This week we look at:

• IRS Announces Filing Season Overview & Timeline

• A Charity Loses Its §501(c)(3) Status After Forgetting to Perform Virtually Any Exempt Activities

• Taxpayer Loses a Large Charitable Contribution Deduction Based on Lack of Substantiation

• Second Circuit Concurs With Other Circuits on Willfulness for FBAR Penalties

• Tax Court Found Summary Assessment Invalid in Premium Tax Credit Case

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

Articles for this week’s update can be downloaded as a PDF below:

2026-01-10 Current Federal Tax Developments

This week we look at:

• Standard Mileage Rates & Notice 2026-10

• 2026 Procedural Updates - Annual Revenue Procedures

• Qualified Passenger Vehicle Loan Interest (QPVLI) Proposed Regulations

• Estate of Spenlinhauer v. Commissioner Late Filing and More

• Bargain Sale of For-Profit colleges to a Non-Profit (501(c)(3))

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

Articles on this week’s updates can be downloaded in the PDF below:

2026-01-05 Current Federal Tax Developments

This week we look at:

• Executive Action on Marijuana Scheduling and IRC § 280E

• State Paid Family and Medical Leave (PFML) Programs

• Estimated Tax Relief for Qualified Farmland Sales

• IRC § 163(j) Interest Limitation Updates

• Premium Tax Credit (PTC) Revisions

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

Articles on this week’s developments can be downloaded below:

2025-12-29 Current Federal Tax Developments

This week we look at:

• Section 25F Advance Elections

• Unreported Income & The "Missing Witness"

• Constitutionality of Penalties Post-Jarkesy

• Section 280E & Offers-in-Compromise

• Substantiating Bad Debt & NOLs

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

Articles for this week’s update can be streamed or downloaded below:

2025-12-22 Current Federal Tax Developments

This week we look at

• USPS Changes to Postmark Date System

• H.R. 1491: Disaster Related Extension of Deadlines Act

• Capitalization Priorities: Temnorod v. Commissioner

• Notice 2026-5: HSA Expansion Under OBBBA

• Fulfillment by Amazon (FBA) and "Doing Business"

• Substantiation Failures: Mirch v. Commissioner

An audio only update can be downloaded or streamed below:

Articles on this week’s updates can be downloaded as a PDF below.

2025-12-15 Current Federal Tax Developments

This week we look at:

• Notice 2025-68 – Implementation of Trump Accounts

• Draft Form 4547 – Elections and Filing Mechanics

• Notice 2025-70 – The OBBBA Scholarship Tax Credit

• Alioto v. Commissioner – Corporate Distinctness

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

Articles for this week’s broadcast can be downloaded as a PDF below.

2025-12-08 Current Federal Tax Developments

This week we look at:

• Whistleblower Awards and Substantial Contribution

• Corporate Stock Repurchase Excise Tax

• Judicial Review of Willful FBAR Penalties

• Revisiting the Profit Motive Standard

• Judicial Precedent on Erroneous Refund Recovery

• OBBBA Guidance on SFCs and Section 987 Elections

• The OBBBA Scholarship Tax Credit

• Conservation Easements and Gross Valuation Misstatements

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

Articles on this week’s developments can be downloaded as a PDF via the link below:

2025-12-01 Current Federal Tax Developments

This week we look at:

• Innocent Spouse Relief Determination Standards

• Adjustments to Medicare Parts A, B, and D

• Equitable Distribution vs. Alimony (Pre-TCJA)

• Implementation of the Section 139L Interest Exclusion

• OBBBA Deductions for Tips and Overtime Compensation for 2025 returns

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

Articles for this week’s update can be downloaded as a PDF from the link below:

2025-11-24 Current Federal Tax Developments

This week we look at:

• Annual Adjustments to Retirement Plan Limitations

• Ensuring Investment Trust Status for Digital Asset Staking Entities

• Examining Penalties in Microcaptive Transactions

• Ownership Requirements for Non-Business Theft Losses

• Defining the Scope of I.R.C. § 172(b)(3) Carryback Waivers

You can stream or download this week’s audio version of the broadcast below.

A PDF with this week’s updates can be downloaded via the link below.

2025-11-17 Current Federal Tax Developments

This week we look at:

• Conservation Easement Valuation and Highest and Best Use

• Trust Fund Recovery Penalty (TFRP) Application

• California Residency and Taxpayer Burden of Proof

• OBBBA Information Reporting Transition Relief

• SCOTUS Oral Argument on IEEPA Tariffs

• Conservation Easement Timing and Penalties

• Digital Asset Broker Reporting FAQ Guidance

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

Articles for this week’s updates can be downloaded as a PDF below:

2025-11-10 Current Federal Tax Developments