This week we look at:

Congress passes H.R. 9496, creating new IRC §7511 relief for hostages and wrongful detainees.
Rev. Proc. 2026-20 gives investment trusts holding digital assets a safe harbor for staking.
California OTA rejects FTB's hot asset theory for nonresident partnership interest sales.
Rev. Rul. 2026-18 publishes the SIFL rates for second-half 2026 employer aircraft flights.
Tax Court sustains bank-deposits income, denies Cohan estimates, and abates penalty in Rahman.
Proposed regs implement OBBBA changes to the Section 36B premium tax credit and APTC rules.
T.D. 10059 finalizes the back-end basis adjustment rule for intragroup Section 357(c) liabilities.
IRS postpones deadlines to February 2027 for Hurricane Isaias victims in Alabama and Florida.
Court of Federal Claims denies ERC for a staffing agency in Southern Arizona Health Services.
T.D. 10060 lets the IRS contract for card payment fees, recouped through a reimbursement fee.

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

A PDF with articles for this week’s updates can be downloaded below: