This week we look at:<ul data-rte-list="default"><li>Congress passes H.R. 9496, creating new IRC §7511 relief for hostages and wrongful detainees.</li><li>Rev. Proc. 2026-20 gives investment trusts holding digital assets a safe harbor for staking.</li><li>California OTA rejects FTB's hot asset theory for nonresident partnership interest sales.</li><li>Rev. Rul. 2026-18 publishes the SIFL rates for second-half 2026 employer aircraft flights.</li><li>Tax Court sustains bank-deposits income, denies Cohan estimates, and abates penalty in Rahman.</li><li>Proposed regs implement OBBBA changes to the Section 36B premium tax credit and APTC rules.</li><li>T.D. 10059 finalizes the back-end basis adjustment rule for intragroup Section 357(c) liabilities.</li><li>IRS postpones deadlines to February 2027 for Hurricane Isaias victims in Alabama and Florida.</li><li>Court of Federal Claims denies ERC for a staffing agency in Southern Arizona Health Services.</li><li>T.D. 10060 lets the IRS contract for card payment fees, recouped through a reimbursement fee.</li></ul>An audio version of this week’s update can be streamed or downloaded below:





















 
 




 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2026-10-19 IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees
 
 Edward K. Zollars, CPA
 
 
 
 
 
 
 
 <a href="https://static1.squarespace.com/static/54a14f8ee4b0bc51a1228894/t/6ad3fae2b300436316625958/1792277238883/2026-10-19+IRS+Finally+Adopts+Credit+Card+Payment+to+IRS+Regulations%2C+But+There+Will+Likely+Be+Fees.mp3" download="2026-10-19 IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees" class="download" target="_blank">Download</a>
 
 
 
 
 
 
 









 A PDF with articles for this week’s updates can be downloaded below:<a href="https://www.currentfederaltaxdevelopments.com/s/2026-10-19-Current-Federal-Tax-Developments.pdf" target="_blank">2026-10-19 Current Federal Tax Developments</a>

This week we look at:Congress passes H.R. 9496, creating new IRC §7511 relief for hostages and wrongful detainees.Rev. Proc. 2026-20 gives investment trusts holding digital assets a safe harbor for staking.California OTA rejects FTB's hot asset theory for nonresident partnership interest sales.Rev. Rul. 2026-18 publishes the SIFL rates for second-half 2026 employer aircraft flights.Tax Court sustains bank-deposits income, denies Cohan estimates, and abates penalty in Rahman.Proposed regs implement OBBBA changes to the Section 36B premium tax credit and APTC rules.T.D. 10059 finalizes the back-end basis adjustment rule for intragroup Section 357(c) liabilities.IRS postpones deadlines to February 2027 for Hurricane Isaias victims in Alabama and Florida.Court of Federal Claims denies ERC for a staffing agency in Southern Arizona Health Services.T.D. 10060 lets the IRS contract for card payment fees, recouped through a reimbursement fee.An audio version of this week’s update can be streamed or downloaded below: 2026-10-19 IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees Edward K. Zollars, CPA Download A PDF with articles for this week’s updates can be downloaded below:2026-10-19 Current Federal Tax Developments

This week we look at:<ul><li>Congress passes H.R. 9496, creating new IRC §7511 relief for hostages and wrongful detainees.</li><li>Rev. Proc. 2026-20 gives investment trusts holding digital assets a safe harbor for staking.</li><li>California OTA rejects FTB's hot asset theory for nonresident partnership interest sales.</li><li>Rev. Rul. 2026-18 publishes the SIFL rates for second-half 2026 employer aircraft flights.</li><li>Tax Court sustains bank-deposits income, denies Cohan estimates, and abates penalty in Rahman.</li><li>Proposed regs implement OBBBA changes to the Section 36B premium tax credit and APTC rules.</li><li>T.D. 10059 finalizes the back-end basis adjustment rule for intragroup Section 357(c) liabilities.</li><li>IRS postpones deadlines to February 2027 for Hurricane Isaias victims in Alabama and Florida.</li><li>Court of Federal Claims denies ERC for a staffing agency in Southern Arizona Health Services.</li><li>T.D. 10060 lets the IRS contract for card payment fees, recouped through a reimbursement fee.</li></ul>An audio version of this week’s update can be streamed or downloaded below:





















 
 




 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2026-10-19 IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees
 
 Edward K. Zollars, CPA
 
 
 
 
 
 
 
 <a href="https://static1.squarespace.com/static/54a14f8ee4b0bc51a1228894/t/6ad3fae2b300436316625958/1792277238883/2026-10-19+IRS+Finally+Adopts+Credit+Card+Payment+to+IRS+Regulations%2C+But+There+Will+Likely+Be+Fees.mp3" rel="noopener noreferrer">Download</a>
 
 
 
 
 
 
 









 A PDF with articles for this week’s updates can be downloaded below:<a href="https://www.currentfederaltaxdevelopments.com/s/2026-10-19-Current-Federal-Tax-Developments.pdf" rel="noopener noreferrer">2026-10-19 Current Federal Tax Developments</a>

2026-10-19 IRS Finally Adopts Credit Card Payment to IRS Regulations, But There Will Likely Be Fees

This week we look at:<ul data-rte-list="default"><li>Informal claim and COVID-19 disaster relief save an untimely-looking IRA refund suit in Singh.</li><li>IRS recasts “Section 351 conversion” ETF transactions as taxable exchanges in Rev. Rul. 2026-20.</li><li>Proposed regs implement a four-year installment election for farmland sales to young farmers.</li><li>A corporate Offer-in-Compromise caps an officer's Trust Fund Recovery Penalty liability in Amodio.</li><li>Treasury completes automatic enrollment in Trump Accounts under new Section 530A regulations.</li><li>Sevillo Fine Foods: three independent grounds doom an ERC claim based on port congestion delays.</li><li>Tax Court holds Form 872-T cannot terminate a fixed-date Form 872 extension in Fine v. Commissioner</li><li>New IRS notice extends tax deadlines to September 2027 for Israel conflict-affected taxpayers</li><li>Congress sends the National Taxpayer Advocate independent legal counsel in H.R. 997.</li><li>New regulations build the infrastructure for the $1,700 Section 25F scholarship tax credit.</li></ul>An audio only version of this week’s podcast can be streamed or downloaded below:





















 
 




 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2026-10-05 Trump Accounts Established for All Children
 
 Edward K. Zollars, CPA (Arizona)
 
 
 
 
 
 
 
 <a href="https://static1.squarespace.com/static/54a14f8ee4b0bc51a1228894/t/6ac1409587c0a6518f95cf00/1791049900813/2026-10-05+Trump+Accounts+Established+for+All+Children.mp3" download="2026-10-05 Trump Accounts Established for All Children" class="download" target="_blank">Download</a>
 
 
 
 
 
 
 









 Articles for this week’s topics can be downloaded as a PDF below.<a href="https://www.currentfederaltaxdevelopments.com/s/2026-10-05-Current-Federal-Tax-Developments.pdf">2026-10-05 Current Federal Tax Developments</a>

This week we look at:Informal claim and COVID-19 disaster relief save an untimely-looking IRA refund suit in Singh.IRS recasts “Section 351 conversion” ETF transactions as taxable exchanges in Rev. Rul. 2026-20.Proposed regs implement a four-year installment election for farmland sales to young farmers.A corporate Offer-in-Compromise caps an officer's Trust Fund Recovery Penalty liability in Amodio.Treasury completes automatic enrollment in Trump Accounts under new Section 530A regulations.Sevillo Fine Foods: three independent grounds doom an ERC claim based on port congestion delays.Tax Court holds Form 872-T cannot terminate a fixed-date Form 872 extension in Fine v. CommissionerNew IRS notice extends tax deadlines to September 2027 for Israel conflict-affected taxpayersCongress sends the National Taxpayer Advocate independent legal counsel in H.R. 997.New regulations build the infrastructure for the $1,700 Section 25F scholarship tax credit.An audio only version of this week’s podcast can be streamed or downloaded below: 2026-10-05 Trump Accounts Established for All Children Edward K. Zollars, CPA (Arizona) Download Articles for this week’s topics can be downloaded as a PDF below.2026-10-05 Current Federal Tax Developments

This week we look at:<ul><li>Informal claim and COVID-19 disaster relief save an untimely-looking IRA refund suit in Singh.</li><li>IRS recasts “Section 351 conversion” ETF transactions as taxable exchanges in Rev. Rul. 2026-20.</li><li>Proposed regs implement a four-year installment election for farmland sales to young farmers.</li><li>A corporate Offer-in-Compromise caps an officer's Trust Fund Recovery Penalty liability in Amodio.</li><li>Treasury completes automatic enrollment in Trump Accounts under new Section 530A regulations.</li><li>Sevillo Fine Foods: three independent grounds doom an ERC claim based on port congestion delays.</li><li>Tax Court holds Form 872-T cannot terminate a fixed-date Form 872 extension in Fine v. Commissioner</li><li>New IRS notice extends tax deadlines to September 2027 for Israel conflict-affected taxpayers</li><li>Congress sends the National Taxpayer Advocate independent legal counsel in H.R. 997.</li><li>New regulations build the infrastructure for the $1,700 Section 25F scholarship tax credit.</li></ul>An audio only version of this week’s podcast can be streamed or downloaded below:





















 
 




 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 2026-10-05 Trump Accounts Established for All Children
 
 Edward K. Zollars, CPA (Arizona)
 
 
 
 
 
 
 
 <a href="https://static1.squarespace.com/static/54a14f8ee4b0bc51a1228894/t/6ac1409587c0a6518f95cf00/1791049900813/2026-10-05+Trump+Accounts+Established+for+All+Children.mp3" rel="noopener noreferrer">Download</a>
 
 
 
 
 
 
 









 Articles for this week’s topics can be downloaded as a PDF below.<a href="https://www.currentfederaltaxdevelopments.com/s/2026-10-05-Current-Federal-Tax-Developments.pdf" rel="noopener noreferrer">2026-10-05 Current Federal Tax Developments</a>

2026-10-05 Trump Accounts Established for All Children

The 25th anniversary of the Quill opinion arrives and other developments

2017-05-29 Celebrating 25 Years of Quill

Reliance on an auditor gets officers out of trust fund penalty and other developments

2017-05-22 Relying on the Outside Auditor

The Third Circuit rules on two different issues plus additional developments

2017-05-15 Don't Believe Everything the IRS Tells You

Health care numbers and developments, as well as additional federal tax developments of the past week.

2017-05-08 Week of Health Care

Two taxpayers end up on the wrong side of bright line regulation rules and more

2017-05-01 The Problem with Bright Lines

Another taxpayers fails to prove real estate professional status and more

2017-04-24 Working 13 Hours a Day Every Day

The IRS has to disclose information on contractor's tax filings in payroll tax exam and additional developments

2017-04-10 What the IRS Knows, the IRS Has to Tell

IRS issues draft Revenue Procedure for FASB revenue recognition changes and more

2017-04-03 IRS, FASB and Accounting

New SB/SE Fast Track Settlement Program and more developments

2017-03-27 The IRS Starts Publishing Again

A taxpayer discovers the risks of using metered mail for tax filings and more

2017-03-20 Mailing is Harder Than You Think

Weekly update on federal income tax developments

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