This week we look at:

• Supreme Court Invalidates Executive Tariffs Under IEEPA
• Special Depreciation Allowance Under the OBBBA
• CAMT Adjustments and Relief
• Circuit Split on Third-Party Fraud
• Valuation and Penalties in Syndicated Conservation Easements

This week we look at:

• TEFRA Jurisdiction and the "Limited Partner" Exception
• Artificial Intelligence and Substantiation
• Section 183 Profit Motive
• Rebate vs. Nonrebate Refunds
• Substantiation and Civil Fraud
• Consolidated Return Jurisdiction

Copyright 2026, Thomas, Zollars & Lynch Ltd.

This week we look at:

• The "Charitable LLC" Tax Shelter
• Section 280E Bars ERC for Cannabis Businesses
• TEFRA Intervention by Majority Partners
• R&D Credit Substantiation
• Supervisory Approval of Penalties
• ERISA Beneficiary Designations

This week we look at:

• Challenging the Presumption of Delivery (CDP Cases)
• Bank Deposits & Conduit Theory
• Mandates Under Executive Order 14247 (Notice CP53E)
• IRS Implementation of Executive Order 14247 - (FS 2026-02)
• Federal Priority Statute Liability
• FASIT Structure & Substantial Compliance

This week we look at:

• ERC Refund Suits and Challenges to IRS Notice 2021-20
• Section 6015(f) Equitable Relief and Attribution of Income
• Financial Disability Tolling under § 6511(h)
• Distinguishing "Tax Loss" for Sentencing vs. Restitution
• Implementation of Qualified Overtime Deductions (OBBBA)

This week we look at:

• SE Tax Liability for Limited Partners (Sirius Solutions)
• Whistleblower Awards and "Collected Proceeds"
• Statutory Construction of Section 168(k) Amendments
• Updated Safe Harbor Explanations for Section 402(f)
• Modernized Group Tax Exemption Framework
• Tax-Exempt Status of Supplemental Military Housing Allowances

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))

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

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

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