This week we look at:

• Massachusetts Source Income and the Sale of Stock by a Nonresident

• Navigating the Valuation Landscape: Insights from Pierce v. Commissioner

• Personal Liability for Corporate Sales and Use Tax: An Analysis of Matter of the Appeal of B. Wageman

• Navigating the IRS’s ERC Claim Processing Moratorium and "Risking" Procedures

• Jurisdictional Prerequisites in Tax Refund Suits: A Case Study of Estate of Robert F. Armitage, Deceased v. The United States

• Dependency Claims and Child Tax Credits: A Look at Correll v. Commissioner

• WT Art Partnership LP v. Commissioner: Charitable Contribution Deductions and Valuation Pitfalls

• Zajac v. Commissioner: Disallowance of Numerous Deductions and Upholding Penalties

• Hampton v. Commissioner: Public Policy and Disallowance of Shareholder Loss Deduction

• Revised SIFL Rates for Valuation of Noncommercial Flights: Revenue Ruling 2025-9

• IRS Provides Limited Penalty Relief for Certain Micro-Captive Disclosure Statements

• The Demise of DeFi Broker Reporting: An Analysis of H.J. Res. 25

An audio version of this week’s broadcast can be streamed or downloaded below:

A PDF with articles on this week’s update can be downloaded below:

2025-04-16 Current Federal Tax Developments