On September 4, 2026, the IRS and Treasury Department published proposed regulations (REG-119986-25) that would redefine the nondiscrimination standards every tax-exempt private school must meet under section 501(c)(3). If finalized
Continue Reading IRS Proposes New Racial Nondiscrimination Rules for Tax-Exempt Private Schools: What Your School Needs to KnowIRS Revenue Officers Will Be Knocking on Doors in Lancaster County This August – Here’s What You Need to Know
By Adam Young on
If you own a business or reside in Lancaster County, pay close attention: the IRS confirmed in a July 21, 2026 letter that 20 revenue officers will be conducting face-to-face…
Continue Reading IRS Revenue Officers Will Be Knocking on Doors in Lancaster County This August – Here’s What You Need to KnowTax Court Holds BBA Partnership Petition Filing Deadline Is Not Jurisdictional
By Adam Young on
In Big Apple Tompkins Realty LLC v. Commissioner, the Tax Court addressed a question of first impression: whether I.R.C. § 6234(a)’s 90-day petition filing deadline for partnerships subject to…
Continue Reading Tax Court Holds BBA Partnership Petition Filing Deadline Is Not JurisdictionalThe Growing Business of Sports: A Tax Playbook Review
By Adam Young on
Get your popcorn ready because there is nothing more exciting than the intersection of sports and tax! As a former Division II athlete, the current state of college sports and…
Continue Reading The Growing Business of Sports: A Tax Playbook ReviewBack to the Future: Tax Edition — Correcting SSN/TIN Issues Before the IRS Repossesses the Delorean
By Adam Young & Elizabeth Blickley on
Every January, businesses race to issue Forms W-2, 1099, and 1099-NEC, but a small typo in a Social Security Number (SSN) or Taxpayer Identification Number (TIN) can turn into a…
Continue Reading Back to the Future: Tax Edition — Correcting SSN/TIN Issues Before the IRS Repossesses the DeloreanNo Points for Participation: Passive Activity Rules and Loss Limitations
By Adam Young on
Classroom participation points may boost a child’s grade in history class, but merely raising your hand won’t get you far with the IRS. The passive activity loss rules under I.R.C.
Continue Reading No Points for Participation: Passive Activity Rules and Loss LimitationsIRS Launches Online Portal for Kwong Refund Claims
By Meeren Amin on
On July 1, 2026 the IRS unveiled a new portal for Kwong related refund claims. Taxpayers who want file Forms 843 claiming a refund for interest or penalties that accrued…
Continue Reading IRS Launches Online Portal for Kwong Refund ClaimsIRS Targeting Charitable Deductions: Old Dog, Old Tricks
By Adam Young on
At the NYU Tax Controversy Forum last week, (former?) Acting IRS Chief Counsel Ken Kies commented on the IRS conservation easement settlement initiative and noted that the IRS…
Continue Reading IRS Targeting Charitable Deductions: Old Dog, Old TricksRhetoric Aside, Audits of Tax-Exempt Organizations Skyrocketed in FY25
By Adam Young on
The current administration’s focus on tax-exempt organizations is no secret. But the recent release of the IRS Databook for FY25 shows that the IRS is following through on the…
Continue Reading Rhetoric Aside, Audits of Tax-Exempt Organizations Skyrocketed in FY25Horse Breeding and Training Expense Deductions? Tax Court Says Neigh
By Adam Young on
In a June 9 opinion, the Tax Court held that a married couple were not engaged in horse breeding and training activities for profit and sustained the IRS’s disallowance…
Continue Reading Horse Breeding and Training Expense Deductions? Tax Court Says Neigh