Parker's Latest Federal Tax Articles:

SEPTEMBER 2026

IRS Issues Automatic Consent Procedures for Research and Experimental Expenditures.

"The IRS issued procedures under Code Sec. 446 and Reg. Sec. 1.446-1(e) for obtaining automatic consent to change methods of accounting for research or experimental expenditures..."

AUGUST 2026

Tax Court Invalidates GILTI Reg That Limits Dividends Received Deduction.

"The Tax Court held that the United States subsidiary of a German healthcare products company was entitled to claim a 100 percent dividends received deduction (DRD) under Code Sec. 245A for a dividend received from a foreign source, despite the fact that Reg. Sec. 1.245A-5T limits the deduction by 50 percent for certain extraordinary dispositions."

JULY 2026

IRS Provides Introductory Guidelines for Responsible Use of AI in Federal Tax Practice.

"On June 24, the IRS Office of Professional Responsibility issued a bulletin on the responsible use by federal tax practitioners of artificial intelligence (AI). The bulletin highlights the risks of irresponsible AI use and provides a list of best practices for tax practitioners to integrate AI into their workflows."

JUNE 2026

IRS Issues Guidance on Qualified Long-Term Care Distributions.

"The IRS issued a notice to provide guidance on qualified long-term care distributions under Code Sec. 401(a)(39), which are permitted to be made by defined contribution plans under the SECURE 2.0 Act of 2022 (Pub. L. 117-328)."

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