DiscoverCurrent Federal Tax Developments2025-08-18 State Tax Credit SALT Workaround Regulation Challenge Fails
2025-08-18 State Tax Credit SALT Workaround Regulation Challenge Fails

2025-08-18 State Tax Credit SALT Workaround Regulation Challenge Fails

Update: 2025-08-18
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This week we look at:

  • Denham Outlines Its Criticisms of the Tax Court’s Use of the Functional Analysis Test for Limited Partners with the First Circuit Court of Appeals

  • Disguised Sales and Sham Partnerships: A Comprehensive Review of PICCIRC, LLC v. Commissioner

  • Judicial Examination of State Charitable Tax Credit Programs and Federal Deductibility

  • The Second Circuit Clarifies Tax Court Filing Deadlines: Implications for Practitioners

  • Understanding New Clean Electricity Credit Termination Rules Impact of IRS Notice 2025-42 on Wind and Solar Facilities

An audio only version of this week’s broadcast can be streamed or downloaded below:





































A PDF file with this week’s articles on the updates can be downloaded below;

2025-08-18 Current Federal Tax Developments

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2025-08-18 State Tax Credit SALT Workaround Regulation Challenge Fails

2025-08-18 State Tax Credit SALT Workaround Regulation Challenge Fails

Ed Zollars, CPA