2025-09-29 The End of Individual Refund Checks Approaches

This podcast episode of "Current Federal Tax Developments" for the week of September 29, 2025, hosted by Ed Zollers, discusses various tax-related updates and cases. The episode covers a tax court case regarding Hobby Loss Rules (Young vs. Commissioner), IRS Notice 2025-52 concerning drought-forced livestock sales, updated special per diem rates in Notice 2025-54, and the IRS's plan to end paper refund checks as of September 30, 2025, per News Release 2025-94. Additionally, the podcast addresses a syndicated conservation easement case (Jackson Stone South LLC vs. Commissioner), a case involving fraud penalties and embezzlement issues, a DC Circuit decision on a whistleblower award, and a case (Gil versus United States) about a taxpayer disputing employee status. The episode provides insights into tax regulations, court decisions, and IRS announcements relevant to tax professionals.