This week we look at:

• IRS Reduces Estate Tax Closing Letter Fee

• Tax Court Scope of Review in Passport Cases

• Marital Deduction for Bequests to Trust

• “Reasonable Cause” in Late-Filing Penalty Cases

• “No Tax on Tips Act” (S.129) Passes Senate

• Transfer Pricing in Facebook, Inc. & Subsidiaries v. Commissioner

• Navigating New York’s Convenience Rule: Insights from Matter of Zelinsky

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

A PDF with the text of articles on this week’s update can be downloaded below.

2025-05-26 Current Federal Tax Developments