This week we look at:

Automatic refunds for adoption credit carryforwards claimed on 2025 returns
Tax Court rejects two syndicated easement deals and applies 40% gross valuation penalties
IRS withdraws the per se device rule and two anti-abuse rules from 2016 § 355 proposed regs
New law lets ministers revoke prior Form 4361 SECA exemptions beginning in 2029
Rev. Proc. 2026-34 rewrites EPCRS: broader self-correction, no mandatory recoupment
New IRA correction program (IVCP) begins May 1, 2027, replacing PLRs for 60-day rollover waivers

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

You can download articles on this week’s updates as a PDF below: