Spidell's Federal Tax Minute

Podcast: Registration tips when using the IRS’s IRIS portal

Posted on August 30, 2024 by Ana Cervantes

This week we’re discussing registration tips for using the IRS’s IRIS portal for information returns.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-03-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.caltax.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-registration-tips-when-using-the-irss-iris-portal

Podcast: When to file MFS versus MFJ

Posted on August 26, 2024 by Ana Cervantes

This week we’re discussing the advantages and disadvantages of filing married filing separate versus married filing joint.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-27-24.mp3

Podcast: Multifactor authentication is a requirement for tax professionals

Posted on August 15, 2024August 15, 2024 by Ana Cervantes

This week we’re discussing the multifactor authentication requirement for tax professionals to safeguard sensitive client information.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-20-24.mp3

Podcast: The varied uses of Form 2553

Posted on August 12, 2024 by Ana Cervantes

This week we’re talking about Form 2553 and the ways it can be used beyond just for making an S corporation election.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-13-24.mp3

Podcast: Tricks and traps of the credit for electric and hybrid vehicles

Posted on August 5, 2024August 5, 2024 by Ana Cervantes

This week, we’re talking about the credit for electric and hybrid vehicles, and some clarifications to be aware of.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-06-24.mp3

Podcast: Understanding the mega back-door Roth strategy

Posted on July 29, 2024 by Ana Cervantes

This week we’re discussing the mega back-door Roth and what’s required to be able to take advantage of this strategy.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-30-24.mp3

Podcast: Update on digital asset reporting

Posted on July 22, 2024July 22, 2024 by Ana Cervantes

This week, we’re covering the latest guidance on digital asset reporting.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-23-24.mp3

Podcast: Planning for Roth SEP and SIMPLE IRAs

Posted on July 12, 2024 by Ana Cervantes

This week we’re discussing Roth SEP and SIMPLE IRAs, how to report contributions, and planning tips.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-16-24.mp3

Subscribers to Spidell’s Federal Taxletter^® or the Online Research Package can access the transcript here: www.caltax.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-planning-for-roth-sep-and-simple-iras

Podcast: Investing for young adults

Posted on July 8, 2024 by Ana Cervantes

This week, we’re covering investment strategies for young adults and children.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-09-24.mp3

Podcast: Social Security simplifies the disability evaluation process

Posted on July 1, 2024 by Ana Cervantes

This week, we’re covering changes that the Social Security Administration is making to simplify the disability evaluation process.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-02-24.mp3

Podcast: Final regulations released for increased clean energy project benefits

Posted on June 24, 2024June 24, 2024 by Ana Cervantes

This week, we’re talking about final regulations the IRS has released for increased clean energy project benefits.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-25-24.mp3

Podcast: Limited partner self-employment tax back in the courts

Posted on June 17, 2024 by Ana Cervantes

This week we’re discussing limited partners and self-employment tax, and some recent cases on this issue.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-18-24.mp3

Podcast: New Energy Efficient Home Credit

Posted on June 10, 2024June 10, 2024 by Ana Cervantes

This week we’re covering the requirements for the New Energy Efficient Home Credit available to builders and contractors.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-11-24.mp3

Podcast: Solar panel payments and property taxes

Posted on June 3, 2024 by Ana Cervantes

This week we’re covering the tax effects of financing solar panels through the PACE and HERO programs.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-04-24.mp3

Podcast: Know when a private collection agency call is legitimate

Posted on May 23, 2024 by Ana Cervantes

This week we’re covering the private collection agencies used by the IRS, and how to know if a call from one of these agencies is legitimate.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-28-24.mp3

Podcast: Repaying Social Security benefit overpayments

Posted on May 20, 2024 by Ana Cervantes

This week we’re talking about repaying Social Security benefit overpayments, and some recent policy changes regarding these payments.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-21-24.mp3

Podcast: When do you need to file an amended income tax return?

Posted on May 13, 2024 by Ana Cervantes

This week we’re covering when a taxpayer is and is not required to file an amended return.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-14-24.mp3

Podcast: Homeowners association dues and assessments

Posted on May 6, 2024 by Ana Cervantes

This week we’re discussing homeowners association dues and assessments and when they’re deductible.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-07-24.mp3

Podcast: Understanding Form 1098-Q

Posted on April 29, 2024 by Ana Cervantes

This week, we’re covering Form 1098-Q, which provides information on qualified longevity annuity contracts.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-30-24.mp3

Podcast: ERC relief still available beyond the Voluntary Disclosure Program

Posted on April 19, 2024 by Ana Cervantes

This week we’re covering two avenues still available for taxpayers who missed the Employee Retention Credit voluntary disclosure program.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-23-24.mp3

Podcast: The basics of restricted stock units (RSUs)

Posted on January 29, 2024 by Ana Cervantes

This week we’re covering the basics of restricted stock units including the disposition of stock acquired through restricted stock units and basis issues.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-30-24.mp3

Podcast: Tax deal funded by ERC claimant and promoter penalties and limiting new applications

Posted on January 22, 2024 by Ana Cervantes

This week we’re covering the new tax deal that’s in the works and how it’s tied to the Employee Retention Credit.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-23-24.mp3

Subscribers to Spidell’s Federal Taxletter^® or the Online Research Package can access the transcript here: www.caltax.com/research/california-taxletter/podcast-transcripts/tax-deal-funded-by-erc-claimant-and-promoter-penalties-and-limiting-new-applications

Podcast: Register now to e-file 1099s with the IRS

Posted on January 12, 2024 by Ana Cervantes

This week we’re covering the IRS’s online portal for filing 1099s and some tips for using it.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-16-24.mp3

Podcast: IRS business tax account system expanded

Posted on January 8, 2024January 8, 2024 by Ana Cervantes

This week we’re covering recent updates to the IRS’s new business tax account system.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-09-24.mp3

Podcast: The basics of §529 plans

Posted on December 29, 2023December 29, 2023 by Ana Cervantes

This week we’re covering §529 plan basics regarding contributions, distributions, and which expenses qualify.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-02-24.mp3

Podcast: When are limited partners subject to self-employment tax?

Posted on December 21, 2023 by Ana Cervantes

This week we’re covering a recent Tax Court case that looked at the applicability of self-employment tax to limited partners.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-26-23.mp3

Podcast: Clean vehicle credits available through dealerships

Posted on December 18, 2023December 18, 2023 by Ana Cervantes

This week we’re discussing the clean vehicle credits that are available through dealerships.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-19-23.mp3

Podcast: Interplay and overlap of 1099-Ks and 1099-NECs

Posted on December 8, 2023 by Ana Cervantes

This week we’re covering Forms 1099-NEC and 1099-K and the issues that can arise when certain payments appear on both of these forms.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-12-23.mp3

Podcast: Beneficial ownership reporting requirement is approaching

Posted on December 4, 2023December 4, 2023 by Ana Cervantes

This week we’re covering the beneficial ownership reporting requirement which starts January 1, 2024, for certain entities formed in 2024.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-05-23.mp3

Podcast: Using a durable power of attorney for tax matters

Posted on November 22, 2023December 4, 2023 by Ana Cervantes

This week we’re covering durable powers of attorney and when they may apply to represent a taxpayer in federal tax matters.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-28-23.mp3

Podcast: Year-end considerations for HSAs and FSAs

Posted on November 20, 2023 by Ana Cervantes

This week we’re covering some things to keep in mind for taxpayers who have an HSA or an FSA, as the end of the year approaches.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-21-23.mp3

Podcast: Harvesting capital gains and losses

Posted on November 13, 2023 by Ana Cervantes

This week we’re discussing planning tips for leveraging capital gains and losses.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-14-23.mp3

Podcast: Understanding the basics of reverse mortgages

Posted on November 6, 2023 by Ana Cervantes

This week, we’re covering the basics of reverse mortgages, such as the types available, eligibility requirements, and more.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-07-23.mp3

Podcast: Small estates get second bite at the portability election apple

Posted on October 30, 2023 by Ana Cervantes

This week we’re covering the time period for filing an estate tax return only for the purpose of making a portability election.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-31-23.mp3

Podcast: IRS Tax Pro Account features update

Posted on October 23, 2023 by Ana Cervantes

This week we’re covering some expanded features to the IRS’s Tax Pro Account system.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-24-23.mp3

Podcast: Clean vehicle credit guidance issued

Posted on October 16, 2023October 16, 2023 by Ana Cervantes

This week we’re covering the recently issued Clean Vehicle Credit guidance that addressed several open questions.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-17-23.mp3

Podcast: Gift tax return questions answered

Posted on October 6, 2023 by Ana Cervantes

This week we’re covering some common questions we receive regarding gift tax returns.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-10-23.mp3

Podcast: Planning ahead for sunsetting TCJA provisions

Posted on October 2, 2023 by Ana Cervantes

This week we’re discussing some planning tips for certain Tax Cuts and Jobs Act provisions that will be sunsetting in 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-03-23.mp3

Podcast: Long-awaited guidance issued on IRC §174 research expenses

Posted on September 25, 2023September 25, 2023 by Ana Cervantes

This week we’re covering recent guidance from the IRS that answers many of the questions practitioners have been asking about research-related expenses.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-26-23.mp3

Podcast: CPAR partnerships: consider electing out if you can

Posted on September 18, 2023 by Ana Cervantes

This week we’re covering centralized partnership audit regime audits and why a partnership should elect out of CPAR if it’s able to.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-19-23.mp3

Podcast: New Form 1099-DA is coming

Posted on September 11, 2023 by Ana Cervantes

This week we’re talking about new proposed regulations and a new form for reporting proceeds from the sale of digital assets.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-12-23.mp3

Subscribers to Spidell’s Federal Taxletter^® or the Online Research Package can access the transcript here: https://www.caltax.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-form-1099-da-is-coming/

Podcast: E-file requirement applies to Form 8300 for reporting cash payments over $10,000

Posted on September 1, 2023September 1, 2023 by Ana Cervantes

This week we’re covering the e-file requirement for information returns, including Form 8300 which is filed after receiving cash payments of over $10,000.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-05-23.mp3

Podcast: Kiddie tax planning to reduce unearned income

Posted on August 28, 2023August 30, 2023 by Ana Cervantes

This week we’re covering the kiddie tax and investment decisions that will reduce the child’s unearned income.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-29-23.mp3

Podcast: Student loan repayments under the new SAVE plan

Posted on August 21, 2023 by Ana Cervantes

This week we’re covering the provisions of the Department of Education’s new Saving on a Valuable Education student loan repayment plan.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-22-23.mp3

Podcast: Don’t wait to register with IRS’s IRIS portal

Posted on August 14, 2023August 14, 2023 by Ana Cervantes

This week we’re talking about the IRS’s information return filing portal and some issues that may arise when registering to use it.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-15-23.mp3

Podcast: Using the mega backdoor Roth strategy

Posted on August 7, 2023 by Ana Cervantes

This week we’re discussing the mega backdoor Roth and what’s required to be able to take advantage of this strategy.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-08-23.mp3

Podcast: The five-year rule for Roth IRA contributions and payouts

Posted on July 31, 2023July 31, 2023 by Ana Cervantes

This week we’re covering the five-year rule for Roth IRA contributions and payouts, and which contributions start the five-year period.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-01-23.mp3

Podcast: Income versus self-employment tax reporting for minister’s housing allowance

Posted on July 19, 2023 by Ana Cervantes

This week we’re covering the income tax and self-employment tax reporting requirements for taxpayers who receive a minister’s housing allowance.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-25-23.mp3

Podcast: Are you ready for Employee Retention Credit audits?

Posted on July 17, 2023July 17, 2023 by Ana Cervantes

This week we’re covering a tax professional’s responsibility when it comes to the Employment Retention Credit and studies prepared by another firm.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-18-23.mp3

Podcast: When to avoid §1031 treatment

Posted on July 10, 2023 by Ana Cervantes

This week we’re talking about §1031 exchanges and when it might be a good idea not to enter into an exchange transaction.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-11-23.mp3

Podcast: When does collaboration become a partnership?

Posted on July 3, 2023 by Ana Cervantes

This week we’re covering when a collaboration actually becomes a partnership, because there are distinct factors that courts will look at if the issue arises.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-04-23.mp3

Podcast: Solar energy credits for residential and business

Posted on June 26, 2023June 26, 2023 by Ashley Counts

This week we’re discussing which solar energy credits taxpayers can take if they have residential properties with some business use.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-27-23.mp3

Podcast: Are you claiming the right §199A deductions for self-rentals?

Posted on June 16, 2023June 16, 2023 by Ana Cervantes

This week we’re discussing the rules for self-rentals for the purposes of IRC §199A.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-20-23.mp3

Podcast: Using Form 5498 for planning opportunities

Posted on June 12, 2023June 12, 2023 by Ana Cervantes

This week we’re talking about the information you can get off of a Form 5498 and how to turn this information into planning opportunities for your clients.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-13-23.mp3

Podcast: Catch-up contributions to employer-sponsored retirement plans

Posted on June 2, 2023 by Ana Cervantes

This week we’re covering a SECURE 2.0 Act provision that goes into effect in 2024 affecting catch-up contributions for highly compensated employees.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-06-23.mp3

Podcast: Do you have to file an FBAR for a foreign retirement plan?

Posted on May 26, 2023 by Ana Cervantes

This week we’re covering foreign pensions and when there is an FBAR and FATCA reporting requirement.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-30-23.mp3

Podcast: The basics of restricted stock units

Posted on May 22, 2023 by Ana Cervantes

This week we’re covering restricted stock units, or RSUs, and some of the basics of this type of stock.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-23-23.mp3

Podcast: Deductibility of certain medical costs

Posted on May 15, 2023 by Ana Cervantes

This week we’re covering certain costs for nutrition and general health that may be deducted as medical expenses, as well as costs incurred by taxpayers who travel abroad for medical treatment.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-16-23.mp3

Podcast: Considerations when choosing a trustee

Posted on May 8, 2023 by Ana Cervantes

This week we’re discussing some considerations when choosing a trustee.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-09-23.mp3

Podcast: New beneficial ownership reporting will affect millions of entities

Posted on May 1, 2023 by Ana Cervantes

This week we’re covering the new beneficial ownership reporting requirement that will affect a large number of entities.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-02-23.mp3

Podcast: Navigating the clean vehicle credits maze

Posted on April 24, 2023 by Ana Cervantes

This week we’re covering two of the clean vehicle credits and how to choose between them if a vehicle is eligible for both.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-25-23.mp3

Podcast: Solar tax incentives expanded under IRA ’22

Posted on January 30, 2023January 30, 2023 by Ana Cervantes

This week we’re discussing solar tax incentives that were expanded under the inflation Reduction Act.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-31-23_2.mp3

Podcast: Incentive stock options: the basics

Posted on January 23, 2023January 23, 2023 by Ana Cervantes

This week we’re covering some of the basics of incentive stock options and how and when to recognize income.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-24-23.mp3

Podcast: IRS issues guidance on new Clean Vehicle Credit

Posted on January 16, 2023January 16, 2023 by Ana Cervantes

This week we’re covering a Notice and some FAQs the IRS released regarding the new Clean Vehicle Credit.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-17-23.mp3

Podcast: SECURE 2.0 Act provisions going into effect in 2023

Posted on January 9, 2023 by Ana Cervantes

This week we’re covering a few of the SECURE 2.0 Act provisions that go into effect in 2023.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-10-23.mp3

Podcast: SECURE 2.0 allows for §529 plan rollovers to Roth accounts

Posted on December 30, 2022 by Ana Cervantes

This week we’re covering one of the provisions of the new SECURE 2.0 Act, which deals with §529 plan rollovers to Roth accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-03-23.mp3

Podcast: MFS versus MFJ: a primer

Posted on December 23, 2022January 11, 2023 by Ana Cervantes

This week we’re covering the advantages and disadvantages of the married filing separate filing status.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-27-22.mp3

Podcast: Simplified accounting method change available for research expenses

Posted on December 19, 2022December 19, 2022 by Ana Cervantes

This week we’re discussing a Revenue Procedure that provides for a simplified accounting method change for research expenses.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-20-22.mp3

Podcast: Schedule K-2/K-3 domestic partnership exemption expanded and revised

Posted on December 12, 2022December 12, 2022 by Ana Cervantes

This week we’re covering the Schedules K-2 and K-3 domestic partnership exemption, which has been expanded and revised.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-13-22-1.mp3

Podcast: IRS’s new online 1099 filing system on track to launch

Posted on December 5, 2022 by Ana Cervantes

This week we’re covering the IRS’s new online filing system, which is expected to launch in early 2023.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-06-22.mp3

Podcast: Consider these year-end tax planning moves

Posted on November 28, 2022 by Ana Cervantes

This week we have some tax planning tips to consider before the end of the year.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-29-22.mp3

Podcast: IRS provides relief from proposed required minimum distribution rules

Posted on November 21, 2022 by Ana Cervantes

This week we’re covering some relief provided by the IRS from the proposed required minimum distribution rules.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-22-22.mp3

Podcast: Making a timely estate tax portability election

Posted on November 14, 2022 by Ana Cervantes

This week we’re discussing the new research and development rules and how these rules may mean an increase in taxes for some taxpayers.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-15-22.mp3

Pocast: Remember new R&D deduction rules when planning fourth quarter estimates

Posted on November 7, 2022 by Ana Cervantes

This week we’re discussing the new research and development rules and how these rules may mean an increase in taxes for some taxpayers.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-08-22.mp3

Podcast: Draft form instructions provide welcome K-2/K-3 filing relief

Posted on October 31, 2022October 31, 2022 by Ana Cervantes

This week we’re covering a filing exception for Schedules K-2 and K-3 for certain domestic partnerships.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-01-22.mp3

Podcast: Large cost of living adjustment for Social Security announced

Posted on October 21, 2022 by Ana Cervantes

This week we’re covering the recent cost of living adjustment for Social Security benefits, how this may affect the taxability of these benefits, and some tax planning strategies.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-25-22.mp3

Podcast: Final regulations expand eligibility for Premium Tax Credits

Posted on October 17, 2022October 17, 2022 by Ana Cervantes

This week we’re discussing final regulations that change the way health care plan affordability is determined for spouses and dependents.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-18-22.mp3

Podcast: Excess IRA contributions and the excise tax

Posted on October 7, 2022 by Ana Cervantes

This week we’re covering excess IRA contributions and application of the excise tax.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-11-22.mp3

Podcast: IRS sending employer health insurance mandate letters

Posted on September 29, 2022 by Ana Cervantes

This week we’re covering employer health insurance mandate letters that the IRS is sending to initiate assessing employer shared responsibility payments.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-04-22.mp3

Podcast: §121 exclusion limited when vacation or rental property converted to personal residence

Posted on September 26, 2022September 26, 2022 by Ana Cervantes

This week we’re discussing when a period of nonqualified use would limit the amount of gain on the sale of a principal residence that’s excludable from income.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-27-22.mp3

Podcast: Interest is growing in Series I bonds

Posted on September 16, 2022 by Ana Cervantes

This week we’re talking about the basics of Series I bonds, which come with a number of benefits and can be purchased using a tax refund.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-20-22.mp3

Podcast: Superseding returns just got easier to file

Posted on September 7, 2022September 7, 2022 by Ana Cervantes

This week we’re covering superseding returns and some things to keep in mind when filing these returns.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-13-22.mp3

Podcast: SECURE Act brings big changes to inherited IRAs

Posted on September 2, 2022 by Ana Cervantes

This week we’re talking about the SECURE Act and how it changes the inherited IRA rules.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-06-22.mp3

Podcast: Student Loan Debt Relief Plan

Posted on August 29, 2022 by Ana Cervantes

This week we’re covering the new student loan debt relief plan, including some open questions regarding the plan.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-30-22.mp3

Podcast: Filing guidance coming for Schedules K-2 and K-3

Posted on August 19, 2022August 23, 2022 by Ana Cervantes

This week we’re talking about some things to keep in mind when filing Schedules K-2 and K-3.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-23-22.mp3

Podcast: Key incentives in the Inflation Reduction Act of 2022

Posted on August 15, 2022 by Ana Cervantes

This week we’re going to touch on some of the key tax incentives contained in the Inflation Reduction Act that will impact most taxpayers.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-16-22.mp3

Subscribers to Spidell’s California Taxletter^® or the Online Research Package can access the transcript here: https://www.caltax.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-key-incentives-in-the-inflation-reduction-act-of-2022

Podcast: Internet company start-up expenses

Posted on August 8, 2022August 8, 2022 by Ana Cervantes

This week we’re covering internet start-up companies and the timing regarding these businesses begin and when development costs can be expensed, as outlined in a recent Tax Court case.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-09-22.mp3

Podcast: Tax considerations for college athletes with name, image, and likeness income

Posted on July 29, 2022 by Ana Cervantes

This week we’re covering tax considerations for college athletes who have name, image, and likeness income.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-02-22.mp3

Podcast: Wealth planning with intrafamily loans

Posted on July 22, 2022 by Ana Cervantes

This week we’re discussing wealth planning with intrafamily loans.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-26-22.mp3

Podcast: §1031 exchange considerations

Posted on July 18, 2022July 22, 2022 by Ana Cervantes

This week we’re talking about §1031 exchanges and when it might be a good idea not to enter into an exchange transaction.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-19-22.mp3

Podcast: Tax strategies for cryptocurrency losses

Posted on July 8, 2022 by Ana Cervantes

This week we’re talking about some tax strategies for dealing with cryptocurrency losses.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-12-22.mp3

Podcast: Tax rules for short-term rentals

Posted on July 1, 2022 by Ana Cervantes

This week we’re covering short-term rentals and how to report the income.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-05-22.mp3

Podcast: Proposed Secure Act 2.0 legislation

Posted on June 27, 2022June 27, 2022 by Ana Cervantes

This week we’re comparing the current House and Senate bills that act as follow-up proposals to the 2019 SECURE Act.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/spidellpublishing/FTM_06-28-22.mp3

Podcast: Paying employees in cryptocurrency

Posted on June 16, 2022June 16, 2022 by Ana Cervantes

This week we’re covering some considerations for paying employees with cryptocurrency.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-21-22.mp3

Podcast: Home office expense FAQs

Posted on June 10, 2022 by Ana Cervantes

This week we’re covering home office expense deductions.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-14-22.mp3

Podcast: Pitfalls of holding property in a corporation

Posted on June 3, 2022June 3, 2022 by Ana Cervantes

This week we’re covering a comparison of holding property in different entity types.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-07-22.mp3

Podcast: RMD proposed regulations raise major questions

Posted on May 27, 2022 by Ana Cervantes

This week we’re discussing proposed regulations that affect required minimum distributions for IRAs inherited after 2019.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-31-22.mp3

Podcast: IRS limits relief for large gifts prior to estate tax exclusion dropping

Posted on May 20, 2022 by Ana Cervantes

This week we’re covering some proposed regulations that would limit the relief for large gifts made prior to the estate tax exclusion dropping back to $5 million in 2026.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-24-22.mp3

Podcast: Update on expanded cryptocurrency reporting requirements

Posted on May 13, 2022 by Ana Cervantes

This week we’re talking about expanded virtual currency reporting requirements under the Infrastructure Investment and Jobs Act.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-17-22.mp3

Podcast: Amending returns to take the Employee Retention Credit

Posted on May 6, 2022May 9, 2022 by Ana Cervantes

This week we’re covering the Employee retention Credit, specifically amending returns to take the credit and some penalty relief that’s available.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-10-22.mp3