Tax practitioners have reported that some IRS Revenue Agents are demanding direct taxpayer interviews even when they have a valid Form 2848, Power of Attorney. Practitioners should remain alert to interview requests from IRS agents that may exceed the IRS’s statutory authority.
IRS Revenue Procedure 2026-25 provides a transfer tax safe harbor for contributions to Trump accounts, reducing gift tax compliance burdens for many donors. The safe harbor offers practical relief by simplifying reporting requirements while establishing clear eligibility and recordkeeping rules.
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