Podcast Episodes
Back to Search2023-08-07 IRS Finally Tells Us Their Position on Staking Rewards
This week we look at:
IRS rules cryptocurrency staking rewards are taxable when taxpayer obtains dominion and control Interim guidance issued for home energy audit tax credit under IRC §25C added by…Published on 2 years, 1 month ago
2023-07-31 The ERC Hearing Before Congress Left for the August Recess
This week we look at:
Oversight Subcommittee of House Ways & Means Committee holds a hearing on ERC issues, discusses potential amnesty program IRS ending most announced revenue officer visits Taxpa…Published on 2 years, 1 month ago
2023-07-24 IRS Makes Clear Its Position on Extended Supply Chain ERC Claims
This week we look at:
IRS memo makes it clear the agency is very skeptical about extended supply chain ERC claims Third Circuit rules that equitable relief is available for failure to file Tax Court…Published on 2 years, 1 month ago
2023-07-17 IRS Extends RMD Relief by One Year
The IRS looks at:
IRS extends SECURE Act inherited IRA RMD relief for one additional year, adds special rollover rule for those born in 1951 due to SECURE 2.0 Act changes IRS grants relief to victim…Published on 2 years, 1 month ago
2023-07-10 Research Credit Blues
This week we look at:
S corporation loses on research credit claim and gets hit with penalties - risks of a credit study Exempt organization status denied for organization formed to raise funds for …Published on 2 years, 1 month ago
2023-07-03 Supreme Court, Protective Claims and 965 Transition Tax
This week we look at:
Supreme Court takes on §965 transition tax case for upcoming term: what do we do to protect our clients? The IRS releases draft versions of key 2023 partnership income tax re…Published on 2 years, 2 months ago
2023-06-26 Sherlock Holmes and Tax Research
This week we look at:
IRS ends COVID-19 relief for high deductible health plans effective for plan years ending after 12/31/24 Taxpayer fails in attempt to get IRS permission to make a late §475(f) …Published on 2 years, 2 months ago
2023-06-19 What Could Be the Harm of Filing an ERC Claim?
This week we look at
OIRA is no longer going to review IRS regulations before issuance
IRS updates list of automatic accounting method changes
Proposed regulations issued on transfers of certai…
Published on 2 years, 2 months ago
2023-06-12 Opening Offer in Negotiations for 2023 Tax Package
This week we look at:
3 proposed tax bills introduced by Chair of House Ways & Means Committee Wellness indemnification payment is taxable income to employee and subject to payroll taxes IRS grants …Published on 2 years, 2 months ago
2023-06-05 Hobby Losses Expenses Effectively Nondeductible
This week we look at:
Fourth Circuit does not agree with view expressed by Seventh Circuit in Menard, Inc. that C corporation reasonable compensation only depends on a reasonable return to investors…Published on 2 years, 3 months ago