No. 56-11, November 2025
Index
- 2025 tax software survey.
- Applying updated ASC Topic 740 requirements for the income tax footnote. (accounting standard codification)
- Digital asset transactions: Broker reporting, amount realized, and basis: Final regulations provide comprehensive guidance for tax reporting of transactions involving these increasingly common assets, and the IRS has granted transition relief in key areas.
- How a CPA and wealth adviser partnership can guide families through transition. (certified public accountant)
- IRS approves medical deduction for IVF, denies it for surrogacy. (fertilization in vitro)
- IRS releases Whistleblower Office operating plan.
- Key international tax issues for individuals and businesses.
- Late election relief in recent IRS letter rulings.
- Notice 2025-27 provides interim guidance on corporate AMT. (alternative minimum tax)
- Practitioner engagement letters: Strategies for increasing compliance /A well-drafted engagement letter provides essential protection and important benefits to CPAs in tax practice and in other engagements and to their clients. (certified public accountants)
- Preparer's intent to evade tax extends taxpayer's limitation period. (Murrin v. Commissioner)
- Prop. regs. would make permanent safe harbor for furnishing information on Sec. 751 property.
- QSBS gets a makeover: What tax pros need to know about Sec. 1202's new look. (qualified small business stock)
- Revisiting Sec. 1202: Strategic planning after the 2025 OBBBA expansion. (One Big Beautiful Bill Act of 2025)
- Second Circuit: Sec. 6213(a) is nonjurisdictional; tolling applies.
- Supercharging retirement: Tax benefits and planning opportunities with cash balance plans.
- Tax Court applies limited partner functional test for self-employment income. (Soroban Capital Partners L.P. v. Commissioner)
- Tax-advantaged ABLE accounts for disabled individuals.
- The ongoing fight against frivolous tax arguments. (French v. Commissioner)
- Two Tax Court rulings expose overvalued conservation easements. (Beaverdam Creek Holding v. Commissioner, Ranch Springs L.L.C. v. Commissioner)