Current Federal Tax Developments

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Episodes of Current Federal Tax Developments

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Alimony issues still are relevant for many taxpayers, the IRS discusses deductible medical costs and more
We look at what will happen to 2020 Form 1040 overpayments applied to 2021 taxes for underpayment penalty purposes, the IRS defines what is a restaurant and more.
A look at the odd situation under §51(i)(1) and the employee retention credit, plus additional IRS guidance issued this week.
IRS quietly updates how to calculation modified adjusted gross income for ARPA unemployment exclusion, PPP loan program extended and more.
IRS finally relents and extends the tax deadline for Form 1040s only to May 17, but keeps 1st estimate for 2021 due on April 15, as well as other developments
Congress has passed and the President has signed into law the American Rescue Plan Act of 2021 which we look at this week in summary.
The IRS finally releases guidance on how the 2020 revised employee retention credit interacts with PPP loan forgiveness applications, gives more guidance on virtual currency question on Form 1040 and more.
The House passes a new tax bill, late changes are made to the PPP loan program again.
§280E bars more than just §162 deductions, taxpayer cannot claim legal malpractice award as being related to physical injury, calls come to push back filing deadline and more.
Taxpayer fails to get FBAR penalty relief, Tax Courts outlines when it will allow a taxpayer to argue substance over form, and IRS warns about a phishing scam.
Form 1040 instructions add to the confusion over virtual currency question on return, IRS orders banks to issue corrected Forms 1099 for SBA loan payments and more.
IRS gives advice to victims of unemployment compensated related identity theft, a revised Form 7200 released in draft form that indicates how employers will claim the advance employee retention credit and more.
The IRS releases first guidance on revised 2020 ERC program, limited penalty relief provided for tax basis capital reporting on partners' K-1s, and a lot of SBA guidance on the PPP loan programs as revised by the CAA.
The IRS delays the acceptance of returns until February 12, the IP-PIN voluntary program opens up nationwide and more.
This week we look at the two IFRs issued by the Small Business Administration for the revised PPP loan program.
IRS finalizes accounting method regulations, proposes a user fee for estate tax closing letters, an email explains the statute of limitations and the added time to file 2019 returns, and more.
A summary of employee retention credits found in the Consolidated Appropriation Act, 2021, a bill that is currently in limbo as the President has threatened not to sign the bill without specific changes.
The pieces of the proposed PPP provisions in the COVID-19 relief bill being negotiated by Congress for potential passage.
SBA indicates that §1112 payments made by SBA on §7(a) loans will be taxable to recipients, IRA gives some guidance on two CARES plan provisions, and more activity.
IRS security week brings announcement of expansion of opt-in IP PIN program nationwide and advice to make use of multi-factor authentication and more
A taxpayer finds that the IRS does not generally give relief for late filed elections under IRC §475(f) as well the release of two sets of final regulations.
IRS releases guidance for borrowers who have not received forgiveness by year end, more information will be requested on 2020 Form 1120-S Schedule K-1, and more.
IRS may be about to releases additional guidance on deducting expenses paid with PPP funds, IRS concedes that entity level tax SALT workarounds work and more.
IRS issues revised tables for computing RMDs effective in 2022, a taxpayer discovers believing your CPA filed an extension is not reasonable cause for late filing and more.
The SBA announces questionnaires for large PPP borrowers and an unconfirmed copy is distributed online, the IRS gives instructions on preparing W2s for employers that deferred employee FICA from September 1 and more
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Podcast Details

Created by
Kaplan Professional Education
Podcast Status
Active
Started
Mar 2nd, 2016
Latest Episode
Apr 17th, 2021
Release Period
Weekly
Episodes
268
Avg. Episode Length
43 minutes
Explicit
No
Order
Episodic
Language
English

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