Federal Tax Update Podcast

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Streamlined Exemption Application Available to Small EOs
• Tenth Circuit Affirms Decision Denying Tax Refund for Corporation
• Fellowship Cash Stipend, Grant Funds Subject to Tax
• Couple Didn't Operate Amway Activity for Profit, Deductions Denied
• 2015 Inflation-Adjusted Amounts for HSAs
• SB/SE Interim Guidance on OIC Payment Options
• SB/SE Guidance on Principal Residence Foreclosure Suits

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Foreclosure on Passive Activity Property Is Taxable Transaction
• Estate Failed to Make a Valid Installment Payment Election
• Tax Court Orders Production of Opinion Letters, Privilege Waived
• Individual Entitled to Dependency Exemption Deduction and Child Credits
• Individual Not Allowed to Deduct Losses From Rental Activity

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Guidance on Application of Windsor to Pension Plans
• Penalty for Failure to Deposit Employment Taxes
• Tax Consequences of Guaranteeing LLC Debt
• Thoroughbred Owner Materially Participated, Entitled to Losses
• Guidance on State-Chartered Credit Unions and UBIT
• Company Officers Held Liable for Trust Fund Recovery Penalties
• Individual Didn't Reasonably Rely on Tax Savings Plan Promoter
• 6-Year Limitations Period Applies to Injured Spouse Claims

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Health FSA Participants Are Ineligible for HSAs
• Scope of Power of Attorney in Light of Disclosure Rules
• IRS Reissues SB/SE Interim Guidance on In-Business Trust Fund Express Installment Agreements
• Individual Denied Vehicle Expenses for Lack of Substantiation
• Vehicle Expense Deductions Disallowed; Penalty Imposed
• Separate Filings Rule Should Apply to Allocate Joint Refund in Bankruptcy
• Real Estate Professional Failed to Show Material Participation
• Accountants Awarded Damages Following False Information Return Filings
• How To Prepare a Collection Information Statement
• Couple Co-owners of Property Despite Quitclaim Deed, Tax Lien Valid
• IRS Publication Provides Guidance for Religious Groups

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

• Download podcast
• Download citations

This week's podcast includes:

• Maximum Values of Employer-Provided Vehicles for 2014
• Passive Activity Properly Treated as an Insurance Business
• Lawsuit Settlement Liabilities Were Deductible Business Expenses
• Countries for Which Income Exclusion Requirements Are Waived
• Supreme Court Reverses Sixth Circuit in Quality Stores, Severance Payments Subject to FICA Taxes
• Guidance on Application of Tax Principles to Virtual Currency Transactions
• Trust Materially Participated in Real Property Business, Qualifies for Passive Activity Exception