About this episode

This episode discusses recent IRS updates including changes to business tax accounts and various tax litigation topics.

This week we look at: Partnership Recourse Rules: Conditional DROs will not establish EROL under § 1.752-2. Mileage Rate Adjustment: Business standard mileage rate rises to 76 cents on July 1, 2026. Business Tax Account: Modernized self-service portal expands features but requires active annual maintenance. Litigation Legal Fees: FCRA settlements are taxable gross income without above-the-line deduction. Corporate Reorganizations: Tax Court invalidates regulation limiting 100% DRD in post-Loper Bright era. ERC Litigation Realities: Exhaustion loophole rejected; notice pleading standards approved in refund suits. Conservation Easements: Valuation must be grounded in immediate local market demand, not speculation.

Topics covered

• Business Tax Accounts
• IRS Updates
• Tax Litigation
• Corporate Taxation
• Mileage Rate Changes
• Partnership Tax Rules

Keywords

• IRS
• Business Tax Account
• Mileage Rate
• Tax Court
• FCRA
• ERC
• Conservation Easements
• Partnership Recourse Rules

Mentioned in this episode

Organizations: IRS, FCRA, Tax Court, Loper Bright, ERC

Places: July 1, 2026

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