This podcast episode of Current Federal Tax Developments for August 25th, 2025, covers several tax-related topics, including a federal complaint seeking an ERC refund, proposed revisions to partnership information reporting for sales or exchanges of interest on Form 8308, taxation of an unsolicited stock transfer, and a case involving a tax preparer fraudulently claiming refunds. The episode also discusses guidance related to provisions in the One Big Beautiful Bill Act, touching on information leaked in the draft W-2 form for 2026 and the limitations of large language models for tax law issues. Additionally, the podcast addresses challenges taxpayers face in getting ERC refunds, proposed revisions to partnership information reporting, and changes in IRS mailing addresses, emphasizing the importance of electronic payments.
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