Using a durable power of attorney for tax matters
This week we’re covering durable powers of attorney and when they may apply to represent a taxpayer in federal tax matters.
Nov 22, 2023•4 min
Spidell's Federal Tax Minute
Welcome to Spidell’s Federal Tax Minute, a weekly podcast that focuses on federal tax news snippets to keep you up-to-date on the issues that affect your clients and your practice, in an audio format that you can access at your office or on your phone. So give us a minute, and we'll give you news you can use.
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Episodes
Year-end considerations for HSAs and FSAs
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.
Nov 21, 2023•4 min
Harvesting capital gains and losses
This week we’re discussing planning tips for leveraging capital gains and losses.
Nov 14, 2023•4 min
Understanding the basics of reverse mortgages
This week, we’re covering the basics of reverse mortgages, such as the types available, eligibility requirements, and more.
Nov 06, 2023•4 min
Small estates get second bite at the portability election apple
This week we’re covering the time period for filing an estate tax return only for the purpose of making a portability election.
Oct 30, 2023•4 min
IRS Tax Pro Account features update
This week we’re covering some expanded features to the IRS’s Tax Pro Account system.
Oct 23, 2023•3 min
Podcast: Clean vehicle credit guidance issued
This week we’re covering the recently issued Clean Vehicle Credit guidance that addressed several open questions.
Oct 16, 2023•4 min
Podcast: Gift tax return questions answered
This week we’re covering some common questions we receive regarding gift tax returns.
Oct 06, 2023•5 min
Planning ahead for sunsetting TCJA provisions
This week we’re discussing some planning tips for certain Tax Cuts and Jobs Act provisions that will be sunsetting in 2025.
Oct 02, 2023•4 min
Long-awaited guidance issued on IRC §174 research expenses
This week we’re covering recent guidance from the IRS that answers many of the questions practitioners have been asking about research-related expenses.
Sep 25, 2023•5 min
CPAR partnerships: consider electing out if you can
This week we’re covering centralized partnership audit regime audits and why a partnership should elect out of CPAR if it’s able to.
Sep 18, 2023•4 min
New Form 1099-DA is coming
This week we’re talking about new proposed regulations and a new form for reporting proceeds from the sale of digital assets.
Sep 11, 2023•4 min
E-file requirement applies to Form 8300 for reporting cash payments over $10,000
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.
Sep 01, 2023•4 min
Kiddie tax planning to reduce unearned income
This week we’re covering the kiddie tax and investment decisions that will reduce the child’s unearned income.
Aug 28, 2023•5 min
Student loan repayments under the new SAVE plan
This week we’re covering the provisions of the Department of Education’s new Saving on a Valuable Education student loan repayment plan.
Aug 21, 2023•4 min
Don’t wait to register with IRS’s IRIS portal
This week we’re talking about the IRS’s information return filing portal and some issues that may arise when registering to use it.
Aug 14, 2023•4 min
Using the mega backdoor Roth strategy
This week we’re discussing the mega backdoor Roth and what’s required to be able to take advantage of this strategy.
Aug 07, 2023•4 min
The five-year rule for Roth IRA contributions and payouts
This week we’re covering the five-year rule for Roth IRA contributions and payouts, and which contributions start the five-year period.
Jul 31, 2023•4 min
Income versus self-employment tax reporting for minister’s housing allowance
This week we’re covering the income tax and self-employment tax reporting requirements for taxpayers who receive a minister’s housing allowance.
Jul 19, 2023•4 min
Are you ready for Employee Retention Credit audits?
This week we’re covering a tax professional’s responsibility when it comes to the Employment Retention Credit and studies prepared by another firm.
Jul 17, 2023•4 min
When to avoid §1031 treatment
This week we’re talking about §1031 exchanges and when it might be a good idea not to enter into an exchange transaction.
Jul 10, 2023•4 min
When does collaboration become a partnership?
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.
Jul 03, 2023•4 min
Solar energy credits for residential and business
This week we’re discussing which solar energy credits taxpayers can take if they have residential properties with some business use.
Jun 26, 2023•5 min
Are you claiming the right §199A deductions for self-rentals?
This week we’re discussing the rules for self-rentals for the purposes of IRC §199A.
Jun 16, 2023•5 min
Using Form 5498 for planning opportunities
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.
Jun 12, 2023•5 min
Catch-up contributions to employer-sponsored retirement plans
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.
Jun 03, 2023•4 min
Do you have to file an FBAR for a foreign retirement plan?
This week we’re covering foreign pensions and when there is an FBAR and FATCA reporting requirement.
May 26, 2023•4 min
The basics of restricted stock units
This week we’re covering restricted stock units, or RSUs, and some of the basics of this type of stock.
May 22, 2023•4 min
Deductibility of certain medical costs
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.
May 15, 2023•5 min
Considerations when choosing a trustee
This week we’re discussing some considerations when choosing a trustee.
May 08, 2023•4 min
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