Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2025-04-21 Hobby Horse Problems

April 18, 2025 by Ed Zollars, CPA

This week we look at:

  • Navigating the 90-Day Deadline for Employment Tax Redeterminations: The Belagio Fine Jewelry, Inc. Case and Equitable Tolling

  • GWA, LLC v. Commissioner: Substance Over Form and the Nuances of Tax Elections for Disregarded Entities

  • Notice 2025-23: Treasury and IRS Signal Withdrawal of Basis Shifting TOI Regulations and Related Penalties

  • Hobby Loss and Failure to File: A Deep Dive into Himmel v. Commissioner

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

Articles on this week’s developments can be downloaded as a PDF below:

2025-04-21 Current Federal Tax Developments

April 18, 2025 /Ed Zollars, CPA
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