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

Tax updates related to developments occurring during the week, including Email spoofing scams sent to get payroll information from employersNumber of transcript accounts accessed without authorization rises to 720,000IRS not required to adjust each subsidiary's income or break out detail with a §482 adjustmentMitigation rules allow IRS to recover refund from "closed" year of trust beneficiaryIRS gives guidance on filing the consistent basis form (Form 8971) Written update articles - download a full write-up, along with links to the actual source documents, of items discussed this week.

Tax updates related to developments occurring during the week, includingEmail spoofing scams sent to get payroll information from employers Number of transcript accounts accessed without authorization rises to 720,000 IRS not required to adjust each subsidiary's income or break out detail with a §482 adjustment Mitigation rules allow IRS to recover refund from "closed" year of trust beneficiary IRS gives guidance on filing the consistent basis form (Form 8971)



<a href="https://www.currentfederaltaxdevelopments.com/s/Update-2016-03-07.pdf" rel="noopener noreferrer">Written update articles </a>- download a full write-up, along with links to the actual source documents, of items discussed this week.

March 7, 2016 Weekly Developments Discussion

Video update on tax matters from Ed Zollars, CPA of Nichols Patrick CPE, Incorporated Audio only version is provided below PDF file containing the formal write-ups for this week from the website.

Video update on tax matters from Ed Zollars, CPA of Nichols Patrick CPE, IncorporatedAudio only version is provided below



<a href="https://www.currentfederaltaxdevelopments.com/s/Update-2016-02-29.pdf" rel="noopener noreferrer">PDF file</a> containing the formal write-ups for this week from the website.

February 29, 2016 Weekly Tax Developments

Weekly update on federal income tax developments

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