Federal Tax Update Podcast

Federal Tax Update Podcast

Author: The Ohio Society of CPAs Language: English Episodes: 100
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.
Episodes
2024-11-25 IP PINs, Divorced Parents and Children [not-audio_url] [/not-audio_url]

Duration: 48:26
This week we look at: IRS announces program using IP-PIN to allow taxpayers who find a dependent on their return has already been listed on another to get their return processed immediately The ERC Second Voluntary Discl…
2024-11-18 End of Partnership Suspense Account at the IRS [not-audio_url] [/not-audio_url]

Duration: 58:57
This week we look at: IRS may stop putting "taxpayer may rely" statements on proposed regulations Tax Court rules partnership basis calculations are cumulative in nature and not stand-alone annual calculations under IRC…
2024-11-04 Retirement Plan Inflation Numbers [not-audio_url] [/not-audio_url]

Duration: 42:56
This week we look at: Retirement plan limits announced by the IRS, basically completing the tax inflation adjustments for 2025 IRS emailed Chief Counsel Advice outlines dealing with SECA and the net investment income tax…
2024-10-28 IRS Releases Most 2025 Inflation Adjusted Numbers [not-audio_url] [/not-audio_url]

Duration: 56:57
This week we look at: IRS releases inflation adjusted numbers for most items aside from retirement plans for 2023 IRS has more bad news for those who fail to pay over trust fund taxes to pay other expenses Another US Dis…
2024-10-21 Staking Returns for One More Try at Court [not-audio_url] [/not-audio_url]

Duration: 30:54
This week we look at: S corporation finds multiple ways to terminate its S status, asks IRS forgiveness which is granted IRS rules condoms are medical expenses for tax purposes IRS adds items to list of preventive care a…
2024-09-09 More BOI Reporting Issues [not-audio_url] [/not-audio_url]

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…
2024-09-03 BOI Review Time [not-audio_url] [/not-audio_url]

Duration: 58:57
This week we look at: DOJ has scheduled a December 2 hearing on the proposed rule to reschedule marijuana BOI reporting confusions that keep coming up as questions in online discussions - time to review
2024-08-26 IRS ERC Notices of Denial-Comments of the Taxpayer Advocate [not-audio_url] [/not-audio_url]

Duration: 1:03:58
This week we look at: IRS announces the reopening of the ERC Voluntary Disclosure Program on somewhat less generous terms then the first program provided National Taxpayer Adviser discusses issues related to ERC Notices…