This week we look at:

• Reevaluating the DC-QIE Exception (FIRPTA)

• Technical Revisions to Revenue Procedure 2025-32

• Transitional Reporting for Qualified Passenger Vehicle Loan Interest (QPVLI)

• Jurisdictional Clarity for TEFRA Readjustment Petitions

• S Corporation Income Attribution and Substantiation Failures

• IRS Operations During a Lapse in Appropriations

• Employee Retention Credit Compliance (OBBBA)

• Form 1099-K Information Reporting Updates

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

A PDF with this week’s updates can be downloaded below:

2025-10-27 Current Federal Tax Developments