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The FICPA's "The Practitioner's Edge" delivers practical insights for CPAs and professionals in small firms. Each episode explores strategies, trends, and real-world solutions to help you run a stronger practice, serve clients better, and stay ahead in a changing profession.   This month, we're joined by Adam Hibbs, Vice President of Global AI Product Development, Commercial Operations and Licensing at AICPA, to explore how artificial intelligence is transforming accounting and auditing workflows through Josi, AICPA's AI-powered platform. Hibbs explains how Josi goes beyond traditional research to help practitioners navigate complex standards, streamline engagements, analyze documents, and develop practical solutions with greater efficiency. He also addresses critical considerations around data security, source verification, and professional judgment, demonstrating how purpose-built AI can help small firms access specialized knowledge and increase capacity without sacrificing accuracy or control.   Adam Hibbs, FCMA, CGMA, MCIPS | AICPA LinkedIn: Adam Hibbs FCMA CGMA, MCIPS - Association of International Certified Professional Accountants | Link… Josi: https://www.linkedin.com/showcase/aicpajosi/

https://vimeo.com/1241760066?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/31/2026-11-02-receipt-of-large-natural-gas-royalties-fatal-to-501c7-status 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

https://vimeo.com/1239237908?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/25/2026-10-26-new-ira-voluntary-correction-program-coming 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

https://vimeo.com/1236894953?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/17/2026-10-19-irs-finally-adopts-credit-card-payment-to-irs-regulations-but-there-will-likely-be-fees 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.

https://vimeo.com/1232633815?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/10/3/2026-10-05-trump-accounts-established-for-all-children 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.

AI or offshoring? According to Anshul Agrawal, firms shouldn't have to choose. In the latest episode of The Practitioner's Edge, the founder of June15 Consulting joins host Dan Henn to explore how small and midsized accounting firms can use global talent to increase capacity, improve profitability, and position themselves for growth. They tackle the questions firm leaders are asking: What will clients think? How do you protect sensitive data? Can small firms really make offshoring work? And with AI advancing so quickly, does global talent still make sense? Discover why the answer may be combining the power of people and technology.

https://vimeo.com/1230540060?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/26/2026-09-28-estate-closing-letter-fee-increase-finalized 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

https://vimeo.com/1228387514?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/19/2026-09-21-tax-break-for-preschool-teachers-in-the-russia-sanctions-bill 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

https://vimeo.com/1226222016?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/12/2026-09-14-the-picasso-and-the-income 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

https://vimeo.com/1224707050?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/9/7/2026-09-07-irs-bit-by-not-mailing-via-certified-mail 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

The FICPA's "The Practitioner's Edge" delivers practical insights for CPAs and professionals in small firms. Each episode explores strategies, trends, and real-world solutions to help you run a stronger practice, serve clients better, and stay ahead in a changing profession.   This month, we're joined by Georgia Smith, lead product manager with Wolters Kluwer, to explore how small accounting firms can harness technology and AI to work more efficiently, reduce risk, and uncover new opportunities for growth. Smith discusses tools such as CCH AnswerConnect's Document Analysis and CCH Axcess Advisor, sharing real-world examples of how firms are reducing time spent on manual work, identifying advisory opportunities across their client base, and creating capacity without adding staff. She also addresses one of the biggest questions surrounding AI adoption: how firms can embrace new technology while maintaining security, accuracy, and the human expertise clients depend on.   "Technology is not your enemy. You should leverage technology to help automate your repetitive tasks." Georgia Smith | Wolters Kluwer

https://vimeo.com/1222482515?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/8/31/2026-08-31-when-is-a-partnership-return-not-a-return 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.

https://www.currentfederaltaxdevelopments.com/podcasts/2026/8/23/2026-08-24-proposed-regulations-week 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)

https://vimeo.com/1218686012?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/8/16/2026-08-17-maybe-state-law-limited-partner-isnt-the-test-for-1402a13 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

https://vimeo.com/1216845407?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/8/9/2026-08-10-irs-guidance-on-qualifed-overtime-for-2026-2028 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