Free Federal Tax Podcasts 

Get up-to-date news on federal tax legislation, court cases and other developments with the weekly podcast "Federal Tax Update" with E. Lynn Nichols, CPA, Michael Mares, CPA, ABV, J.D. and Edward Zollars, CPA.  There is no CPE credit available for these podcasts.  These are provided to assist you in becoming more informed in federal tax legislation.

January 31, 2012- Federal Tax Update:  Final Regs on Exclusion of Physical Injury or Sickness Damages; Restaurant Property and Retail Improvement Property May Qualify for Bonus Depreciation; Work Product Privilege Waived for Penalty Defense Documents; and more.

January 23, 2012- Federal Tax Update:  Maximum Values of Employer-Provided Vehicles for 2012; Parent Corporation Bound by Original Price Allocations; Medicare Contribution Tax Will Apply to S Corp Shareholders; and more.

January 16, 2012- Federal Tax Update:  Unemployment Insurance Payments Not Subject to Employment Taxes;  IRS Reopens Offshore Voluntary Disclosure Program With Price Increase;  LLC Lacked Economic Substance, Sustains Individual Deficiencies; and more.

Capitalize vs. Expense Regs: On December 23, 2011, the IRS issued regulations on capitalization as both Proposed and Temporary (TD 9564).  This podcast will explore these regulations.

January 9, 2012- Federal Tax Update:  AMT Patch, Tax Extenders Top List of Expired Tax Provisions;Offshore Disclosure, FATCA Reflect IRS Enforcement Efforts;IRS Continues Preparer Oversight as OPR Refines Focus; and more.

January 3, 2012- Federal Tax Update:  Final Regs on Cost-Sharing Arrangements; Temporary Regs Implement Use of Differential Income Stream for Cost-Sharing Arrangements;Temporary Regs Implement Use of Differential Income Stream for Cost-Sharing Arrangements; and more.

December 19, 2011- Federal Tax Update:  Patent Infringement Defense Fees to Be Capitalized; Value of Stock Transferred on Option Exercise Includable in Individual's Income, Deductible to Company;Guidance on Recurring Item Exception to All Events Test; and more.

December 12, 2011- Federal Tax Update:  Substitution Power Does Not Cause Inclusion of Insurance Policy in Asset Value of Grantor's Estate; No First-Time Home Buyer Tax Credit for Son’s Residence; Medical Practice Included in Hospital Affiliated Group; and more.

December 5, 2011- Federal Tax Update:  Proposed Regs Address Material Participation of Limited Partner for Passive Activity Loss Rules; LB&I Memorandum on Capitalization of Electric Transmission, Distribution Property Expenses; LB&I Memorandum on Application of Capitalization Principles to Telecom Network Assets; and more.

November 28, 2011- Federal Tax Update:  Metadata Within Documents Are Fair Game for Summons; Social Club's Tax-Exempt Status Revoked; Couple Liable for Reportable Transaction Understatement Penalty on 2004 Return; and more.

November 21, 2011- Federal Tax Update:  LB&I Memorandum on Accounting Method Changes for Advance Payments; Procedure for Accounting Method Change for Advance Payments; NYSBA Tax Section Submits Report on Application of SE Tax to Partners; and more.

November 14, 2011- Federal Tax Update:  Transfer of Fishing Rights Should Be Treated as Ordinary Income; Hawkins Clarifies That OPR Won't Second-Guess Preparers' Advice; IRS Memo Indicates Civil Unions Are Marriages for Federal Tax Purposes; and more.

November 7, 2011- Federal Tax Update:  Liability for Excise Tax on Archery Products in Various Scenarios; Billboard Structures Qualify as Real Estate Assets; Extension Granted to Make Investment Income Election; and more.

October 31, 2011- Federal Tax Update:   Hawkins to Flag Advisers of Clients With Successful Reasonable Cause Defense; Audit Technique Guide on Lawsuit Awards and Settlements; Final Regs on Disregarded Entities, Excise Taxes; and more.

October 24, 2011- Federal Tax Update:  Guidance on Filing and Resolution of Protective Claims for Estate Tax Refunds; Trust Considered Welfare Benefit Fund Maintained Under Collective Bargaining Agreement; Period of Limitations for Reportable Transaction Penalty; and more.

October 17, 2011- Federal Tax Update:  Pipeline Network Eligible for Additional First-Year Depreciation Deduction; Sale of Stadium Will Not Affect Charity's Tax-Exempt Status; Termination of S Corp Election Inadvertent; and more.

October 10, 2011- Federal Tax Update:  Special Per Diem Business, Travel Expense Substantiation Rates for 2011-2012; Rules on Business, Travel Expense Substantiation; Partnership Was a Sham, but Penalties Don't Apply; and more.

October 3, 2011- Federal Tax Update:   IRS Addresses Taxability of Fringe Benefit Flights; FAQ on Voluntary Classification Settlement Program; Claims Court Dismisses Couple's Refund Suit Related to Losses on Stock Sale; and more.

September 26, 2011- Federal Tax Update:  Guidance on 'Shrink Back' Rule for DPGR Purposes; ail Corp. Selected to Administer Services for Continuing Education Providers; IRS Agreement With Labor Department to Reduce Worker Misclassifications; and more..

September 19, 2011- Federal Tax Update :  Debtor's Interest in Joint Tax Refund; Allocating Credits Between Spouses; Commitment Fee for Construction Financing Must Be Capitalized; and more.

September 12, 2011- Federal Tax Update:   Corrections to Final Regs Modifying Practice Standards for Tax Returns; Tenth Circuit Affirms Couple Had Income From Life Insurance Policy Termination; 2010 Private Letter Ruling on Fringe Benefits Revoked; and more.

September 6, 2011- Federal Tax Update

August 29, 2011- Federal Tax Update : Treasury Expands Options for Showing Proof of Delivery to IRS, Tax Court, Absent Direct Proof; Safe Harbor on Capitalization of Expenditures for Electric Transmission, Distribution Property; Court Dismisses Some Claims Filed Against Insurance Company for Selling Tax Shelter Products; and more.

August 22, 2011- Federal Tax Update: Fifth Circuit Affirms Denial of Deductions From Real Estate Rental Activity; Escort Service Operator's Tax Evasion Conviction and Sentence Affirmed;Treasury Releases Fact Sheet on Health Insurance Premium Tax Credit; and more.

August 15, 2011- Federal Tax Update: Guidance on Election to Apply Carryover Basis Treatment to 2010 Estates; Safe Harbor Procedures for Property Acquired From 2010 Estates; LB&I Memorandum on Success-Based Fees; and more.

August 8, 2011- Federal Tax Update: Final Regs on Accounting Method Changes Following Some  Reorganizations and Tax-Free Liquidations; Components of Solar Energy System Qualify for Residential Energy-Efficient Property Credit; Extension Granted to Elect Out of First-Year Depreciation for Qualified Property; and more.

August 1, 2011- Federal Tax Update: Couple Granted Extension to Make Disaster Loss Election; IRS Addresses Application of Reportable Transactions Information Penalty; 2-Year Limit No Longer Applies to Many Innocent Spouse Requests; and more.

July 25, 2011- Federal Tax Update: LB&I Directive on Codified Economic Substance Doctrine and Penalties; 3-Month Extension for Truckers to File Highway Use Tax Return; E-Filing Now Available for FBAR Filers; and more.

July 18, 2011- Federal Tax Update: IRS Publishes List of Practitioners Subject to Disciplinary Action;Payments for Retraining Are Not Income; Independent Contractor Can't Deduct Travel Expenses to Work Sites and more.

July 11, 2011- Federal Tax Update: Testamentary Language Expressing Decedent's Desire is Mandatory; Election to Increase AMT Credit Is Not Subject to Special Limitations; No Exemption to Property and Casualty Insurance Provider; and more.

July 5, 2011- Federal Tax Update