Current Federal Tax Developments

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 Activation of Trump Accounts Edward K. Zollars, CPA (Arizona) Download PDFs with the slides and this week’s articles can be downloaded via the links below:2026-06-01 Current Federal Tax DevelopmentsSlides

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.

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 LimitationsEnsuring Investment Trust Status for Digital Asset Staking EntitiesExamining Penalties in Microcaptive TransactionsOwnership Requirements for Non-Business Theft LossesDefining the Scope of I.R.C. § 172(b)(3) Carryback WaiversYou can stream or download this week’s audio version of the broadcast below. 2025-11-17 Retirement Plan and IRA Inflation Numbers Edward K. Zollars, CPA (Arizona) Download A PDF with this week’s updates can be downloaded via the link below.2025-11-17 Current Federal Tax Developments

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.

Ninth Circuit looks at the (lack of) a connection between a cancelled debt for a debtor and a bad deduction for a (related) debtor, Supreme Court decides a Constitutional SUTA/FUTA issue and more.

A second try at mounting a challenge to New York's convenience of the employer rule, a look at reasonable cause in the context of a late filing penalty and more.