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Taxbyte

IRC §274(o) Overtime Meal Deductions: What Changes in 2026

4 min read
Starting January 1, 2026, meals provided for the convenience of the employer under §119 become 100% non-deductible under IRC §274(o). However, a 50% deduction on overtime meals remains under §132(e)(1) if they meet three important requirements.

Recent Taxbytes

Senate Finance Committee Revisions to OBBBA

5 min read
The Senate Finance Committee's release of their version of the One Big Beautiful Bill Act

2025 SSA Trustees Report: Key Tax Implications for Practitioners

5 min read
The 2025 Social Security Trustees Report shows the OASI Trust Fund still runs dry in

When is a Settlement Partially Excludable? Tax Court Draws the Line (Joseph J. Zajac, III v. Comm., (TCM 2025-33))

3 min read
Joseph Zajac received a $35,001 settlement payment from the Town of Bolton related to claims

Failure to Pay Employment Taxes Gets Personal When Tax Court Rules Against Tax Professional (United States v. Tax and Bankruptcy Attorney, PLC, and Kenneth Keate., (US District Court for the District of Minnesota, NO. 0:22-CV-02928 (Nov. 27, 2024))

3 min read
In a case that should serve as a cautionary tale for all tax practitioners advising

Sixth Circuit Reverses Tax Court: IRA Distributions Taxable to Current Owner Even if IRS Took the Money (Lonnie W. Hubbard v. Comm., No. 24-1450, US Court of Appeals for the Sixth Circuit (March 19, 2025))

2 min read
In a significant decision, the Sixth Circuit reversed a Tax Court ruling that had treated

Noncustodial Parent Denied Dependency Despite Claiming One of Two Children for Years (Melissa Correll v. Comm., TCM 2025-31)

2 min read
When Melissa Correll claimed her 16-year-old son as a dependent on her 2021 return even

Government Secures $1.9 Million FBAR Penalty Judgment Against Estate (US v. Patricia Leeds, DC Idaho, No. 1:22-CV-00379 (Mar. 7, 2025))

2 min read
In a recent decision, the court granted summary judgment to the government in a case

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