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

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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

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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

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2025-11-10 Current Federal Tax Developments

This week we look at:

• Private Inurement and Operational Failure

• Prevailing Party Status Under § 7430

• The Federal Priority Statute and Corporate Officer Liability

• Termination of the Automatic Stay in Bankruptcy

• Injunction Violations and Civil Contempt for Tax Preparer

• A Refined Approach to Math Error Notices

• Application of Unstated Interest Rules to Corporate Mergers

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Current Federal Tax Developments November 3, 2025

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

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2025-10-27 Current Federal Tax Developments

This week we look at:

• Employee Retention Credit Refunds in Bankruptcy

• Lawsuit Settlement Enforcement and Tax Disclosure Obligations

• Operational Test Failure: Commercial Activities and Private Benefit

• IRS E-File Suspension Authority

• Taxation of International Investment Losses

• Collection Due Process Analysis

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2025-10-20 Current Federal Tax Developments

This week we look at:

• Updated SIFL Rates for Noncommercial Employer-Provided Flights

• Supervisory Approval, Reasoned Decision Making, and the Limits of APA Review in Tax Court

• Tax Exemption Denial for a Gated Community HOA by the Tax Court

• Cancellation-of-Indebtedness Income Timing and the Variance Doctrine

• IRS Contingency Planning: Operational Impact on Tax Practice and Filing Season Preparedness

• 2026 Inflation Adjustments for Tax Professionals

• Accounting Method Failures and Income Reconstruction

• The Concrete Injury Requirement in ERTC Consultant Litigation

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2025-10-13 Current Federal Tax Developments

This week we look at:

• Hobby Loss Rules: Young v. Commissioner, T.C. Memo. 2025-95

• Drought-Forced Livestock Sales: IRS Notice 2025-52

• Per Diem Rates: IRS Notice 2025-54

• End of Paper Refunds: IR-2025-94 / E.O. 14247

• Syndicated Conservation Easements: Jackson Stone South, LLC v. Commissioner, T.C. Memo. 2025-96

• Constructive Receipt & § 4958: Fumo v. Commissioner, T.C. Memo. 2025-97

• Whistleblower Awards: In re: Sealed Case, CA DC, Case No. 24-1001

• Employee vs. Independent Contractor: Gil v. United States, USDC ED PA

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2025-09-29 Current Federal Tax Developments

This week we look at:

• Final Regulations for Catch-Up Contributions (TD 10033)

• Draft Schedule 1-A (Form 1040) for 2025

• Urgent Warnings of State Revenue Department Phishing Scams

• Tax Court Developments (Blomquist Holdings)

• Proposed Tax Administration Legislation

• New Deduction for Qualified Tips: An Overview of Proposed Treasury Regulation §1.224-1

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2025-09-22 Current Federal Tax Developments

This week we look at:

• Court Frowns on Professional’s Use of Randomly Generated Social Security Numbers

• Understanding the “Placed in Service” Rule for Electric Vehicle Credits

• Advisers Found to Owe Treble Damages to Impacted Taxpayers

• W-2 Wages and the Qualified Business Income Deduction Under Section 280E

• Trust Fund Recovery Penalties and Refund Claim Timeliness in Richter v. The United States

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2025-09-15 Current Federal Tax Developments