Advertise on podcast: Current Federal Tax Developments

This week we look at: Rev. Rul. 2026-22: 401(h) surplus assets may fund active medical benefits for employees age 59½ and over Tax Court sustains revocation of a social club's exemption where gas royalties exceeded 50% of receipts Tax Court denies whistleblower award because the IRS acted on a Senate report, not the claim An audio version of this week’s broadcast can be streamed or downloaded below: 2026-11-02 Receipt of Large Natural Gas Royalties Fatal to 501(c)(7) Status Edward K. Zollars, CPA (Arizona) Download A PDF with this week’s articles can be downloaded below: 2026-11-02 Current Federal Tax Developments

This week we look at: Automatic refunds for adoption credit carryforwards claimed on 2025 returns Tax Court rejects two syndicated easement deals and applies 40% gross valuation penalties IRS withdraws the per se device rule and two anti-abuse rules from 2016 § 355 proposed regs New law lets ministers revoke prior Form 4361 SECA exemptions beginning in 2029 Rev. Proc. 2026-34 rewrites EPCRS: broader self-correction, no mandatory recoupment New IRA correction program (IVCP) begins May 1, 2027, replacing PLRs for 60-day rollover waivers An audio only version of this week’s broadcast can be downloaded or streamed below: 2026-10-26 New IRA Voluntary Correction Program Coming Edward K. Zollars, CPA (Arizona) Download You can download articles on this week’s updates as a PDF below: 2026-10-26 Current Federal Tax Developments

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: 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. Commissioner New IRS notice extends tax deadlines to September 2027 for Israel conflict-affected taxpayers Congress 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: Tax Court Applies Equitable Tolling to BBA Partnership Petition Deadlines -- Kings Road Property District Court Voids VIBIR's Net Investment Income Tax Assessment -- Perkins IRS Notice 2026-55 Seeks Comments on Opportunity Zone Rules for Housing Developers Hurricane Michael Casualty and Charitable Deductions Fail for Lack of Substantiation -- Williams Treasury Raises the Estate Tax Closing Letter User Fee to $76 -- TD 10055 Tax Court Finds Proper Mailing Despite a Defective Form 3877 -- Lindsey Unsubstantiated Insider Loan Triggers 225-Percent Excise Tax Exposure -- Jagannath An audio only version of this week’s broadcast can be streamed or downloaded below: 2026-09-28 Estate Closing Letter Fee Increase Finalized Edward K. Zollars, CPA (Arizona) Download Articles with this week’s developments can be downloaded below. Current Federal Tax Developments - September 28, 2026

This week we look at: Tax Court Warns of AI Drafting Pitfalls in a CDP Lien Withdrawal Case -- Moore Altering the Perjury Jurat Dooms a Refund Suit -- Johnson v. IRS IRS Extends the Involuntary Conversion Period for Drought-Hit Livestock Sales H.R. 9500 Would Restore and Expand Personal Casualty and Theft Loss Relief Second Circuit Rejects Form Over Function for SECA Tax -- Soroban Capital Partners H.R. 5334 Expands the Educator Expense Deduction to Early Childhood Teachers An audio only version of this week’s broadcast can be streamed or downloaded below: 2026-09-21 Tax Break for Preschool Teachers in the Russia Sanctions Bill Edward K. Zollars, CPA (Arizona) Download A copy of this week’s stories can be downloaded as a PDF below: 2026-09-21 Current Federal Tax Developments

This week we look at: Final Regulations Restore the Car Loan Interest Deduction Under T.D. 10054 Fourth Circuit Affirms $2.9M Willful FBAR Penalty -- United States v. Rund Tax Court Clarifies BBA Extension Mechanics -- Katanga Properties Treasury Proposes Sweeping QOF Certification and Reporting Regulations Proposed Regs Allocate Foreign Source Deductions Under Sections 250 and 904 Unrestricted $16.5M Art Deal Funds Are Taxable Income -- Tunkl v. Commissioner An audio verision of this week’s broadcast can be streamed or downloaded below: 2026-09-14 The Picasso and the Income Edward K. Zollars, CPA Download You can download a PDF of this week’s articles at below: 2026-09-14 Current Federal Tax Developments

This week we look at: Federal Circuit Bars Treaty FTCs Against the NIIT -- Bruyea and Christensen Financial Disability Tolling and Third-Party Authorization -- Goldman v. United States OIC Public-Policy Rejections Upheld -- Filipowski v. Commissioner Substantiation and Alter-Ego Doctrine -- Hank Risan v. Commissioner Codifying Racial Nondiscrimination for Private Schools -- Proposed Section 1.501(c)(3)-2 IRS's Certified-Mailing Burden of Proof -- Wales v. Commissioner Automatic Accounting Method Changes for R&E and Construction -- Rev. Proc. 2026-32 An audio only version of this week’s broadcast can be streamed or downloaded below: 2026-09-07 IRS Bit by Not Mailing Via Certified Mail Edward K. Zollars, CPA (Arizona) Download Articles for this week’s update can be downloaded as a PDF below: 2026-09-07 Current Federal Tax Developments

This week we look at:  Zero-Return Form 1065 Filings and the Beard Test (IRS CCA 202634014)  Full Payment Rule & Presumption of Correctness -- Pellegrino v. United States  Pro Rata Share Determinations Under OBBBA -- Proposed Regulations (REG-115646-25)  Treaty Exclusivity for Pooled Investments -- South Saskatchewan Community Foundation v. U.S. An audio only version of this week’s broadcast can be streamed or downloaded below. 2026-08-31 When is a Partnership Return Not a Return Edward K. Zollars, CPA (Arizona) Download A PDF of articles for this week’s broadcast can be downloaded below: 2026-08-31 Current Federal Tax Developments

This week we look at: Form 1041-A Relief for Passthrough Charitable Deductions (REG-109082-25) Vested Development Rights & Easement Valuation — Malibu Valley Land v. Commissioner First Circuit Bars Equitable Tolling of Section 6213(a) — Kyick Holdings v. Commissioner PRWORA Immigration Restrictions on Refundable Credits (REG-119882-25) Single-Employer DB Pension Funding Proposed Regulations (REG-107855-25) Excluded Property Sales Income Under Section 250 (REG-117130-25) Section 163(j) Business Interest Limitation Update — Fact Sheet FS-2026-14 Doug LaMalfa Federal Disaster Tax Relief Certainty Act (H.R. 5366) IRS Ends Uniform Easement Settlement Initiative, Creates Office of Conservation Easements Trump Account Eligible Investment Rules — Proposed Regulations (RIN 1545-BS14) An audio only version of this week’s update can be streamed or downloaded below: 2026-08-24 Proposed Regulations Week Edward K. Zollars, CPA (Arizona) Download This week’s update articles and broadcast slides can be downloaded below; 2026-08-24 Current Federal Tax Developments 2026-08-24 Slides

This week we look at: Unpacking the Saver’s Match: Technical Guidance and Operational Frameworks Under Notice 2026-48 Harmonizing Section 3406 Backup Withholding with Section 6050W De Minimis Reporting Thresholds The High Bar for Equitable Tolling in Tax Practice: The Eighth Circuit’s Final Ruling in Boechler, P.C. Employer Contributions to Trump Accounts and Nondiscrimination Rules under REG-101355-26 The Perpetual Burden of Carryover Substantiation: AMT Credits and Recordkeeping in Beacom v. Commissioner Equitable Tolling of Tax Court Filing Deadlines: Maniktala v. Commissioner (8th Cir.) Standardizing Retirement Plan Rollovers and Trustee-to-Trustee Transfers under SECURE 2.0: Notice 2026-49 Unmasking the $70 Million Dubai Fraud: Section 165 Theft Loss Deductions in Deutsch v. Commissioner Treasury Proposes Substantive Section 987 Relief for Controlled Foreign Corporations (REG-103844-26) Rehearing Reversal: The Fifth Circuit’s Management Test for the Limited Partner Exception (K Alain, L.L.L.P.) The Crucial Role of Highest and Best Use in Conservation Easement Valuations: Evans v. Commissioner 2026-08-17 Maybe State Law Limited Partner Isn't the Test for 1402(a)(13) Edward K. Zollars, CPA (Arizona) Download You can download PDFs with copies of this week’s articles and slides below: 2026-08-17 Slides 2026-08-17 CFTD Articles

This week we look at: Transitioning Foreign Tax Allocations and Implementing the Ten Percent Credit Disallowance Under Section 960(d)(4) Trustee-to-Trustee Transfers of Inherited IRAs Through an Estate: Technical Analysis of PLR 202631001 Federal Courts Lack APA Jurisdiction Over Foreign Gift Penalty Disputes: The Adequate Alternative Remedy Barrier Sourcing Executive Termination Payments: Analyzing the Bifurcated Sourcing of Severance and RSUs in the Appeal of Otting The Permanent Section 45S Paid Family and Medical Leave Credit: Analyzing the Statutory Wage Method Mechanics and the New Premium Method Under Notice 2026-28 The Tax Court Open Door: Why the BBA Partnership Petition Deadline Is Not Jurisdictional Commingled Funds, Unsubstantiated Deductions, and the Binding Form of Transactions: A Technical Tax Analysis of Reed v. Commissioner The Safe Harbor That Wasn’t: Deconstructing the Anti-Abuse Rule in SIH Partners LLLP v. Commissioner The Evolution of Qualified Overtime Compensation Deductions: Analyzing IRS Fact Sheet FS-2026-13 and Its Practical Implications An audio only version of this week’s broadcast can be streamed or downloaded below: 2026-08-10 IRS Guidance on Qualified Overtime for 2026-2028 Edward K. Zollars, CPA (Arizona) Download This week’s articles can be downloaded below: 2026-08-10 Current Federal Tax Developments

This week we look at: IRS Reinstates Tax Deferral on Variable Annuity Term Certain Options: Reconsideration and Reversal in PLR 202630002 Understanding the ERC Pleading Standard: Federal Claims Court Deferral in I Health and Life Insurance Services Predecessor Losses, the Lonely Parent Rule, and the Limits of Economic Reality: Analysis of HBM Holdings Co. v. Commissioner Double Books and Disguised Payees: Corporate Personal Expenses and the Civil Fraud Penalty in Prezioso v. Commissioner An audio only version of this week’s broadcast can be streamed or downloaded below: 2026-08-03 On Again Off Again On Again PLR Edward K. Zollars, CPA (Arizona) Download The articles for this week’s update can be downloaded as a PDF below: Current Federal Tax Developments August 3, 2026

This week we look at: Valuation of Remainder Interest Gifts Upon Trust Termination: State Law and Net Gift Adjustments in Lewis v. Commissioner Revenue Procedure 2026-26: Technical Overview of 2027 Indexing Adjustments for Premium Tax Credits and Affordability Standards Limitations of Interest Abatement Claims Under I.R.C. § 6404(e)(1) in the Context of ERC-Driven Amendments Section 6015(c) Relief and the Substantiation Trap: An Analysis of Anderson v. Commissioner Navigating the AICPA’s New Tax Services Independence Standards: A Guide for Practitioners An audio only version of this week’s broadcast can be downloaded or streamed below: 2026-07-27 AICPA New Interpretation on Independence and Tax Engagements Edward K. Zollars, CPA (Arizona) Download Articles on each update and a copy of the slides for this week can be downloaded as a PDF below: Current Federal Tax Developments July 27, 2026 Articles Presentation Slides

This week we look at: Partnership Recourse Rules: Conditional DROs will not establish EROL under § 1.752-2. Mileage Rate Adjustment: Business standard mileage rate rises to 76 cents on July 1, 2026. Business Tax Account: Modernized self-service portal expands features but requires active annual maintenance. Litigation Legal Fees: FCRA settlements are taxable gross income without above-the-line deduction. Corporate Reorganizations: Tax Court invalidates regulation limiting 100% DRD in post-Loper Bright era. ERC Litigation Realities: Exhaustion loophole rejected; notice pleading standards approved in refund suits. Conservation Easements: Valuation must be grounded in immediate local market demand, not speculation. An audio only version of this week’s broadcast can be streamed or downloaded below. 2026-07-20 IRS Expands Business Tax Accounts Edward K. Zollars, CPA (Arizona) Download You can download a PDF with articles for this week’s update and a copy of this week’s slides. Current Federal Tax Developments July 20, 2026 Slides