Spidell's Federal Tax Minute

Podcast: IRS issues guidance on Trump Accounts

Posted on December 8, 2025 by Ana Cervantes

This week, we’re covering new guidance released on setting up and administering new Trump accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-09-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-irs-issues-guidance-on-trump-accounts

Podcast: Year-end considerations for HSAs and FSAs

Posted on December 1, 2025December 1, 2025 by Ana Cervantes

This week we’re covering things to consider regarding HSAs and FSAs before the end of the year.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-01-25.mp3

Podcast: The benefits of employee emergency savings accounts

Posted on November 24, 2025 by Ana Cervantes

This week we’re covering employee emergency savings accounts and how these accounts operate.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-25-25.mp3

Podcast: New and updated Form 1099-K FAQs

Posted on November 17, 2025 by Ana Cervantes

This week, we’re covering new and updated Form 1099-K FAQs that the IRS recently released.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-18-25.mp3

Podcast: Draft Forms 1099-NEC, 1099-MISC, and 1099-K and transition relief

Posted on November 10, 2025November 10, 2025 by Ana Cervantes

This week we’re covering draft 1099 forms with new lines for certain OBBBA deductions, and transition relief for reporting tip and overtime compensation for 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-11-25.mp3

Podcast: Trump accounts and their alternatives: which is best?

Posted on October 31, 2025October 31, 2025 by Ana Cervantes

This week we’re comparing Trump accounts to some alternative investment accounts for children under the age of 18.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-04-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: spidell.com/research/california-taxletter/podcast-transcripts/podcast-trump-accounts-and-their-alternatives-which-is-best

Podcast: New form and transition guidance for car loan interest deduction

Posted on October 27, 2025 by Ana Cervantes

This week we’re covering new IRS Form 1098-VLI for the claiming car loan interest deduction and transition guidance for the car loan interest reporting requirements.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-28-25.mp3

Podcast: Updates to the 2025 Form 1040

Posted on October 20, 2025October 20, 2025 by Ana Cervantes

This week we’re covering updates that have been made to the 2025 Form 1040.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-21-25.mp3

Podcast: Prepare now for Form 1099-DA

Posted on October 10, 2025 by Ana Cervantes

This week we’re covering Form 1099-DA reporting requirements.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-14-25.mp3

Podcast: Reduced PTIN fee and new sign-in process

Posted on October 6, 2025 by Ana Cervantes

This week we’re covering the recently reduced PTIN fee and the new process for signing in to the PTIN system.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-07-25.mp3

Podcast: Requesting a PLR following a fraudulent transfer from a retirement account

Posted on September 29, 2025 by Ana Cervantes

This week, we’re covering using a private letter ruling to waive the 60-day rollover requirement for fraudulent transfers from a retirement account.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-30-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: https://spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-requesting-a-plr-following-a-fraudulent-transfer-from-a-retirement-account/

Podcast: Draft 2026 tax year Forms W-2 and W-4 released

Posted on September 22, 2025 by Ana Cervantes

This week we’re covering some 2026 draft forms the IRS released, specifically the draft W-2, Schedule 1-A, and W-4.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-23-25.mp3

Podcast: OBBBA winners and losers

Posted on September 15, 2025 by Ana Cervantes

This week we’re covering which taxpayers are winners and which are losers under the provisions of the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-16-25.mp3

Podcast: IRS continues to expand individual tax accounts online

Posted on September 3, 2025September 3, 2025 by Ana Cervantes

This week we’re covering further expansion of the IRS’s online individual tax accounts.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-09-25.mp3

Podcast: OBBBA expansion of IRC §529 qualified higher education expenses

Posted on August 29, 2025 by Ana Cervantes

This week, we’re covering the expansion of IRC §529 qualified higher education expenses under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-02-25.mp3

Podcast: The basics of new Trump accounts

Posted on August 25, 2025 by Ana Cervantes

This week, we’re covering the new Trump accounts that were established under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-26-25.mp3

Podcast: Enhanced family credits under OBBBA

Posted on August 18, 2025August 18, 2025 by Ana Cervantes

This week we’re covering three of the enhanced credits under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-19-25.mp3

Podcast: New personal exemption for seniors under OBBBA

Posted on August 11, 2025 by Ana Cervantes

This week we’re covering the new personal exemption for seniors under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-12-25.mp3

Podcast: OBBBA changes to the SALT deduction limitation

Posted on August 1, 2025 by Ana Cervantes

This week we’re covering changes made to the state and local tax deduction limitation under the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_08-05-25.mp3

Podcast: Depreciation provisions under OBBBA

Posted on July 28, 2025 by Ana Cervantes

This week, we’re covering four important depreciation provisions contained in the One Big Beautiful Bill Act.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-29-25.mp3

Podcast: OBBBA changes to the charitable contribution deduction

Posted on July 21, 2025 by Ana Cervantes

This week we’re covering changes to charitable contribution deductions made by the OBBBA.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-22-25.mp3

Podcast: OBBBA changes to energy credits and incentives

Posted on July 14, 2025 by Ana Cervantes

This week we’re covering the changes to various energy credits and incentives under the OBBBA.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-15-25.mp3

Podcast: Tips for lowering Medicare premium adjustments

Posted on July 7, 2025 by Ana Cervantes

This week we’re covering Medicare’s income-related monthly adjustment amount, and what taxpayers can do to lower this monthly surcharge.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-08-25.mp3

Podcast: Tax ramifications of recovering stolen cryptocurrency

Posted on June 30, 2025June 30, 2025 by Ana Cervantes

This week we’re covering the tax ramifications of claiming a theft loss deduction for stolen cryptocurrency.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_07-01-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tax-ramifications-of-recovering-stolen-cryptocurrency/

Podcast: Expanded business tax account

Posted on June 23, 2025June 23, 2025 by Ana Cervantes

This week we’re covering the latest expansion of the IRS’s Business Tax Account online self service tool for business taxpayers.

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

Podcast: Taxpayers electing to split gifts need to attach statement

Posted on June 16, 2025 by Ana Cervantes

This week, we’re covering the new process for making a gift splitting election on Form 709.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-17-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-taxpayers-electing-to-split-gifts-need-to-attach-statement

Podcast: Tips, overtime, and auto interest provisions in OBBBA

Posted on June 6, 2025 by Ana Cervantes

This week, we’re covering the tips, overtime, and auto interest provisions in the tax bill that’s working its way through Congress.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-10-25.mp3

Podcast: The pros and cons of using AI tools in tax practice

Posted on June 2, 2025June 2, 2025 by Ana Cervantes

This week, we’re covering the pros and cons of using AI tools in your tax practice.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_06-03-25.mp3

Podcast: SALT cap expansion may be a mixed bag for passthrough entity owners

Posted on May 23, 2025 by Ana Cervantes

This week we’re covering proposed changes that the pending tax bill would make to the state and local tax deduction limit.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-27-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-salt-cap-expansion-may-be-a-mixed-bag-for-passthrough-entity-owners

Podcast: House Ways and Means Committee releases draft tax legislation

Posted on May 19, 2025 by Ana Cervantes

This week, we’re covering some of the key provisions in the draft tax legislation that was released on May 12.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-20-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-house-ways-and-means-committee-releases-draft-tax-legislation

Podcast: Solving Form 1099-K matching problems

Posted on May 12, 2025 by Ana Cervantes

This week, we’re covering Form 1099-K matching problems and how to solve them.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-13-25.mp3

Podcast: Expanded features of the IRS’s individual tax account tool

Posted on May 2, 2025May 2, 2025 by Ana Cervantes

This week, we’re covering expanded features of the IRS’s Individual Online Account tool.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_05-06-25.mp3

Podcast: Recent Social Security updates

Posted on April 28, 2025 by Ana Cervantes

This week we’re covering some recent updates regarding Social Security benefits.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-29-25.mp3

Podcast: Tax legislation aims to improve IRS services

Posted on April 18, 2025 by Ana Cervantes

This week we’re covering tax legislation focused on improving IRS services.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_04-22-25.mp3

Podcast: Proposed regulations would update Circular 230

Posted on January 27, 2025 by Ana Cervantes

This week, we’re covering the proposed changes to update Treasury Department Circular 230, which governs practice before the IRS.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-28-25.mp3

Podcast: Taxpayer assistance under the Federal Disaster Tax Relief Act of 2023

Posted on January 17, 2025 by Ana Cervantes

This week we’re covering the provisions of the Federal Disaster Tax Relief Act of 2023.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-21-25.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/taxpayer-assistance-under-the-federal-disaster-tax-relief-act-of-2023

Podcast: Filing season update

Posted on January 10, 2025January 10, 2025 by Ana Cervantes

This week, we’re covering some federal filing updates to be aware of for the start of the 2025 filing season.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-14-25.mp3

Podcast: IRS provides limited relief for crypto investors

Posted on January 6, 2025January 6, 2025 by Ana Cervantes

This week we’re covering some temporary relief for reporting certain digital asset transactions.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_01-07-25.mp3

Podcast: Functionality of IRS’s Business Tax Account tool continues to expand

Posted on December 30, 2024 by Ana Cervantes

This week we’re covering some recent upgrades to the IRS’s Business Tax Account tool.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-31-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-functionality-of-irss-business-tax-account-tool-continues-to-expand

Podcast: Considerations following the beneficial ownership reporting suspension

Posted on December 23, 2024 by Ana Cervantes

This week we’re covering some considerations following the recent beneficial ownership reporting suspension.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-24-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-considerations-following-the-beneficial-ownership-reporting-suspension

Podcast: New IRS form for making an IRC §83(b) election

Posted on December 16, 2024December 16, 2024 by Ana Cervantes

This week we’re covering the new IRS form for making an IRC §83(b) election and the basics of §83.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-17-24.mp3

Podcast: Clean Vehicle Credits: Be sure to ask clients for their dealer report

Posted on December 9, 2024 by Ana Cervantes

This week we’re covering the Form 15400 dealer report that taxpayers receive when a vehicle qualifies for one of the clean vehicle credits.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-10-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-clean-vehicle-credits-be-sure-to-ask-clients-for-their-dealer-report

Podcast: President Trump’s tax proposals

Posted on December 2, 2024 by Ana Cervantes

This week we’re covering the tax policy changes that we may see when President Trump returns to the White House in 2025.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_12-03-24.mp3

Podcast: Understanding the portability nature of an HSA

Posted on November 25, 2024 by Ana Cervantes

This week we’re covering the benefits of health savings accounts, including account portability.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-26-24.mp3

Podcast: Tax benefits for military members

Posted on November 18, 2024November 18, 2024 by Ana Cervantes

This week, we’re covering some of the tax benefits available to military members serving in a combat zone.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-19-24.mp3

Podcast: When are legal fees deductible on Form 1040?

Posted on November 7, 2024November 7, 2024 by Ana Cervantes

This week we’re discussing when legal fees may still be deductible above the line on the 1040.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-12-24.mp3

Podcast: Things to consider when choosing a trustee

Posted on November 4, 2024 by Ana Cervantes

This week, we’re discussing what to consider when choosing a trustee to manage assets in a trust.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_11-05-24.mp3

Podcast: Continuing care retirement communities and medical expenses

Posted on October 28, 2024 by Ana Cervantes

This week, we’re covering continuing care retirement communities and medical expenses.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-29-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-continuing-care-retirement-communities-and-medical-expenses

Podcast: Wealth planning with intrafamily loans

Posted on October 17, 2024 by Ana Cervantes

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

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-22-24.mp3

Podcast: New Form 7217 for reporting property distributed by partnerships

Posted on October 11, 2024October 11, 2024 by Ana Cervantes

This week we’re covering new Form 7217 for reporting property distributed by partnerships in either a liquidating or nonliquidating distribution.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-15-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-new-form-7217-for-reporting-property-distributed-by-partnerships

Podcast: The risks of a compromised CAF number

Posted on October 4, 2024October 7, 2024 by Ana Cervantes

This week, we’re talking about the risks of a compromised CAF number and the IRS’s process for handling these.

To listen to this podcast, go to: https://traffic.libsyn.com/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-08-24.mp3

Podcast: Large company exemption from beneficial ownership reporting mandate

Posted on September 30, 2024 by Ana Cervantes

This week we’re talking about the exemption that “large” companies have from beneficial ownership information reporting requirements.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_10-01-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-large-company-exemption-from-beneficial-ownership-reporting-mandate

Podcast: SECURE 2.0 Act provisions that may affect Form W-2

Posted on September 23, 2024September 23, 2024 by Ana Cervantes

This week we’re talking about certain provisions of the SECURE 2.0 Act could affect amounts reported on Form W-2.

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

Podcast: Know when a private collection agency call is legitimate

Posted on September 12, 2024September 12, 2024 by Ana Cervantes

This week we’re talking about how taxpayers can know when a call from a private collection agency is legitimate.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-17-24.mp3

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-know-when-a-private-collection-agency-call-is-legitimate-9-17-24/a>

Podcast: Inherited Roth IRA accounts and RMDs

Posted on September 9, 2024 by Ana Cervantes

This week we’re discussing RMD requirements for inherited Roth IRAs.

To listen to this podcast, go to: https://traffic.libsyn.com/secure/3abc36a0-3ad2-42d1-b492-5741db3adc14/FTM_09-10-24.mp3

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

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

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-multifactor-authentication-is-a-requirement-for-tax-professionals

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

Subscribers to Spidell’s Federal Taxletter® or the Online Research Package can access the transcript here: www.spidell.com/research/spidell-federal-taxletter/podcast-transcripts/podcast-tricks-and-traps-of-the-credit-for-electric-and-hybrid-vehicles

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.spidell.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.spidell.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.spidell.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