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Current Federal Tax Developments

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The United States Court of Appeals for the Fifth Circuit has delivered a significant decision regarding self-employment (SE) tax liability for limited partners, overturning the Tax Court’s reliance on the "functional analysis" test established in Soroban Capital Partners LP v. Commissioner. In


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The United States Tax Court, in its recent memorandum opinion Whistleblower 11099-13W v. Commissioner, T.C. Memo. 2026-5, addressed a pivotal question for tax profess...


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As tax professionals, it is critical to stay updated on the specific exclusions provided to members of the U.S. armed forces. A recent development from the Internal Revenue Service has clarified the treatment of one-time supplemental payments, reinforcing the broad protections offered under the Internal Revenue Code (IRC).

IRS News Release IR-2026-09: The "War...


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Internal Revenue Bulletin publication of Revenue Procedure 2026-8 marks a significant shift in the administration of group tax-exempt status under § 501(c). This procedure "modifies and supersedes Rev. Proc. 80-27" and "sets forth updated procedures to obta...


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The Internal Revenue Service (IRS) recently issued Notice 2026-13, which provides updated safe harbor explanations for plan administrators to satisfy the requirements of Internal Revenue Code (IRC) Section 402(f). This notice is a response to significant legislative modifica...


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