About this episode

This episode discusses recent updates in federal tax regulations affecting businesses.

https://vimeo.com/1211218820?share=copy&fl=sv&fe=ci https://www.currentfederaltaxdevelopments.com/podcasts/2026/7/19/2026-07-20-irs-expands-business-tax-accounts 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
• Partnership Recourse Rules
• Mileage Rate Adjustment
• Litigation Legal Fees
• Corporate Reorganizations
• Conservation Easements

Keywords

• IRS
• business tax accounts
• mileage rate
• litigation
• corporate reorganizations
• FCRA
• conservation easements

Mentioned in this episode

Organizations: IRS, FCRA, Tax Court, Loper Bright

Books & works: Federal Tax Update

More episodes of FICPA Podcasts

• Federal Tax Update: Week of Final Regulations · July 13, 2026 · 1h 26m
• The Practitioner's Edge, Ep. 5: Insights for Small Firm Success · July 9, 2026 · 31 min
• Federal Tax Update: ERC Cases Galore Week · July 6, 2026 · 1h 48m
• Federal Tax Update: OPR Releases Guidance on use of Generative AI · June 29, 2026 · 1h 21m
• Federal Tax Update: Qualified Opportunity Zone Interim Guidance for OBBBA · June 22, 2026 · 57 min
• Federal Tax Update: Trusts and the New Section 68 · June 15, 2026 · 1h 3m

Explore listener stats, chart rankings, contacts and more on the FICPA Podcasts podcast page.