2024-09-09 More BOI Reporting Issues

2024-09-09 More BOI Reporting Issues

Author: The Ohio Society of CPAs September 9, 2024 Duration: 29:32

This week we look at:

  • Additional BOI clarifications from online discussions regarding a CPA firm's reporting obligations and confusions about reporting by entities that don't register with a state for formation but which do file tax returns

Produced by The Ohio Society of CPAs, the Federal Tax Update Podcast is a resource for accounting professionals and business owners navigating the complexities of U.S. tax law. This regular audio series cuts through the noise of legislative changes, IRS announcements, and court rulings to deliver clear, actionable analysis. Each episode focuses on the practical implications of new developments, translating dense regulatory language into understandable guidance that can be applied directly to client work or business strategy. The discussion moves beyond mere headlines, delving into the nuances of how these changes affect various entities, from individuals and small businesses to corporations and estates. It’s a tool for staying informed and compliant in a field where the rules are constantly shifting. By tuning into this podcast, you gain access to timely explanations that help demystify recent updates, anticipate potential pitfalls, and identify planning opportunities. The content is grounded in the real-world perspective of tax practitioners, making it an efficient way to stay current amidst a demanding schedule. Whether you're preparing for the upcoming filing season or advising clients on mid-year strategies, this series provides a focused update on the federal tax landscape, emphasizing accuracy and relevance for those who need reliable information without the sales pitch.
Author: Language: English Episodes: 100

Federal Tax Update Podcast
Podcast Episodes
2025-10-06 Guidance Push in Shutdown Week [not-audio_url] [/not-audio_url]

Duration: 58:26
This week we look at IRS Updates PTIN User Fee Withdrawal of Corporate Reorganization Proposed Regulations IRS FY2026 Shutdown Contingency Plan Guidance on Rural Qualified Opportunity Zones New Interim Guidance on the Co…
2025-09-29 The End of Individual Refund Checks Approaches [not-audio_url] [/not-audio_url]

Duration: 1:08:47
This week we look at: Hobby Loss Rules: Young v. Commissioner, T.C. Memo. 2025-95 Drought-Forced Livestock Sales: IRS Notice 2025-52 Per Diem Rates: IRS Notice 2025-54 End of Paper Refunds: IR-2025-94 / E.O. 14247 Syndic…
2025-09-22 Catch-Up Contribution SECURE 2.0 Regulations Released [not-audio_url] [/not-audio_url]

Duration: 1:07:24
This week we look at: Final Regulations for Catch-Up Contributions (TD 10033) Draft Schedule 1-A (Form 1040) for 2025 Urgent Warnings of State Revenue Department Phishing Scams Tax Court Developments (Blomquist Holdings)…
2025-09-15 QBI Deduction, W-2 Wages and Section 280E [not-audio_url] [/not-audio_url]

Duration: 1:19:46
This week we look at: Court Frowns on Professional's Use of Randomly Generated Social Security Numbers Understanding the "Placed in Service" Rule for Electric Vehicle Credits Advisers Found to Owe Treble Damages to Impac…
2025-09-02 Better Late Than Never R&E Procedural Relief [not-audio_url] [/not-audio_url]

Duration: 1:29:10
This week we look at: Federal Circuit Ruling Finds Limits on Executive Authority to Impose Tariffs Under IEEPA Introduction to OBBBA R&E Expenditure Procedures Sixth Circuit Realigns on Tax Court Jurisdiction Innocent Sp…
2025-08-25 Stump the LLM [not-audio_url] [/not-audio_url]

Duration: 2:13:40
This week we look at: Federal Complaint Seeking ERC Refunds: Superior Pediatric Care v. United States Proposed Revisions to Partnership Information Reporting for Sales or Exchanges of Interests—Form 8308 Taxation of Unso…
2025-08-11 IRS Announces No Payroll Changes for 2025 [not-audio_url] [/not-audio_url]

Duration: 1:36:04
This week we look at: Urgent Guidance Requested on Section 174A Domestic Research and Experimental Expenditures Post-Referral Authority in Tax Litigation—IRS Lacked Authority to Approve ERC Refund Closer This Time, But S…
2025-08-04 A Late Tax Season Start Expected [not-audio_url] [/not-audio_url]

Duration: 1:38:10
This week we look at: Filing Season Forecast to Start in Mid-February in the Coming Season Settlement Proceeds Found to Be Taxable and Taxpayer Stuck With Late-Filing Penalties IRS Issues Relief for Certain Issues Relate…