2025-09-08 IRS Releases Preliminary List of Eligible Qualified TIp Occupations

This podcast episode of Current Federal Tax Developments, dated September 8th, 2025, covers several tax-related cases and IRS guidance. It begins with a discussion of an 11th Circuit Court of Appeals case regarding a gross valuation misstatement penalty in a conservation easement case, followed by leaked IRS guidance on occupations eligible for the Qualified Tips deduction. The episode then analyzes the Eighth Circuit's second review of the Medtronic transfer pricing dispute, a California state tax case concerning residency, and a bankruptcy case involving IRA bankruptcy exemptions. The podcast concludes by reminding listeners of upcoming tax deadlines and providing contact information for further inquiries.

Outlines

Sign in to continue reading, translating and more.

Continue

Federal Tax Update Podcast

Introduction to This Week's Tax Developments

11th Circuit Upholds Penalty in Conservation Easement Case

Preliminary IRS Guidance on Qualified Tips Deduction

Exclusions and the Medtronic Transfer Pricing Case

Determining California Residency for Tax Purposes

Bankruptcy Case Involving IRA Exemption

2025-09-08 IRS Releases Preliminary List of Eligible Qualified TIp Occupations

Federal Tax Update Podcast

00:01Introduction to This Week's Tax Developments

Introduction to This Week's Tax Developments

03:1511th Circuit Upholds Penalty in Conservation Easement Case

11th Circuit Upholds Penalty in Conservation Easement Case

19:10Preliminary IRS Guidance on Qualified Tips Deduction

Preliminary IRS Guidance on Qualified Tips Deduction

38:07Exclusions and the Medtronic Transfer Pricing Case

Exclusions and the Medtronic Transfer Pricing Case

45:05Determining California Residency for Tax Purposes

Determining California Residency for Tax Purposes

54:45Bankruptcy Case Involving IRA Exemption

Bankruptcy Case Involving IRA Exemption