Current Federal Tax Developments

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2025-01-27 BOI Sees Supreme Court Action But There a Catch


This week we look at:

  • Funds Taken By Sheriff Were a Valid Loan and Not Income from Embezzlement

  • Tax Court Allows a Reduced Deduction for a Conservation Easement

  • CCA Discusses Issues with Activities of a Private Foundation with Regard to Self-Dealing, Attempted Correction and Jeopardizing Investments

  • IRS Email Discusses Agency’s (Lack of) Obligation to Process Amended Tax Returns

  • Supreme Court Reverses Fifth Circuit Merits Panel, Again Removes Emergency Injunction Against Enforcement of the CTA BOI Reports

  • Despite Supreme Court’s Action on Texas Top Cop Shop, Inc. Ban on Enforcement of BOI Reporting, FinCEN Notes Ban on Enforcement Under the Smith Case is Still in Effect

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2025-01-27 BOI Sees Supreme Court Action But There a Catch Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with stories on this week’s developments can be downloaded below:

2025-01-27 Current Federal Tax Developments