2025-08-04 A Late Tax Season Start Expected

This episode of Current Federal Tax Developments, recorded on August 4th, 2025, and presented by Ed Zollers from Phoenix, covers several key tax-related updates. These include the IRS Commissioner's announcement of a delayed start to the filing season in mid-February due to the One Big Beautiful Bill Act, a court case concerning the taxability of lawsuit settlement proceeds and late filing penalties, IRS relief for corporate alternative minimum tax situations involving partnership investments, and a case regarding interest netting rules for corporate mergers. The episode further discusses what constitutes an educational organization for unrelated business income tax, a microcaptive arrangement that failed in court, and a case involving a taxpayer's claim of not consenting to a joint return and the denial of innocent spouse relief.