Current Federal Tax Developments

This week we look at: Section 7508A(d) and Interest on Pre-COVID-19 Disaster Tax Deficiencies The Soroban Capital Partners SECA Tax Controversy Pleading Requirements for the Employee Retention Credit (Tapestry Senior Housing) ERC Causation and the&nb...

This week we look at; Nominal S Corporation Ownership and the Abuse Exception Recapping the ERC via Section 7405 Civil Actions Constructive Dividends, Formalities, and Civil Fraud CDP Hearings, Offer-In-Compromise, and RCP Calculations Professional Respon...

A discussion of the impact of new Section 68 on trusts and the JCT's Blue Book Footnote 102, IRS previews upcoming Section 25F credit guidance and more.

Two decisions on the ERC and what is a partial suspension completely disagree on the level of causation that must be shown related to a government order, yet another conservation easement taxpayer loss and more.

This week we look at: Procedural Timeliness & Automatic Extensions Spousal IRA Rollovers Through Estates and Trusts Collateral Estoppel and the "Innocent" Spouse Improper Corporate Deductions and Fraud Implementation of "Trump Accounts" 2027 Inflation Adjustments (HSA, HRA, DPCSA) An audio only version of this week’s update can be streamed or downloaded below. 2026-06-01 More Details on the Ac...

IRS (barely) acquiesces in case of Abdo but will appeal Kwong, House passes an bill to reverse Supreme Court's Zuch decision and more.

Failure to follow CWA rules eliminate all of a charitable contribution deduction, IRS announces syndicated conservation easement settlement initiative, and more.

Yet another syndicated conservation easement taxpayer loss in Tax Court, the FTB loses an attempt to tax an out of state physician and more.

Treasury and IRS previews medical marijuana Section 280E guidance upcoming, the House passes 9 bipartisan tax bills, ERC statute of limitations extension guidance for refund claims and more

DEA rescthedules state-legal medical marijuana, but recreational cannabis stays on Schedule III (and 280E issues continue for those businesses), Seventh Circuit finds claim of right can be used to exclude income from taxation and more.

IRS releases final regulations on qualified tip income, taxpayer finds that getting no cash from a surrendered life insurance policy doesn't necessarily mean no tax issues and more.

Claim of right issue dooms ability to offset repayment of social security benefits, ERC litigant loses case on appeal and more.

IRS issues proposed regulations on Trump Account and the pilot program and the Tax Court looks it issues with an IRS notice in a BBA case.

Two cases outline failed attempts to attempt to remove the block on access to their passports, auto depreciation limits for 2026 and more.

Another Circuit rules that the IRS does have the authority to assess §6038(b) penalties, delay announced in effective date for SECURE 2.0 RMD regulations and more.

Supreme Court overturns tariffs, IRS released interim guidance on Section 168(n) 100% bonus depreciation for qualified production property and more.

Attorney called out for suspected AI hallucinated cases by the Tax Court, First Circuit may be considering a method to avoid ruling on SE status or limited partners and more.

A lesson in making sure your beneficiaries are updated in ERISA covered plans following a divorce, the iRS issues guidance attacking a Charitable LLC shelter and more.

IRS issues guidance on tax refunds notices for taxpayers who don't provide bank account information, taxpayers successfully overcome presumption of delivery of a Notice of Deficiency and more.

ERC suit allowed to move forward without having a specific government order identified in filing but APA challenges thrown out, the IRS issues an FAQ on the OBBBA overtime deduction and more.

Fifth Circuit throws out functional test on self-employment income for a limited partner, IRS restarts group tax exemption process and more.

IRS announces January 26 as the start date for electronic filing for individual returns, IRS found to make a procedural error in a premium tax credit case and more.

IRS releases proposed regulations on vehicle interest, standard mileage rates for 2026 published and more.

Marijuana rescheduling proposed regulation finalization moves back into the fast lane after a year, which would remove §280E as an issue for cannabis businesses and two update Fact Sheets for OBBBA changes.

IRS releases initial guidance on Scholarship Granting Organizations (SGO) in preparation for 2027 tax credits, OICs and cannabis businesses and more.