Relief
• Aircraft Was Separate Activity from Business, Taxpayer Failed to Show Material Participation
• Final Whistleblower Regulations Issued by IRS
• And More...

Nichols Patrick Weekly Tax Update with Edward K. Zollars, CPA

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• Download citations

This week's podcast includes:

• Court Allows for Unavoidable Personal Use of Office Portion of Studio Apartment, Grants Deduction
• Advisor's Assurance that Investment Would Be Returned Within 60 Days Found to Provide Cause to Grant Relief for Late Rollover
• No Current Deduction Allowed for Unredeemed Portion of Customer Loyalty Program Discounts, as Fact of Liability Not Yet Established
• Draft Form to Report Individual Shared Responsibility Payment Exemption Released by IRS
• IRS Releases Reconciliation of Premium Tax Credit Form
• And More....