Current Federal Tax Developments

USPS issues rules on when postmarks are applied that may make it more likely for items to be tagged as late filed, guidance on OB3 HSA expansion and more.

IRS publishes preliminary guidance on Trump Accounts and the tax credit for Scholarship Granting Organizations (SGOs).

IRS discusses future guidance on federal scholarship tax credit, Tax Court deals a loss to another syndicated conservation easement and more.

IRS releases guidance for recipients of qualfiied tips and qualified overtime for 2025 Forms 1040, Medicare numbers for 2025 released and more.

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. 2025-11-17 Retirement...

IRS provides relief to employers for reporting on qualified overtime and tips for 2025, more conservation easement cases, and more.

A taxpayer gets legal fees awarded due to the proper use of a qualifying offer, Congress has a bill to send to the President and more.

IRS outlines more information on the government shutdown and what activities are affected, more FAQs for OBBBA changes and more.

Bankruptcy trustee retrieves ERTC refund from management company that was employee's employer for tax purposes, IRS finds CDP case sent back to Appeals and more

IRS releases inflation adjusted amounts for 2026 tax years, IRS shutdown moves to phase two and more.

IRS announces the beginning of the end for paper check refunds, a taxpayer loses on a hobby loss case and more.

FInal regulations on designated Roth account catch-up contributions for qualified plans, states issued warnings on phishing/smishing attacks and more.

Tax Court issues decision on handling W-2 wages for QBI purposes for cannabis business, "placed in service" definition clarified for pre-IRA electric vehicle credits, and more developments.

IRS releases preliminary list of occupations for qualified tips deduction, entertainer found to be a California resident and more.

IRS releases guidance on changes in research and experimental expenditures, Sixth Circuit agrees with Second and Third Circuits on equitable relief for late Tax Court petitions in deficiency cases and more.

Simplification of reporting on Form 8308 proposed,. OBBBA additional guidance, thoughts on LLMs and tax law and more.

Second Circuit issues three opinions of interest, IRS issues OBBBA guidance on beginning of construction for solar and wind projects and more.

IRS announces no changes to be made to W-2s, 1099s, payroll reports and withholding tables in 2025 for OBBBA changes and more.

IRS Commissioenr announces expected late start of tax season upcoming, CAMT relief provided in Notice and more.

Two conservation easement cases (and one with a extra strong warning), fouling up a portability election, dealing with uncashed retirement plan checks and more.

A bill modifying filing date reiief for state declared and stretching out the automatic relief period under §7805A is sent to the President, a last-known address case and more.

The Tax Court determines amounts paid were not a loan but rather equity and denied a claimed bad debt deduction, two cases on statutes of limitations and more.

Two ERC issues from the courts this week, IRS expands exemptions from filling Form 1065 & Form 1120S Schedules K-1 and K2 and more.

Senate Finance Committee release draft of tax provisions, IRS manages to foul up addressing a notice of deficiency and more.

The Supreme Court sides with the IRS on a CDP Levy issue, an updated list of automatic accounting method change procedures is issued and more.