Spidell's Federal Tax Minute

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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

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    • May 19, 2025 LATEST EPISODE
    • monthly NEW EPISODES
    • 4m AVG DURATION
    • 126 EPISODES


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    Latest episodes from Spidell's Federal Tax Minute

    House Ways and Means Committee releases draft tax legislation

    Play Episode Listen Later May 19, 2025 4:37


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

    Solving Form 1099-K matching problems

    Play Episode Listen Later May 12, 2025 4:56


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

    Expanded features of the IRS's individual tax account tool

    Play Episode Listen Later May 2, 2025 2:58


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

    Recent Social Security updates

    Play Episode Listen Later Apr 28, 2025 4:22


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

    Tax legislation aims to improve IRS services

    Play Episode Listen Later Apr 18, 2025 4:23


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

    Proposed regulations would update Circular 230

    Play Episode Listen Later Jan 28, 2025 4:28


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

    Taxpayer assistance under the Federal Disaster Tax Relief Act of 2023

    Play Episode Listen Later Jan 17, 2025 3:59


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

    Podcast: Filing season update

    Play Episode Listen Later Jan 11, 2025 4:13


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

    IRS provides limited relief for crypto investors

    Play Episode Listen Later Jan 7, 2025 4:35


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

    Functionality of IRS's Business Tax Account tool continues to expand

    Play Episode Listen Later Dec 31, 2024 4:23


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

    Considerations following the beneficial ownership reporting suspension

    Play Episode Listen Later Dec 24, 2024 4:31


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

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

    Play Episode Listen Later Dec 17, 2024 4:00


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

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

    Play Episode Listen Later Dec 10, 2024 4:17


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

    President Trump's tax proposals

    Play Episode Listen Later Dec 3, 2024 4:05


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

    Understanding the portability nature of an HSA

    Play Episode Listen Later Nov 25, 2024 3:59


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

    Tax benefits for military members

    Play Episode Listen Later Nov 19, 2024 4:40


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

    When are legal fees deductible on Form 1040?

    Play Episode Listen Later Nov 7, 2024 3:53


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

    Things to consider when choosing a trustee

    Play Episode Listen Later Nov 4, 2024 4:42


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

    Continuing care retirement communities and medical expenses

    Play Episode Listen Later Oct 29, 2024 4:33


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

    Wealth planning with intrafamily loans

    Play Episode Listen Later Oct 17, 2024 4:08


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

    New Form 7217 for reporting property distributed by partnerships

    Play Episode Listen Later Oct 11, 2024 3:43


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

    The risks of a compromised CAF number

    Play Episode Listen Later Oct 7, 2024 4:34


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

    Large company exemption from beneficial ownership reporting mandate

    Play Episode Listen Later Sep 30, 2024 3:50


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

    SECURE 2.0 Act provisions that may affect Form W-2

    Play Episode Listen Later Sep 23, 2024 4:45


    Certain provisions of the SECURE 2.0 Act could affect amounts reported on Form W-2.

    Know when a private collection agency call is legitimate

    Play Episode Listen Later Sep 12, 2024 3:47


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

    Inherited Roth IRA accounts and RMDs

    Play Episode Listen Later Sep 9, 2024 3:58


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

    Registration tips when using the IRS's IRIS portal

    Play Episode Listen Later Aug 30, 2024 4:20


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

    When to file MFS versus MFJ

    Play Episode Listen Later Aug 26, 2024 5:07


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

    Multifactor authentication is a requirement for tax professionals

    Play Episode Listen Later Aug 15, 2024 4:36


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

    The varied uses of Form 2553

    Play Episode Listen Later Aug 12, 2024 4:33


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

    Tricks and traps of the credit for electric and hybrid vehicles

    Play Episode Listen Later Aug 5, 2024 4:33


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

    Understanding the mega back-door Roth strategy

    Play Episode Listen Later Jul 29, 2024 4:22


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

    Update on digital asset reporting

    Play Episode Listen Later Jul 22, 2024 4:08


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

    Planning for Roth SEP and SIMPLE IRAs

    Play Episode Listen Later Jul 12, 2024 4:00


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

    Investing for young adults

    Play Episode Listen Later Jul 8, 2024 4:09


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

    Social Security simplifies the disability evaluation process

    Play Episode Listen Later Jul 1, 2024 4:22


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

    Final regulations released for increased clean energy project benefits

    Play Episode Listen Later Jun 24, 2024 3:30


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

    Limited partner self-employment tax back in the courts

    Play Episode Listen Later Jun 17, 2024 4:13


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

    New Energy Efficient Home Credit

    Play Episode Listen Later Jun 10, 2024 4:10


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

    Solar panel payments and property taxes

    Play Episode Listen Later Jun 3, 2024 3:41


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

    Know when a private collection agency call is legitimate

    Play Episode Listen Later May 23, 2024 3:56


    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.

    Repaying Social Security benefit overpayments

    Play Episode Listen Later May 20, 2024 4:03


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

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

    Play Episode Listen Later May 13, 2024 4:07


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

    Homeowners association dues and assessments

    Play Episode Listen Later May 6, 2024 4:02


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

    Understanding Form 1098-Q

    Play Episode Listen Later Apr 29, 2024 4:07


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

    ERC relief still available beyond the Voluntary Disclosure Program

    Play Episode Listen Later Apr 18, 2024 4:30


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

    The basics of restricted stock units (RSUs)

    Play Episode Listen Later Jan 29, 2024 4:29


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

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

    Play Episode Listen Later Jan 23, 2024 4:12


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

    Register now to e-file 1099s with the IRS

    Play Episode Listen Later Jan 12, 2024 3:51


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

    IRS business tax account system expanded

    Play Episode Listen Later Jan 8, 2024 3:08


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

    The basics of §529 plans

    Play Episode Listen Later Dec 30, 2023 4:29


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

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