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.