IRS Internal Revenue Bulletin: I.R.B. 2025-41 Released

The IRS has published its Internal Revenue Bulletin. The bulletin includes: 1) Notice 2025-54, providing the 2025-2026 special per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home; 2) Notice 2025-51, adding 39 chemical substances to the list of taxable substances under I.R.C. § 4672, subject to the tax imposed by I.R.C. § 4671; 3) Notice 2025-52, explains the circumstances under which the four year replacement period under I.R.C. § 1033(e)(2) is extended for livestock sold on account of drought; 4) Rev. Rul. 2025-19, providing adjusted federal ...