Source: https://www.currentfederaltaxdevelopments.com/podcasts/?offset=1479689761900
Timestamp: 2018-03-21 16:22:36
Document Index: 87771959

Matched Legal Cases: ['§501', '§1031', '§2704', '§83', '§199', '§355', '§501']

Weekly Updates — Current Federal Tax Developments
2016-11-14 A New President's Tax Proposal
November 14, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of November 13, 2016, brought to you by your state society of CPAs and Nichols Patrick CPE.
This week we're doing something a little different. The one major development this week is that we now have a President Elect so we will take a look at the proposal listed on the www.donaldjtrump.com site. It seems very possible this will become the starting point for a 2016 tax bill.
The audio podcast can be streamed or downloaded below.
There is no PDF this week, but rather you can look at the proposal at:
Tax Proposal - Donald J. Trump website
November 14, 2016 /Ed Zollars, CPA
2016-11-07 Sometimes Signing Just Ain't Enough
This is Current Federal Tax Developments for the week of November 7, 2016 - Sometimes Signing Just Ain’t Enough. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
This week we’ll look at the following:
More phishing for preparer’s creditials
Employer match created material difference in present value for deferred compensation purposes
Retirement plan limits for 2017 are out
Suspended corporation left without a means to challenge IRS action
Signing checks did not make taxpayer a responsible person
The audio for this week's podcast can be streamed or downloaded via the link below.
A PDF with this week's articles can be downloaded from the link below.
2016-11-07 Current Federal Tax Developments
2016-10-31 Indexed Treats for Halloween
October 29, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of October 24, 2016 - Indexed Treats for Halloween. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE,
Former Tax Court Judge Enters a Guilty Plea to Conspiracy
IRS gives inflation adjusted numbers for 2017
Love offerings turn out to be taxable
The meaning of “incluidng” is key to a Tax Court decision
Social security indexed numbers issues for 2017 (including domestic worker numbers)
ACA relief for colleges extended
The audio version of this week's podcast can streamed or downloaded below.
Articles for each of this week's developments can be found in the PDF you can download below:
2016-10-31 Current Federal Tax Developments
October 29, 2016 /Ed Zollars, CPA
2016-10-24 Can't Escape the Lien
October 23, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of October 24, 2016 - Can’t Escape the Lien. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE,
IRS issues updated capitalization Audit Technique Guide
Retirement plans given flexibility to assist participants affected by Hurricane Matthew
Omission of prior year’s gifts does not extend statute to assess tax
Former spouses’s tax liens can be foreclosed upon even though property transferred as division of community property
Inauguration Day is a due date holiday
The audio only version can be streamed or downloaded via the links below.
The articles for the items discussed this week can be downloaded in the PDF below.
2016-10-24 Current Federal Tax Developments
October 23, 2016 /Ed Zollars, CPA
2016-10-17 Dealing with Disaster Issues
This is Current Federal Tax Developments for the week of October 17, 2016 - Dealing with Disaster Issues. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS delays secure access for e-Services
IRS describes method to elect prior year disaster loss deduction
Non-acquiesence in Giant Eagle
Trust denied charitable contribution
S election terminated by shareholder leaving U.S.
IRS takes position that guaranteed payments can’t limit partner’s SE income
Ninth Circuit agrees only original return counts for Section 6707A penalty
Matthew relief for affected North Carolina individuals announced by IRS
You can stream or download audio below.
A PDF of the articles for this week's material can be downloaded below.
2016-10-17 Current Federal Tax Developments
2016-10-03 Relief for IRS Relief
October 01, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of September 26, 2016 - A Week of Cases. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS tells more employees not to initiate contact by phone
When is a health benefit plan not a health benefit plan
Taxpayer fails to present proof plan had more than 10 employers
Another SILO transaction fails to lead to the expected tax benefits
The Tax Court does not accept that land was held for investment at time of sale
The audio only version of this week's update can be streamed below or downloaded.
A PDF of the articles for this week's update can be downloaded below.
2016-10-03 Current Federal Tax Developments
October 01, 2016 /Ed Zollars, CPA
2016-09-26 A Week of Cases
September 24, 2016 by Ed Zollars, CPA
The audio can be stream or downloaded below.
Articles for this week's developments can be downloaded below:
September 24, 2016 /Ed Zollars, CPA
2016-09-19 Reasonable Cause
September 18, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of September 19, 2016 - Reasonably Late Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
Minister’s vow of poverty failed to allow him to escape tax
Former spouse discovers payment is actually alimony
Taxpayers can’t ignore the corporation they created - despite IRS doing so on two prior exams
Merely serving a deserving individual not enough to gain tax exempt status
The IRS looks at what is and is not reasonable cause - and states a preference for using the first time abatement program
The audio update can be downloaded or streamed below.
A PDF file with articles on this week's updates can be downloaded from the following link:
September 18, 2016 /Ed Zollars, CPA
2016-09-12 Justified Paranoia
September 11, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of September 12, 2016 - Justified Paranoia, recorded from my hotel room outside Newark Liberty International Airport this week. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS announces two dozen preparer’s systems have been cormpromised for ID theft
A non-tax motivated grouping can’t be changed by the IRS
Income from forfeited deposit on purchase of building used in business is ordinary income
A request to re-elect S status early is denied by the IRS
Court analyzes whether advances to S corporation were loans or capital contributions
Taxpayer discovers limits of relief provision for IRA overcontributions
Court of Appeals finds TEFRA doesn’t block managing partner from raising reasonable cause defense disallowed at partnership level
The audio version of this week's broadcast can be streamed or downloaded below.
The articles for this weeks development are available for download at the link below;
2016-09-12 Current Federal Tax Developments
September 11, 2016 /Ed Zollars, CPA
2016-09-06 Old Court Cases Get Another Look
September 04, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of September 6, 2016 - Old Court Cases Get Another Look. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS to start notifying taxpayers of employment related ID theft
Taxpayer finds buying a computer didn’t qualify for American Opportunity Tax Credit
Ninth Circuit upholds Shea Homes case on appeal
IRS decides Coverdell ESAs subject to same rollover limits as traditional IRAs
Regulations finalized on post Obergefell and Windsor definition of marriage
The audio session can be streamed or downloaded below
A PDF with the articles for the cases discussed this week can be downloaded below.
2016-09-06 Current Federal Tax Developments
September 04, 2016 /Ed Zollars, CPA
August 29, 2016 - Stop Asking Us for Letters
August 26, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of August 29, 2016 - Stop Asking Us For Letters. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS offers an option for signing up for secure services online other than a postpaid cell phone
Installment agreements are likely to become more costly to enter into - unless it’s all done online
The Sharing Economy Tax Center created by the IRS
The IRS creates a greatly expanded option to obtain late IRA/qualified plan rollover relief without requiring a letter ruling
Poor records cause taxpayer to be taxed on all distributions of S corporation as in excess of basis
Average monthly bronze premiums for 2016 for individual shared responsibility payments released
This week's audio can be either streamed via the link below or downloaded to your system.
Articles related to this week's broadcast are found in the following PDF file.
2016-08-29 Current Federal Tax Developments
August 26, 2016 /Ed Zollars, CPA
August 22, 2016 - Being Reasonable
August 20, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of August 22, 2016 - Courts Tell IRS to Be Reasonable. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
A taxpayers finds no deduction allowed because she hadn’t begun a business
IRS wins, but most likely ends up having given taxpayer an additional deduction
An email looks at the employment status of adult companions
A partnership had reasonable cause for late filing due to extremely unreliable information on its only investment
§501(c)(3) corporation still subject to lower large corporation interest on overpayment
A taxpayers mistake regarding year of deduction provided reasonable cause for late filing
An audio only version can be streamed or downloaded below
The articles for the topics discussed this week can be found in the PDF file listed below.
2016-08-22 Current Federal Tax Developments
August 20, 2016 /Ed Zollars, CPA
August 15, 2016 - Seeing if the Phish Will Bite
August 14, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of August 15, 2016 - Seeing if Phish Will Bite. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS issues phishing attack masquerading as tax software update being aimed at preparers
IRS agents ordered not to initiate contact via phone in another situation
A taxpayer discovers divorce decree determination for claiming exemption irrelevant for federal taxes
A real estate professional discovers the difference between “not automatically passive” and “materially participating”
Relief granted to CRATs due to low interest rates
The Tax Court looks to form over substance in reverse §1031 exchange
IRS gives guidance on ITIN changes imposed by PATH--and modifies a difficult to administer portion of the Act
An audio version of this week's update can be streamed or downloaded below.
A PDF containing all articles for the items discussed this week is available below.
2016-08-15 Current Federal Tax Developments
August 14, 2016 /Ed Zollars, CPA
August 8, 2016 - The IRS Strikes Back
August 06, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of August 8, 2016 - The IRS Strikes Back. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
AICPA has its turn to lose in court over IRS voluntary preparer licensing program
An accountant losing his job didn’t cost him a deduction for an MBA degree
IRS throws in the towel regarding home mortgage interest deductions for unmarried couples
While a bankruptcy estate owned income taxes on income that was part of the estate, the debtor had to pay the self-employment tax
The IRS attempts to bring the §2704 hammer back from the ashes
The IRS decides to kick the can down the road on the new partnership audit rules by allowing an early “opt-in” decision to be made only after the notice of exam
The audio for the update can be streamed or downloaded below.
You can download a PDF with the articles for this week from the link below.
2016-08-08 Current Federal Tax Developments
August 06, 2016 /Ed Zollars, CPA
August 1, 2016 - The Cost of Doing the Right Thing
July 30, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of July 25, 2016 - The Cost of Doing the Right Thing. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
This week we’ll look at the following::
Online poker site isn’t a financial institution
IRS formally reduces the paperwork associated with an §83(b) election
Network and not sports league can get §199 deduction
Draft of expanded preparer due diligence form released by IRS
Paying laid off employee’s final payroll exposed CEO to trust fund penalty (moral - nice guys pay all the bills)
The audio version of this week's update can be downloaded below or you can listen to it online.
This week's articles in PDF form can be downloaded below:
2016-08-01 Current Federal Tax Developments
July 30, 2016 /Ed Zollars, CPA
July 25, 2016 - Fraud and Changing Procedures
July 23, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of July 25, 2016 - Fraud and Changing Procedures. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS restarts program to allow obtaining replacement IP PINs online-but many may not be able to use it
Letters will be sent before the IRS contacts employers for federal tax deposit alerts
Do you need to own oil and gas properties to claim the benefits of the rapid write off of geological and geophysical expenses?
IRS creates safe harbors that apply to certain transactions attempting to meet the requirements for a tax free distribution under §355
The word “excessive” does not include what might be considered “unfair” interest
Taxpayer tries to block imposition of pre-notice interest on transferee liability
The audio only version of this week's broadcast can be streamed online or downloaded for listening offline via the link below:
You can download a PDF with this week's articles below:
2016-07-25 Current Federal Tax Developments
July 23, 2016 /Ed Zollars, CPA
July 18, 2016 - Late is Not Always Better Than Never
July 16, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of July 18, 2016 - Late Isn’t Better Than Never Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
Ninth Circuit finds a way to decide a discharge of tax liability in bankruptcy case without visiting the question of whether a late filed return ever can have its liability discharged
Department of Labor and IRS announce significant proposed revisions to Forms 5500
The birth of a child was an unforeseen circumstance in the view of the IRS
A state court couldn’t fix a decedent’s significant IRA planning error
IRS issues the §501(c)(4) notice rules
The audio for this week is available below.
The articles for this week's podcast can be downloaded as a PDF below:
2016-07-18 Current Federal Tax Developments
July 16, 2016 /Ed Zollars, CPA
July 11, 2016 - Data Attack
July 09, 2016 by Ed Zollars, CPA
This is Current Federal Tax Developments for the week of July 11, 2016 - Data Attack Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS Warns Preparers to Be Aware of Data Loss
Proposed Regulations on Health Care Credit Provide Design for “Opt-Out” Programs
What Doesn’t Work in Proving Equitable Ownership of a Residence
Court of Appeals Agrees Working Interest Owners Are Subject to Self-Employment Tax Under Partnership Rules
IRS Explains to the Court How It Applied a Refund Before It Received the Return
You can download a PDF with the articles for this week's topics below:
2016-07-11 Current Federal Tax Developments
July 09, 2016 /Ed Zollars, CPA
July 5, 2016 - Crowdsourcing and Taxes
July 02, 2016 by Ed Zollars, CPA
Security Summit 2016 report issued - and preparer security is an issue
The interaction between crowdsourcing and taxes discussed in an IRS letter
A taxpayer’s testimony was enough for the Tax Court to find him insolvent
The IRS didn’t find the taxpayer’s medical claim believable for a late IRA rollover
The Night Circuit finds Congress intended for the Tax Court to do more than just contemplate the statute of limitations for a partner
The Federal Circuit outlines when changes in a consolidated group will affect interest netting.
The audio only version can be found (and downloaded if you like) below.
The materials for this week's session can be downloaded below:
2016-07-05 Current Federal Tax Developments
July 02, 2016 /Ed Zollars, CPA
June 27, 2016 - Unforgivable Errors
June 25, 2016 by Ed Zollars, CPA
Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.
IRS has to shut down electronic filing PIN program yet again
Taxpayer’s mistake in dealing with inherited annuity can’t be fixed
No documentation, no charitable deduction
Proposed regulations on deferred compensation arrangements on which taxpayers may rely
Taxpayer who went ahead with transaction despite warnings from two advisers finds ignoring the advice is costly
Materials related to this week's podcast can be downloaded below.
2016-06-25 Current Federal Tax Developments
June 25, 2016 /Ed Zollars, CPA