PLR 202625012 says a private foundation has no interest in family business shares until a trustee irrevocably names it, which lets relatives and the company buy stock without self-dealing.
The measure taxes residents as of January 1, 2026, values their wealth at year-end and lets payers stretch the bill over five years, at a price that reaches deep into illiquid founder stock.
The 25th How America Saves study shows record 401(k) participation and savings rates, but finds most high earners still leave mega-backdoor Roth and after-tax contribution room unused.
Second-quarter estimated payments for 2026 are due June 15. High earners with equity vests, gains or K-1 income face a stricter prior-year test, and IRS underpayment interest runs at 6% to 7%.