Christian

Tax strategist and financial planner with 25 years of business experience. Expert in tax reduction strategies for business owners and self-employed individuals.

[Christian @EdenTax]

The IRS and the Treasury issued guidance on the permanent extension of the employer tax credit for paid family and medical leave under the OBBBA: https://t.co/oIoMuc6ruc

[Christian @EdenTax]

The IRS's overall improper payment rate on refundable tax breaks increased from 21.9% in 2024 to 26.5% in 2025, totaling about $28.1 billion.

[Christian @EdenTax]

The IRS's Criminal Investigation unit issued a fraud alert warning about scammers who are targeting cryptocurrency holders with convincing fake IRS letters.

[Christian @EdenTax]

The IRS slashed the number of languages it supported from 20 to 7 in response to an executive order from President Trump.

[Christian @EdenTax]

The proposed Taxpayer Assistance & Service bill incorporates the Preventing Tax Fraud and Identity Theft Act, which would require information returns for certain income categories to be filed with the IRS by 1/31 of the year following the calendar year to which the return relates

[Christian @EdenTax]

The IRS it is phasing out First Time Abate (FTA) and replacing it with a new Automatic Exemption from Penalty program (AEP). This is expected to begin phasing in this summer for tax year 2025 original returns and 2026 quarterly returns. For 2027 returns, AEP fully replaces FTA.

[Christian @EdenTax]

Parents of 51.7 million children now qualify for the new Education Freedom Tax Credit for scholarships, according to a new estimate released by its proponents.

[Christian @EdenTax]

A documented compensation study establishes fair market value for executive work, satisfying the IRS reasonable compensation test under IRS Code Section 162. This prevents high salaries and bonuses from being recharacterized as nondeductible dividends subject to double taxation.

[Christian @EdenTax]

In the case Oregon Environmental Council v. IRS, a federal court vacated an IRS rule that restricted tax credits for wind and solar projects, restoring the 5% safe harbor provision and easing deadlines ahead of a major clean-energy policy cutoff.

[Christian @EdenTax]

The IRS issued Revenue Procedure 2026-28 to relieve foreign national soccer associations from annual Form 990 filing burdens. The guidance applies directly to tax-exempt participating member associations whose teams competed in the 2026 FIFA World Cup.

[Christian @EdenTax]

A group of Senate Democrats is asking the acting Treasury Inspector General for Tax Administration to open an investigation into whether the Trump administration is violating federal laws prohibiting political influence over tax audits.

[Christian @EdenTax]

An arbitrator ordered the IRS to allow its unionized employees to work remotely after President Trump ordered federal agencies to require in-person work.

[Christian @EdenTax]

Due to inflation, the IRS has raised the 2026 standard mileage rates to deduct the use of an automobile for business/charitable/medical/moving expense purposes for the remainder of the year. It is the first time it's raised the mileage rate in the middle of the year since 2022.

[Christian @EdenTax]

Companies are receiving tariff refunds, at least for now: The Trump administration is in the process of refunding tariffs to importers, but the threat of further tariffs has clouded the picture for companies.

[Christian @EdenTax]

Central nonprofits with group exemption letters must now file Form 15644 to submit required annual data on their subordinate and affiliated organizations. This form ensures that the IRS has consistent records of which local affiliates fall under a parent organization's exemption.

[Christian @EdenTax]

The IRS issued final regulations this week on Section 1035 exchanges for life insurance contracts, eliminating a number of tax traps regulations issued in 2019 that also affected corporate reorganizations and death benefits for survivors.

[Christian @EdenTax]

The IRS released final regulations identifying certain arrangements claiming to be charitable remainder annuity trusts as "listed transactions," akin to tax shelters, requiring participants and their advisors to file disclosures about them or face penalties if they do not.

[Christian @EdenTax]

In 2026, the permanent standard deductions see their scheduled increases, rising to $16,100 for single filers, $32,200 for married filing jointly, and $24,150 for heads of household.

[Christian @EdenTax]

1099-K Reporting Thresholds: in 2026, third-party payment providers officially utilize the restored $20,000 gross receipts and 200 transactions test for reporting, ending the multi-year transition relief that previously caused confusion for gig workers and businesses.

[Christian @EdenTax]

The Opportunity Zone program has been made permanent. While the original OZ maps expire on December 31, 2026, the updated, permanent program features new decennial re-designations and enhanced incentives, including rolling deferrals and a 30% basis step-up for rural investments.