Spidell's Federal Tax Minute

Circular 230 guidance for using AI 06.07.2026 5:11 ↓

This week we're covering some Circular 230 guidance specific to tax professionals using AI.

Legislation introduced to address taxation of digital assets 18.06.2026 3:56 ↓

This week, we're covering federal legislation that has been introduced to address the taxation of digital assets.

File protective refund claims for the COVID-19 disaster period 17.06.2026 5:20 ↓

This week we're covering the ruling in the Kwong case and why taxpayers may want to file protective refund claims for the COVID-19 disaster period.

Warning: OBBBA may create double taxation for trusts 15.06.2026 4:29 ↓

This week we're covering a potential double taxation issue for trusts that the Joint Committee on Taxation just addressed in its Bluebook.

Designated Officials must renew soon to maintain access to Business Tax Account 08.06.2026 4:21 ↓

This week we're covering the upcoming renewal date for Designated Officials in the IRS's Business Tax Account system.

Tax bills moving through Congress 01.06.2026 4:46 ↓

This week' we're covering some of the tax bills that are moving through Congress.

Some cannabis businesses are now eligible to claim business expenses 22.05.2026 4:21 ↓

This week we're covering the rescheduling of certain marijuana products from Schedule I to Schedule III and what that means for businesses that sell those products.

Employee Retention Credits: disallowed claims and statute of limitation issues 18.05.2026 4:25 ↓

This week we're covering disallowed Employee Retention Credits and a recent extension to the statute of limitations on refunds.

Using a durable POA for tax matters 11.05.2026 4:20 ↓

This week, we're covering using a durable power of attorney for tax matters, in circumstances where a taxpayer may be incompetent or incapacitated.

Using outsourcing and artificial intelligence to review returns 04.05.2026 3:53 ↓

This week, we're covering using outsourcing and artificial intelligence to review returns.

IRS clarifies key OBBBA provisions 27.04.2026 4:39 ↓

This week we're covering clarification we have received from the IRS on a handful of OBBBA provisions.

Know what to do when clients receive IRS Notice CP53E 20.04.2026 4:33 ↓

This week we're covering what practitioners can do when clients receive new IRS Notice CP53E.

Understand who is and who isn't eligible for the new overtime deduction 27.01.2026 4:43 ↓

This week we're covering which workers are and are not eligible for the new overtime deduction.

Claiming tips and overtime deductions on 2025 returns 16.01.2026 4:37 ↓

This week, we're covering transition relief and guidance for claiming tips and overtime deductions on 2025 tax returns.

Why it's even more important to file and pay online 12.01.2026 3:58 ↓

This week we're covering a change at the U.S. Postal Service that affects postmarks and makes filing and paying electronically even more important.

Tax ramifications of reclassifying cannabis as Schedule III drug 06.01.2026 4:33 ↓

This week we're talking about the tax effects of reclassifying marijuana to a Schedule III drug.

Trump account FAQs 30.12.2025 4:19 ↓

This week we're covering a list of FAQs that we have received from tax professionals regarding Trump accounts.

Understanding the annual and lifetime gift tax limits 23.12.2025 5:01 ↓

This week we're covering categories of gifting that don't apply to the annual and lifetime gift tax exclusions.

IRS issues guidance on Trump Accounts 18.12.2025 4:21 ↓

This week, we're covering new guidance released on setting up and administering new Trump accounts.

New forms on the block: IRS form changes and releases 16.12.2025 4:43 ↓

This week we're covering some of the new and updated forms for 2025 and 2026 following the enactment of the One Big Beautiful Bill Act.

Year-end considerations for HSAs and FSAs 02.12.2025 4:18 ↓

This week we're covering things to consider regarding HSAs and FSAs before the end of the year.

The benefits of employee emergency savings accounts 25.11.2025 3:40 ↓

This week we're covering employee emergency savings accounts and how these accounts operate.

New and updated Form 1099-K FAQs 17.11.2025 3:58 ↓

This week, we're covering new and updated Form 1099-K FAQs that the IRS recently released.

Draft Forms 1099-NEC, 1099-MISC, and 1099-K and transition relief 10.11.2025 4:41 ↓

This week we're covering draft 1099 forms with new lines for certain OBBBA deductions, and transition relief for reporting tip and overtime compensation for 2025.

Trump accounts and their alternatives: which is best? 30.10.2025 4:14 ↓

This week we're comparing Trump accounts to some alternative investment accounts for children under the age of 18.