Federal Tax Update: More IRS Government Shutdown Clarifications

https://vimeo.com/1130739077?share=copy&fl=sv&fe=ci

https://www.currentfederaltaxdevelopments.com/podcasts/2025/10/26/2025-10-27-more-irs-government-shutdown-clarifications

This week we look at:

• Reevaluating the DC-QIE Exception (FIRPTA)
• Technical Revisions to Revenue Procedure 2025-32
• Transitional Reporting for Qualified Passenger Vehicle Loan Interest (QPVLI)
• Jurisdictional Clarity for TEFRA Readjustment Petitions
• S Corporation Income Attribution and Substantiation Failures
• IRS Operations During a Lapse in Appropriations
• Employee Retention Credit Compliance (OBBBA)
• Form 1099-K Information Reporting Updates