Current Federal Tax Developments

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2025-01-06 Digital Assets, BOI, Conservation Easements and Embezzlement

This week we look at:

  • IRS gives relief for specific identification of digital asset basis for certain taxpayers for 2025 only

  • Department of Justice asks the U.S. Supreme Court to Stay the Latest Corporate Transparency Act Injunction

  • IRS no longer to dispute requirement to comply with APA to add listed transactions after the enactment AJCA in 2024

  • Tax Court rules that merely being in a registered historic area does not make a building a certified historic structure

  • Tax Court finds taxpayer owes tax on over $5.3 million diverted from two retirement plans

An audio only version of this week’s broadcast can be streamed or downloaded below.

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2025-01-06 Digital Assets, BOI, Conservation Easements and Embezzlement Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF of the slides and links to articles regarding the developments can be downloaded below.

2025-01-05 Current Federal Tax Developments