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.

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

You can download a PDF with articles for this week’s update and a copy of this week’s slides.