Top 10 Tax Cases of 2022 with Tony Nitti and Damien Martin
Damien Martin and Tony Nitti’s wildly popular yearly tax discussion has come to the Western CPE Podcast Network! In Top 10 Tax Cases of 2022 with Tony Nitti and Damien Martin, the guys discuss the tax implications of everything from the Memphis Grizzlies and “rent-a-dog” services to failed yacht ventures and much, much more. It’s the perfect mix of entertaining and thought-provoking.
Latest Epidsode:
Tony & Damien's Top 10
Demystifying Common S-Corp Conundrums
In Rev. Proc. 2022-19, the IRS details six areas in which it will no longer issue Private Letter Rulings to taxpayers seeking relief from an inadvertent termination of their S election. Tony and Damien run through each of these areas and discuss why this is critical information for anyone who deals with S corporations. This case study is part of a Self-Study Video Course available from Western CPE that can be purchased for CPE credit.
All Episodes:
Tony & Damien's Top 10
Demystifying Common S-Corp Conundrums
Feb 17, 2023In Rev. Proc. 2022-19, the IRS details six areas in which it will no longer issue …
Play Now 22:21
Tony & Damien's Top 10
Sorry, You're a Brokerage
Feb 17, 2023In IRS Chief Counsel Memo 202204007, the IRS concluded that an online marketplace similar to AirBNB …
Play Now 11:50
Tony & Damien's Top 10
An Audit for the Horses
Feb 9, 2023A Virginia-based S corporation specializing in agriculture and horse-breeding transferred land to various third parties. Some …
Play Now 9:17
Tony & Damien's Top 10
Capital Loss for a Real Estate Boss
Feb 2, 2023After a real estate venture turned sour due to legal disputes and the 2007 real estate …
Play Now 25:25
Tony & Damien's Top 10
Foreclosure Short Sale Shenanigans
Feb 2, 2023A couple bought a home, then eventually filed for bankruptcy. After CitiMortgage short sold the home, …
Play Now 23:10
Tony & Damien's Top 10
A Rough Day for AirBNB Owners
Jan 26, 2023When is rental income subject to Self-Employment Tax? What if you rent out a room in …
Play Now 16:18
Tony & Damien's Top 10
How to Fail the SPA Test
Jan 26, 2023The “Significant Participation Activities Test” and “Five of Ten Years Test” are used to determine if …
Play Now 12:32
Tony & Damien's Top 10
Mom Doesn't Fly for Free
Jan 26, 2023A retired airline pilot took advantage of a “fly for free” fringe benefit, providing relatives with …
Play Now 12:46
Tony & Damien's Top 10
Damien's Favorite Tax Case of 2022
Jan 19, 2023In Rogerson v. Commissioner, an aerospace entrepreneur grappled with the IRS about the status of passive …
Play Now 33:52
Tony & Damien's Top 10
Tony's Favorite Tax Case of 2022
Jan 19, 2023Hoops LP v. Commissioner involves the former owner of the NBA’s Memphis Grizzlies, who attempted to …
Play Now 24:29
Tax cases and guidance can provide a key to unlocking a deep understanding of the tax …
Play Now 03:20:19About the Hosts:
DAMIEN MARTIN, CPA, MST
Damien R. Martin, CPA, MST will be joining EY as a partner in the Private Client Services tax practice within the firm’s Financial Services Organization in January 2023. He provides tax compliance, consulting, and planning services to high-net-worth individuals, families, and fiduciaries. Damien formerly hosted Simply Tax®, a podcast dedicated to delivering practical and timely content to simplify tax challenges. His opinions and commentary on important tax issues have been quoted by Tax Notes®, Bloomberg®, and other sources.
TONY NITTI, CPA, MST
Tony Nitti, CPA, MST is a partner in the National Tax Department of EY US, with a focus on Section 1202, as well as an adjunct professor at the graduate tax programs of the University of Denver (DU) and Golden Gate University. Tony is a prolific writer on various tax topics and is a senior contributor at Forbes, where his column has the largest following.