New Podcast | 5-20-2019

This week’s podcast focuses on the following items: Review Wolters Kluwer IRS response and other issues IRS releases a new worksheet for computing tax when there are 25% or 28% gains Tax Court finds IRS did not have authority to find Medicare difficulty payments nontaxable in Notice 2014-7 CA10 agrees with Tax Court that S […]

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New Podcast | 5-15-2019

This week’s podcast focuses on the following items: Wolters Kluwer CCH systems suddenly taken offline due to malware issue GAO criticizes security of e-file providers and software developers IRS updates maximum vehicle values for cents-per-mile and FAVR IRS clarifies redemptions treated as dividends taxation when paid during post-termination transition period Deduction for Connecticut estate taxes […]

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New Podcast | 5-7-2019

This week’s podcast focuses on the following items: Taxpayer’s marriage forces repayment of advance PTC, unfairness is not a defense State tax refundable credit in excess of taxes is taxable income to taxpayer IRS expands determination letter to cover a limited number of existing plans LLC operating agreement adoption terminates S election You can listen to […]

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New Podcast | 4-30-2019

This week’s podcast focuses on the following items: Taxpayer finds expense can’t be assigned to business based on best result IRS greatly expands the FAQ on Section 199A, including a major surprise to many on handling S corporation shareholders IRS updates the EPCRS program to add more self-correction options Chief Counsel Email holds that using […]

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New Podcast 4-23-2019

This week’s podcast focuses on the following items: Draft forms issued to be used to report §199A deduction on 2019 returns Proposed regulations address NRA potential current beneficiaries of ESBTs that are also grantor trusts Memorandum address impact of §318 attribution rules on §1372 and self-employed health insurance deduction Second (and maybe final) set of […]

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New Podcast | 4-16-2019

This week is a break from the regular updates. The program takes an overview at the end of tax season of where we stand on guidance on the TCJA, including what is final, what is likely to become final in the near future, and those areas current without guidance. This week’s podcast also focuses on […]

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New Podcast | 4-8-2019

This week’s podcast focuses on the following items: IRS sends proposed regulations on §199A for cooperatives to OIRA for review PMTA outlines intereaction of home office and SALT cap Trade or business definition for instructions in Form 461 issue identified by IRS Second Circuit reverses Tax Court decision that found a tax “black hole” You […]

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New Podcast | 3-25-2019

This week’s podcast focuses on the following items: QBI and disallowed passive losses Minister’s housing allowance ruled to be acceptable under the U.S. Constitution Pilot had no profit motive for business related to vintage World War II aircraft IRS suspends two Revenue Rulings related to active trade or business issues under §355 Relief from underpayment […]

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New Podcast | 3-7-2019

This week’s podcast focuses on the following items: Tax Refunds and the 2019 Tax Returns A look at the special rules under §111 for tax benefit and how it impacts state tax refunds from 2018 returns No Fifth Amendment defense against assertion that taxpayer is trafficking under §280E IRS grants extension of time to file […]

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New Podcast | 2-25-2019

This week’s podcast focuses on the following items: State found to illegally discriminate against federal law enforcement retirees due to tax break for state law enforcement retirees IRS decides expanded availability of meal delivery means fewer meals are truly for the convenience of the employer IRS acquiesces in case regarding meals for hockey teams Politico […]

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