Daniel Jay Trousdale

tax clinic expenses & deductions Editor: Michael J. Mondelli, J.D. On May 2, 2025, the IRS released a determination letter (Letter Ruling 202518023, issued Feb. 4, 2025), clarifying the scope of the medical expense deduction under Sec. 213 for in vitro fertilization (IVF) and gestational surrogacy expenses.

Editor: Mark G. Cook, CPA, CGMA On May 30, 2024, the Tax Court issued an opinion on a charitable contribution deduction linked to the valuation and donation of certain conservation easements. The case, Excelsior Aggregates, LLC, T.C. Memo. 2024-60, centered on three of 13 subdivided parcels of land that the taxpayer, Excelsior Aggregates LLC and its affiliates (EAG), valued as a conservation easement totaling 4,608 acres, and on which EAG claimed $187 million as a charitable contribution in 2014.

Editor: Mark G. Cook, CPA, CGMA On May 8, 2023, the IRS Office of Chief Counsel (OCC) issued Chief Counsel Advice memorandum (CCA) 202323005, providing guidance with respect to U.S. employers who overpay their foreign national employee’s portion of tax imposed under the Federal Insurance Contributions Act (FICA).