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United States tax research

An orientation to the published research, tools, policy analysis and primary sources currently available for United States.

This orientation links to published material; it does not replace underlying source documents or advice for an individual situation.

Published research

• Understanding Trump Accounts: New IRA-Like Option for Kids Under the One, Big, Beautiful Bill — Trump Accounts are new savings vehicles for eligible children offering tax benefits—includes pilot contributions, unique investment rules, and phased growth period—all introduced in 2025–2026.
• Maximizing Your Foreign Earned Income Exclusion: Top Strategies for 2026 — Learn how the updated FEIE limit for tax year 2026 impacts you — and discover actionable tips for U.S. expats to minimize your global tax burden.
• Evaluating a Trump Account for Your Kid: Rules & Tax Strategy — Trump Accounts are new under WFTC—a way to save for children, get a one-time federal-$1,000 contribution, but compliance and gift tax rules matter.
• IRS’s Automatic Penalty Relief (AEP): What It Means & How to Qualify — The IRS is replacing First Time Abate with Automatic Exemption from Penalty for compliant taxpayers—here’s how it works and what to watch out for.
• Maximizing the Foreign Earned Income Exclusion (FEIE) in 2026 under OBBBA — Understand how inflation adjustments under the One, Big, Beautiful Bill Act affect your FEIE strategy, especially if you're a U.S. expat planning your overseas income.
• Massachusetts Decouples on Key R&D Deductions: What Businesses Need to Know — Massachusetts will no longer follow certain transition rules under the One Big Beautiful Bill for R&D expense deductions, affecting businesses with expenses paid between 2022–2024.
• IRS Introduces Automatic Penalty Relief Program: Say Goodbye to First Time Abate — Starting mid-2026, the IRS rolled out a new automatic penalty-relief program for qualifying taxpayers—making penalty abatement simpler and more consistent.
• Maximizing the Foreign Earned Income Exclusion in 2026: What Digital Nomads Should Know — Digital nomads can exclude up to $132,900 of their foreign-earned income in 2026—understanding how to qualify and apply the exclusion is essential to avoid missed opportunities or penalties.
• US Foreign Earned Income Exclusion & FBAR Updates — What Digital Nomads Need to Know for 2026 — From higher exclusion amounts to procedural changes under FBAR rules—digital nomads face critical updates for 2026 filings.
• Leveraging the Permanent Expansion of the Paid Family & Medical Leave Credit under WFTC — The Working Families Tax Cuts has widened access and methods for PFML credits—here’s how employers and workers can benefit starting in 2026.
• How the IRS’s New Automatic Exemption From Penalty (AEP) [Effective 2026–27] Transforms Penalties — Taxpayers with clean histories can now avoid common IRS penalties without having to ask—thanks to the Automatic Exemption from Penalty program replacing First Time Abate.
• New Rules for Clean Fuels Producers: A Guide to Notice 2026-53 and WFTC Changes — Producers of clean fuels must understand the new emission rate rules under Section 45Z and how manure, regenerative agriculture, and eligible feedstocks impact credits under WFTC.
• Leveraging Trump Accounts for Kids: Gift Tax Safe Harbor & Contributions Strategies — Explore how Trump Accounts offer new benefits for parents and relatives under the Working Families Tax Cuts—and how to avoid unnecessary gift tax filings.
• Mastering the Automatic Exemption from Penalty (AEP): Say Goodbye to First Time Abate — Starting Summer 2026, AEP simplifies penalty relief for compliant U.S. taxpayers, removing the need to request relief manually under FTA.
• How Changes to Standard Mileage Rates May Affect Digital Nomads and Remote Workers — Mid-2026 mileage rate revisions impact deductions for remote work, medical travel, and moving expenses—important for digital nomads keeping track of deductions.
• Automatic Penalty Relief: How AEP Replaces First Time Abate — The IRS is rolling out the Automatic Exemption from Penalty (AEP), phasing out First Time Abate to simplify relief for those with strong filing histories.
• Maximizing Federal Credits: A Guide to the PFML Tax Credit Under the Working Families Tax Cuts — The Working Families Tax Cuts permanently expand the federal employer credit for paid family and medical leave—offering businesses new pathways to claim benefits through both wages and insurance premiums.
• Moving Assets Across Borders? Estate Tax Rules Updated for Noncitizen Spouse Trusts — Significant final regulations affect how estates passing property to noncitizen spouses via qualified domestic trusts (QDOTs) are taxed—this article breaks down pitfalls and planning strategies.
• Paid Family & Medical Leave Credit Expanded: How Employers & Digital Nomads Can Benefit — The Working Families Tax Cuts permanently expanded the PFML credit under section 45S—this article dives into new premium-based methods, eligibility, and what digital nomads should know.
• Leveraging the New Automatic Penalty Relief: What Taxpayers Should Know — The IRS has introduced the Automatic Exemption from Penalty (AEP) to replace First Time Abate—our guide helps you determine eligibility, understand covered returns, and take advantage without the paperwork.
• Entity Setup Case Study: Using Trump Accounts and PFML Credit — Examine how small businesses can set up Trump Accounts for dependents and leverage Paid Family and Medical Leave credits to optimize their tax position.
• Compliance Simplified: New Penalty Relief & Secure Sharing with IRS Tools — Stop worrying about penalties—learn how the Automatic Exemption from Penalty and digitally authenticated Tax Compliance Report are changing the game for US taxpayers.
• Digital Nomad Tax Hacks: Foreign Earned Income Exclusion & Housing Deduction Strategies — Maximize your savings abroad by leveraging the Foreign Earned Income Exclusion and housing benefits under US tax law—learn how to qualify, calculate limits, and protect your deductions.
• Refundable Tax Credits & Immigration Status: What Digital Nomads Should Know — New proposed rules may affect how noncitizen residents and digital nomads claim refundable U.S. tax credits—here’s what to watch and how to plan.
• Automatic Penalty Relief is Changing: How Taxpayers Can Qualify Under AEP — With the First Time Abate program fading, the new Automatic Exemption from Penalty (AEP) eases penalty relief for compliant taxpayers—learn who qualifies and what to expect.
• Navigating the Expanded Paid Family & Medical Leave Credit: What Employers Need to Know — The Working Families Tax Cuts expanded PFML tax credits—this article walks employers through eligibility, calculation methods, and examples to maximize benefits.
• Handling Foreign Corporation Investments: Key Changes Under OBBBA’s Sections 898(c) and 960(d)(4) — New proposed IRS regulations under Section 898(c) and Section 960(d)(4) may require U.S. shareholders of foreign corporations to track foreign tax allocations and potential credit disallowances more closely—insights and tips here.
• Automatic Penalty Relief (AEP): What You Need to Know Before Filing — The IRS's new Automatic Exemption from Penalty reshapes how failure-to-file and failure-to-pay penalties apply—learn who qualifies, how it works, and what still requires action.
• Maximizing Your Foreign Earned Income Exclusion (FEIE): Practical Rules for 2026 — Learn how the updated FEIE and housing exclusion limits for 2026 impact U.S. taxpayers abroad—structured guidance to preserve exclusion benefits while staying compliant.
• 5 Key Federal Inflation Adjustments Every U.S. Taxpayer Should Know for 2026 — From higher standard deductions to raised exclusion limits, 2026 brings big inflation-driven changes that can reduce taxable income and ease tax burdens—if you know the details.
• From First Time Abate to AEP: Navigating the New Automatic Penalty Relief System — The IRS’s rollout of the Automatic Exemption from Penalty (AEP) in summer 2026 fundamentally changes how taxpayers qualify for relief from late-file or late-pay penalties—without having to ask.
• How U.S. Digital Nomads Can Leverage the Foreign Earned Income Exclusion and Housing Deduction in 2026 — With the 2026 increase in foreign earned income exclusion and housing limits, U.S. digital nomads abroad have powerful tools to reduce taxable income—if they meet bona fide residence or physical presence tests.
• Automatic Penalty Relief and State & Local Tax Deduction Corrections Under New IRS Rules — New IRS announcements streamline penalty relief for compliant taxpayers and correct SALT deduction limits on 2026 estimated tax payments—essential for individual tax compliance.
• How to Navigate Trump Accounts: What Parents Need to Know in 2026 — Trump Accounts are a new type of traditional IRA designed to support children’s financial futures—here’s how the regulations affect eligibility, investments, and contributions including employer and pilot program rules.
• Entity Setup Strategies in Light of New Trump Account Rules — New regulations on "Trump Accounts" and nondiscrimination rules change the game for employers and families when setting up retirement and educational savings vehicles.
• How FEIE, FBAR & Digital Nomad Rules Changed Under the One, Big, Beautiful Bill — With recent changes in U.S. international tax law, digital nomads must rethink planning around the Foreign Earned Income Exclusion, FBAR rules, and residency thresholds.
• IRS AI Governance Policy: What Digital Nomads & Remote Workers Should Know — The IRS's Aug 2026 AI governance policy doesn’t just apply internally—it has implications for privacy, recordkeeping, and use of generative AI tools by anyone dealing with IRS systems or data.
• What the Final Backup Withholding Rules Mean for Sellers Using Third-Party Payment Networks — New rules under the One, Big, Beautiful Bill (OBBBA) shift when backup withholding kicks in for payments through third-party networks—here’s what digital platforms and gig-economy workers need to know.
• How the IRS’s New Automatic Exemption from Penalty (AEP) Eases Burdens for Reliable Filers — With the IRS introducing AEP in mid-2026, eligible taxpayers no longer need to request penalty relief for certain late filings—provided they have a solid history of compliance.
• Foreign Earned Income Exclusion & FBAR: What Digital Nomads Should Know for 2026 — For U.S. citizens or resident aliens working overseas, understanding how the Foreign Earned Income Exclusion and FBAR filing rules interact is key to staying compliant and maximizing savings in 2026.
• Hot New Federal Credits: Paid Family & Medical Leave Expansion Explained — The Working Families Tax Cuts (WFTC) has expanded the employer credit for paid family and medical leave. Here’s how employers can claim it, including the new premium-based method introduced in 2026.
• Getting Automatic Penalty Relief with IRS’s AEP: What Taxpayers Need to Know — The IRS has introduced the Automatic Exemption from Penalty (AEP), phasing out First Time Abate, offering eligible taxpayers penalty relief without having to apply—here’s how to qualify and what returns are impacted.
• Federal Proposed Rules: Refundable Credits and Eligibility Under Immigration Law — IRS proposes to limit the refunded portion of key refundable credits to U.S. citizens, nationals, and qualified aliens under proposed rules to enforce PRWORA.
• Maximizing the Expanded Credit for Paid Family & Medical Leave — Permanent expansion of the PFML employer credit gives business owners and employees new options under the Working Families Tax Cuts.
• How the New Automatic Exemption from Penalty (AEP) Changes Penalty Relief — IRS launches AEP to make penalty relief automatic for compliant taxpayers, replacing First Time Abate.
• Maximizing Foreign Earned Income Exclusion in 2026: Digital Nomads’ Essential Guide — Foreign earned income exclusion updated for 2026—what digital nomads need to do to qualify and maximize exclusions and housing deductions.
• Automatic Penalty Relief and the End of First Time Abate: What Taxpayers Need to Know — The IRS is moving to the Automatic Exemption from Penalty (AEP) program, phasing out the First Time Abate relief, and simplifying how penalty relief is granted.
• What Digital Savvy Expats Should Know: Foreign Earned Income Exclusion & Related IRS Updates for 2026 — With changes to exclusion thresholds, depreciation-related rules, and evolving compliance demands, U.S. citizens abroad need to be especially precise in claiming foreign earned income and reporting foreign assets.
• Navigating the Expanded Paid Family and Medical Leave Tax Credit Under WFTC — With the Working Families Tax Cuts making the Paid Family and Medical Leave credit permanent and broader in 2026, employers and small businesses have new opportunities—and questions—around eligibility, credit calculation, and elections.
• How the IRS Automatic Penalty Relief (AEP) Changes Relief for U.S. Taxpayers — The IRS has officially replaced First-Time Abate with an automatic, compliance-based system that reduces penalties for many taxpayers with strong filing histories—key for planning and avoiding past-due notices.
• Navigating the Foreign Earned Income Exclusion & Housing Limits for Digital Nomads in 2026 — With inflation-indexed limits and updated geographic housing cost adjustments, digital nomads must cleverly plan their foreign earned income and housing exclusions for tax year 2026.
• Inside IRS’s New Automatic Exemption from Penalty (AEP): What It Means for Taxpayers — IRS replaces First Time Abate with AEP for returns with strong compliance histories — find out if you qualify and how this could immediately lower your risk and stress.
• How the New Paid Family & Medical Leave Credit Under WFTC Changes Employer Planning — Recent IRS guidance under Notice 2026-28 permanently expands eligibility and gives employers flexibility in how they claim the tax credit — learn what qualifies, how to plan, and what it means for businesses in 2026 and beyond.
• Beneficial Ownership Reporting: What Small Businesses Need to Know After the Final Rule Change — Treasury’s August 2026 final rule removes reporting requirements under the Corporate Transparency Act for many small businesses—this article explains what stays, what changes, and what you may no longer have to do.
• Automatic Penalty Relief: NEW IRS AEP Program Replacing First Time Abate — The Automatic Exemption from Penalty (AEP) is a game-changer: IRS will start automatically granting relief for failure-to-file, pay, and deposit penalties without requiring a request starting in 2026.
• Maximizing the New Paid Family & Medical Leave Credit: What Employers Need to Know — With the Working Families Tax Cuts expanding the PFML employer credit in 2026, businesses—especially small ones—should act now to understand eligibility, calculations, and elections under Notice 2026-28.
• Section 4960 Executive Compensation Tax Changes for Tax-Exempt Organizations: What to Know — New notice from the Treasury/IRS signals upcoming changes to how high compensation for executives at tax-exempt nonprofits will be taxed—especially around the definition of "covered employee."
• Federal Backup Withholding & Interest Rate Changes: Key Updates for Businesses and Individuals — Learn how the IRS’s threshold changes for third-party backup withholding, and the updated federal interest rates starting Q4 2026, could affect your payments and compliance practices.
• Foreign Earned Income Exclusion in 2026: Inflation Adjustments, Housing Limits, and Waivers — Everything you need to know in mid-2026 about the Foreign Earned Income Exclusion (FEIE), including updated limits, housing expense caps, and waivers for individuals affected by war or civil unrest.
• Navigating the IRS’s New Digitally Authenticated Tax Compliance Report: What You Need for Loans, Jobs & More — A digitally signed tax compliance report from your IRS individual online account now replaces tedious paper-heavy verification—here’s how it works, who needs one, and why it matters most for those abroad or with financial transitions.
• Harvesting the Expanded Paid Family & Medical Leave Credit: What Employers Need to Know — Under the Working Families Tax Cuts, the PFML credit is now **permanent** and **more flexible**—new premium-based election, eligibility for part-timers, and counting state mandates make it more accessible than ever.
• Mastering the New Automatic Penalty Relief: Your Peace of Mind Transition from First Time Abate — IRS’s new Automatic Exemption from Penalty (AEP) is replacing First Time Abate, meaning if you’ve been compliant historically, penalties may simply never hit—no case-drafting necessary.
• Maximizing the Foreign Earned Income Exclusion in 2026 — Foreign earned income exclusion and housing limits have shifted upward—making it key for expats and nomads to adjust planning accordingly.
• Automatic Exemption from Penalties: What You Need to Know — The IRS has launched a new **Automatic Exemption from Penalty (AEP)** replacing First Time Abate (FTA), giving relief to timely filers—no request needed.
• Information Return Filers: Prepare Now for the FIRE to IRIS System Transition — The FIRE e-file platform is being retired. Filers of information returns need to shift to the modern IRIS platform by late 2026—here’s what you must do.
• Decoding Trump Accounts: Setting Up and Maximizing the New IRA for Kids — Trump Accounts are a new IRS-sanctioned IRA for eligible children under the One, Big, Beautiful Bill; here's how to open one, invest wisely, and claim the $1,000 pilot contribution.
• Automatic Penalty Exemption: What the IRS’s New Relief Means for Compliant Taxpayers — A streamlined approach is now in place at the IRS to automatically waive certain penalties for taxpayers with a strong record—a shift that can save compliant filers both time and money.
• What Every Parent Needs to Know About **Trump Accounts**: Saving & Tax Rules for New Child IRAs — New rules for Trump Accounts under the One, Big, Beautiful Bill: how eligible investments work, contribution limits, and when kids take over.
• How the Employer **Paid Family and Medical Leave Credit (PFML)** Changed for 2026 — Discover the expanded federal credit under section 45S: changes to include insurance premiums, how employers elect methods, and what eligibility looks like today.
• Mastering the **Automatic Exemption from Penalty (AEP)** under U.S. Federal Tax Law — Learn how the IRS’s new Automatic Exemption from Penalty simplifies relief for eligible taxpayers—what qualifies, what’s covered, and how it affects you.
• Understanding Federal Scholarship Tax Credit (FSTC) Begins Jan 2027: What Individuals & States Need to Do — Starting Jan 1, 2027 taxpayers in participating states may claim a federal credit for donations to SGOs—up to $1,700, but only if their state elects in and sets up qualified organizations.
• Paid Family & Medical Leave Credit Enhanced Under WFTC: What Employers Need to Know — The Working Families Tax Cuts permanently expands the PFML tax credit—making more employers eligible and adding a premium-based option starting in 2026.
• How to Navigate the New Automatic Exemption from Penalty (AEP): Simplifying Penalty Relief — AEP replaces First Time Abate and automatically shields taxpayers with good filing and payment history from certain penalties—no action required in most cases.
• Trump Accounts: New Rules for IRA-like Accounts Created Under the Working Families Tax Cuts — Trump Accounts are a novel benefit enabling parents to build long-term savings for children. New proposed regulations clarify eligible investments and trustee rules to kick in for 2026 tax years.
• The Basics of Foreign Earned Income Exclusion in 2026: What Expats and Digital Nomads Need to Know — With the Foreign Earned Income Exclusion rising and new housing cost limits in place, U.S. expats and nomads have fresh rules to navigate for 2026. Here's how to maximize tax savings.
• Automatic Penalty Relief: How the IRS’s New AEP System Can Help You Avoid Fines — The IRS has replaced the First Time Abate program with Automatic Exemption from Penalty (AEP), offering overdue relief for compliant taxpayers without needing to file a request. Here's how it works—and whether you qualify.
• IRS Introduces Automatic Penalty Relief: Your New Option to Avoid Penalties — IRS is phasing out First Time Abate and launching Automatic Exemption from Penalty (AEP) in summer 2026 for compliant taxpayers—learn eligibility, timeline, and steps.
• Maximizing Your Tax Breaks: Foreign Earned Income & Housing Deductions in 2026 — For expats and digital nomads, 2026 brings updated limits on the Foreign Earned Income Exclusion and housing deductions—learn how to leverage these changes.
• How to Take Advantage of the 2026 Inflation Adjustments for Tax Planning — The IRS has raised many thresholds for 2026—standard deductions, exclusion amounts, AMT limits. Here’s how individuals and businesses can use them to optimize tax outcomes.
• IRIS Takes Over FIRE: What Businesses Must Do Before the 2027 Filing Season — With the IRS retiring FIRE and mandating IRIS for information returns, businesses must act now to avoid filing disruptions for 2026 calendar year returns.
• Maximizing the New IRS Automatic Penalty Relief: What US Taxpayers Need to Know — Learn how the IRS’s Automatic Exemption from Penalty (AEP) program is transforming relief for late filing, payment, or deposit, and whether you might qualify.
• Employer Credit for Paid Family and Medical Leave: New Guidance under the One, Big, Beautiful Bill — New IRS guidance clarifies how employers can claim the expanded paid family and medical leave credit under § 45S—this article breaks down eligibility, calculation, and documentation.
• New IRS Procedures for Retirement Plans: Cycle 4 Opinion Letters & Adoption Deadlines — Employers managing defined contribution or defined benefit plans face new IRS deadlines and requirements under the remedial amendment Cycle 4—in this article, clarity on what’s changing and when to act.
• Leveraging the “No Tax on Tips” Deduction: A Guide for Gig Economy Workers — With the Working Families Tax Cuts giving new opportunities for critical deductions, gig workers can now permanently benefit from the “no tax on tips” rule—here’s what it takes to qualify and how to optimize your deductions.
• Choosing the Best Entity Structure for US-Based Online Entrepreneurs — US digital entrepreneurs face unique risks—entity selection impacts liability, taxes, and international expansion. This article compares LLCs, S Corps, and C Corps to help you decide.
• New IRS Penalty Relief: How Automatic Exemption from Penalty Changes Compliance — Starting summer 2026, taxpayers with clean histories get penalty relief automatically—no need to apply. Here’s who qualifies and what risks to watch out for.
• Maximizing Your Foreign Earned Income Exclusion and Housing Deduction in 2026 for Digital Nomads — Foreign Earned Income Exclusion (FEIE) rules and housing deduction caps change every year—here’s what digital nomads need to know for tax year 2026 and how to plan smartly.
• Updated Standard Mileage Rates & How They Affect Self-Employed & Digital Nomads — IRS raised the business mileage deduction to 76¢/mile from July 1, 2026. Here's what self-employed and location-independent workers need to know to maximise their deductions.
• Permanent Employer Credit for Paid Family & Medical Leave: How to Leverage the WFTC Credit in 2026 — New guidance under the Working Families Tax Cuts expands the employer credit for paid family & medical leave. Employers can now use a premium-based method; here’s what that means and who qualifies.
• IRS Rolls Out Automatic Exemption from Penalty: What Taxpayers Need to Know — In summer 2026, the IRS replaced First Time Abate with a streamlined Automatic Exemption from Penalty (AEP) process. Here's how you qualify and what actions (if any) you need to take.
• Staying Compliant as a U.S. Expats: FEIE, FBAR & Treaty Considerations — Multiple rules overlap for U.S. citizens abroad—learn updated thresholds, penalties, and treaty tools to avoid double taxation.
• Maximizing the ‘No Tax on Overtime’ Deduction: Strategies and Pitfalls — A powerful new deduction under the Working Families Tax Cuts Act—learn how to claim it, who qualifies, and common mistakes to avoid.
• Navigating Automatic Exemption from Penalty (AEP): What U.S. Taxpayers Need to Know — The IRS is transitioning to a new penalty relief system in summer 2026—learn who’s eligible, how it works, and what to watch out for.
• State Income Tax Credit Changes in California: Business Incentives & Conformity Updates — Recent legislative changes in California update tax credits for businesses, adjust conformity with federal law, and overhaul credit limitations starting 2030.
• Automatic Penalty Relief: What IRS’s AEP Program Means for You — If you've consistently filed and paid your taxes on time, the IRS’s new Automatic Exemption from Penalty (AEP) may shield you from certain penalties—no request necessary.
• Navigating the “Trump Accounts” Rules: What Parents and Trustees Need to Know — Trump Accounts are a new type of traditional IRA for children under the Working Families Tax Cuts—these rules affect who can open them, how they’re invested, and what contributions are allowed.
• Maximizing Trump Accounts: Entity Setup, Gifting & Investment Strategies — The new Trump Accounts under the Working Families Tax Cuts bring opportunities for tax-efficient gifts and retirement-style growth: here’s how entities and individuals should plan.
• How the Automatic Exemption from Penalty (AEP) Changes IRS Penalty Relief — IRS’s new AEP gives qualified taxpayers relief from certain penalties without trigger-requests—here’s how it works and what taxpayers must do to benefit.
• Boost Your Bottom Line: Navigating the Enhanced Employer-Provided Child Care Credit — New improvements under the Working Families Tax Cuts raise the cap and credit rate for employer-provided child care expenses—discover who qualifies, how much you can claim, and pitfalls to avoid.
• IRS’s New Automatic Penalty Relief: Goodbye First Time Abate, Hello AEP — The IRS is phasing out First Time Abate and introducing the Automatic Exemption from Penalty (AEP) beginning summer 2026, relieving compliant taxpayers from key penalties without having to request relief.
• International Tax Essentials: Making the Most of the Foreign Earned Income Exclusion in 2026 — Key updates to the Foreign Earned Income Exclusion (FEIE) for 2026 affect digital nomads and U.S. expats—learn income limits, housing caps, and eligibility rules to maximize exclusions.
• What Digital Nomads Should Know About Trump Accounts & U.S. Tax Residency — Trump Accounts are new child-focused IRA-type arrangements, and understanding federal tax residency, FBAR/FEIE, and U.S. investment rules is essential for nomads with kids or dependent children.
• State of Digital Access for Businesses: New IRS Features You Should Use — IRS enhancements to the Business Tax Account and the new digitally authenticated Tax Compliance Report are helping businesses and individuals gain safer, faster access to tax records abroad and at home.
• Maximizing the New Employer Credit under the PFML Expansion — The Working Families Tax Cuts law permanently expands the Paid Family and Medical Leave credit—employers need to know how to claim it using both the wage-based and new premium-based methods beginning 2026.
• State and Federal Policy Changes – Using Tax Inflation Adjustments & Estate Modifications Strategically — 2026 brings key updates to inflation-indexed ceilings and qualified domestic trust rules, which affect gift, estate planning, and high-income individuals.
• Automatic Penalty Relief & Paid Family Leave: What Employers Must Know — New federal updates offer simpler penalty relief and enriched family leave credits for employers — compliance landscape has shifted.
• Maximizing the Foreign Earned Income Exclusion & Housing Benefits for U.S. Expats in 2026 — New limits and updated guidance make understanding FEIE and housing costs more critical than ever for Americans living abroad.
• Compliance Essentials: Major IRS Policy Changes Affecting Businesses in Summer 2026 — From the Saver’s Match proposal to expanded Business Tax Account features, recent IRS policies are reshaping business compliance obligations—know what has changed.
• 5 Essential Tax-Planning Strategies for U.S. Expats in 2026 — Maximize savings while staying compliant overseas—strategies that leverage recent IRS inflation updates, the non-resident exclusion rules, and housing deductions.
• Automatic Penalty Relief & Inflation Adjustments: Simplifying Compliance for 2026 — Recent IRS policies introduce Automatic Exemption from Penalty (AEP) and key inflation-indexed adjustments making compliance less burdensome—especially for late filers and small businesses.
• Navigating Foreign Earned Income Exclusion & Housing Limits for Digital Nomads in 2026 — Understand the updated foreign earned income exclusion and housing deduction limits for 2026, waiver countries due to unrest, and tips to claim correctly and avoid surprises.
• Maximizing Your Federal Benefits: Paid Family & Medical Leave Credit Explained — Explore how the recent IRS guidance expands the permanent Paid Family and Medical Leave credit under the Working Families Tax Cuts, what qualifies, and how employers can benefit starting in 2026.
• Gig Economy Workers & Tax Reporting: Key Updates From the One, Big, Beautiful Bill — Gig workers have new incentives, reporting thresholds, and deductions starting 2025 under the OBBA; here’s what those working via platforms need to know.
• Foreign Earned Income Exclusion & Housing Deductions: What Digital Nomads Need to Know for 2025–2026 — Inflation adjustments and geographic-based housing limits make the FEIE and housing exclusions/deductions changing—here's how nomads can plan smartly abroad.
• Automatic Exemption from Penalties: A Big Relief for Compliant Taxpayers — As of summer 2026, IRS has rolled out a new system to automatically waive penalties for certain failures-to-file, pay, or deposit situations for taxpayers who have demonstrated timely compliance in recent years.
• Structuring Entities Post-OBBBA: What Businesses Should Know When Forming a C-Corp vs S-Corp or LLC — Understand how the One, Big, Beautiful Bill’s key changes affect entity selection, tax elections and operational risk — so you can choose the best structure for your venture.
• How U.S. Expats Can Leverage the 2026 Foreign Earned Income Exclusion for Maximum Savings — Discover how recent inflation adjustments and IRS updates make the Foreign Earned Income Exclusion a powerful tool for Americans abroad — and how to avoid common pitfalls.
• What’s Changing: Qualified Opportunity Zones under the One, Big, Beautiful Bill — New rules for QOZ designations, investments & rural areas—permanent extension under recent federal tax reform.
• Automatic Exemption from Penalty (AEP): What U.S. Taxpayers Need to Know — The IRS is replacing First Time Abate with an automatic relief program starting Summer 2026—here’s how it changes penalty relief.
• How U.S. Expats Can Leverage the Foreign Earned Income Exclusion in 2026 — Maximize your tax savings abroad: updated FEIE thresholds, eligibility rules & best practices for filing when living overseas.
• State Adoption of Federal Code Changes: What That Means for Businesses in Florida & Beyond — Florida and other states are updating their corporate tax laws to synchronize with federal changes from 2026—here’s what entities must know now.
• How the Working Families Tax Cuts Transform The Tax Burden For U.S. Workers — The Working Families Tax Cuts bring sweeping changes for 2025–2028—from “no tax on overtime” to enhanced deductions—and here's what individuals need to know for 2026.
• Maximizing the Foreign Earned Income Exclusion in 2026: Rules, Risks & Opportunities — If you’re working abroad, 2026 brings higher thresholds and renewed opportunities under the Foreign Earned Income Exclusion—but also traps you need to watch out for.
• Retirement Plan Update: Extended Deadlines Under SECURE 2.0 You Can't Miss — Retirement plan sponsors now have until Dec 31, 2027 to amend many plans under SECURE 2.0—make sure your documents and operations comply retroactively.
• Entity Setup Strategies Under the One Big Beautiful Bill: QBI, Standard Deductions & Planning — New thresholds and permanent changes for qualified business income and deductions under the One Big Beautiful Bill law demand updated entity strategies.
• Maximizing the Foreign Housing Exclusion: What Digital Nomads Need to Know in 2026 — U.S. citizens living abroad can leverage the higher 2026 foreign housing cost limits and base housing amounts to lower taxable income—but location matters.
• Entity Setup in the U.S.: Choosing S-Corp, LLC, or C-Corp for Small Businesses — A breakdown of pros, cons, and U.S. state/federal considerations when deciding what business entity type to set up in 2026
• Tax Planning for U.S. Remote Workers: Maximizing the FEIE & Keeping State Residency Clean — Learn how U.S. remote workers or digital nomads can legally reduce U.S. tax liability using the Foreign Earned Income Exclusion (FEIE) and avoid unexpected state tax surprises
• Gig Economy & Tips: New Treaties, Thresholds, and Permanent Deductions Under the Working Families Tax Cuts — The Working Families Tax Cuts introduces permanent tax reliefs for gig workers—especially those earning tips—and reverts 1099-K thresholds; key for anyone using apps or marketplaces.
• Maximizing the Foreign Earned Income Exclusion & Housing Exclusion in 2026: Real Tips for Digital Nomads — Inflation adjustments made for tax year 2026 increase FEIE and housing limits—key changes digital nomads should build into their tax planning now.
• Navigating IRS’s New Automatic Exemption from Penalty (AEP): What Every Taxpayer Must Know — The IRS has replaced First Time Abate with an automatic, no-request-required penalty relief starting in summer 2026—saving time, paperwork, and money for those with solid compliance history.
• Automatic Penalty Relief: What IRS’ New AEP Means for Compliant Taxpayers — IRS has replaced First Time Abate with Automatic Exemption from Penalty for 2025-2026 returns—this article breaks down who qualifies, what penalties are covered, and how to prepare.
• How U.S. Expats Can Leverage the 2026 Foreign Earned Income & Housing Exclusions — With the 2026 Foreign Earned Income Exclusion rising, expats and digital nomads have fresh planning opportunities—this guide explains how to qualify, calculate exclusions and housing deductions, and navigate FBAR responsibilities.
• Understanding the New Automatic Exemption from Penalty (AEP) Under IRS Policy — The IRS has introduced AEP—an automatic penalty relief program replacing First Time Abate—for more streamlined compliance starting in 2026.
• Maximizing the U.S. Foreign Earned Income Exclusion & Housing Benefits for 2026 — Learn how the updated Foreign Earned Income Exclusion, base housing amount, and housing expense limits for 2026 can significantly reduce U.S. tax liabilities for Americans abroad.
• Avoiding Abusive Scheme Risks: Reporting Obligations for CRATs Declared as Listed Transactions — New IRS rules designate certain Charitable Remainder Annuity Trust schemes as listed transactions with strict reporting and penalty consequences for those attempting to avoid recognizing income.
• Automatic Penalty Relief: IRS’s New AEP Program Simplifies Burden for Compliant Taxpayers — The IRS’s new Automatic Exemption from Penalty (AEP) program replaces First Time Abate, offering penalty relief without taxpayer action for those with strong compliance histories.
• Mastering the Foreign Earned Income Exclusion: What U.S. Expats Need to Know for 2026 — Maximize your tax savings abroad with updated FEIE limits and proven strategies for meeting the bona fide residence or physical presence tests without risking compliance missteps.
• Entity Setup Essentials: Evaluating Trump Accounts and Estate/Gift Safe Harbors in 2026 — New IRS safe harbors for gift taxes under Trump Accounts and important inflation-adjusted thresholds shift estate/gift planning strategies in 2026.
• New IRS Automatic Penalty Relief and Listed CRA Transactions: What Taxpayers Need to Know — Recent IRS rules simplify penalty relief for compliant taxpayers and clarify when certain charitable remainder annuity trust deals are considered abusive, impacting compliance strategy.
• Maximizing the Foreign Earned Income Exclusion and Housing Deduction in 2026 — Discover how changes to inflation-adjusted exclusion limits and housing thresholds can impact U.S. citizens living abroad, with key strategies to optimize benefits.
• Establishing an Entity for Digital Nomads Working Remotely in the U.S. — Choosing the right entity structure can help remote U.S. workers abroad optimize taxes, liability and benefit from treaties—here’s how to choose wisely while navigating FEIE, FBAR, and reporting.
• Automatic Penalty Relief 2026: Replace First Time Abate with AEP — In summer 2026, IRS will roll out the Automatic Exemption from Penalty (AEP), eliminating the need to request First Time Abate if you’ve consistently complied.
• Mastering the Foreign Earned Income Exclusion in 2026: What U.S. Expats Need to Know — A U.S. taxpayer living abroad may be able to exclude up to $132,900 of foreign earned income in 2026, plus housing costs subject to geographic limits. Here’s how to see if you qualify, how to calculate it, and what to watch out for.
• State Focus: Understanding Texas’s Recent Local Sales & Use Tax Rate Changes — Local Texas jurisdictions have changed sales and use tax rates effective July 1, 2026—businesses operating there need to update their systems now.
• How Foreign Bank Account Reporting (FBAR) Rules Impact Digital Nomads Abroad — Living or working abroad doesn't exempt you from FBAR reporting—understand the rules, deadlines, and risks to stay compliant.
• Navigating the IRS’s New “Penalty Relief” Automation: What You Need to Know — The IRS has recently introduced an automatic process to provide penalty relief for some taxpayers who consistently file and pay on time—here’s how it works and whether you qualify.
• Executive Compensation Rules Tighten for Tax-Exempt Organizations under OBBB — New proposed regulations extend excise tax on excess compensation beyond the top five employees, potentially impacting any employee earning above $1 million.
• Mastering the New AEP: Penalty Relief Made Automatic — IRS’ Automatic Exemption from Penalty (AEP) replaces First Time Abate, offering eligible taxpayers penalty relief without having to ask—starting summer 2026.
• How Nonprofits Should Prepare: The New Regulations on Excess Compensation Under Section 4960 — Section 4960 changes redefine 'covered employees' for nonprofits and tax-exempt organizations—understand what expanded liability means and what steps you should take ahead of proposed regulation deadlines.
• Navigating the IRS’ New Automatic Exemption from Penalty (AEP): What Compliance Means for You — The IRS now offers automatic penalty relief for compliant taxpayers—understanding the qualifying criteria and action points can save you stress and costs during these major transitions.
• Maximize Your Refunds: Tax Planning Strategies in Light of the Working Families Tax Cuts — Discover actionable tax-planning moves to leverage 'No Tax on Tips', 'No Tax on Overtime', and more from the Working Families cuts — ensuring your 2025 return captures every dollar you deserve.
• Digital Nomad Tax Tips Under One, Big, Beautiful Bill: Maximizing Benefits & Navigating Compliance — For digital nomads living abroad or bouncing between countries, recent inflation adjustments and legislative enhancements under the One, Big, Beautiful Bill change what’s deductible—this article navigates those updates.
• Section 892 Proposed Regulations: What They Mean for Foreign Governments Investing in the US — New IRS proposed regulations under section 892 bring changes to how foreign sovereigns are taxed—or exempted—on passive income from US sources, with grandfathering and transition relief to ease the impact.
• How to Leverage the New Automatic Exemption from Penalty: A Compliance Game-Changer — IRS’s introduction of the Automatic Exemption from Penalty (AEP) transforms how many taxpayers manage late filings, payments, and deposits—no more First Time Abate requests.
• Gift Tax Safe Harbor for Trump Accounts: What Donors Need to Know in 2026 — A revenue procedure issued in May 2026 offers safe harbor treatment for certain contributions to Trump Accounts, helping donors avoid gift tax reporting if specific requirements are met.
• How the New AEP Changes Penalty Relief for U.S. Taxpayers — Starting summer 2026, the IRS is implementing the Automatic Exemption from Penalty (AEP) which replaces First Time Abate and changes how failure‐to‐file, pay, or deposit penalties are handled.
• Digital Nomad Tax Rules: What Changed for 2025-26 under Working Families Tax Cuts — The Working Families Tax Cuts law introduces new deductions, thresholds, and benefits that shift the tax picture for digital nomads—here’s what to know.
• Startup Entity Setup: Choosing Between S-Corp vs LLC for Founder Tax Savings — Deciding whether to form an LLC or elect S-Corp status can have big tax and administrative consequences—this guide lays out when each structure shines.
• How the New Automatic Penalty Relief (AEP) Changes Penalty Strategy for Taxpayers — The IRS’s Automatic Exemption from Penalty (AEP) transforms how taxpayers with a clean history are treated—no more formal requests for relief if you qualify.
• Digital Self-Service Tools: Using the Enhanced Business Tax Account to Streamline Entity Compliance — With recent feature upgrades, the IRS Business Tax Account offers powerful new ways for entities to keep up with compliance—access notices, manage payments, and reduce risk.
• How to Maximize Deductions with the Updated 2026 IRS Standard Mileage Rates — IRS rates rose mid-2026 due to fuel cost hikes—learn which uses apply, how to choose the right method, and when the higher rates kick in.
• Planning Ahead with the IRS’s New Automatic Exemption from Penalty — The IRS is replacing First Time Abate with an automatic process that provides penalty relief for eligible taxpayers — here’s how it works, who qualifies, and how to take advantage.
• Digital Nomad Guide: Foreign Earned Income Exclusion & Housing Deduction in 2025-2026 — For U.S. citizens working abroad, recent updates to IRS Publication 54 sharpen how the Foreign Earned Income Exclusion and Housing Deduction are calculated—essential reading for digital nomads.
• Compliance Update: Expanded Executive Compensation Excise Tax for Nonprofits under OBBBA — Nonprofits must take note: the definition of "covered employee" under the excise tax for excessive compensation has been significantly broadened—effective for tax years after December 31, 2025.
• Tax Planning Strategy: Leveraging the 'No Tax on Tips' Deduction for 2025 — The One, Big, Beautiful Bill introduces a new deduction that excludes qualified tips (up to $25,000) from income—learn how this works, who qualifies, and how to optimise your tax return.
• What Digital Nomads Should Know About the Remittance Transfer Tax Under OBBBA — A new 1% remittance tax now applies to certain transfers abroad under the “One, Big, Beautiful Bill”—find out when, how much, and how to stay compliant.
• Understanding IRS Rules on Charitable Remainder Annuity Trust (CRAT) Listed Transactions — New IRS regulations now classify certain CRAT setups as listed transactions, increasing reporting obligations and exposure to penalties for non-disclosure.
• Navigating IRS’s Automatic Exemption from Penalty (AEP): What Taxpayers Need to Know — The IRS is replacing the First Time Abate relief with an automatic penalty relief system—AEP—that rewards taxpayers with a clean compliance history without the need to file special requests.
• CRAT Listed Transactions: What Advisors Must Know After New IRS Regulations — Recent final regulations classify certain Charitable Remainder Annuity Trust (CRAT) transactions as listed transactions—material advisors and participants face disclosure duties and penalties.
• Automatic Exemption from Penalty (AEP): IRS’s New Relief Program for Compliant Taxpayers — IRS has introduced the Automatic Exemption from Penalty (AEP), a new system to grant penalty relief automatically to taxpayers with a strong history of filing and paying on time—no need to request First Time Abate anymore.
• Maximizing Trump Accounts: How Safe Harbor Rules Simplify Gift Tax Reporting — Learn how the recent Revenue Procedure 2026-25 safe harbor makes gifts to Trump Accounts under the Working Families Tax Cuts easier—removing the need to file gift tax returns under certain conditions.
• Preparing Entities for the Broader Definition of Covered Employee Under Section 4960 — Section 4960’s changings under OBBBA expand which tax-exempt org executives are subject to hefty pay excise tax—learn who is newly in, what it means, and how to plan.
• Understanding Trump Accounts & the Gift Tax Safe Harbor under Working Families Tax Cuts — Learn what 'Trump Accounts' are under the new law and when you can avoid filing a gift tax return thanks to the safe harbor in Revenue Procedure 2026-25.
• Maximizing Tax Relief with the IRS’s New Automatic Exemption from Penalty — Discover how the IRS’s new Automatic Exemption from Penalty (AEP) program can save compliant taxpayers from penalties without needing to file requests.
• Tax Planning for U.S. Digital Nomads: Maximize Benefits, Minimize Hassle — Digital nomads can tap into exclusions, deductions, and treaties—but only if planning ahead with record-keeping, structure, and awareness of tax home rules.
• Entity Setup Insights: Choosing the Right Business Structure for Global Ventures — Selecting the optimal business entity matters especially for digital nomads and globally-oriented businesses—how LLCs, S-Corps, and foreign entities differ under U.S. tax rules and cross-border situations.
• Mastering U.S. Penalty Relief: Automatic Exemption from Penalty (AEP) Explained — IRS is replacing First Time Abate with the Automatic Exemption from Penalty (AEP), offering eligible taxpayers relief from certain penalties without needing to ask—all beginning summer 2026.
• Digital Nomad Tax Tips: How U.S. Tax Law Changes Affect Remote Workers Abroad — Recent changes under the One, Big, Beautiful Bill bring new inflation-adjusted thresholds and deductions that impact U.S. remote workers living overseas.
• Maximizing Business Efficiency: Navigating the Upgraded IRS Business Tax Account — The IRS has enhanced the Business Tax Account (BTA) platform with new features and expanded eligibility—perfect for business owners aiming for smoother tax management.
• How Penalty Relief is Changing: The IRS’s Automatic Exemption from Penalty (AEP) Explained — The IRS is replacing First Time Abate with a new systemic relief program called AEP, offering automatic penalty exemptions for eligible taxpayers—no request needed.
• Digital Nomads & The Working Families Tax Cuts: What Remote Workers Need to Know — Remote workers who split time across states or countries, or work gig-style, must understand how the Working Families Tax Cuts affect deductions, income sourcing, and compliance.
• CRATs Under Scrutiny: New Regulations Designate Certain Arrangements as Listed Transactions — New IRS final regulations redefine certain Charitable Remainder Annuity Trust transactions as reportable listed transactions — altering obligations for trusts, donors, and advisors.
• Mastering Penalty Relief: Understanding the New Automatic Exemption from Penalty — Explore how the IRS’s new penalty relief process works, who qualifies for it, and how it affects your penalty exposure for tax years 2025 and 2026.
• Entity Setup for Digital Nomads: U.S. Structure Tips for Remote Entrepreneurs — If you’re working remotely from abroad or switching countries often, choosing the right U.S. entity type can save you taxes, enhance liability protection, and simplify compliance.
• How the Working Families Tax Cuts Change Your Tax Calculations in 2025-2026 — The Working Families Tax Cuts bring several new deductions—no tax on tips, overtime, car loan interest—and updated inflation adjustments that can significantly affect your liability.
• How the Automatic Exemption from Penalty (AEP) Will Simplify Penalties for Timely Compliant Taxpayers — Starting summer 2026, the IRS will automatically waive certain penalties for taxpayers who have a three-year history of filing and paying on time—no longer will you need to request relief manually.
• Final Regulations for Material Advisor Reporting: What Entities Must Disclose Under §§ 6011, 6111, 6112 — Updated rules now require more detailed disclosure by entities and material advisors involved in reportable transactions—and new threshold rules apply under recent final regulations.
• What Gig Workers Need to Know About Deductions and the New Tax Law — The Working Families Tax Cuts law has permanently expanded deductions for gig workers—learn what's new and how to maximize your savings.
• How the IRS’s Automatic Exemption from Penalty (AEP) Simplifies Penalty Relief for Compliant Taxpayers — Starting in summer 2026, the IRS will automatically waive certain penalties for taxpayers who meet consistent filing and payment records—no more special requests for relief.
• Understanding the IRS Final Regulations on Charitable Remainder Annuity Trusts (CRATs) as Listed Transactions — New rules now classify certain CRAT arrangements as “listed transactions,” triggering stricter reporting requirements—here’s what donors, advisors, and beneficiaries need to know.
• Automatic Penalty Relief: What Taxpayers Need to Know About the New AEP Program — The IRS is phasing out First-Time Abate and moving to Automatic Exemption from Penalty—this article breaks down who qualifies, what penalties are covered, and how to apply.
• How US Businesses Can Leverage the Enhanced Business Tax Account Features — With the IRS unveiling expanded digital tools for the Business Tax Account (BTA), businesses can streamline many administrative tax functions—here’s how to make the most of the new features.
• Case Study: Gig Economy Tax Impacts under the ‘One Big Beautiful Bill’ for Digital Nomads — How the 2025 ‘‘One Big Beautiful Bill’’ law affects gig workers and digital nomads—reporting thresholds, deductions, and more—transformed by new tax law provisions and IRS rules.
• Leveraging the Business Tax Account: A Guide to IRS’s Summer 2026 Feature Expansion — The IRS has upgraded the Business Tax Account (BTA) with new digital tools that can simplify entity compliance, EIN verification, notice handling, and debt settlement.
• Maximizing Automatic Exemption from Penalty (AEP): What Every U.S. Taxpayer Needs to Know — The IRS has launched the Automatic Exemption from Penalty (AEP), streamlining administrative penalty relief for those with a strong compliance track record—no more requesting First Time Abate in many cases.
• Entity Setup Insight: When Your Tribal Organization is Recognized (or Not) as a Separate Tax Entity — New IRS final regulations specify how entities wholly owned by Indian Tribal governments are treated for income, employment, and excise tax purposes—crucial for tribal organizations considering separate entity status.
• Safeguarding Your Finances: IRS Security Summit’s New Framework Against Identity & Withholding Fraud — Explore how the IRS and its partners are restructuring to thwart fraud, particularly targeting wage withholdings & identity theft—and what businesses, tax pros, and individuals need to do now.
• How the New 1% Remittance Transfer Tax Impacts Digital Nomads Sending Money Home — Discover how the one‐percent remittance transfer tax under the One, Big, Beautiful Bill affects digital nomads sending money abroad, including who pays, required reporting, and strategies to minimize cost.
• Planning for Inflation-Adjusted Tax Items Under the One, Big, Beautiful Bill 2026 — With legislative indexing changes in effect for 2026, it’s critical to understand adjusted thresholds and deductions under the One, Big, Beautiful Bill.
• Navigating the New CRAT Final Regulations: Risks & Reporting for Charitable Remainder Annuity Trust Schemes — Recent final regulations aim to crack down on abusive tax strategies involving Charitable Remainder Annuity Trusts—these affect donors, trusts and advisors alike.
• Mastering Penalty Relief: How the New Automatic Exemption from Penalty (AEP) Changes the Game — Good news for diligent taxpayers: starting summer 2026, IRS is phasing out First Time Abate and automatically granting penalty relief to those with a history of timely filings and payments.
• Protect Against Tax-Related Identity Theft: Summer 2026 Initiatives for the Tax Professional Community — This summer the IRS and the Security Summit partners are launching a campaign to help tax professionals shield themselves and their clients from identity theft—offering tools, best practices, and guidance.
• How the New Tax Professional Management Office Makes Life Easier for Tax Preparers — The IRS is consolidating two oversight units into a new Tax Professional Management Office to speed up communication, improve accountability, and streamline processes for credentialed and uncredentialed tax preparers alike.
• Automatic Penalty Relief Under the New AEP: What Taxpayers Need to Know — The IRS has introduced the Automatic Exemption from Penalty (AEP), replacing the First Time Abate relief to simplify penalty forgiveness for consistent taxpayers.
• Avoiding Estimated Tax Penalties for Farmers & Fishermen: Real Relief in 2025 — The IRS is waiving estimated tax underpayment penalties for qualifying farmers and fishermen for 2025 — that changes prepayment strategies for individuals in these trades.
• Planning for Sovereign Investors: Section 892 Proposed Regulations & Transition Relief — New guidance under Section 892 offers grandfathering protection and transitional relief for sovereign investors; this article helps you plan and act before final rules take effect.
• How the IRS’s Automatic Exemption from Penalty (AEP) Changes Compliance Strategy — The IRS has introduced AEP, replacing First Time Abate, to automatically relieve penalties for certain taxpayers — this changes how individuals and businesses should plan their filing and payment habits.
• Entity Setup Case Study: Picking the Right Business Structure Post-One, Big, Beautiful Bill — Explore how recent tax changes under the One, Big, Beautiful Bill affect LLCs, S-corps, and C-corporations—what structure works best depending on income, owners, and growth plans.
• Compliance Updates: IRS Automatic Penalty Relief for Taxpayers Who File and Pay on Time — Discover the latest IRS automatic penalty-relief process aimed at compliant taxpayers, how eligibility works, and what to do if you mistakenly received penalties.
• Tax Planning Strategies Under the “No Tax on Tips” Provision of the Working Families Tax Cuts — Explore how the new Working Families Tax Cuts provision allowing deduction for tips can reshape income planning for tipped workers in 2025-2028—learn eligibility, phase-outs, and action steps.
• Digital Nomad Guide: Tax Residency, Foreign Earned Income Exclusion & Staying Compliant While Abroad — If you’re working remotely from abroad, know how to determine US residency, use the FEIE, and file correctly to avoid penalties and double taxation.
• Protecting Your Tax Practice from Identity Theft Attacks: Best Practices for Tax Professionals in Summer 2026 — The IRS kicks off its 2026 ‘Protect Your Clients; Protect Yourself’ campaign—learn what tax pros must do now to shield client data from escalating identity-theft threats.
• How the IRS’s New Automatic Exemption from Penalty (AEP) Can Help Your Small Business Avoid Fines — AEP replaces First-Time Abate starting summer 2026—if you’ve been keeping your tax filings and payments in order, you may no longer need to request penalty relief.
• Digital Nomads & the Working Families Tax Cuts: What Remote Workers Should Know in 2026 — Digital nomads face unique tax challenges and opportunities under the 2026 changes—standard deductions, no tax on overtime or tips, and the expanded definition of tax credits could reshape how you file from abroad.
• Compliance Challenges for Tax-Exempt Organizations: Understanding the New Definition of Covered Employee — Tax-exempt organizations must heed changes to the definition of 'covered employee' under section 4960, effective 2026, as the scope of excise tax liability broadens significantly.
• How One, Big, Beautiful Bill Reshapes Tax Planning for 2026 — With the One, Big, Beautiful Bill now in effect, tax planning must adapt: from enhanced deductions to adjusted marginal rates, understand what’s changed and how to optimize your 2026 finances.
• Case Study: How a Tipped Gig Worker Benefits from Permanent Deductions Under OBBB — Actual numbers show how the new “no tax on tips” and modified QBI deduction under OBBB help a gig worker keep more income in 2025 and beyond.
• Remittance Transfer Tax Begins 2026: What Senders & Providers Need to Know — A new 1% excise tax on overseas remittances takes effect in 2026—this guide breaks down who pays, how to report, and ways to stay compliant.
• Navigating the New Excise Tax on Excess Executive Pay for Nonprofits — Recent IRS guidance under the One, Big, Beautiful Bill expands the definition of covered employees and widens excise tax responsibility—nonprofits must act fast.
• Creating and Managing IRA-Style Plans Under SECURE 2.0: Extended Deadlines for Trusts, SEPs, SIMPLE IRAs — Due to guidance issued in Revenue Procedure 2026-12, trustees and plan sponsors now have until December 31, 2027 to adopt certain plan amendments under SECURE 2.0 for IRAs, SEPs, and SIMPLE IRAs.
• Avoiding Abusive Tax Shelters: Final Regulations Around Charitable Remainder Annuity Trusts — The IRS has issued final regulations labeling certain Charitable Remainder Annuity Trust (CRAT) arrangements as listed transactions—this can expose promoters to penalties and impose new disclosure requirements.
• How the IRS’s New Automatic Penalty Relief (AEP) Changes the Game for Late Filers — The IRS’s shift from First Time Abate to Automatic Exemption from Penalty starting in Summer 2026 means many taxpayers may avoid penalties automatically—no requests required.
• Automatic Exemption from Penalties (AEP): New Relief for Timely Taxpayers — Starting summer 2026, the IRS will roll out Automatic Exemption from Penalty (AEP), easing penalties for those with clean 3-year compliance histories who file or pay late.
• Avoiding Abusive CRAT Schemes: IRS Final Regulations Naming Certain Transactions Listed Transactions — New final regulations now identify specified Charitable Remainder Annuity Trust (CRAT) transactions as "listed transactions", triggering stricter reporting and higher penalties for misuse.
• How Gig Workers Can Maximize the Working Families Tax Cuts: Deduction Tips & Planning — Gig economy workers may now deduct up to $25,000 in qualified tip income and benefit from permanent qualified business income deductions under the Working Families Tax Cuts.
• CRAT Rules Tightened: What Non-profits, Advisors, and Donors Must Know About the New CRAT Listed Transaction Regulations — The IRS has issued final regulations labeling certain Charitable Remainder Annuity Trust (CRAT) structures as “listed transactions,” triggering stricter disclosure and penalties. Here's how to assess risk.
• Understanding Trump Account Gift Tax Safe Harbor: What Parents and Donors Need to Know — New safe harbor rules make contributions to “Trump Accounts” by individuals under certain conditions exempt from gift tax reporting—perfectly timed for parents and guardians planning for their children’s financial future.
• Leveraging the IRS’s New Automatic Exemption from Penalty (AEP) for Clean Tax Compliance — The IRS has introduced the **Automatic Exemption from Penalty (AEP)** to replace First Time Abate—simplifying relief for taxpayers with a strong track record. Learn how to qualify and reduce your audit risk.
• Setting Up a Trump Account: What Parents and Guardians Should Know — Understand the new Trump Account from the Working Families Tax Cuts—how to set one up, safe harbors, and benefits including a $1,000 pilot contribution for eligible children.
• Compliance Essentials: Automatic Penalty Relief (AEP) and Your 2025 Return — Learn about the IRS’s new Automatic Penalty Relief (AEP) program for taxpayers with timely past returns—it may drop common late filing or payment penalties.
• How the Working Families Tax Cuts Law Drives New Deductions for Gig Economy Workers — Discover how recent changes under the Working Families Tax Cuts permanently benefit gig economy workers with deductions like “No Tax on Tips,” “No Tax on Car Loan Interest” and more.
• Trump Accounts & Gift Tax: How the 2026 Safe Harbor Simplifies Contributions — New IRS safe harbor rules ease gift tax reporting for contributions to Trump Accounts if certain conditions are met.
• Charitable Remainder Annuity Trusts (CRATs) Under IRS Scrutiny: New Listed Transaction Rules — New IRS regulations target certain CRAT schemes abused to avoid ordinary income or capital gains; advisors must disclose and could face penalties.
• Maximizing Penalty Relief Automatically: Navigating the IRS’s New AEP System — The IRS’s new Automatic Exemption from Penalty (AEP) simplifies getting relief if you've been filing and paying on time—no more filing requests if you qualify.
• Gift-Giving to Trump Accounts: New Safe Harbor for Donors in 2026 — Thanks to Revenue Procedure 2026-25, individuals contributing to Trump Accounts may avoid filing gift tax returns if their gifts qualify under safe harbor rules.
• CRAT Transactions Now Reportable: Listed Transaction Rules You Need to Know — IRS final regs issued July 2026 target abusive Charitable Remainder Annuity Trust arrangements, forcing disclosure and penalties for non-compliance.
• Automatic Exemption from Penalty (AEP): What It Means for You — IRS is replacing First-Time Abate with Automatic Exemption from Penalty starting summer 2026—eligible taxpayers get relief automatically without having to apply.
• Tax Planning for Digital Nomads in 2026: Navigating the Working Families Tax Cuts and Foreign Income Exclusions — For U.S. digital nomads, recent changes under the One, Big, Beautiful Bill require clever planning around withholding, deductions, and foreign exclusions to minimize taxes legally.
• Understanding the Final Regulations Making Certain CRAT Transactions Listed Transactions — New IRS regulations deem specific Charitable Remainder Annuity Trust arrangements as “listed transactions,” triggering reporting and penalties — here’s what you need to know to stay compliant.
• How the New Automatic Exemption from Penalty (AEP) Transforms Penalty Relief in US Taxes — A fresh IRS policy introduces the Automatic Exemption from Penalty (AEP), phasing out First Time Abate — here’s how it works, who qualifies, and tactics to use it to your advantage.
• Mileage Rates Updated Mid-Year: What It Means for Employees, Business Travelers, Digital Nomads and Your Taxes — With IRS standard mileage rates rising mid-year 2026, anyone driving for business, medical, or moving purposes—including digital nomads—needs to adjust travel deductions. Here's the breakdown and how to benefit.
• Avoid Abusive Charitable Remainder Annuity Trust Schemes: New IRS Rules You Should Know — The IRS has issued final regulations labeling certain Charitable Remainder Annuity Trust (CRAT) arrangements as 'listed transactions'—this article explains the risks, obligations, and how to structure CRATs safely.
• Getting Ahead with Penalty Relief: What the New IRS Automatic Exemption from Penalty (AEP) Means for You — The IRS is rolling out a new **Automatic Exemption from Penalty** (AEP) program in summer 2026 to replace First Time Abate—here’s how it works, who qualifies, and how to ensure you benefit.
• Working With Tax Professionals: What the New TPMO Means for Both Sides — The IRS is consolidating two offices into a single Tax Professional Management Office, aiming to streamline oversight for preparers while ensuring accountability and clearer communication.
• Navigating Charitable Remainder Annuity Trusts After Recent IRS Regulations — New final regulations classify certain CRAT transactions as listed transactions—bringing disclosure requirements and penalties for abusive arrangements.
• How the IRS’s New Automatic Penalty Relief Will Help Reliable Taxpayers — A new automatic penalty relief program from the IRS removes the burden of requesting relief for those with clean filing/payment history under the Automatic Exemption from Penalty.
• Trump Accounts & Gift Tax Safe Harbor: Planning Strategies Under New Rules — Revenue Procedure 2026-25 provides safe harbor from gift tax reporting for contributions to Trump Accounts—when and how you can take advantage.
• Charitable Remainder Annuity Trusts (CRATs): Avoiding Abusive Schemes — New regulations target certain CRAT arrangements aiming to eliminate ordinary income or capital gains — material advisors now on notice.
• Automatic Exemption from Penalty (AEP): What You Need to Know — IRS introduces AEP, replacing First Time Abate — a big change in how penalty relief works for taxpayers with strong compliance records.
• CRAT Abuse Under Final Regulations: What Trusts & Donors Must Know — New IRS rules treat certain Charitable Remainder Annuity Trust transactions as listed transactions—this article explores what qualifies, what disclosure is required, and how to structure compliant giving.
• Understanding Trump Accounts: Planning Opportunities & Safe Harbor Rules — Trump Accounts, a new IRA variant under the One, Big, Beautiful Bill, introduces novel features and safe harbor rules—this article explains how these work and how to use them in your financial planning.
• How the IRS’s New Automatic Penalty Relief Impacts Your Tax Compliance — The IRS is introducing the *Automatic Exemption from Penalty* program, phasing out First Time Abate—this article shows who qualifies, what it means in practice, and critical steps to ensure you benefit.
• Case Study: How a Digital Nomad Can Navigate US Tax Rules Under One, Big, Beautiful Bill — A real-world example shows how US digital nomads can benefit from foreign earned income exclusion, new thresholds, and deductions under the latest law.
• Digital Tools for Business Tax Management: Make the Most of the Expanded Business Tax Account — Discover the latest features in the IRS’s Business Tax Account platform and learn how businesses—big and small—can streamline tax compliance digitally.
• Maximizing Penalty Relief with the New Automatic Exemption from Penalty (AEP) — Learn how the IRS’s new AEP replaces First Time Abate and how eligible taxpayers can benefit without filing additional requests.
• Section 4960 Profit-Exempt Orgs & Executive Pay: Emerging Responsibilities Post-OBBBA — Charities and other tax-exempt organizations must heed expanded rules on excessive compensation under section 4960—know who counts and prepare for new regulations.
• Trump Accounts & Gift Tax Safe Harbor: What Parents and Donors Need to Know — New IRS safe harbor (Rev Proc 2026-25) ensures contributions to Trump accounts for minors aren’t subject to gift tax reporting — if you follow the rules.
• How the New AEP Automatic Penalty Relief Changes the Game for Late Filers — IRS’s Automatic Exemption from Penalty (AEP) replaces First Time Abate starting summer 2026—learn who qualifies, when it kicks in, and how to benefit.
• Executive Compensation & OBBB: What Non-Profits Need to Know About the New Excise Tax Proposal — Recent changes under the One, Big, Beautiful Bill are expanding excise tax exposure for executive pay — non-profits must act now to assess who qualifies under the new rules.
• How the New Automatic Exemption from Penalty (AEP) Transforms Penalty Relief — A game-changer for compliant taxpayers: the IRS is replacing First Time Abate with an automatic process to eliminate certain penalties for those who’ve consistently filed and paid on time.
• Strengthening Oversight: New Rules for Charitable Remainder Annuity Trusts — Final regulations now treat certain CRAT arrangements as listed transactions, forcing disclosure and penalties for misused sales-and-annuity trades—here’s how to stay compliant.
• Trump Accounts: Safe Harbor for Gift Tax Reporting Explained — With millions opting into Trump Accounts, the IRS has issued a safe harbor under Rev. Proc. 2026-25 to reduce gift tax reporting burden—for those who meet certain conditions.
• How the New Automatic Penalty Relief Changes Your Compliance Risk — The IRS has introduced a new Automatic Exemption from Penalty (AEP) rolling out in summer 2026—here’s how it replaces First Time Abate and what that means if you file and pay on time.
• Understanding Trump Accounts Safe Harbor under the Working Families Tax Cuts — New IRS guidance can reduce gift-tax reporting burdens for families contributing to Trump Accounts—if specific requirements are met.
• CRAT Abuses Exposed: New IRS Rules for Charitable Remainder Annuity Trusts — The IRS is cracking down on loopholes in CRAT transactions, labeling certain arrangements as 'listed transactions' with new disclosure requirements and penalties.
• Automatic Exemption from Penalty: A Game-Changer for Tax Compliance — IRS’s new process means consistent penalty relief for those who’ve been good citizens—no more applying for First-Time Abate.
• Tax Planning Tips for 2026: Making the Most of Inflation Adjustments and New Perks — With inflationary adjustments and new laws like the Working Families Tax Cuts, savvy taxpayers can seize benefits through strategic planning for 2026.
• How to Choose the Right Entity Structure When Launching a Freelance Business Abroad — Learn how to pick the optimal U.S. entity for your freelance work from abroad, addressing liability, taxation, and foreign-income considerations.
• New Automatic Penalty Relief: What Taxpayers Need to Know — The IRS is replacing the First Time Abate program with a new automatic penalty relief system, simplifying relief for compliant filers and changing how penalties are applied starting summer 2026.
• Trump Accounts Safe Harbor: Jumpstart Savings for Kids Without Gift Tax Risk — The IRS now offers a safe harbor under Revenue Procedure 2026-25 for contributions to Trump Accounts—clarifying gift tax exposure and making contributions simpler for families.
• Navigating Automatic Penalty Relief: What Taxpayers Need to Know for 2025 and Beyond — The IRS has replaced First Time Abate with a new Automatic Exemption from Penalty (AEP)—learn who qualifies, what penalties are affected, and how to benefit without filing extra forms.
• Maximize Your Deductions Under the One, Big, Beautiful Bill: Planning Strategies for Individuals — With sweeping updates from the “One, Big, Beautiful Bill” reshaping individual deductions and tax thresholds, here’s how to plan your finances for 2026 to save more.
• WFTC Deductions for Tips, Overtime & Car Loan Interest: How to Prepare for Filing 2025 — Working Families Tax Cuts introduce new deductions for qualified tips, overtime, and car loan interest. Here’s what records to have, how to file, and avoid surprises.
• Trump Accounts Safe Harbor Under New Working Families Tax Cuts: What Donors Need to Know — Recent IRS guidance creates safe harbor rules for contributions to Trump accounts under the Working Families Tax Cuts — here's who qualifies and how to use the new rules.
• Mastering the Automatic Exemption from Penalty (AEP): What Eligibility Looks Like — AEP replaces First Time Abate, offering automatic penalty relief for compliant taxpayers. Here’s who qualifies, when it starts, and how to ensure you benefit.
• Gift Tax Safe Harbor for Trump Accounts: What Families Need to Know — New safe harbor under Revenue Procedure 2026-25 gives donors clarity on gift tax reporting for contributions to Trump Accounts under the Working Families Tax Cuts Act.
• IRS Restructures Its Tax Professional Oversight with New TPMO — The IRS merges its Return Preparer Office and Office of Professional Responsibility into a new Tax Professional Management Office (TPMO), streamlining oversight and improving efficiency for preparers.
• Automatic Penalty Relief: A Game-Changer for Eligible Taxpayers — The IRS introduces the Automatic Exemption from Penalty (AEP) to replace First Time Abate, offering relief automatically for qualifying filers without needing to request it explicitly.
• Digital Nomads & U.S. Taxes: Key Considerations with the New Penalty Relief and Remittance Tax Proposed Regs — Digital nomads often face challenges with income sourcing, penalty exposures, and remittance rules—recent IRS changes can help, but awareness and proactive planning are essential.
• Using the One, Big, Beautiful Bill to Maximize Depreciation Deductions in Business Setup — Permanent 100% bonus depreciation is now in effect for qualifying business assets acquired or placed in service after Jan. 19, 2025 under the OBBB Act—learn how to use this effectively when setting up or expanding your business.
• Mastering the New Automatic Exemption from Penalty (AEP): What Every Taxpayer Needs to Know — The IRS has replaced First Time Abate with an Automatic Exemption from Penalty, offering eligible filers penalty relief without having to ask—starting in summer 2026.
• Digital Nomads and the Foreign Earned Income Exclusion in 2026: What to Know — With rising standards of living adjustments and tax changes from OBBB, this article explains how digital nomads can use the Foreign Earned Income Exclusion and stay compliant.
• Compliance Checklist for Remittance Transfer Providers Under the New Excise Tax — If you send or facilitate remittances abroad using cash or physical instruments, this article breaks down your compliance obligations under the new 1% remittance transfer tax.
• Maximizing New Deductions Under the One, Big, Beautiful Bill: A Guide for Individual Filers — Explore how individuals can take full advantage of the newly introduced deductions under OBBB, including specifics for seniors, tipped workers, overtime, and car loan interest.
• Compliance Alert: Remittance Transfer Tax—What Financial Service Providers Must Prepare For — Excise tax on remittances funded by cash or similar physical instruments takes effect Jan 1, 2026; providers must update collection, reporting and deposit systems before then.
• Entity Setup Insights: Choosing Between an LLC vs S-Corporation After One Big Beautiful Bill — New permanent depreciation rules and tax deduction expansions mean structuring your business entity has larger implications—maximize benefits by selecting the right form.
• Tax Planning Tips for Self-Employed and Gig Workers under OBBB — Taxpayers in the gig economy can take advantage of new deductions—like no tax on tips, overtime, and car loans—and increased standard deductions under recent legislation.
• Entity Setup: Integrating As Applicable Tax-Exempt Organization Under Section 4960 After OBBBA — Sector leaders must re-evaluate their executive compensation policies for tax-exempt organizations in light of expanded definitions and forthcoming regulations under the One, Big, Beautiful Bill.
• How the Remittance Transfer Tax Could Affect Your Small Business — Beginning January 1, 2026, a new 1% excise tax on certain remittances imposes fresh responsibilities for remittance providers and senders alike.
• How Digital Nomads Can Leverage US Foreign Earned Income Exclusion in 2026 — For nomads living and working around the world, 2026 brings increased thresholds and enhanced planning opportunities for excluding foreign-earned income from US taxation.
• Case Study: Navigating the Remittance Transfer Tax for Digital Nomads and Migrant Families — A deep dive into how the 1% remittance transfer tax impacts digital nomads and diasporas, and strategies to reduce costs and compliance burdens.
• Tax Planning Moves for Individuals Under the OBBBA’s Tip and Overtime Provisions — Recent rules eliminate federal income tax on tips and impose significant changes; here’s how individuals can plan smart, claim benefits, and avoid missteps.
• How the New Definition of “Covered Employee” under the OBBBA Affects Tax-Exempt Organization Execs — Nonprofits must adapt—under the One, Big, Beautiful Bill, “covered employee” now applies broadly, altering excise tax exposure for executives and former execs alike.
• Planning Your Entity After OBBBA: FATCA, Foreign Income & Trump-Accounts — The One, Big, Beautiful Bill Act reshapes foreign income deductions, imposes new reporting requirements—especially around Trump Accounts and foreign-derived income caps.
• What Digital Nomads Should Know About the 2026 ‘No Tax on Tips’ and Other OBBBA Provisions — US digital nomads working abroad or remotely may now benefit from tip deductions, overtime, and remote-friendly tax changes under the One, Big, Beautiful Bill Act.
• How the IRS TPMO Reshapes the Role of Tax Professionals — A new IRS office merges the Return Preparer Office and the Office of Professional Responsibility to streamline oversight and operations for credentialed and uncredentialed tax professionals.
• Tax-Exempt Orgs and Executive Pay: New Regulations in the Pipeline for Section 4960 — Section 4960 excise tax rules are evolving; see upcoming proposed regulations that expand who’s a covered employee and gain clarity on compliance exceptions.
• How the New Tax Professional Management Office Affects Compliance & Service for Tax Practitioners — A recent reorganization at the IRS brings RPO and OPR under one roof—this article explains what that means for tax professionals in terms of compliance, responsibilities, and workflow.
• Navigating Safe Harbors: Gift Tax and Trump Accounts under the Working Families Tax Cuts — New guidance offers taxpayers relief from gift tax reporting when contributing to Trump Accounts—learn eligibility, filing steps, and how this safe harbor works.
• Case Study: Digital Nomad’s US Tax Path Under New OBBB Rules — For US citizens abroad or remote workers, key updates under OBBB—like foreign income exclusion and tip deductions—create fresh strategies. Case study shows how to apply them.
• Navigating Nonprofit Executive Compensation Rules: Compliance After OBBB — If you oversee or work for a tax-exempt organization, recent shifts in how “covered employee” is defined under OBBB mean **anyone earning over $1 million** might face new excise taxes for excess pay or parachute deals.
• Strategic Tax Planning Under the ‘One, Big, Beautiful Bill’: Depreciation & Remittance Rules — Big law, big impact: If you acquired business property or send remittances overseas, recent OBBB clarifications on **100% first‐year depreciation** and the **remittance transfer tax** demand action now.
• Avoiding Pitfalls in Disaster Relief Tax Deadlines: Southeast Georgia Case — Wildfire-affected taxpayers in Southeast Georgia got relief — but understanding the fine print matters to protect your rights and avoid penalties.
• Building Omnichannel Entity Structures for Digital Nomads in 2026 — For digital nomads in 2026, choosing the right entity structure across borders can reduce liability, simplify taxes, and sustain flexibility.
• Strategic Planning with the New Executive Compensation Rules for Nonprofits — With the One, Big, Beautiful Bill expanding the excise tax on excess compensation, nonprofits need to rethink their pay structures now.
• Digital Nomads: How the Foreign Earned Income Exclusion Shift under OBBB Helps US Nomads Abroad — The One, Big, Beautiful Bill hikes the foreign earned income exclusion for 2026 — we show how US citizens working from abroad should plan based on the new thresholds.
• Staying Compliant with the Trump Account Safe Harbor under Working Families Tax Cuts — Recent IRS Revenue Procedure 2026-25 offers relief from gift tax reporting for contributions to Trump Accounts — here’s exactly how to qualify and avoid surprises.
• Planning for Your Workforce Using the New Business Standard Mileage Rate for 2026 — The optional standard mileage rate for business use of automobiles increased significantly for 2026, offering opportunities — and traps — for business owners and employees alike.
• Case Study: Tax Relief Timing for FEMA-Declared Disaster Areas — When disaster strikes, knowing which deadlines IRS postpones can prevent penalties. This case study breaks down recent relief for the Fort Peck Assiniboine & Sioux Tribes.
• Compliance Focus: Navigating the Tax Professional Management Office (TPMO) Transition — The IRS is consolidating two oversight offices into a new Tax Professional Management Office—understand how this affects preparers and what stays the same.
• Tax Planning 2026: Maximizing Depreciation Benefits Under the One, Big, Beautiful Bill — Business owners can accelerate deductions significantly under the 100% bonus depreciation provision introduced by the One, Big, Beautiful Bill—learn how to apply it and when it makes sense.
• Digital Nomads and U.S. Tax: Using New HSA Rules & Foreign Earned Income Gains — For remote workers and digital nomads, recent changes under U.S. law offer benefits in HSAs, foreign earned income exclusion, and tax planning via residencies—leverage them wisely.
• Staying Ahead of U.S. Tax Compliance: Scams, Preparers, and Your Rights — With expanded credits and deductions under the OBBB, new risks arise—this article helps you protect yourself when choosing a preparer, avoid common scams, and know your taxpayer rights.
• Maximizing Depreciation: Permanent 100% First-Year Deduction Under the OBBB Explained — Learn how the One, Big, Beautiful Bill changes bonus depreciation, what qualifies for 100% first-year expensing, and how to plan purchases before deadlines.
• Compliance Spotlight: Safe Harbor & Tax Reporting Obligations Under Recent IRS Policies — Two recent IRS policies offer relief for taxpayers—but they also introduce new reporting complexity. Know what triggers safe harbor and how to stay compliant.
• Entity Setup 101: Choosing Between LLC, S-Corp, or C-Corp in Light of New US Tax Changes — Recent adjustments under the OBBB reshape tax burdens across entity types; here's how to choose the best fit for your small business.
• Digital Nomads & U.S. Tax Obligations: What’s New Under the One, Big, Beautiful Bill — Remote work across borders brings new U.S. tax considerations—learn the latest policy shifts affecting foreign earned income, deductions, and reporting.
• Disaster Tax Relief: What Residents and Businesses in Southeast Georgia Must Know — Wildfire and wind disaster relief extends multiple tax deadlines through August 20, 2026, for individuals and businesses in certain Southeast Georgia counties—with key rules on penalties, deposits, and returns.
• Tax Professionals Face a New Era: Working with the IRS’ Tax Professional Management Office — If you prepare taxes or run a tax-prep business, the creation of the IRS’ new TPMO consolidates oversight and reshapes how you interact with regulation, credentialing, and compliance obligations.
• How Digital Nomads Should Navigate the U.S. Remittance Transfer Tax Under OBBB — As a digital nomad sending funds home or abroad, the 1% remittance transfer tax under the One, Big, Beautiful Bill can catch you off guard—know when it applies, what funding methods trigger it, and smart ways to avoid unnecessary costs.
• Navigating Tax Breaks for Gig Economy Workers under the One, Big, Beautiful Bill — Gig workers now benefit from major deductions — including CAR loan interest, tips, and overtime — under the “One, Big, Beautiful Bill” law, providing leverage for independent contractors.
• Qualified Long-Term Care Distributions under SECURE 2.0: What Retirement Savers Need to Know — Notice 2026-33 provides guidance on how defined-contribution plans can permit distributions for long-term care premiums, and more importantly, offers **safe harbors and reporting rules** starting after Dec 29, 2025.
• How the New Tax Professional Management Office (TPMO) Will Change How You Work — On **June 8, 2026** the IRS announced a sweeping reorganization: a new TPMO will unify two agencies to streamline how tax professionals interact with the IRS.
• Setting Up Trump Accounts: What Parents & Guardians Need to Know Now — IRS proposed regulations give structure to Trump Accounts—a new pilot program—covering eligibility, elections, and who controls the account.
• Compliance Essentials: What the Remittance Transfer Tax Means for U.S. Senders — Recent proposed rules introduce a 1 % excise tax on certain remittance transfers starting Jan 1, 2026—learn who is liable, what qualifies, and how to comply.
• Maximizing Deductions in 2026 Under the One, Big, Beautiful Bill — Explore new deductions made permanent or expanded by the One, Big, Beautiful Bill and how individuals and digital nomads can plan ahead to reduce taxable income.
• Understanding Safe Harbor for Gift Tax Reporting Under the Working Families Tax Cuts — Learn how the IRS’s new Revenue Procedure 2026-25 gives you breathing room when making contributions to Trump accounts without triggering gift tax obligations.
• Navigating the IRS’s New Tax Professional Management Office (TPMO) Merger — Discover how the new TPMO changes the game for tax professionals, merging key bodies under one umbrella and what that means for credentialing, compliance, and your day-to-day.
• Setting Up & Managing Trump Accounts for Children: Retirement Planning Under the OBBB — The One Big Beautiful Bill introduced ‘Trump Accounts’ for children born 2025-2028—this article explores what they are, how to open them, rules for contributions, and tax planning opportunities.
• Compliance Risks and Best Practices: Navigating the Remittance Transfer & Backup Withholding Rules — The remittance transfer tax and new backup withholding thresholds under the OBBB pose compliance pitfalls — this article explains obligations, common errors, and how entities can avoid penalties.
• Maximizing One Big Beautiful Bill Deductions: A Practical Guide for Gig Workers — Gig economy workers now have access to several new above-the-line deductions under the One Big Beautiful Bill—this article shows you how to identify, calculate, and claim them for 2025 & beyond.
• Exempt Organizations & Executive Compensation: Navigating New Section 4960 Rules — The IRS has opened comment on proposed regulations expanding who’s treated as a “covered employee” under excise tax rules—especially under the One, Big, Beautiful Bill.
• Small Business Research & Experimental (R&E) Rules: Leveraging Retroactive Relief — New domestic R&E rules under the One, Big, Beautiful Bill offer small businesses chances to retroactively adjust past deductions—with key deadlines coming up.
• Navigating the New *Tax Professional Management Office*: What It Means for Tax Practitioners — The creation of the IRS’s Tax Professional Management Office (TPMO) marks a major shift in how tax professionals interact with the IRS—streamlining oversight while maintaining existing authority structures.
• Entity Setup in 2026: Structuring a U.S. Entity Under the New Depreciation Rules — Permanent 100% bonus depreciation and production property rules change the calculus when choosing entity types— here's how to structure in 2026 for maximum tax efficiency.
• Digital Nomads and One, Big, Beautiful Bill: What You Need to Know for 2026 — With sweeping changes under the One, Big, Beautiful Bill, digital nomads need to understand new benefits, deductions, and compliance risks that could affect their U.S. tax returns.
• Why the IRS’s New Tax Professional Management Office Matters to Your Practice — The IRS recently announced the creation of the Tax Professional Management Office to streamline interactions with tax professionals—here’s how that affects you.
• Compliance Alert: Key 2026 Withholding and Deduction Rules to Adjust Your Payroll Processes — New laws under the One, Big, Beautiful Bill have introduced withholding-adjusted worksheets for overtime & tips, plus updated standard deduction thresholds—make sure your payroll is compliant.
• Entity Setup in 2026: Choosing Between LLC, S Corp, and C Corp for Remote Entrepreneurs — Explore the updated cost-of-living adjustments and standard deduction thresholds that influence whether forming an LLC taxed as an S or C Corporation makes sense for remote entrepreneurs in 2026.
• Active vs Passive Digital Nomad: Tax Risks and Residency Rules — Learn how being a digital nomad that’s *active* (working while traveling) vs *passive* (earning remotely without location-based work) can affect U.S. tax residency and treaty claims.
• Fraud Protection in the Digital Age: IRS’s New Security Summit Framework and What Digital Nomads Must Know — With cyber threats rising, IRS partnerships with payroll, software, and tax pros deliver new frameworks—especially crucial for remote workers crossing borders.
• Compliance Alert: New Proposed Regulations on Excess Compensation for Tax-Exempt Executives — Tax-exempt organizations now face broader coverage for excise tax under section 4960—any employee earning over $1 million could qualify as a ‘covered employee’. Are you ready?
• Smart Tax Planning with the One, Big, Beautiful Bill: Federal Scholarship Tax Credit Explained — How 27 states jumped on board the new Federal Scholarship Tax Credit—and how you can use it to support education and save on taxes starting in 2027.
• Case Study: Entity Setup & Tax Planning for Startups in Qualified Opportunity Zones Post-2027 — Investing startups can access significant tax advantages in Opportunity Zones under OBBB; this case outlines how to structure, qualify, and benefit from new rules for 2027 and beyond.
• Staying Compliant as a Digital Nomad: Foreign Earned Income, Tip Rules, & Keeping Your Records Straight — OBBB has changed rules that matter for digital nomads—foreign earned income exclusion, tips, and definitions of residence—all evolving, with penalties for missteps.
• How to Navigate the One, Big, Beautiful Bill: Planning For Entity Setup And Depreciation Deductions — Entity structuring and capital expenditures changed significantly under the One, Big, Beautiful Bill—understand eligibility, timing, and permanent vs temporary benefits.
• Entity Setup Tips for Taking Advantage of Opportunity Zones Post-OBBB — With the permanent renewal and rural expansion of qualified opportunity zones under OBBB, territorial entities and investors need a strategic playbook to align setup and nomination.
• Foreign Governments, Section 892 & Transitional Relief: What You Need to Know — Recent IRS proposed regulations offer foreign governments and sovereign funds clarity and grace periods amid sweeping changes under Section 892 exemptions.
• Maximizing Conservation Easement Dispute Settlements under the IRS Initiative — New IRS settlement terms offer eligible partnerships a path out of costly litigation on conservation easement disputes—here’s how to know if you qualify and act now.
• Compliance Guide: Information Reporting Thresholds Raised & Identifying Income under OBBB — New changes to Form 1099/withholding thresholds and the rules on wagering income and tip-based earnings: what every business and taxpayer must know.
• Entity Setup Strategy: Leveraging Qualified Opportunity Zones Post-OBBB — How businesses, real estate investors, and funds can structure setup to take advantage of the expanded and permanent Qualified Opportunity Zones under recent US law.
• Case Study: Remittance Transfer Tax – What Digital Nomads Need to Know — How the new 1% remittance transfer tax under the One, Big, Beautiful Bill affects international money movers, particularly digital nomads funding dependents abroad or sending cash-based remittances.
• Digital Nomad Tax Guide: Navigating Foreign Income and U.S. Tax Obligations in 2026 — For remote workers and travelers earning income abroad, key changes—like increases in the foreign income exclusion and changes to deductions—reshape tax responsibilities and opportunities in 2026.
• Compliance Checklist for U.S. Businesses: New Remittance Transfer Tax and Depreciation Rules — Businesses need to be aware of two new regulatory developments: a 1% remittance transfer tax starting in 2026 and permanent changes to first-year bonus depreciation under Section 168(k).
• Tax Planning Strategies Under the One, Big, Beautiful Bill: What Individuals Should Know Now — The One, Big, Beautiful Bill has introduced sweeping changes—permanent deductions, higher standards, no more tax on tips or overtime. Here’s how to adapt your tax plan effectively under the new rules.
• How Partnerships & Nonprofits Can Leverage the Expanded Business Tax Account — New IRS digital services now allow partnerships, tax-exempt orgs, tribal and government entities to use the Business Tax Account for online access and self-service.
• Remittance Transfer Tax: What Senders and Providers Should Know — Starting in 2026, remittances sent via physical instruments like cash or money orders are taxed at 1%, with proposed rules clarifying scope, timing, and responsibilities.
• How Gig Workers Can Maximize the ‘Qualified Tips’ Deduction Under the One, Big, Beautiful Bill — Gig economy and tipped workers now have access to a new deduction for qualified tips—worth up to $25,000 annually—with rules tailored by occupation and income thresholds.
• Entity Setup Tip: Using Qualified Sound Recording Production Deductions Under OBBBA’s Section 168(k) — Sound recording producers can now access first-year depreciation deductions under the modified 168(k) rules—this article helps professionals structure production entities to safely leverage these benefits.
• Digital Assets Reporting: How the 2025-2026 Transition Relief Can Help Brokers and Investors — New IRS guidance extends relief for brokers and investors navigating the complex digital asset reporting rules—discover what’s allowed through the end of 2026 and how to plan your reporting practices.
• Mastering the Remittance Transfer Tax: What US Senders Should Know Under the One, Big, Beautiful Bill — The new 1% remittance transfer tax under the One, Big, Beautiful Bill introduces excise tax obligations for cash and physical instruments sent abroad—this article clarifies who’s liable and how to stay compliant.
• Protecting Tax Identity: IRS-Security Summit’s New Fraud Prevention Work Groups — The IRS and its partners have launched a revamped framework to detect and block identity theft and fraud. Learn the new roles of work groups and what you should do to stay secure.
• Optimizing Health Savings Accounts Under Recent Changes — Recent guidance makes HSAs more flexible — from expanded eligible plans to tax-free telehealth and direct primary care. Learn how to make HSAs work for you.
• How the New Remittance Transfer Tax Affects International Senders — Starting January 1, 2026, a 1% remittance transfer tax was introduced for certain physical remittance transfers — here’s what you need to know to stay compliant and avoid surprises.
• Staying Compliant in 2026: Fraud Warnings, IRS Scams & Choosing a Trusted Preparer — With new tax law changes under the OBBB, scammers are seizing opportunities—know the signs, follow the rules, and pick your preparer wisely to avoid traps.
• Entity Setup & Depreciation Perks: Making the Most of OBBB Provisions — New permanent depreciation rules and changes for qualified sound recordings and production property under the OBBB act unlock opportunities when structuring entities in 2026.
• Digital Nomads & The Foreign Earned Income Exclusion in 2026: What’s New — New inflation-adjusted limits and One, Big, Beautiful Bill (OBBB) changes for 2026 expand the foreign earned income exclusion, making tax planning for nomads more vital than ever.
• Maximizing Health Savings Accounts under the New OBBBA Rules — Changes under the One, Big, Beautiful Bill have expanded HSA eligibility and flexibility—explore how remote care, bronze/catastrophic plans, and direct primary care can now enhance your savings and tax options.
• Understanding Eligible Scholarship Contributions: How States Are Opting in to the FSTC Program — The Federal Scholarship Tax Credit (Section 25F) under OBBBA enables qualified federal credits for contributions to Scholarship Granting Organizations—but only if your state opts in. Learn which states have joined and how to claim.
• Planning for the Remittance Transfer Tax: What Senders & Providers Need to Know — The new 1% remittance transfer tax under the One, Big, Beautiful Bill changes how cross-border cash transfers are taxed—here’s a guide for both senders and remittance service providers to navigate the rules.
• Strengthening Defenses: IRS’ New Fraud Framework After Identity Theft Surge — In response to rising identity theft and payroll data breaches, the IRS and partners introduce a new Security Summit framework focused on fraud prevention at every stage of the tax filing process.
• Navigating Compliance: Excess Compensation Rules for Tax-Exempt Organizations under Section 4960 — Under the OBBB, tax-exempt organizations now face broader rules on executive pay; this article helps them understand, comply, and avoid surprises under Section 4960.
• Maximizing Your Wealth Under the One, Big, Beautiful Bill: Trump Accounts and Senior Deductions — A deep dive into two major new tax-advantaged opportunities under OBBB—Trump Accounts for children and enhanced deductions for seniors—and how to put them to work for your family.
• Depreciation Reboot: Taking Advantage of the 100% First-Year Deduction Under the OBBB — The One, Big, Beautiful Bill introduced a permanent 100% first-year depreciation deduction for qualifying property—learn how to identify eligible assets and optimize elections.
• Navigating the IRS Settlement Opportunity for Conservation Easement Disputes — A new offer initiative gives eligible taxpayers a chance to settle past conservation easement disputes with more favorable terms—but you’ll need to know if you qualify and act fast.
• Retroactively Leveraging Research Expenses: What Small Businesses Must Do by July 6, 2026 — New changes to research & experimental (R&E) expense rules under the One, Big, Beautiful Bill allow many small businesses to make retroactive elections—don’t miss the July deadline.
• Remittance Transfer Tax: What Digital Nomads & Expats Need to Know — The new 1% remittance-transfer tax under the OBBB becomes effective for cash-funded transfers starting January 1, 2026; here's how it works and what nomads should watch.
• How to Leverage the New “No Tax on Tips” Deduction: A Guide for Tipped Workers — A fresh tax break under the One, Big, Beautiful Bill (OBBB) allows over 70 occupations to deduct up to $25,000 in “qualified tips”; this article helps you determine eligibility and maximize the benefit.
• Compliance Alert: New Tax Professional Management Office (TPMO) & Your Obligations — IRS is reorganizing how it regulates tax preparers: learn what the new Tax Professional Management Office means for preparer credentials, oversight, and your compliance obligations.
• Entity Setup in the U.S.: Taking Advantage of Business Deductions Under OBBB — How U.S. individuals and small business owners can structure their entities and filings to benefit from deductions like no tax on tips, overtime, car loans, and optimized mileage.
• How the One, Big, Beautiful Bill Impacts Digital Nomads: Foreign Earned Income & Opportunity Zones — With sweeping changes under the One, Big, Beautiful Bill (OBBB), digital nomads now have new tools to manage FEIE limits, opportunity zone investments, and tax-leveraged entity setups.
• Digital Nomads and OBBBA: How the One Big Beautiful Bill Impacts U.S. Expats & Remote Workers — New U.S. tax law under OBBBA brings deductions and requirements that affect digital nomads, especially regarding foreign earned exclusions, tips, and reporting obligations.
• Compliance Changes Under OBBBA: What Businesses Must Do for Forms 1099, 1099-KB, & Backup Withholding — New threshold changes and information-reporting rules under the One, Big, Beautiful Bill mean many payors must understand when to issue 1099s or apply backup withholding for third-party payments.
• Planning Around the New Remittance Transfer Tax: What Senders & Providers Need to Know — A 1% excise tax on remittances using cash or similar physical instruments is now in force from January 1, 2026—senders and remittance providers must adapt their practices to stay compliant.
• Protect Yourself: The New IRS-Industry Partnership Against Tax Identity Fraud — A revamped IRS Security Summit now includes five work groups aimed at safeguarding taxpayer data and preventing fraud—here’s how taxpayers and pros should stay ahead.
• Managing Excessive Executive Pay Risks for U.S. Nonprofits Under the One, Big, Beautiful Bill — OBBBA broadens excise tax on executive compensation, potentially changing how nonprofits handle pay, parachute deals, and exemptions—this article helps you prepare before the proposed regulations land.
• How Foreign Governments Are Navigating IRS Section 892 Proposed Rule Changes — Recent IRS guidance under Section 892 introduces transitional relief and grandfathering rules for foreign governments investing in U.S. debt—here’s what sovereign investors need to know now.
• Protecting Your Identity and Preventing Tax Fraud: IRS Strengthens Security Summit Partner Workstreams — The IRS expands its public-private partnership to tackle identity theft and fraud. Learn what you need to do now to ensure your personal and financial data stays secure.
• Entity Planning Under the One, Big, Beautiful Bill: First-Year Depreciation Goes 100% — Businesses now enjoy permanent, full first-year depreciation on qualifying property—learn how to capitalize on this under the new depreciation regime.
• How the New Remittance Transfer Tax Impacts Digital Nomads Sending Money Back Home — Discover how the 1% remittance transfer tax under new US regulations affects digital nomads sending cash or physical instruments abroad—and how to minimize costs.
• Compliance Alert: Expanded Excise Tax for Tax-Exempt Org Execs Under OBBB — Nonprofits and charities must adjust rapidly: new rules under OBBB broaden who’s taxed on excess compensation and parachute payments among tax-exempt organization employees.
• Entity Setup: Navigating Opportunity Zones After OBBB’s Permanent Expansion — State and entity leaders must understand the new qualification rules for Qualified Opportunity Zones under the One, Big, Beautiful Bill—perfect for businesses seeking long-term location incentives.
• New Rules on Executive Compensation for Nonprofits: What Organizations Must Understand — The One, Big, Beautiful Bill has altered the definition of covered employee in tax-exempt organizations — here’s what leaders need to know.
• Planning Around Section 892: Transitional Relief for Sovereign Investors — Recent guidance under Section 892 offers crucial protections for sovereign investors — here’s how taxpayers can plan.
• How Digital Nomads Should Navigate the New Remittance Transfer Tax Under OBBB — Remote workers and expats sending money back home face new responsibilities under the One, Big, Beautiful Bill—understanding the remittance transfer tax is now essential.
• Navigating the Remittance Transfer Tax: What Senders and Providers Need to Know — A 1% excise tax on certain remittances begins January 1, 2026 — here’s how taxpayers and remittance providers can prepare.
• Working Remotely Across Borders: US Digital Nomad Tax Realities in 2026 — Remote work for foreigners and Americans abroad comes with complex tax traps—explore foreign earned income rules, tax treaties, and self-employment insights for 2026.
• Understanding the New Remittance Transfer Tax: Rules, Risks, and Real-World Tips — A 1% excise tax now applies to remittances funded with certain physical instruments starting in 2026—learn how this affects senders, providers, and compliance requirements.
• Navigating Disaster Relief Deadlines: Wildfire Tax Relief in Southeast Georgia — Tax relief announced in May 2026 gives individuals and businesses in wildfire-affected Georgian counties extended filing and payment deadlines—here’s what you need to know and do.
• Disaster Relief for Southeast Georgia: Filing Extensions and What Digital Nomads Need to Know — After wildfires in Southeast Georgia, the IRS extended deadlines to August 20, 2026. Digital nomads and remote workers should check residency, income sources, and documentation to claim relief or avoid penalties.
• New IRS Relief and Compliance Rules for Nonprofits Under the ‘One, Big, Beautiful Bill’ — IRS Notice 2026-36 broadens the definition of covered employee in tax-exempt organizations and strengthens accountability under excise tax rules. Nonprofits must adapt or risk incurring penalties.
• Planning for the Remittance Transfer Excise Tax: What Individuals and Businesses Need to Know — Starting January 1, 2026, the One, Big, Beautiful Bill introduced a 1% excise tax on certain remittance transfers. Whether you’re sending money abroad or facilitating transfers as a provider, here’s how to stay compliant and reduce risk.
• Entity Setup Case Study: Using Qualified Opportunity Zones Post-OBBB — How states, investors, and businesses can utilize permanent Qualified Opportunity Zones (QOZs) under the One, Big, Beautiful Bill—complete with nomination timelines, investor benefits, and real-world setup steps.
• Compliance Spotlight: Navigating the New Remittance Transfer Tax Rules — A deep dive into the new 1% remittance excise tax affecting certain foreign money transfers, including definitions, who must comply, and key tips to avoid surprises.
• Tax Planning Insights: Mastering the OBBB New Deductions for Tips, Overtime & More — Discover how the One, Big, Beautiful Bill (OBBB) transforms deductions for tipped workers, overtime pay, senior citizens, and car loans—and how to make the most of them in your 2025 return.
• Entity Setup: Structuring Your U.S. Business for Cross-Border Sales After the Remittance Transfer Tax — How U.S. businesses dealing in international money transfers should evaluate structure and compliance given the 1 % remittance transfer tax effective from January 1, 2026.
• Case Study: Navigating Abusive Conservation Easement Transactions — An in-depth look at how the IRS is tackling inflated conservation easement tax shelters—and what investors should know to avoid penalties and make legitimate use of deductions.
• Digital Nomad Strategies: Reporting Foreign Earned Income & Housing Exclusions — What U.S. digital nomads need to know about the Foreign Earned Income Exclusion and Foreign Housing Exclusion under 2026 law—and how to maximize your tax benefits and avoid common reporting pitfalls.
• Entity Setup & Case Study: Leveraging 100% Bonus Depreciation for Start-ups — New guidance makes 100% first-year bonus depreciation permanent for eligible property – crucial for new entities planning capital investments.
• Compliance Under the Remittance Transfer Tax: What Businesses & Providers Should Do — The One, Big, Beautiful Bill introduced a 1% excise tax on certain remittance transfers starting January 1, 2026; businesses need to understand collection, depositing, and reporting obligations to stay compliant.
• Tax Planning for Digital Nomads: Foreign Earned Income Exclusion & Travel Patterns — Digital nomads can significantly reduce their U.S. tax liability by understanding the Foreign Earned Income Exclusion and aligning travel patterns to meet physical presence tests.
• Tax Compliance Case Study: Avoiding Penalties Through Secure 2.0 Long-Term Care Distributions — The SECURE 2.0 Act introduced qualified long-term care distributions to allow penalty exceptions—but compliance lapses can lead to costly mistakes. This case study shows how to navigate safely.
• Entity Setup: Choosing Between LLC, S-Corp, and C-Corp in 2026 Under New Laws — With recent updates under the One, Big, Beautiful Bill, the major entity types carry different tax consequences—learn which structure aligns with your growth plans in 2026.
• Digital Nomads: Maximizing the Foreign Earned Income Exclusion and Staying Compliant Abroad — Foreign earning expats can save thousands by using the Foreign Earned Income Exclusion, but staying compliant with U.S. tax laws while abroad requires careful planning and understanding.
• Compliance: Staying Ahead of ESG & Executive Compensation Rules in Tax-Exempt Orgs — New rules expand oversight of executive compensation for nonprofits — if you're part of a tax-exempt entity, you need to understand the risks now.
• Tax Planning for Digital Nomads: Navigating Foreign Earned Income & Home Country Ties — For nomads working abroad, leveraging the Foreign Earned Income Exclusion and tax treaty provisions can be a game changer — make sure you meet the rules exactly.
• Entity Setup: Choosing the Right Structure for Remote Entrepreneurships in 2026 — Deciding between an LLC, partnership, or corporation can dramatically impact your taxes as a remote entrepreneur — here’s how to make the smart choice from Day 1.
• Navigating Section 892: What Sovereign Investors Should Know — For sovereign wealth funds and other foreign government entities with U.S. passive income, the new Section 892 proposed rules offer clarity—this article breaks down the exemptions, transition timelines, and planning angles.
• Compliance Essentials for Employee Plans: Long-Term Care Distributions & Issuer Disclosures — With SECURE 2.0 now in effect, retirement plan administrators and insurance issuers must adapt to new rules for long-term care distributions—this article walks through compliance steps and risks.
• Stretch Your Dollars: Tax Planning Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill introduced sweeping tax law changes for 2026—this article helps individuals strategically plan around standard deductions, brackets, and new credits to maximize savings.
• Qualified Property Now eligible for **Full 100% Bonus Depreciation** — Strategic Buying Opportunities for Businesses — Permanent 100 percent first-year depreciation means accelerated write-offs; here's how to take advantage now under the updated rules.
• Tax-Exempt Org Executives Face Broader Pay-Penalty Under OBBB Act: What to Know Now — New proposed IRS regulations expand the excise tax on executive compensation for tax-exempt organizations—anyone earning over $1M or with excess parachute payments now under scrutiny.
• Tips Becoming Deductible: Navigating the ‘‘No Tax on Tips’’ Rules Under OBBB Act — New final regulations let eligible workers deduct qualified tips—here’s who qualifies, how to claim the deduction, and common pitfalls to avoid.
• What Digital Asset Investors Need to Know: IRS Digital Asset Identification Relief for 2025-2026 — New IRS relief allows better basis tracking for digital assets through 2026—read what you must do to avoid surprises.
• Understanding the IRS’s 2026 Settlement Opportunity for Conservation Easement Disputes — IRS is offering new settlement terms for conservation easement cases—learn if this applies to you and how to take advantage.
• Maximizing the New Health Savings Account Opportunities Under the One Big Beautiful Bill — With major HSA expansions effective 2026 under the One Big Beautiful Bill, here’s how individuals and families can leverage these changes for better healthcare tax planning.
• Entity Setup & Sovereign Investors: Section 892 Guidance Updates — New IRS-Treasury guidance under Section 892 offers outsiders clarity: transitional relief and grandfathering for sovereign wealth funds investing passively in the US.
• Navigating Employee Retention Credit Disallowances: Timing & Relief Options — New IRS procedures help ERC claimants protect their legal rights by extending deadlines and issuing alerts when disallowances approach statute limits.
• Digital Asset Identification Rules: What Every Crypto Investor Needs to Know — A recent IRS notice extends relief for identifying digital assets held by brokers — learn how this applies to your crypto sales in 2025-26 and how to report basis properly.
• Entity Planning: How the 1st-Year Depreciation Deduction Affects Property Acquisitions in 2026 — Guidance under the One, Big, Beautiful Bill now allows **100% additional first-year depreciation** for eligible business property acquired after Jan 19, 2025—this article explains qualifying property, timing, and record-keeping to maximize benefits.
• Compliance Guide §: Remittance Transfer Tax Rules under OBBB Bill — Starting Jan 1, 2026, new excise tax obligations apply to remittance transfers paid by physical instrument—the proposed IRS regulations outline provider duties, taxpayer liability, deposits, and reporting requirements.
• Maximizing the New Tip Deduction: What Workers Need to Know in 2026 — The One, Big, Beautiful Bill’s “No Tax on Tips” final regulations let certain tipped workers deduct qualified tips; here’s who qualifies, how to document it, and avoid common pitfalls.
• Entity Setup & Planning: Leveraging Qualified Production Property for Full Depreciation Under the OBBBA — Covering the One, Big, Beautiful Bill’s special depreciation allowance for qualified production property, this article helps businesses plan to maximize deductions through 2030 with actionable examples and strategies.
• Remittance Transfers Under the Radar: New 1% Excise Tax & What MSBs Must Know — Learn about the remittance transfer tax launched as of Jan 1, 2026—who pays it, instruments that trigger tax, and what providers must do to stay compliant under recent proposed IRS regulations.
• Maximize Your 2026 Deduction: Everything You Need to Know About the ‘No Tax on Tips’ Provision — Discover how the ‘No Tax on Tips’ regulation works under the One, Big, Beautiful Bill, including who qualifies, how to claim the deduction, and real-life examples to optimize your savings for tax years 2025–2028.
• Compliance in Disasters: Filing & Payment Relief for Southeast Georgia Taxpayers — Wildfires and brutal winds in Southeast Georgia have triggered an IRS disaster relief order — affected individuals and businesses have until August 20, 2026 to meet filing and payment deadlines for a wide range of returns originally due during a prescribed period.
• Entity Setup Strategies for Foreign Government Investors Under Section 892 Proposed Rules — Recent proposed regulations under IRC Section 892 are shifting how sovereign investors—foreign governments or their funds—must think about acquiring U.S. assets, including debt and entities under commercial activities.
• Navigating the IRS Remittance Transfer Tax Under the One Big Beautiful Bill: What You Need to Know — With the One Big Beautiful Bill Act imposing a new 1% remittance transfer excise tax starting January 1, 2026, both senders and remittance providers must understand who owes it, when it applies, and how the proposed regulations affect compliance.
• Setting Up Tax-Optimized Entities for Digital Nomads: US Strategies — Digital nomads face unique entity and tax challenges—learn what entity types deliver best flexibility for income, what treaties and reporting to watch, and real-world examples.
• Avoiding Penalties: What to Know About Conservation Easement Cases and Settlement Opportunities — Abusive conservation easements are under IRS scrutiny—learn what the new settlement offer means, the litigation risks, and how to evaluate whether to settle or fight on.
• Maximize Your Savings: Navigating the Working Families Tax Cuts Deductions — New deductions like no tax on overtime, car loan interest, tips, and enhanced senior benefits offer big savings—learn how to qualify and claim them correctly.
• Navigating the "No Tax on Tips" Regulations: A Guide for Service Workers — Final IRS regulations list over 70 tipped professions that may now benefit from claiming qualified tips—what service workers need to know and how to get refunds.
• What Digital Nomads Need to Know About the 1% Remittance Transfer Tax (Effective Jan 1, 2026) — A deep dive into how the remittance transfer tax under the OBBB affects digital nomads and their senders—including funding methods that trigger the tax and strategies to avoid surprises.
• Maximizing Savings with the New $2,000 Reporting Threshold Under the One, Big, Beautiful Bill — How the higher reporting threshold (from $600 to $2,000) affects self-employed, gig workers, and clients sending you Forms 1099-MISC/NEC—and how to adapt now.
• Digital Nomads & HSAs: What’s New in 2026 and How It Helps You — Changes to Health Savings Account eligibility offer digital nomads more flexibility—see if your health plan qualifies and how to use HSA benefits abroad.
• Compliance Alert: Navigating Remittance Transfer Tax and IRS’s Proposed Regulations — New tax law now imposes a 1% excise tax on certain foreign remittance transfers—understand who pays, instruments covered, and how to stay compliant.
• Tax Planning Strategies After the One, Big, Beautiful Bill: Maximizing Your 2026 Deductions — With recent law changes under the One, Big, Beautiful Bill, 2026 brings sharper deductions and enhanced tax benefits—learn how to align your plans now.
• Wildfire-Related Tax Relief for Individuals & Businesses in Southeast Georgia — Affected by the April 2026 wildfires in Southeast Georgia? The IRS has postponed return & payment deadlines to August 20, 2026, offering crucial relief to residents and businesses impacted by the disaster.
• Digital Assets & Brokers: Temporary Relief Extended Until End-of-2026 — The IRS has extended temporary relief for brokers handling digital assets, giving taxpayers more time to properly identify transactions under the identification rules in Section 1.1012-1(j)(3)(ii)—especially during this technology-driven transition.
• Navigating Section 892 Changes: What Sovereign Investors Need to Know — Recent IRS guidance under Section 892 has introduced grandfathering and transitional relief aimed at clarifying when sovereign governments are exempt from U.S. tax on passive investments—critical for international funds and government-owned entities.
• Case Study: Using the IRS Conservation Easement Settlement Option to Mitigate Enforcement Risk — An in-depth example showing how property owners involved in syndicated conservation easement (SCE) deals can evaluate the IRS’s new settlement option, calculate trade-offs, and decide whether to accept or contest.
• Entity Setup Essentials: Choosing the Right Structure in 2026 Under Changing Laws — Selecting between LLCs, S-corporations, and partnerships has fresh implications under recent U.S. law changes. This article helps you weigh tax, liability, and compliance to choose the structure that fits your goals.
• Building Tax-Smart Nomad Strategies: Residency, Income Sourcing, and U.S. Tax Obligations — For U.S. citizens relocating or travelling abroad, understanding how residency rules, foreign income sourcing, and treaty benefits interact can help reduce global tax risk. This guide outlines actionable insights for digital nomads navigating the 2026 U.S. tax landscape.
• Compliance Alert: Disallowed ERC Claims & New Deadline Extension Process — ERC claim disallowance comes with a ticking two-year deadline. Learn the new streamlined process to preserve your rights and avoid losing refund opportunities forever.
• Entity Setup in 2026: 3 Business Structures for Entrepreneurs to Consider — Choosing the right entity can mean thousands in tax savings and liability protection. Compare LLCs, S-Corps, and C-Corps with recent exclusions and deductions under OBBB.
• How Digital Nomads Can Optimize U.S. Taxation Under the One, Big, Beautiful Bill — Remote workers living abroad face fresh rules under recent tax law changes. Here’s what digital nomads need to know—and how to make the most of exclusions, deductions, and treaty benefits.
• Settlement Window: What The IRS’s Conservation Easement Initiative Means for Partnerships — A sweeping, time-limited program offers partnerships embroiled in conservation easement disputes a chance to settle under much more favorable terms—if they act within specific windows.
• Protecting Your Recovery: Navigating the New ERC Disallowance Extension Process — With the IRS’s recent streamlined process, businesses facing disallowed Employee Retention Credit (ERC) claims have a supplemental opportunity to extend key deadlines and preserve rights they could otherwise lose forever.
• Digital Nomad Tips: Managing Taxes While Working Globally under New US Rules — US-based digital nomads face fresh tax situations under updates like remittance tax, foreign income exclusions, and tips deductions through the One, Big, Beautiful Bill.
• Compliance Alert: Avoiding Scams & Mistakes Under the New One, Big, Beautiful Tax Law — With sweeping tax changes under the OBBB, compliance mistakes and fraud risk rise—learn how to protect yourself and stay fully compliant.
• Maximizing Savings: Smart Tax Planning Moves Under the One, Big, Beautiful Bill — Explore key tax planning strategies under the new One, Big, Beautiful Bill—how gig income, new deductions, and remittance transfer rules open planning opportunities.
• How the Remittance Transfer Excise Tax Affects Digital Nomads and Small Businesses — Understanding the 1% remittance excise tax: what triggers it, who pays, how small business owners and digital nomads can plan ahead to avoid surprises.
• Navigating the Dyed Fuel Refunds Under New IRS § 6435 Rules — With temporary regulations now effective, learn how businesses can claim refunds on federal excise taxes paid on dyed diesel or kerosene removed for nontaxable use—and what actions to take now.
• Settling Conservation Easement Disputes: What Eligible Taxpayers Need to Know — Explore the IRS’s new time-limited settlement opportunity for partnerships in conservation easement or historic preservation disputes—what it offers, who qualifies, and how to take action before time runs out.
• Navigating Conservation Easement Disputes: IRS’s New Settlement Window — The IRS is offering a new settlement opportunity for conservation easement cases—whether you’re a partnership, partner, or advisor, here’s what to know about risks, penalties, and timely action.
• How the One, Big, Beautiful Bill’s ‘Remittance Transfer Tax’ Could Affect You — A deeper dive into the new 1% excise tax on remittances under OBBBA—what it really means for senders and providers, including who pays, what’s taxed, and how to avoid unexpected costs.
• Digital Nomad Finances: What’s New for 2026 Regarding Housing Expense Limits and Withholding — New IRS guidance adjusts housing expense caps under section 911 and updates tax withholding tables—what nomads need to understand to manage tax liabilities abroad.
• Profiting from the One, Big, Beautiful Bill: Entity Setup & Incentives for Investors — Discover how the One, Big, Beautiful Bill reshapes depreciation and opportunity zones—and how your entity could benefit with strategic setup.
• Tax Filing Relief for Disaster-Affected Small Businesses: What You Need to Know — Learn how tax deadline postponements for wildfires and disasters can affect your filing strategy and what small businesses should do to stay compliant.
• Entity Setup Case Study: Choosing Between S-Corporations and LLCs for U.S. Residents Working Abroad — A walkthrough of how U.S. residents living abroad should evaluate structure—LLC vs S-Corporation—for tax and liability advantages, with an illustrative example.
• Tax Planning for Gig Workers: Leveraging Tip & Overtime Deductions Under the One, Big, Beautiful Bill — Gig workers—especially tipped and overtime-earning individuals—can now use new deductions under the One, Big, Beautiful Bill to lower taxable income. This article explains how to qualify, calculate, and apply them.
• Digital Nomads: Maximizing the Foreign Earned Income Exclusion with the New Section 911 Housing Adjustments — Recent Treasury and IRS updates to housing‐expense limits under Section 911 offer digital nomads a chance to exclude more of their foreign housing costs—but only if they navigate eligibility and location rules carefully.
• Digital Asset Brokers and 1099-DA: New Proposed Electronic Furnishing Rules — IRS proposes changes to let digital asset brokers deliver 1099-DA statements electronically without offering a paper option, easing burden—set to take effect in 2027.
• Tax Compliance Under the One, Big, Beautiful Bill: Understanding Final Tip-Regulations — With final regulations under the ‘No Tax on Tips’ provision now released, tipped workers across many industries can claim deductions for qualified tips—but must meet precise rules to avoid headache.
• Navigating the New Conservation Easement Settlement: Risks & Strategies — The IRS’s May 13, 2026 settlement opportunity for conservation easement cases offers partnerships a chance to resolve disputes with lower penalties—but strict deadlines and valuation risks remain.
• Entity Setup for U.S. Businesses: Choosing Between Partnerships, S Corps, and LLCs in 2026 — In the post-OBBBA tax universe, entity choice can make or break your bottom line—this article breaks down trade-offs between pass-through, double taxation, flexibility, in light of recent changes.
• Compliance Deep Dive: IRS’ New Settlement Opportunity for Conservation Easement Disputes — The IRS is offering a time-limited chance to settle historic easement disputes—this article explains what taxpayers must know, how to evaluate risk, and examples of when settlement might win over litigation.
• Smart Tax Planning for Digital Nomads: Navigating the U.S. Remittance Transfer Tax — The One, Big, Beautiful Bill introduces a 1% excise tax on certain remittance transfers—this article shows digital nomads exactly what that means, how to avoid surprises, and when to report.
• Tax Relief for Georgia Wildfires: Key Deadlines You Shouldn't Miss — If you live or do business in Clinch, Echols, or Brantley counties (GA), tax return and payment deadlines postponed to August 20, 2026 offer temporary relief due to wildfires—know what's covered.
• Navigating the Remittance Transfer Tax: What Senders & MSBs Need to Know Now — A 1% remittance transfer excise tax took effect Jan 1, 2026 for certain transfers—this article explains who pays, which instruments are taxed, reporting rules, and tips to stay compliant.
• Maximizing the Qualified Tips Deduction: Eligibility, Occupations & Best Practices — A new final regulation under the One, Big, Beautiful Bill allows many tipped workers to claim deductions on qualified tips starting June 12, 2026—understanding who qualifies and how fillings work is crucial.
• Abusive Conservation Easements: What Investors & Partnerships Need to Know — IRS is stepping up enforcement around conservation easements—learn how to spot red flags, prepare for audits or settlements, and protect your deductions.
• How Partnerships, Governments & Tax-Exempts Can Navigate the Expanded Business Tax Account — The IRS has opened digital Business Tax Accounts to more entities—this article shows how partnerships, tribals, nonprofits, and government organizations can use the expansion to streamline compliance.
• Planning Your Finances Under the New Remittance Transfer Tax Rules — A 1 % remittance transfer tax took effect in 2026 under the One, Big, Beautiful Bill—this article explains who is affected, what counts, and how to optimize your payments.
• Planning for Tax Filing Relief After Disasters: Lessons from Georgia Wildfires — Affected by disasters? Learn how the IRS provides relief and extensions during disasters, and how taxpayers can plan ahead using the recent Georgia wildfire relief as a guide.
• Case Study: How Stablecoin Tips Are Handled Under the New Regulations — With recent IRS regulations excluding digital assets from “cash tips,” stablecoin-based tipping platforms must revisit their tax reporting—learn how these rules apply and what changes platforms should make.
• Navigating the New Remittance Transfer Tax: What Digital Nomads and Expat Senders Need to Know — Beginning January 2026, a 1% excise tax applies to certain remittances sent using physical payment instruments—find out how this impacts those frequently sending money overseas and what safeguards you can employ.
• Backup Withholding & Information Reporting: What $2,000 Threshold Means Post-OBBBA — The One, Big, Beautiful Bill raised the reporting threshold for certain payments from $600 to $2,000—learn what changed, who is affected, and how to stay compliant under the new rules.
• Navigating the 1% Remittance Transfer Tax Under OBBB: What Individuals and Businesses Need to Know — A new excise tax under the One, Big, Beautiful Bill (OBBB) now imposes a 1 % charge on certain remittance transfers beginning January 1, 2026—this article breaks down who is affected, how it works, and how to plan to avoid surprises.
• Disaster Tax Relief: Filing Deadlines Extended for Southeast Georgia Wildfire Victims — Recent wildfires in Georgia triggered IRS relief—new deadlines let affected taxpayers file and pay taxes through August without penalty.
• Navigating the New Dyed Fuel Refund Rules under the One, Big, Beautiful Bill — Recent IRS regs allow certain taxpayers to recover excise taxes on dyed fuel — act quickly with the new procedures and deadlines to avoid missing out.
• How to Protect Your ERC Claim Using IRS’s New Extension Process — A recent IRS announcement could be a lifeline for taxpayers facing deadlines after Employee Retention Credit (ERC) disallowances—know how to use it before time runs out.
• Refunds for Dyed Fuel Excise Tax: What Qualifies and How to Claim — Recent IRS temporary regulations offer refunds for excise taxes on dyed fuel for those who initially paid tax but later used it for nontaxable purposes.
• How Businesses Can Handle ERC Disallowance Efficiently — New IRS rules offer better ways for businesses to extend deadlines and resolve disputes when an Employee Retention Credit claim is disallowed.
• Mastering the ‘No Tax on Tips’ Provision: What Tipped Workers Need to Know — Major updates under the One, Big, Beautiful Bill now let over 70 occupations qualify for a tax deduction on tips—if certain rules are met. Here’s your complete guide to see if you qualify.
• Avoiding Penalties from Promotion-Driven Conservation Easement Arrangements — IRS warns about inflated valuations and abusive conservation-easement tax schemes—learn how to assess risk, and seize the upcoming settlement opportunity if eligible.
• Navigating the New Remittance Transfer Tax & Proposed Regulations — As of Jan 1, 2026 the USA imposes a 1% excise tax on remittances funded with cash-like instruments; proposed IRS rules clarify who’s affected and how to comply.
• Disaster Tax Relief in Southeast Georgia: What Individuals and Businesses Must Know — After April 18, 2026 disasters in parts of Southeast Georgia, IRS-relief provides extended deadlines and income exclusions—here's how to qualify and use them.
• Digital Nomads & U.S. Taxes: How OBBB Affects Your Remote Earnings — Remote work—and travel—bring fresh tax breaks and reporting obligations under the One, Big, Beautiful Bill; here's what digital nomads need to know and do.
• Compliance Playbook: Meeting IRS Withholding & Reporting Updates in 2025-26 — Compliance demands have shifted under recent law changes—here’s how to update your practices for withholding, forms, and reporting.
• Tax Planning Strategies Under the One, Big, Beautiful Bill: What Everyone Should Know — The One, Big, Beautiful Bill (OBBB) Act brings permanent deductions, new benefits, and inflation-adjusted thresholds—now’s the time to adjust your tax planning strategy.
• Disaster Relief Tax Deadlines in Southeast Georgia: Extensions, Options, and Tips — For those in Georgia counties affected by April 2026 wildfires, key federal tax deadlines have been extended to August 20, with special relief options for returns, payments, and disaster-related distributions.
• Remittance Transfer Tax: What Senders and Providers Need to Know in 2026 — A new 1% tax on remittances sent via cash, money orders, and similar instruments took effect January 1, 2026—providers must report, senders should anticipate costs, and regulations clarify scope.
• Navigating the ‘No Tax on Tips’ Deduction: A Guide for Tipped and Gig Economy Workers — Starting tax year 2025, workers in certain tipped occupations may deduct up to $25,000 in qualified tips—with clear rules, phase-outs, and special categories to watch.
• Claiming Refunds on Dyed Fuel Excise Tax: What Businesses Need to Know — OBBB introduced §6435 allowing recovery of excise tax paid on dyed fuel—this explains criteria, filing procedures, and how to ensure you’re eligible.
• Maximizing Tax Benefits with the Expanded Opportunity Zones in 2027 — The OBBB permanently renews Opportunity Zones and allows new nominations beginning July 2026—here’s how investors and state officials can make the most of these changes starting in 2027.
• How US Workers Should Leverage the New Remittance Transfer Tax Rules — The recent One, Big, Beautiful Bill has introduced a 1% excise tax on certain remittance transfers from the U.S.—who pays, what instruments trigger it, and how businesses must comply.
• Entity Tax Classification: New Final Rules for Tribal Entities Under OBBB — Final IRS/Treasury regulations alter how Tribal-government-owned entities are treated for tax classification—this is a pivotal shift for such entities' federal obligations.
• Compliance Checklist for IRS Proposed Remittance Transfer Tax Under OBBB — A run-down on the 1% remittance tax, who is liable, key deadlines, and how to avoid penalties under the new regulations.
• Maximizing the New No-Tax Tips Deduction: What Gig Workers Need to Know — The One, Big, Beautiful Bill introduces a powerful deduction for tipped workers—here’s how to claim it, who qualifies, and how it interacts with other income.
• Navigating Dyed Fuel Excise Tax Refunds and Reliefs for Small Businesses — Businesses that use dyed fuel now have immediate access to new refund procedures and tax relief under recent IRS temporary regulations—here’s how they work.
• Entity Setup Choices for Digital Nomads: LLCs vs Sole Proprietorship vs S-Corp — Explore what entity type works best if you’re a digital nomad—how to pick, tax implications, pros and cons for each setup across income, legal protection, and international living.
• Mastering the “No Tax on Tips” Deduction: Who Qualifies & How to Claim It — Under the One, Big, Beautiful Bill, thousands of tipped workers may now exclude their tips from taxable income—learn the occupations, rules, and steps to claim this deduction.
• Compliance Guide: Resolving ERC Disallowances and Avoiding Litigation — New procedures allow more time to settle Employee Retention Credit disputes before entering litigation—smart compliance steps to protect your rights and refunds.
• Strategic Tax Planning for Digital Nomads: US Rules You Might Be Overlooking — How U.S. tax changes in 2026 and the One, Big, Beautiful Bill affect digital nomads—what to watch, what’s changed, and strategies to minimize double taxation.
• Entity Setup Essentials: Handling Dyed Fuel Excise Under New OBBB Rules — Understand the new temporary excise tax refund system for dyed fuel post-One, Big, Beautiful Bill, and how entities should adjust operations to comply and avoid penalties.
• Case Study: Streamlined ERC Disallowance Process Simplifies Appeals — See how the IRS’s new streamlined procedure helps businesses and nonprofits resolve Employee Retention Credit controversies without entering litigation — through Form 907 and Notices CP320B.
• Mastering Digital Nomad Taxes: Foreign Earned Income Exclusion & One Big Beautiful Bill — Learn how the filing season changes under the One, Big, Beautiful Bill and Foreign Earned Income Exclusion affect U.S. citizens working abroad — with concrete steps to stay compliant in 2026.
• Digital Access & Entity Compliance: Business Tax Account Now Opening to More Organizations — The IRS has expanded digital access—Business Tax Account (BTA) now available to partnerships, tax-exempts, tribes, and government entities—making compliance faster, simpler, and more secure.
• Leveraging Qualified Opportunity Zones Under the One, Big, Beautiful Bill — New guidance gives states a rare opportunity to nominate rural and distressed census tracts for long-term tax incentives starting in 2027—ideal for investors or businesses targeting underserved communities.
• Strategic Use of Employee Retention Credit Disallowance Relief — Many businesses face disallowed Employee Retention Credit (ERC) claims—but new IRS policies now give eligible taxpayers a **streamlined pathway** to extend deadlines and preserve refund rights.
• Gig Workers & Overtime: How the OBBB Transformed Taxes for Side Hustles — New permanent deductions and reporting rules for tips and overtime change the game for gig workers—if you know what's deductible and how to avoid pitfalls.
• Opportunity Zones 2.0: New Rules For States & Rural Areas Under One, Big, Beautiful Bill — The revamped Qualified Opportunity Zone rules under the One, Big, Beautiful Bill open major incentives for states—especially for rural census tracts. Learn how jurisdictions and investors should adapt.
• How Wildfire Relief Works: Filing Extensions & Tax Planning in Disaster Areas — When disasters strike, knowing your IRS options can save you money—and stress. This article explains how to leverage filing extensions, deductions, and pro tips when affected by natural disasters.
• What Gig and Tipped Workers Need to Know About the One, Big, Beautiful Bill — Gig and tipped workers get new deductions under OBBB—up to \$25,000 in ‘qualified tips’ and other permanent benefits. Here’s what to watch.
• Navigating the Farmers’ & Fishermen’s Penalty Waiver for Underpayment in 2025 — A recent IRS policy gives eligible farmers and fishermen relief from penalties for underpaying their 2025 estimated taxes—if certain conditions are met.
• Maximizing the New Qualified Production Property Depreciation Under OBBB — Learn how businesses can make the most of the permanent 100% first‐year depreciation for qualified production property introduced by the One, Big, Beautiful Bill.
• Tax Compliance Case Study: How “No Tax on Car Loan Interest” Works Under the OBBB — IRS rules let individuals deduct car loan interest—but only if they meet eligibility criteria such as income limits and that the vehicle was assembled in the U.S., creating new compliance steps for everyday taxpayers.
• Entity Setup Strategy: Leveraging Qualified Opportunity Zone Changes Under the OBBB Act — The One, Big, Beautiful Bill slashes the substantial improvement threshold for rural Opportunity Zones, offering big tax incentives for real estate investments outside dense urban areas.
• Digital Nomads & the Foreign Earned Income Exclusion: What’s New in 2026 — The One, Big, Beautiful Bill introduces a waiver for certain time requirements for expats in countries like Ukraine & Mali—opening new possibilities for digital nomads facing instability.
• Entity Risks and Settling with IRS Over Abusive Conservation Easements — Abusive conservation easements are under serious IRS scrutiny. The agency is offering a settlement opportunity for eligible partnerships—walk through risk factors and actions to protect your entity.
• Claiming the “No Tax on Tips” Deduction: A Boost for Tipped Workers — New regulations give tipped workers the ability to deduct “qualified tips” from taxable income under the One, Big, Beautiful Bill, including clarifying which occupations qualify and what counts as a tip.
• Navigating the New Remittance Transfer Tax Under the One, Big, Beautiful Bill — Starting January 1, 2026, certain remittances sent using cash or similar physical instruments will be subject to a new 1% excise tax. Understanding who it affects and how to comply is essential for both senders and remittance providers.
• How States Can Nominate Qualified Opportunity Zones for 2027: A Guide for Local Governments — State and local officials: learn how to identify eligible tracts and meet IRS requirements for QOZ nominations beginning mid-2026.
• Compliance Checklist for the New Remittance Transfer Tax — Ensure your business meets its reporting, collection, and deposit obligations under the 1 % remittance transfer tax effective from Jan 1, 2026
• Maximizing the “No Tax on Tips” Deduction Under the One, Big, Beautiful Bill — A deep dive into how tipped workers—including gig economy performers—can use the new tax deduction for qualified tips to reduce tax liability in 2025 and beyond.
• Entity Setup for Digital Nomads: Optimizing Your U.S. Business While Abroad — Structuring your U.S.-based business entity as a digital nomad can affect taxes, liability, and compliance—learn smarter setups and pitfalls to avoid.
• Digital Asset Brokers & 1099-DA: What Crypto Investors Need to Know — Proposed rules will change how digital asset brokers deliver tax statements—learn how this impacts your record-keeping and compliance.
• Mastering the Remittance Transfer Tax: Planning Tips for Individuals Sending Money Abroad — A 1 % remittance transfer tax now applies to many cross-border payments made via physical instruments—here’s how to plan ahead and reduce exposure.
• Entity Setup Strategies After the One, Big, Beautiful Bill: Choosing the Right Structure — Big changes under the OBBB mean entity choice (LLC, S-Corp, C-Corp) matters more than ever—especially for gig workers, mixed income, and digital nomads.
• Remittance Transfer Tax Under the One, Big, Beautiful Bill: What Businesses & Senders Must Know — Starting January 1, 2026, remittances sent via physical instruments are subject to a new 1 % excise tax—understanding who pays, how deposits work, and upcoming proposed regulations.
• Digital Assets & Form 1099-DA: What Every Taxpayer Should Know — As digital asset regulations evolve, understanding broker reporting on Form 1099-DA for transactions in 2025-2026 is essential to avoid surprises and penalties.
• ‘No Tax on Tips’ Final Rules: What Tipped Workers Should Know for 2026 — IRS has issued final regulations under the One Big Beautiful Bill removing income tax on tips for many occupations — here's how that works and who qualifies.
• New IRS Rules for Indian Tribal Entities: What Business Structures Need to Know — Entities wholly owned by Indian Tribal governments are now classified differently under both income and employment/excise tax rules.
• Mileage Math 2026: How IRS’s New Standard Rates Impact Freelancers and Remote Workers — With the IRS increasing its 2026 standard mileage rate, remote workers and self-employed people must adjust expense tracking and deductions to ensure they maximize benefits without violating rules.
• How Entities Get More Online Power: Expanding Access to IRS Business Tax Accounts — Recent IRS policy allows partnerships, governments, and tax-exempt organizations to use the Business Tax Account—changing how entities interact with the IRS.
• Digital Assets Reporting: What the New 1099-DA Electronic Furnishing Proposal Means for Nomads — A proposed IRS regulation aims to make brokers' digital asset reporting more modern—here’s what digital nomads should know now and over the next year.
• Maximizing One, Big, Beautiful Bill Benefits for Freelancers & Gig Workers — Freelancers and gig economy workers have several new tax benefits under the One, Big, Beautiful Bill—here’s how to take full advantage of deductions and credits for 2025.
• Relief for Farmers and Fishermen Underestimated Their Estimated Tax in 2025? — Notice 2026-24 waives penalties for qualifying farmers and fishermen who underpaid estimated taxes—provided certain conditions are met by April 15, 2026.
• Foreign Earned Income & Housing Exclusion: How the 2026 Adjustments Open Doors for Digital Nomads — Important adjustments to housing exclusions under IRC section 911 allow digital nomads to exclude higher foreign housing costs for 2026—and even apply them retroactively to 2025 in many cases.
• How the Final Regulations for “No Tax on Tips” Impact Tipped Workers — The IRS has issued final regulations defining “qualified tips” and published the occupations eligible under the “No Tax on Tips” provision, offering major savings for tipped employees and gig workers starting in tax year 2025.
• Compliance Alert: Updated IRS Mileage Rate and Vehicle Use Regulations for 2026 — Fresh from IRS Bulletins: rules on nonpersonal use vehicles and updated standard mileage rates — crucial for anyone deducting vehicle expenses or using employer-provided autos.
• Navigating Group Exemption Letters: IRS Rev. Proc. 2026-8 Changes for Tax-Exempt Organizations — New IRS procedures ease the process for subordinate entities to gain group exemption status — learn deadlines, documentation and effective dates.
• Optimizing the New Deduction for Qualified Passenger Vehicle Loan Interest (QPVLI) — Learn how recent US policy changes under the One, Big, Beautiful Bill now allow deductions on car loans, including phase-outs, criteria, and how to use Schedule 1-A.
• Entity Setup Spotlight: Qualifying Nonpersonal Use Vehicles for First Responders — New IRS final regulations now protect unmarked emergency vehicles used by first responders from burdensome recordkeeping—key for fire departments and rescue crews.
• Penalty Relief for Farmers and Fishermen: What to Know Under Notice 2026-24 — A new IRS notice gives qualifying farmers and fishermen relief from underpayment penalties if they act by April 15, 2026—offering a chance to avoid charges many didn’t anticipate.
• How Foreign Housing Expense Limits Under Section 911 Are Changing for Digital Nomads — Recent IRS changes allow many who live abroad to use higher housing expense limits for 2026—and even retroactively for 2025—making foreign income exclusion planning more generous for some digital nomads.
• Entity Setup Decision: Choosing the Right Entity Structure Under Recent Changes — New depreciation and entity level adjustments under OBBBA make your choice of business entity more strategic than ever—for tax savings and compliance.
• Digital Nomad Tax Planning: Foreign Earned Income Exclusion & Waivers You Shouldn't Miss — If you're abroad and hit by adverse conditions, recent IRS updates give you relief with waivers to qualify for the Foreign Earned Income Exclusion.
• Mastering the New Federal Deduction for Qualified Tips: What You Need to Know — The One, Big, Beautiful Bill introduces a tax deduction for ‘qualified tips’ starting in 2025. Learn who qualifies, what occupations are included, and how to properly claim this benefit.
• Foreign Earned Income Exclusion in 2026: Impacts and Strategies for Digital Nomads — Clarifies inflation updates and planning tips for U.S. digital nomads using the Foreign Earned Income Exclusion under the new tax inflation adjustments.
• What the New “No Tax on Tips” Deduction Means for Gig Workers and Service Employees — Find out how the newly enacted “No Tax on Tips” provision works, who qualifies, and how to claim it properly for tax year 2025.
• How the “No Tax on Car Loan Interest” Provision Works Under One, Big, Beautiful Bill — Learn how the new auto-loan interest deduction works, who qualifies, and practical strategies to use it for tax years 2025-2028.
• Health Savings Account Changes for Digital Nomads and Remote Workers under OBBB — The One, Big, Beautiful Bill expands HSA eligibility: now bronze and catastrophic plans qualify, and telehealth services count—even if you haven’t met the deductible. Big news if you're remote or frequently abroad.
• Backup Withholding: What Gig Economy Workers Need to Know under OBBB — Proposed regulations under the One, Big, Beautiful Bill (OBBB) change the 1099-K reporting threshold, easing reporting burden for many gig and platform-based workers.
• Compliance Check: IRS Budget Cuts & Service Changes—What Taxpayers Need to Know — IRS faces staffing and budget reductions—but you can still stay compliant. This article explains what to expect in services, delays, and what actions to take.
• Entity Strategies: Group Exemption Letter Program Gets Major Update Under **Rev. Proc. 2026-8** — Nonprofits with subsets can save work but face new rules—this article explains major changes under IRS Rev. Proc. 2026-8 for group exemption letters, including transition deadlines and requirements.
• How the ‘One, Big, Beautiful Bill’ Redefines Deductions on Tips & Overtime for 2025-2028 — This article unpacks the sweeping changes under the OBBBA related to qualified tips and overtime deductions, including who qualifies, how to report, and planning opportunities.
• How New Business Tax Accounts & Tip Rules Change the Game for Small Employers — New IRS final and proposed regulations under OBBB reshape how small-businesses handle tipped employees, business tax accounts, and the remittance transfer tax: what you need to know.
• Maximizing Fuel Refunds Under the One, Big, Beautiful Bill: A Guide to § 6435 Claims — New law gives taxpayers the ability to recover excise taxes paid on fuel later dyed for non-taxable use—if you meet certain terminal removal and tax-paid requirements.
• How DHS Employees Just Got Extra Time: Navigating IRS Filing Relief — DHS personnel affected by the shutdown now have until **May 15, 2026** to file returns and pay taxes without penalties or interest—here’s how this impacts you and what to do now.
• Compliance Checklist: TPSOs, Form 1099-K & Backup Withholding under New Regulation — With thresholds reverting under the OBBB Act, TPSOs and payees both need to know when reporting and backup withholding apply. Follow this checklist to stay compliant and avoid penalties.
• Entity Setup Best Practices: Navigating Rev. Proc. 2026-8 for Nonprofits — New rules under Rev. Proc. 2026-8 overhaul how nonprofits obtain group exemption letters. Understand key requirements and pitfalls when setting up entity structures to comply.
• How Digital Nomads Can Master US Tax Planning Under the One, Big, Beautiful Bill — US tax law has shifted significantly for those living or earning abroad. This article breaks down key changes that affect digital nomads—foreign income exclusions, health savings accounts, and new withholding/reporting rules—to help you optimize your tax strategy.
• Relief for Farmers & Fishermen: Waiver of Underpayment Penalties — Farmers and fishermen now have an automatic waiver from penalties for underpaying estimated taxes for the 2025 tax year—if specific conditions are met.
• Entity Setup Strategies Under the One, Big, Beautiful Bill: What Startups Need to Know — The One, Big, Beautiful Bill has introduced significant changes for entity-level tax benefits—discover how startups can choose structures strategically.
• How Digital Asset Reporting Changes in 2026 Affect Real Estate Sales — New IRS rules require digital assets used in real estate sales to be reported on Form 1099-S—learn what this means, who’s affected, and how to stay compliant.
• Understanding Interest Rates, Underpayments, and Overpayments: What’s Changing in Q2 2026 — The IRS has set new interest rates for Q2 2026 affecting underpayments, overpayments, and corporate vs individual obligations—important for cash-flow planning and compliance.
• Planning for Trump Accounts: What Parents Need to Know About the One-Time $1,000 Contribution — The IRS has issued proposed regulations for Trump Accounts including a one-time $1,000 pilot program contribution for eligible children; here’s how to plan ahead and avoid pitfalls.
• Tax Relief & Digital Access: How to Use Business Tax Account for Partnerships and Non-Profits — Recent IRS policy expands digital access to the Business Tax Account, opening benefits for partnerships, governments, and non-profits—this article explains why that matters and how to make it work for you.
• Structuring Entities for Remote Entrepreneurs & Nomads: U.S. Entity Setup & Safe Harbor Options — Choosing the right structure—whether LLC, corporation, or foreign-owned – and utilizing safe harbors under updated regulations can optimize taxes for remote entrepreneurs and digital nomads working across borders.
• Digital Assets, Foreign Entities & Brokers: Navigating Reporting and Withholding in 2026 — IRS proposed and final regulations are reshaping how digital assets and foreign entities must report transactions, furnish statements, and comply with backup withholding—crucial for nomads, businesses, and brokers alike.
• Maximizing the Increased SALT Deduction and New Child Tax Credit Rules from the OBBB Act — With the One, Big, Beautiful Bill enacting significant changes to SALT deductions and child tax credit thresholds starting in 2025–2026, U.S. taxpayers should plan now to leverage these new opportunities.
• Case Study: How a Gig Worker Can Reduce Tax Bill Under Recent IRS Adjustments — The latest cost-of-living and tax law changes offer surprising savings for gig economy earners—here’s a breakdown of real opportunity.
• Entity Setup for Small Businesses: Choosing Between LLC vs. S Corporation in Light of the One, Big, Beautiful Bill — The 2025 OBBB law impacts how small businesses are taxed—here’s how to choose between LLC and S-Corp for tax savings and compliance.
• How Digital Nomads Can Take Advantage of the Foreign Earned Income Exclusion in 2026 — Remote work from abroad? The Foreign Earned Income Exclusion has increased for tax year 2026—here’s how nomads can use it, and when it might not make sense.
• Entity Setup Strategies in Light of the New First-Year Depreciation Rules — The One, Big, Beautiful Bill permanently restores 100% first-year bonus depreciation for eligible business assets acquired after January 19, 2025 — which shifts how small businesses and new entities should plan investments.
• How U.S. Digital Nomads Can Navigate the ‘One, Big, Beautiful Bill’ Tax Changes — New 2025–2026 US tax law introduces major changes like deductions for tips, overtime, and vehicle interest. Digital nomads can use these updates to plan ahead effectively.
• Case Study: How the New SALT Deduction Limit Could Impact High-Tax State Residents — An in-depth look at how the temporary increase of the SALT cap under OBBBA affects taxpayers in states like New York and California, including phase-outs and income thresholds.
• Navigating IRS Proposed Rules for Digital Asset Reporting via 1099-DA — Understand the implications of new IRS proposed regulations for furnishing Form 1099-DA electronically, and how digital asset brokers and taxpayers can prepare.
• Planning for Trump Accounts: What Parents and Guardians Need to Know — A closer look at the new Trump Accounts pilot under the One, Big, Beautiful Bill—how eligibility works, what contributions you can expect, and action steps now.
• Entity Setup and the One Big Beautiful Bill: How Businesses Benefit from Section 163(j) Election Reversal in 2026 — New relief under the OBBB Act allows certain businesses to retroactively withdraw prior Section 163(j) elections, potentially unlocking accelerated depreciation and reducing interest limitation burdens.
• How Digital Nomads Can Navigate the 2026 Foreign Earned Income Exclusion and Tax Brackets — US citizens working abroad face new 2026 tax inflation adjustments and must understand opportunities like the Foreign Earned Income Exclusion when planning overseas income.
• Entity Setup in 2026: Choosing the Right Tax Structure for Your Start-Up — LLCs, S-corps, and C-corps—the choice matters. Dive into how recent IRS adjustments and new regulations impact entity selection for entrepreneurs.
• What Digital Nomads Should Know: Foreign Earned Income and DEAD-lines in 2026 — From a bumped foreign earned income exclusion to stricter filing requirements, here’s everything location-independent workers need to stay compliant in the current U.S. tax landscape.
• How the ‘One, Big, Beautiful Bill’ Changes Retirement Savings and Fringe Benefits — Discover how 2026’s major tax law revamp impacts standard deductions, 401(k) limits, parking benefits, and more—and how you can use these changes to your advantage.
• Entity Setup Strategies Under the One, Big, Beautiful Bill: What Small Businesses Should Know — With sweeping tax law changes, choosing the right business entity and structuring can save thousands in taxes. Here’s what small business owners need to rethink in 2026.
• Kids, Accounts, and Cash: Leveraging the Trump Accounts Pilot Program — Parents of eligible U.S. newborns could get a $1,000 boost to a new retirement savings vehicle if they act under the pilot regulations for Trump Accounts.
• Mastering US Digital Asset Reporting: Compliance Essentials for Crypto Investors — With new IRS rules under the One, Big, Beautiful Bill, digital asset holders must navigate expanded reporting requirements now including Form 1099-DA and optional electronic delivery of statements.
• Remittance Transfer Tax: What You Need to Know Now — Starting January 2026, a new 1% excise tax hits remittances sent abroad via physical instruments. Know who is liable, reporting duties, and what the proposed rules suggest.
• New Definition of ‘Qualified Nonpersonal Use Vehicles’: Relief for First Responders — Final regulations now recognize **unmarked vehicles used by firefighters, EMT crews, and more** as qualified nonpersonal use vehicles, exempting them from strict IRS substantiation requirements.
• Maximizing Your Refund: Transition to Direct Deposit & Electronic Payments in 2026 — With the IRS phasing out paper checks and enforcing new rules for refund disbursements, taxpayers and businesses must understand how to secure faster, safer refunds through electronic options.
• Case Study: How a Business Uses the New Remittance Transfer Tax to Save Costs — When SkyBridge Logistics restructured its payment flows, it reduced its excise tax burden under the remittance transfer rules—learn how they did it.
• Compliance Essentials: IRS’s Rev. Proc. 2026-8 and Group Exemption Letter Overhaul — Nonprofit organizations face updated procedures to obtain and maintain group exemption letters—enforcement tightens and timelines are now strict under Rev. Proc. 2026-8.
• Smart Tax Planning for Digital Nomads: Leveraging the One, Big, Beautiful Bill — New U.S. tax policies like the remittance transfer tax and amended fringe benefit rules under the One, Big, Beautiful Bill open planning opportunities—if you know how to use them.
• How Digital Nomads Can Navigate Foreign Earned Income Exclusion & Standard Deduction Changes — Tax year 2026 brings big standard deduction hikes and a rising Foreign Earned Income Exclusion—here’s how those affect nomads working abroad.
• Understanding Your Deduction for Qualified Tips, Overtime & Car Loan Interest — The OBBB introduces brand-new deductions for qualified tips, overtime, and certain car loan interest—here’s how to determine eligibility and claim them in your 2025 tax return.
• Maximizing Deductions for Seniors Under the One, Big, Beautiful Bill — Seniors now get a brand new additional deduction of up to $6,000 even if they itemize—and it applies whether or not you take the standard deduction. Here’s what that means.
• Fit for Digital Nomads: Leveraging New Deductions and Rules in OBBB While Abroad — Digital nomads can benefit from the One, Big, Beautiful Bill’s new deductions—but only if they understand the rules for vehicle interest, overseas income, and electronic payments.
• Compliance Check: Reporting Requirements for Third-Party Settlement Transactions Under OBBB — With the OBBB changes, third-party settlement organizations must now understand when to file 1099-K and perform backup withholding—only when certain thresholds are met.
• How the New ‘One, Big, Beautiful Bill’ Rules Shape Tax Planning for Car Buyers — With OBBB introducing a new deduction for Qualified Passenger Vehicle Loan Interest (QPVLI), car buyers can save—but only if they understand the new rules, thresholds, and what qualifies an "Applicable Passenger Vehicle."
• Navigating Group Exemption Letters for Nonprofits Under Rev. Proc. 2026-8 — After years of moratorium, the IRS has released updated guidance for group exemption letters under Section 501(c); nonprofits must comply with new supervision, reporting, and control rules.
• 2026 Standard Mileage Rates: Maximize Deduction or Reimbursement — IRS’s 2026 mileage rates have shifted—learn how to use these new rates to your advantage whether you're self-employed, a remote worker, or using your car for medical or moving purposes.
• Leveraging the $20,000/$200 Backup Withholding Threshold Under OBBBBA — The One, Big, Beautiful Bill significantly raised the trigger for backup withholding by payment platforms—this article breaks down what that means for sellers, gig workers, and businesses.
• Current Corporate Alternative Minimum Tax: What Businesses Should Do Now — Recent guidance clarifies CAMT rules, adjustments, and anti-abuse measures; here’s what affected corporations must prepare for.
• Preparing for Digital Asset Reporting & 1099-DA Changes — Changes ahead for digital asset brokers and taxpayers: what to expect, how to track basis, and how to provide consent.
• Maximizing the One, Big, Beautiful Bill Deductions: What You Need to Know — Unlock new deductions for tips, overtime, car loan interest, and seniors under the One, Big, Beautiful Bill with practical record-keeping tips and filing guidance.
• Case Study: Using SALT Cap Increase to Your Advantage in High-Tax States — With the 2026 SALT cap raised to $40,400, this case study shows how a high-earner in New York reclaims lost deductions and maximizes shelter planning.
• Digital Nomad Taxes: Filing Abroad and Automatic Extensions Simplified — If you live outside the U.S. or move frequently, understanding automatic extensions can relieve stress and prevent penalties—here’s what nomads need to know in 2026.
• Planning with OBBBA: How New Interest Deduction Elections Can Save Your Business — Revenue Procedure 2026-17 offers flexibility in business interest limitation elections under the One Big Beautiful Bill Act — here’s how businesses can leverage it.
• Entity Setup Case Study: Planning for BEAT & Securities Lending Rules in AmalgamCorp’s International Structure — How a large company doing securities lending to foreign-related parties should adjust its structure and reporting under recently enacted BEAT rules.
• Compliance Alert: Final Regulations on Qualified Nonpersonal Use Vehicles Effective March 20, 2026 — Government units now get expanded exceptions from substantiation requirements under IRS § 274 for unmarked vehicles used by fire, rescue, ambulance crews—know what qualifies.
• How Digital Nomads Should Plan Under the One Big Beautiful Bill’s 2025 Rule Changes — New deductions and credit eligibility rules under the “One Big Beautiful Bill” have major implications for US citizens abroad—this article breaks them down with actionable steps for digital nomads.
• Entity Setup and CAMT: What Corporations Must Know Now — The Corporate Alternative Minimum Tax (CAMT) rules are evolving. Large corporations and those in complex entity structures must act now to understand recent interim guidance and form changes.
• Planning for Inflation Adjustments: 2026 Standard Deduction, AMT, and Gift Exclusion Insights — Significant inflation-indexed changes under the "One, Big, Beautiful Bill" for tax year 2026 offer new planning opportunities across standard deductions, AMT exemptions, and gift thresholds.
• How US Digital Asset Brokers Can Transition to Fully Electronic 1099-DA Statements — An upcoming IRS proposed regulation aims to ease burdens for brokers by allowing fully digital 1099-DA furnishing starting January 1, 2027 — here’s how to prepare.
• Compliance Deep Dive: Depreciation Limits for Passenger Vehicles in 2026 — Recent IRS guidance tightens depreciation limits on passenger vehicles—owners and lessees must know the new caps to avoid surprises.
• Entity Structuring for Digital Nomads: Navigating US Tax Compliance While Living Abroad — Digital nomads face unique challenges in entity choice and US compliance—forming the right structure abroad can reduce tax burdens and simplify filings.
• Maximizing Tax Savings with the One, Big, Beautiful Bill: Backup Withholding & 1099-K Thresholds — Proposed IRS regulations drastically change the rules around backup withholding and payment reporting for third-party networks—small sellers and platforms need to know whether the old $600 reporting trigger still applies.
• Compliance Guide: Backup Withholding & 1099-K After OBBB — Reporting obligations under the One, Big, Beautiful Bill for payment apps and third-party platforms introduce new thresholds—this guide shows what small businesses and individuals must do to stay compliant.
• Tax Planning in the Gig Economy: How OBBB Transforms Income, Tips & Depreciation — With the One, Big, Beautiful Bill (OBBB) in force, gig workers gain powerful new deductions and relief—this article walks through planning strategies to use them effectively without triggering unexpected tax hits.
• The Move to Electronic Payee Statements: What Employers and Brokers Need to Know under Notice 2026-4 — IRS Notice 2026-4 proposes changes to electronic furnishing of payee statements, affecting employers and brokers in how they deliver W-2s, 1099s, and digital asset statements.
• Optimize Your Tax Planning: Inflation Adjustments You Can Leverage in 2026 — The IRS has released inflation adjustments for 2026 that affect standard deductions, AMT exemptions, estate tax, and more—offering new planning windows for savers and retirees.
• How Digital Asset Reporting on Form 1099-DA Impacts Remote and Gig Workers in 2026 — New IRS final regulations now require brokers to issue Form 1099-DA for digital asset transactions, a change that significantly affects gig workers, remote contractors, and digital nomads.
• Compliance for 2025 Gig Workers: New Reporting & Back-Up Withholding Thresholds — The One, Big, Beautiful Bill ushers in important changes for gig earnings—Form 1099-K thresholds, backup withholding rules, and how digital platforms interact with payees.
• Navigating Trump Accounts: What Parents and Employers Need to Know Before July 2026 — Trump Accounts under the One, Big, Beautiful Bill create a child-centric retirement vehicle. This guide breaks down eligibility, contributions, and rules for setting them up.
• Maximizing the New Inflation Adjustments for Tax Year 2026: What You Need to Know — Substantial inflation indexing across standard deductions, estate tax exclusions, and retirement contributions offer new planning opportunities for 2026—here’s how to leverage them now.
• Avoiding Common Compliance Pitfalls in the 2026 Filing Season — With new laws from the One, Big, Beautiful Bill taking effect, compliance missteps can easily sneak in—learn what to watch out for when filing 2025 returns.
• Mastering Tax Year 2026 Inflation Adjustments: What Every Individual Needs to Know — Annual inflation adjustments are changing dozens of tax thresholds for 2026—discover what shifts will affect standard deductions, credits, and AMT to optimize your 2025 and 2026 tax planning.
• How Trump Accounts Work: A New Savings Tool for Eligible Children — Exploring the ins and outs of the proposed regulations for Trump Accounts, including who qualifies, how to open one, and what families need to do before the deadline.
• Counting on One, Big, Beautiful Bill Changes: A Guide for 2025-2026 Tax Planning — From no tax on tips and overtime to senior deductions and updated brackets, the One, Big, Beautiful Bill is transforming tax planning—this article helps you anticipate and optimize.
• What All Taxpayers Need to Know About Modernizing Payments Under EO 14247 — A sweeping executive order is transforming how the IRS and federal government handle incoming and outgoing payments—learn what’s changing now and how to stay ahead.
• How Tax-Pro Businesses Can Use the Expanded Tax Pro Account Tools in 2026 — The IRS has rolled out major upgrades to the Tax Pro Account that give tax firms more control over client authorizations and IRS interactions—key changes tax professionals won’t want to miss.
• Case Study: Entity Setup for Remote Entrepreneurs with U.S. Base and Abroad Work — For U.S. remote entrepreneurs working internationally, entity choice and tax domicile matter greatly—this case breaks down options for LLCs, partnerships, or S-corps when operating from overseas.
• Digital Assets and Forms 1099-DA: What Taxpayers & Brokers Need to Know — New reporting requirements and proposed regulations for digital asset transactions will change how brokers furnish 1099-DA statements—and how taxpayers report gains.
• Planning your taxes under the One, Big, Beautiful Bill: What changes for 2026 — Major deductions and credits have shifted under the ‘One, Big, Beautiful Bill’—here’s what individuals should plan for before filing their 2025 return and looking ahead to 2026.
• Entity Setup Best Practices: Choosing Between LLC, S Corp, or C Corp for Remote Services — Which business entity structure suits your remote service business best depends on taxes, liability, and how you expect to grow. This article breaks down criteria and case studies to help you decide.
• Digital Nomads & Foreign Income: Navigating FEIE, FTC, and Style Without a Civil War — For U.S. citizens and green card holders living abroad or embracing location independence, the Foreign Earned Income Exclusion and Foreign Tax Credit offer powerful tools—but only when you follow eligibility rules and document well.
• Maximizing Your Tax Benefits in 2026: The Game-Changing Deductions Under the One, Big, Beautiful Bill Act — Explore the newly available deductions and inflation adjustments under OBBBA that can substantially reduce your tax liability—and how to incorporate them into your 2025 and 2026 returns.
• Penalty Relief & RMDs: What Retirement Savers Need to Know Post-COVID & SECURE 2.0 Updates — New IRS rules ease penalties for disaster distributions and amend the timeline for required minimum distributions (RMDs) under SECURE 2.0—vital info for anyone with retirement accounts.
• Trump Accounts under the One, Big, Beautiful Bill: Opportunities & Key Compliance Tips — New savings vehicles called Trump Accounts start taking effect in 2026 for eligible children—learn how they work and what you need to do to benefit without missteps.
• How the 1099-DA Changes Affect Digital Asset Traders & Brokers (2025-26 Rules) — Digital asset brokers have new optional rules for furnishing 1099-DA statements electronically starting January 1, 2027—discover what that means for both brokers and traders.
• The Digital Nomad’s Guide to US Foreign Earned Income Exclusion for 2026 — If you’re a US citizen working abroad, big changes to Foreign Earned Income Exclusion (FEIE) and related thresholds in 2026 could shift your tax exposure significantly.
• Staying Compliant with New IRS Documentation Rules for Auto Loans, Tips & Overtime Deductions — New deductions under OBBB come with specific documentation rules—missteps risk disallowed claims. Learn what recordkeeping and eligibility criteria matter.
• How the One Big Beautiful Bill Retroactive Changes Affect Your 2025 Return — Several tax law changes under the One Big Beautiful Bill (OBBB) are retroactive to January 2025. Learn how these affect deductions, credits, withholding, and your 2025 tax bill.
• Digital Nomad Focus: Foreign Earned Income Exclusion Waivers for War-Affected Countries — New IRS policy adds several countries to the waiver list, so digital nomads forced to depart war-torn regions may still qualify for the foreign earned income exclusion.
• Compliance: Navigating Material Assistance Restrictions for Energy Tax Credits — New rules under the One, Big, Beautiful Bill require energy projects to avoid “prohibited foreign entity” assistance and follow interim safe harbors — here's how to stay compliant.
• Tax Planning: Leveraging the New Special Depreciation Allowance under the One, Big, Beautiful Bill — Businesses can now elect to take up to **100% depreciation** on certain production property placed in service after July 4, 2025 — here's how to make it work in your favor.
• Compliance Update: Navigating IRS Internal Revenue Bulletins in 2026 — The IRS has issued several Internal Revenue Bulletins this year affecting procedures like payee statement electronic furnishing, CAMT guidance, and TE/GE exam rules—essential compliance musts for professionals.
• Entity Setup and Entity Types Simplified: Choosing Between LLC, S-Corp, and C-Corp in 2026 — Setting up the right entity—LLC, S-Corp, or C-Corp—can reshape your taxes, liability, and growth potential. Here’s a clear comparison to help entrepreneurs choose wisely in 2026.
• Tax Strategies for Digital Nomads: Maximizing the Foreign Earned Income Exclusion & More — Digital nomads often overlook powerful tools like the Foreign Earned Income Exclusion (FEIE), tax treaties, and housing deductions—used properly, these can significantly reduce your U.S. tax bill.
• Compliance Alert: Corporate AMT & AFSI Adjustments under OBBB — Large corporations face new interim rules on Corporate AMT and AFSI under OBBB—understanding these now can prevent costly errors.
• Tax Planning for Seniors & Jobmers: Overtime, Auto Interest, & Standard Deduction — Recent law updates give seniors age 65+, tips, overtime, and auto loan interest exposure to new deductions—here’s how to plan now.
• How Creatives & Solopreneurs Can Leverage OBBB’s Backup Withholding Relief — New IRS proposed rules under the One, Big, Beautiful Bill change backup withholding thresholds – here's how creatives and solopreneurs can benefit and stay compliant.
• Planning for 2026 Inflation Adjustments: Smart Moves Under the One, Big, Beautiful Bill — With standard deductions and credit limits rising under the One, Big, Beautiful Bill, 2026 brings new opportunities for savings—learn how to adjust withholding, retirement contributions, and gifting strategies.
• Digital Assets & Brokers: What U.S. Taxpayers Need to Know About Form 1099-DA Reporting — IRS final regulations now require brokers to report gross proceeds and basis for many digital assets—learn who’s affected, when it applies, and how taxpayers can prepare.
• Tax Relief in Louisiana: Navigating Extended Deadlines After Severe Winter Storms — Louisiana taxpayers now have until March 31, 2026, to file most returns and pay taxes impacted by severe winter storms thanks to new IRS relief—here’s what qualifies, what doesn’t, and how to make the most of the postponement.
• Entity Setup & CAMT: What Corporations Should Know About New Requirements Under Tax Law — The Corporate Alternative Minimum Tax (CAMT) brings new obligations for large entities—especially around Adjusted Financial Statement Income (AFSI), accounting methods and transactions involving intangible property. Here's how corporations should prepare.
• Digital Nomad Tax Realities: Foreign Income & Remote Work in 2026 — For U.S. citizens working from abroad or as remote contractors, key changes like a higher Foreign Earned Income Exclusion and stricter Social Security number rules could alter your planning.
• Tax Deduction Breakdowns Under the One, Big, Beautiful Bill: Tips for Maximizing New Benefits — With the One, Big, Beautiful Bill rolling out sweeping tax benefits—from overtime and tip deductions to enhanced standard deductions—here’s how individuals can optimize their 2025 and 2026 filings.
• Entity Setup & Digital Assets: What Businesses Need to Know Post-OBBB — Businesses navigating entity formation and digital assets face evolving rules under OBBB; staying ahead of depreciation, CAMT, and broker reporting is essential.
• Compliance Tips: Filing and Withholding in the Wake of New IRS Rules — Recent IRS changes under the OBBB complicate withholding, reporting, and compliance—here’s how to meet your obligations and stay audit resilient.
• How the ‘One, Big, Beautiful Bill’ Transforms Deductions for Individuals in 2025-2026 — New deductions under the One, Big, Beautiful Bill (OBBB) offer taxpayer-friendly opportunities—understanding eligibility, limits, and practical claims can lead to big savings in the 2025-2026 tax time.
• Adoption & Child Tax Credit Updates for Family-oriented Digital Nomads — New law changes under the OBBB affect married status, Social Security number requirements, and adoption credits—key for nomadic families filing U.S. taxes from abroad.
• Key Compliance Shifts for Small Businesses Under the New 1099-K Rules — With the threshold for third-party payment reporting reverted, many small businesses must handle Form 1099-K and backup withholding differently this year—navigate who, when, and how to stay compliant.
• How the One, Big, Beautiful Bill Changes Bonus Depreciation Forever — Businesses can now take *100% bonus depreciation* on eligible property acquired after January 19, 2025—this article breaks down qualifications, elections, and strategies to maximize this powerful write-off.
• Compliance Case Study: Avoiding Excise Tax Traps in Fuel & Remittance Services — With enforcement changing under OBBB, businesses involved in fuel dyeing or remittance transfers face new excise tax liabilities—see how to stay compliant with recent changes.
• Entity Setup: Choosing the Right U.S. Business Structure in Light of the One, Big, Beautiful Bill — The One, Big, Beautiful Bill (OBBB) has introduced major shifts affecting business entity tax treatment—this article guides entrepreneurs through entity selection, comparing LLCs, S-corps, and C-corporations.
• How Digital Nomads Should Maximize the Foreign Earned Income Exclusion in 2026 — Digital nomad income has some tax relief in 2026—learn how to properly use the Foreign Earned Income Exclusion (FEIE), avoid pitfalls, and plan your income recognition across jurisdictions.
• Entity Setup Essentials: What U.S. Tribal Entities Need to Know Now — The IRS has recognized new rules expanding the tax status of tribal corporations—shedding light on tax parity for entities wholly owned by Indian tribes.
• Stay Compliant: Reporting Requirements & Voluntary Disclosure Updates — Recent voluntary disclosure proposals and new IRS rules highlight evolving compliance landscape—including voluntary participation and backup withholding.
• Compliance Alert: Proposed Regulations for Trump Accounts and How Families Should Prepare — Starting January 1, 2026, new proposed IRS rules define “Trump accounts”—partial child savings accounts under the One, Big, Beautiful Bill Act. Families with children need to understand eligibility, contributions, and upcoming deadlines.
• Navigating the New Prohibited Foreign Entity (PFE) Rules: A Tax Planning Guide for Developers Using Energy Tax Credits — Recent guidance under Notice 2026-15 introduces “material assistance” restrictions tied to foreign entities that could disqualify energy tax credits, urging energy project developers to reshape sourcing and component decisions.
• How the IRS’s Interim CAMT Guidance (Notice 2026-7) Changes How Large Corporations Plan for Alternative Minimum Tax — New guidance under Notice 2026-7 modifies how adjusted financial statement income (AFSI) is defined, giving multinationals and domestic corporations clearer rules to reduce exposure under the Corporate Alternative Minimum Tax (CAMT).
• Compliance Essentials: Understanding PFE Rules for Energy Tax Credits Under New OBBB Safe Harbors — New guidance under OBBB introduces safe harbor rules for “Prohibited Foreign Entities” (PFEs) affecting energy tax credits—understanding MACR and PFE definitions is critical to claim these credits safely.
• Digital Nomad Guide: Navigating US Tax Rules When You Travel Long-Term — Long-term travel doesn’t mean skipping tax obligations—US citizens and residents working abroad need to know the rules on foreign earned income exclusion, housing exclusion, and reporting.
• Tax Planning Under the One, Big, Beautiful Bill: Unlocking the 100% First-Year Depreciation Opportunity — Businesses acquiring qualifying property after January 19, 2025 under the One, Big, Beautiful Bill (OBBB) can now deduct **100% of the cost in the first year**, drastically altering asset recovery strategies.
• Cross-Border Tax Planning: Do Foreign Investors Still Qualify for U.S. Income Exemptions? — With new IRC §892 regulations now final, non-U.S. investors must rethink cross-border tax planning especially for entities holding U.S. securities or financial instruments.
• Navigating New RMD Deadline Changes and Grace Periods Under SECURE 2.0 — Changes to required minimum distribution regulations under employee plans now bring clearer deadlines and grace periods—critical for retirees and plan administrators.
• Strategic Entity Setup for Foreign Governments Investing in U.S. Securities — New IRS final regulations under IRC §892 clarify when foreign sovereign entities and controlled commercial entities are taxable in the U.S.—essential reading if you’re structuring cross-border investment vehicles.
• Digital Nomads and the U.S. Tax System: What’s New for 2025-2026 — With updates to foreign earned income exclusion, digital asset reporting, and new rules under OBBBA, digital nomads should reconsider income structuring and record-keeping strategies.
• What Employers Must Do: Compliance Update on Fringe Benefits and Reporting in 2026 — Learn about the new rules for fringe benefits, digital asset reporting, and information statement formats that businesses can’t ignore this year.
• Maximize Your Returns: Strategic Tax Planning in Light of OBBBA Changes — Discover how the One Big Beautiful Bill Act’s (OBBBA) inflation adjustments and new provisions for 2025–2026 can be leveraged for smarter tax planning.
• Estate & Gift Tax Exemption Jumps to $15 Million in 2026: What That Means for You — The One, Big, Beautiful Bill increases the federal estate and gift tax exemption to $15 million for 2026—potential strategies to keep in mind before the end of the year.
• Maximizing Health Savings: New HSA Eligibility Rules in 2026 — Thanks to the One, Big, Beautiful Bill, many more Americans can now contribute to Health Savings Accounts—even with bronze or catastrophic plans or telehealth coverage.
• How Not to Overpay Your IRS Penalties: Relief Under Section 1062 for Farmland Owners — Farmland owners and farmers can avoid hefty estimated tax penalties under the One, Big, Beautiful Bill by making the Section 1062 election — here’s how.
• Compliance Case Study: Calculating Segment Rates for Pension Plan Minimum Funding — An inside look at how employers must use corporate bond yield curves and average segment rates for plans under IRC § 430 and § 417 under recent IRS guidance.
• Entity Setup Insight: Leveraging the Special Depreciation Allowance for Qualified Production Property — For businesses setting up in manufacturing or production, the IRS interim guidance on 100% depreciation for qualified production property offers major setup advantages.
• Tax Planning Tips for Digital Nomads: Foreign Earned Income Exclusion & Housing Deductions — How digital nomads can leverage the updated Foreign Earned Income Exclusion and housing deductions for 2025–2026 to optimize their U.S. tax liability.
• Entity Setup Case Study: Structuring a Clean Fuel Facility to Leverage Section 45Z Credits — How a U.S. facility owner can use strategic setup to maximize Section 45Z clean fuel production credits under the One, Big, Beautiful Bill.
• What Digital Nomads Should Know About Foreign Earned Income Exclusion for 2026 Filing — Changes to the Foreign Earned Income Exclusion and its phase-outs mean digital nomads need to update their tax strategy for the 2026 filing season.
• Maximizing Deductions: The Enhanced Seniors Standard Deduction Under the One, Big, Beautiful Bill — Seniors have new deduction benefits for tax years 2025-2028—know who qualifies, how it phases out, and how to plan ahead to reduce your tax bill.
• How Tax Professionals Can Use the Updated Tax Pro Account Features to Streamline Client Management — Recent IRS upgrades to Tax Pro Account give businesses and firms new tools to manage client authorizations digitally—saving time, reducing paper, and improving control.
• Navigating the New Special Depreciation Rules for Qualified Production Property — A little-known change under the One, Big, Beautiful Bill lets businesses take a **100% special depreciation allowance** on qualified production property. Here's how to use it without tripping IRS guidance issues.
• Maximizing the Adoption Tax Credit After Recent IRS Changes — Recent changes to the adoption tax credit under the One, Big, Beautiful Bill have made it more valuable—especially for lower- and middle-income families. Here’s what’s new and how to benefit.
• How Dyed Fuel Excise Tax Refunds Now Work Under the One, Big, Beautiful Bill — New rules allow certain taxpayers to reclaim excise taxes paid erroneously on diesel or kerosene later dyed for nontaxable use — deadlines, eligibility, and filing advice.
• Avoiding Energy Credit Disqualification: Navigating Prohibited Foreign Entity Rules — Energy credits under OBBB now include strict PFE restrictions — understand material assistance ratios, safe harbors, and the timing of your project to preserve credits.
• Maximizing Depreciation: How Businesses Can Use the § 168(n) Allowance Under the One, Big, Beautiful Bill — Businesses acquiring production-property can claim a full first-year depreciation deduction under § 168(n) — here’s who qualifies, how it works, and what elections and recapture rules apply.
• Digital Nomads and Foreign Earned Income Exclusion: What’s Current in 2026 — With 2026 adjustments, digital nomads should understand standard deductions, foreign earned income exclusion, and changing AMT thresholds to optimize their U.S. tax burdens while abroad.
• Compliance Guide: Meeting the Proposed Regulations for Section 45Z Clean Fuel Credit — A practical compliance roadmap to navigate new documentation, registration, and emissions requirements under the IRS's proposed rules for clean fuel producers.
• Tax Planning Tips for Claiming the Expanded Clean Fuel Production Credit — Leverage the OBBB updates to Section 45Z to maximize tax credits for clean fuel production while avoiding pitfalls around feedstock sourcing, emissions accounting, and registration.
• Clean Fuel Production Credit: What Digital Nomads & Entrepreneurs in Greentech Should Know — Proposed IRS regulations on the Clean Fuel Production Credit may open new opportunities for clean energy producers and sustainability-minded entrepreneurs.
• Navigating IRS Tax Pro Account Enhancements: A Practical Guide for Firms and Professionals — The IRS has upgraded its Tax Pro Account to support firms and tax-prep businesses—here’s what changed and how you can leverage the new tools now.
• Maximizing Savings: How the Expanded Casualty Loss Deduction Under OBBB Helps More Taxpayers — Recent changes under the One Big Beautiful Bill mean that many more people qualify for deductions on casualty losses—here’s how to make the most of them.
• Corporate Alternative Minimum Tax (CAMT): What Entities Need to Know Now — With new interim guidance from Notice 2026-7, corporations with large financial statements face evolving CAMT rules; here’s how to assess liability and plan.
• Navigating New Rules for Paying the IRS and Getting Refunds: Electronic Payments & Paper Check Sunset — Paper checks are being phased out; here's what taxpayers need to know about switching to electronic payments and protecting refunds under Executive Order 14247.
• How ‘No Tax on Tips’ and ‘No Tax on Overtime’ Work Under the One, Big, Beautiful Bill — New deductions under the One, Big, Beautiful Bill let tip-earners and hourly workers use Form 1-A to reduce taxable income—this article walks through eligibility, examples, and pitfalls to avoid.
• Navigating CAMT Changes: Interim Guidance on Corporate Alternative Minimum Tax — Treasury and IRS expanded relief under CAMT with new interim rules—this article explains what businesses need to know to adjust their income-tax planning and financial reporting.
• Maximizing the Section 45Z Clean Fuel Production Credit in the New OBBB Era — With recent changes under the One, Big, Beautiful Bill, producers of clean transportation fuel face updated eligibility, emissions, and foreign entity requirements—this article breaks down what’s new and how to comply.
• What Digital Nomads Should Know About Clean Energy Credit Rules & U.S. Tax Credits under OBBB — New IRS guidance changes eligibility rules for clean energy and component manufacturing credits—if you're a remote worker or contractor abroad, these may affect how you invest or contract in U.S.-based energy tech.
• Navigating the CAMT: Interim Guidance for Corporations Under the Corporate Alternative Minimum Tax — For large corporations, the CAMT has introduced significant changes—recent interim guidance clarifies adjusted financial statement income, deductions, and how to comply until final regulations arrive.
• How Businesses Can Leverage the New Special Depreciation Allowance for Qualified Production Property — The One, Big, Beautiful Bill introduced a 100% special depreciation allowance for certain qualified production property—discover how to qualify, make the election, and avoid recapture issues.
• Entity Setup: Choosing a Business Structure Post-OBBB for Optimal Deduction Leverage — With the One, Big, Beautiful Bill reshaping depreciation, interest expense and production activity rules, selecting the right entity type can make big impacts—especially for businesses eyeing clean energy or manufacturing sectors.
• How the “One Big, Beautiful Bill” Impacts Digital Nomads’ Foreign Income — For U.S. expats and digital nomads, tax year 2025 brings key changes under the One, Big, Beautiful Bill Act—especially for foreign earned income exclusion, standard deduction, and filing obligations. Here’s what you need to know before your next return.
• What Digital Nomads Should Know About Payment Platforms and Reporting Thresholds — If you earn income via platform apps from abroad, recent IRS proposed rules may change when your payments trigger backup withholding or require reporting; here's how digital nomads can stay compliant.
• Avoiding Scams During Filing Season: The 2026 Dirty Dozen and Your Defense — Tax filing season brings risk: the IRS’s Dirty Dozen for 2026 highlights common and evolving scam tactics—learn to recognize, prevent, and report them to protect yourself.
• Mastering the OBBB Deductions: Tips, Overtime, Car Loans & Senior Benefits Explained — Learn how to maximize the new deductions under the One, Big, Beautiful Bill—from tips and overtime to car loans and senior benefits—and who qualifies.
• Structuring Income for Digital Nomads: How the Foreign Earned Income Exclusion & OBBB Provisions Intersect — Digital nomads can benefit from the updated foreign earned income exclusion and new deductions afforded by the One, Big, Beautiful Bill—here’s how to navigate the rules.
• Aligning Retirement Plan Distributions: What the Latest RMD Rule Changes Mean for Individuals — New guidance shifts the effective deadline for required minimum distribution regulations—here’s how to plan your retirement withdrawals accordingly.
• Maximizing the Special Depreciation Allowance under the One, Big, Beautiful Bill for US Businesses — Businesses can write off 100% of qualified production property immediately—learn how to identify qualifying assets and make the election before changes kick in.
• Voluntary Disclosure Practice: Facing Past Non-Compliance? New Proposal Changes Coming — If you've missed tax filings or disclosures, the IRS’s proposed updates to the Voluntary Disclosure Practice offer a structured route—but with strict rules. Here's what to know.
• Tax Planning Strategies Under the One, Big, Beautiful Bill: What Individuals Should Know — The One, Big, Beautiful Bill brings sweeping changes to deductions, credits, and inflation adjustments—this article breaks down how you can plan ahead.
• Protect Yourself: The IRS Dirty Dozen Scams for 2026 — Each tax season brings dangerous schemes. In 2026, the IRS’s fresh Dirty Dozen list adds new scams—get ahead of the threats to protect your money.
• Relocating While Working Remotely? U.S. Digital Nomads and New IRS Deductions — For U.S. remote workers crossing borders or toggling coasts, discover how the One Big Beautiful Bill deductions—tips, overtime, car loans—could apply while living abroad or between states.
• Stay Compliant with New Forms & Reporting Requirements under OBBB — Learn the updated obligations for employers, employees, and payors under OBBB—from reporting tips and overtime to enforcing new deduction rules while avoiding penalties.
• Maximizing Your Deductions Under the One Big Beautiful Bill (OBBB) — Explore how new deductions—no tax on tips, overtime, car loan interest, plus an enhanced senior deduction—can save you money in tax years 2025–2028 under OBBB.
• Tax Compliance Essentials for Estimated Payments: Relief under Section 1062 — If you’re making a Section 1062 election for farmland sales, new IRS rules ease penalties for underpaying estimated taxes — here’s how to meet the requirements and avoid surprises.
• Clean Fuel Production Credit: Opportunities & Obligations After §45Z Changes — Major revisions under the One, Big, Beautiful Bill reshape clean fuel tax credits — we break down what you need to know to benefit and stay compliant.
• Maximizing Depreciation with the New Special Allowance for Qualified Production Property — How businesses can leverage the One, Big, Beautiful Bill’s new depreciation rules to write off 100% of qualified production property costs — and the key criteria you need to meet.
• How to Claim Your Overtime, Tip, and Car Loan Deductions in 2025—OBBB’s New Forms — A new Schedule 1-A and updated Form 1040 instructions clarify how everyday workers can claim new deductions for overtime, tips, car loans, and senior enhanced deductions.
• Mastering Backup Withholding Thresholds Under the One, Big, Beautiful Bill — New proposed regulations raise backup withholding thresholds: learn how this change affects sellers, apps like PayPal, and taxpayers receiving frequent payments.
• Maximizing Deductions Under the One, Big, Beautiful Bill for 2026 — The One, Big, Beautiful Bill brings new deductions for overtime, car loan interest, tips, and enhanced senior standard deductions — learn how to claim them wisely in tax year 2026.
• How U.S. Taxpayers Can Navigate the Trump Accounts Pilot Program — Parents and guardians need to understand how to establish and benefit from Trump Accounts under the One, Big, Beautiful Bill — including the pilot program’s \$1,000 government contribution and new rules starting July 4, 2026.
• Choosing the Right Entity Setup If You’re Starting a Small Business Under New Tax Law — The OBBBA changed deductions, entity taxes, and standard deductions—this article helps small business owners decide what entity type is most strategic in 2026.
• Compliance Essentials for Employers after the One, Big, Beautiful Bill Act — New rules under P.L. 119-21 are changing what employers must track, report, and withhold—here’s your guide to staying on the right side for tax year 2025 and beyond.
• How Remote Workers Can Navigate the Foreign Earned Income Exclusion in 2026 — With the IRS’s latest inflation adjustments and new legislation, digital nomads face fresh opportunities—and pitfalls—when claiming the Foreign Earned Income Exclusion.
• Compliance Spotlight: Proposed Changes to the Voluntary Disclosure Practice (VDP) — IRS's proposed overhaul of its Voluntary Disclosure Practice promises clearer penalties, streamlined processes, and reduced criminal risk—what every non-compliant taxpayer should know.
• Entity Setup in the U.S.: Understanding Tribal Entities & Section 7701 Changes — Final IRS regulations clarify how wholly-owned Tribal entities and section 17/3 corporations are treated for tax purposes—crucial for structuring operations and avoiding unexpected tax liabilities.
• Digital Nomads and U.S. Taxation: What Expats Need to Know in 2026 — How the One, Big, Beautiful Bill impacts digital nomads—foreign earned income, reporting thresholds, deductions—and key steps to stay compliant while abroad.
• Digital Nomad Tax Essentials: Reporting Digital Assets and Gig Income in 2025 — For remote workers and nomads, the new laws in 2025 introduce expanded reporting on gig, digital platform, and crypto income—here’s everything international freelancers need to know.
• Navigating IRS Filing Season 2026: Compliance Tips & New Requirements — The 2026 filing season brings several new law changes and compliance risks—this guide weeds through what’s new, what must be reported, and how to meet obligations without triggering delays or audits.
• How the New Auto Loan Interest Deduction Alters Your 2025 Tax Strategy — The One, Big, Beautiful Bill introduces a new deduction for interest paid on auto loans—this article breaks down who qualifies, how much you can claim, and how to adjust your tax planning.
• Digital Nomads and U.S. Tax: What’s New in 2025-26 — Cross-border workers and remote nomads: key changes and planning opportunities for foreign earned income, HSAs, credits and filing distinctions.
• Compliance Checklist: Reporting Thresholds & Filing Changes for 2026 — Keep your books clean and avoid surprises—new thresholds, forms and rules that affect reporting, withholding and filings in the new tax season.
• 10 Key Tax Planning Moves Under the One, Big, Beautiful Bill — How individuals and businesses can optimize deductions, credits, and depreciation under the sweeping One, Big, Beautiful Bill legislation.
• Digital Nomads Abroad: Leveraging Foreign Earned Income Exclusion in 2026 — For Americans working abroad, key changes in 2026—especially inflation adjustments and new exclusion limits—can make a big difference; here’s how to stay compliant and save.
• Understanding the New Backup Withholding Thresholds for Payment Apps After OBBB — The One, Big, Beautiful Bill changes Form 1099-K and backup withholding rules—learn how thresholds have shifted and what sellers and platforms need to report.
• Maximize Depreciation Under the New First-Year Rule: What Businesses Need to Know — The One, Big, Beautiful Bill Act permanently restores a **100% additional first-year depreciation** deduction for qualified property—learn how to qualify, make elections, and avoid missteps.
• Tax Planning Strategy: Leveraging the One, Big, Beautiful Bill for Clean Energy Credits Before Termination — Several energy incentives under the recent OBBB law are ending soon — here's how to plan purchases or installations now to maximize credits while you still can.
• Compliance Insights: Relief from Penalties Under Notice 2026-3 for Farmland Sale Elections — Recent guidance from the IRS introduces relief for estimated tax penalties related to farmland sales under section 1062 — a crucial compliance update for farmers and landowners.
• How U.S. Digital Nomads Can Maximize the Foreign Earned Income Exclusion in 2026 — With the increase in the Foreign Earned Income Exclusion (FEIE) for 2026, digital nomads have fresh opportunities — but only if they know the rules and requirements.
• Compliance Essentials for Businesses: Modernizing Payments & Paid Family Leave Updates — From new electronic payment mandates to how states with Paid Family and Medical Leave should report benefits—businesses need to stay compliant in several evolving areas in 2026.
• Maximizing Tax Savings with the One, Big, Beautiful Bill: Key Planning Moves for 2026 — New inflation adjustments and law changes from the One, Big, Beautiful Bill offer fresh planning opportunities—especially for families, high-earners, and small businesses.
• Digital Nomads & the U.S. Tax Code: What’s New in 2025-26 — Work abroad or travel heavy? These recent updates affect digital nomads—everything from foreign earned income exclusion to residency tests and HSA eligibility.
• Compliance Deep Dive: Three New IRS Rules That Mean You Must Update Tax Processes Now — Compliance obligations under recent IRS policies have shifted: new rules on VDP, depreciation, and retirement plan notices demand immediate attention for tax professionals and businesses.
• Navigating the One, Big, Beautiful Bill: Tax Planning Moves for 2026 — The One, Big, Beautiful Bill (OBBB) ushers in sweeping tax changes for 2025–26. Learn which new deductions, exclusions, and credits you can capitalize on this season.
• Opportunity Zones & Rural Real Estate Under the One, Big, Beautiful Bill — New changes make investing in rural Opportunity Zones more attractive—lower improvement thresholds, tax benefits for sales of farmland, and tax treatment for lenders in rural areas.
• Digital Payments & Electronic Refunds: Preparing for IRS’s Phase-Out of Checks — IRS is accelerating modernization: starting **September 30, 2025**, paper tax refund checks are being phased out, and over time paper payments to IRS will be limited. Here’s how individuals and businesses can make sure they’re ready.
• How Tax Professionals Can Use IRS’s Expanded Tax Pro Account to Streamline Authorizations — With recent IRS enhancements, businesses that prepare others’ taxes now get more control and efficiency via the Tax Pro Account. Here's what tax firms need to know and how to use the new features now.
• Avoiding Surprises: Compliance Under the Backup Withholding Threshold Changes — The backup withholding rules under OBBB are shifting to higher thresholds—what this means for sellers, platforms, and individual reporting.
• Trump Accounts: What Parents, Employers, and Tax Professionals Need to Know — New retirement-savings accounts for children are coming: here’s how Trump Accounts work, key deadlines, contribution rules, and potential tax strategies.
• Maximizing Depreciation Deductions Under the One, Big, Beautiful Bill — Understanding how the permanent 100% first-year depreciation option under the OBBB can save businesses big, with examples of eligible property and elections.
• Relief for Farmland Sales: How the Section 1062 Estimated Tax Waiver Impacts Farmers — Farmers eligible under Section 1062 can now take advantage of IRS relief for estimated tax penalties on qualified farmland sales—understand the conditions, how to elect, and benefits.
• Navigating the Clean Fuel Production Credit: Proposed Regulations Explained — Businesses producing clean transportation fuel now have sharp new rules under proposed IRS regulations—see what qualifies, what’s restricted, and how to prepare comments.
• Maximizing Clean Energy Credits Before Expiration: What Individuals & Businesses Need to Know — Significant clean energy tax incentives under the “One, Big, Beautiful Bill” are ending soon—learn what qualifies, what deadlines matter, and how to act now to preserve these savings.
• Compliance Alert: Backup Withholding Changes That Impact Payment App Users — The recent proposed regulations significantly raise the threshold for backup withholding under OBBB—what app-based earners and platforms must know now.
• Entity Setup: Choosing the Right Business Structure Under the New 100% Bonus Depreciation Rules — With OBBB's sweeping depreciation changes, some business structures benefit more than others—learn which entity type maximizes the 100% first‐year depreciation deduction.
• How Digital Nomads Must Navigate the Foreign Earned Income Exclusion After the One, Big, Beautiful Bill — Recent changes under the One, Big, Beautiful Bill unlock new thresholds but bring complexity for nomads – here’s how to maximize benefits without missteps.
• Managing Taxes as a U.S. Digital Nomad Post-OBBB — New exemptions, exclusions, and thresholds under recent U.S. tax law affect U.S. citizens living abroad—here’s what digital nomads need to know.
• Compliance Challenges & Best Practices for U.S. Tax Professionals in 2026 — Recent IRS policy changes require tax professionals to adapt rapidly—this article outlines key compliance milestones and actionable best practices.
• Tax Planning Strategies Under the One, Big, Beautiful Bill: What to Know for 2026 — With sweeping tax reforms now in effect under the One, Big, Beautiful Bill (OBBB), taxpayers have new opportunities—and challenges—for planning income, deductions, and credits in 2026.
• How to Structure Your Business Entity After the One, Big, Beautiful Bill — Entity-owners, especially in pass-throughs or foreign contexts, must review how recent statutory reforms affect entity taxation and deductions under OBBB.
• Key Compliance Priorities for the ROI Filing Season Post One, Big, Beautiful Bill — With the One, Big, Beautiful Bill changing deductions, exemptions, and reporting thresholds, here’s what U.S. taxpayers must know now to comply and avoid penalties.
• Maximizing the Foreign Earned Income Exclusion in 2026: A Digital Nomad’s Guide — Learn how to use the updated foreign earned income exclusion rules, inflation adjustments, and timing tests to your advantage when living and working abroad in 2026.
• Case Study: A Digital Nomad’s Strategy for Entity Setup and Tax Residency in USA — How a digital nomad can structure their US entity and navigate residency and taxation to optimize tax outcomes while working globally.
• Compliance Checklist: Digital Assets Reporting Changes You Can’t Ignore in 2025/2026 — New rules around digital assets, Form 1099-DA, and broker reporting are shifting the compliance landscape—this guide helps you avoid common pitfalls.
• How the One, Big, Beautiful Bill Enhances Tax Planning with New Deductions for Tips, Overtime, and Seniors — Discover how the OBBB Act introduces deductions for qualified tips and overtime, plus a senior-specific deduction — and how to plan your income to benefit.
• Digital Nomad Essentials: Reporting Digital Assets & Foreign Income in 2025-2026 — US expats and remote workers face evolving IRS rules—most notably the foreign earned income exclusion and digital asset reporting requirements.
• Navigating the New Deduction for Overtime & Tips Under the One, Big, Beautiful Bill — Millions of service and hourly workers now have relief from federal tax on certain overtime and tip earnings—here’s how to make sure you benefit fully this season.
• Maximizing Value with the 2026 Standard Deduction & Foreign Earned Income Exclusion — With inflation-adjusted amounts for 2026 rising significantly, several taxpayers can gain underutilized deductions and exclusions—especially expats and those filing jointly.
• Compliance Update: New Rules for Deducting Tips, Overtime, and Backup Withholding under OBBB — The One Big Beautiful Bill has introduced sweeping compliance changes affecting tip and overtime deductions and revised thresholds for backup withholding—businesses and individuals need to adjust now.
• Tax Planning Tips: How to Maximize the New Enhanced Deduction for Seniors Under OBBB — Seniors now have access to an entirely new deduction thanks to the One Big Beautiful Bill—here’s how to make sure you're fully leveraging it when you file your 2025 tax return.
• How U.S. Individuals Should Adjust for Inflationary Changes in the 2026 Tax Code — Annual inflation adjustments under the 2026 tax law change many thresholds—standard deduction, AMT, estate & gift limits—and taxpayers must update their planning accordingly.
• Entity Setup Strategies in the U.S. Post-OBBB: What Small Businesses Must Know — New rules under the One, Big, Beautiful Bill mean changes to choice of entity, accounting methods, and eligibility tests affecting small businesses starting 2025-26.
• Making the Most of the Foreign Earned Income Exclusion for Digital Nomads — How U.S. expats and frequent travelers can legally minimize U.S. taxes using the Foreign Earned Income Exclusion (FEIE)—updated limits and actionable advice for 2025-26.
• Modern Payment Trends & IRS’s Paper-Check Phase-Out: Digital Nomads Take Note — The IRS is phasing out paper checks and expanding digital payment channels beginning 2025-2026—impacts those who live and work abroad or lack U.S. banking ties.
• Compliance under Digital Assets: Reporting Obligations & De Minimis Rules in 2026 — Digital assets are no longer fringe—they’re central to tax compliance. New rules clarify reporting, basis determination, and de minimis exceptions for certain transactions.
• Tax Planning Strategies Under the One Big Beautiful Bill Act: What You Need to Know Now — With sweeping changes under the One Big Beautiful Bill (OBBB), individuals and businesses can unlock deductions and adjust withholding—only if they act by understanding the timing and thresholds.
• Maximizing Credits If You’re a Digital Nomad Under New IRS Rules — Learn how recent U.S. tax changes affect digital nomads—foreign earned income exclusion, entity setup, and energy credits—as well as how to remain compliant while working across borders.
• Ensuring Compliance: IRS Updates on Clean Fuel Credits & Material Assistance Rules — New proposed regulations from the IRS clarify eligibility and rules for clean-fuel production credits, especially related to feedstock origin and foreign entities—critical for businesses in energy sectors.
• Leveraging the One, Big, Beautiful Bill for Your 2026 Tax Planning — Discover critical tax-law changes under the One, Big, Beautiful Bill (OBBB) that taxpayers must know to plan smartly for 2026—including standard deductions, credit expansions, and clean energy deadlines.
• Planning Ahead: Inflation Adjustments & Key OBBB Changes for Small Businesses and Freelancers in 2026 — Small business owners and freelancers should know the 2026 inflation adjustments and OBBB enhancements—how higher thresholds and deductions can reduce tax burden this filing season.
• Compliance Checklist: Backup Withholding Thresholds and Digital Reporting under OBBB — Ensure your business or online platform meets the new reporting and backup withholding thresholds under the OBBB to avoid penalties when using third-party networks.
• Maximizing Deductions for Tips and Overtime Under the One, Big, Beautiful Bill — Discover who qualifies and how to claim new deductions for tips and overtime introduced in 2025 by the OBBB to lower taxable income—with examples to guide you for tax years 2025-2028.
• Digital Nomads and the Foreign Earned Income Exclusion in 2026: What’s Changed — The Foreign Earned Income Exclusion (FEIE) has risen for tax year 2026, offering greater shelter for Americans living abroad—but the rules around residence, physical presence, and community tax treaties still matter.
• Staying Compliant: New Retirement Contribution Limits and 415(b)/(c) Updates for 2026 — Retirement plan contribution ceilings have increased for 2026 under section 415(b) & (c), affecting employer and individual planning. Understanding the updated limits and timing is vital.
• Smart Moves: Planning Around the Expanded First-Year Depreciation Provision — The One, Big, Beautiful Bill permanently boosts first-year depreciation to **100%**, affecting acquisitions after January 19, 2025. Businesses need to recalibrate asset purchases, budgets, and accounting practices.
• How to Update Your Withholding for 2025 Under the One, Big, Beautiful Bill — With several new deductions and increased standard deductions effective in 2025, updating your paycheck withholding correctly is essential to avoid surprises at tax time.
• Retirement Contribution Limits & Standard Deduction Rises: What Savers Need to Know for 2026 — The One, Big, Beautiful Bill raises retirement contribution limits and standard deductions for 2026—here’s how to plan and make catch-ups count.
• Maximizing Your Reimbursements: Understanding the Tips & Overtime Deductions Under the One, Big, Beautiful Bill — With deductions for tips and overtime now codified in the One, Big, Beautiful Bill, workers can significantly reduce taxable income if they understand qualifications and limits.
• Interest Rates & Return of Overpayments: What the IRS Rates Mean for Late Filers and Refund Seekers — IRS confirmed that interest rates for overpayments and underpayments will stay **constant** going into 2026 – what that means for you if you owe or are due money.
• Understanding the New “Tips & Overtime” Deductions Under the One, Big, Beautiful Bill — IRS guidance brought in new deductions for qualified tips and overtime in 2025-2028—this article breaks down how they work with real examples.
• Maximizing Retirement Savings: 2026 Contribution Limit Changes You Need to Know — Updated IRS limits for 401(k), IRA, SIMPLE plans, and Saver’s Credit eligibility are here—understand how these affect your 2026 savings strategy.
• Entity Setup Considerations for Investment Funds under Proposed QIE Regulations — New proposed regulations change how Qualified Investment Entities are treated — this has meaningful impacts on ownership structure, investor makeup, and U.S. real property holdings.
• Compliance Checklist for US Employers under the One, Big, Beautiful Bill — Employers need to navigate major compliance shifts under the One, Big, Beautiful Bill—this article lays out exact reporting, systems, and documentation steps to stay on the right side.
• Navigating the One, Big, Beautiful Bill: Overtime & Car Loan Interest Deductions Simplified — Understanding the new One, Big, Beautiful Bill Act (OBBB) deductions on **qualified overtime pay** and **personal vehicle loan interest** can unlock meaningful tax savings. This article covers who qualifies, how to claim, and what employers/lenders need to do.
• One, Big, Beautiful Bill: Transition Relief for Employer Reporting of Tips & Overtime — For tax year 2025 only, employers have relief from penalties under new reporting rules for tips and qualified overtime—how to comply and what’s expected next.
• Preparing for IRS Phase-Out of Paper Refund Checks: What Taxpayers Need to Know — Starting Sept 30, 2025, paper refund checks from the IRS for individuals largely disappear—here’s how to ensure you still receive your refund swiftly and securely.
• How Digital Asset Trusts Can Stake Without Losing Grantor or Investment-Trust Status — New IRS safe harbor allows trusts to stake digital assets while maintaining their tax classifications—here’s what trustees need to know and how to act by the deadline.
• Compliance Essentials for Employers: Penalty Relief and Reporting Under OBBB for 2025 — Employers face new reporting requirements under the OBBB Act for tips, overtime, and car loan interest in tax year 2025 — but see how recent IRS guidance offers relief and a path to compliance.
• Digital Asset Trusts & Safe Harbor Rules: What Trust Settlers Must Know in 2025 — A newly released IRS revenue procedure sets clear safe harbor rules for trusts that want to stake digital assets. Here’s how to stay compliant and preserve trust status.
• How the 2026 Inflation Adjustments Under the One, Big, Beautiful Bill Affect Everyday Tax Planning — Key changes for 2026 from the IRS infl ation adjustments under the OBBB Act — from new standard deductions to enhanced credits — that should guide your tax planning before filing season.
• Digital Nomad Essentials: Foreign Earned Income Exclusion and Standard Deduction Shifts for 2026 — Remote workers abroad face changes in 2026—the foreign income exclusion shifts and standard deduction tweaks may reshape your strategy; here’s how digital nomads can adjust expenses, housing tests, and tax exposure.
• Compliance Playbook: Navigating Excise Penalties Under the New Remittance Transfer Tax — Starting January 1, 2026, providers collecting remittance transfers face a 1% excise tax—with new IRS relief for initial quarters—this guide walks through the rules, deadlines, and what you must do to stay compliant.
• Maximizing Your Savings: Tax Planning with the Upcoming 2026 Inflation Adjustments — Key inflation-driven changes are coming in tax year 2026—this article shows how to leverage them now through smart withholding, retirement contributions, and deductions so you're not caught off guard.
• Compliance Checklist for Employers: Reporting Overtime and Tips under OBBB — The OBBB introduces new information reporting requirements—with transitional relief for employers—making it critical to understand what must be reported in 2025 vs. when enforcement begins.
• Entity Setup: Choosing the Right Business Structure in Light of New Inflation Adjustments — With the IRS’ 2026 inflation-adjusted thresholds under OBBB, choosing your business entity affects taxes more than ever—here’s what to consider for S-Corps, LLCs, and more.
• How to Make the Most of the “No Tax on Tips” Provision Under OBBB — This article explains the new deduction rules for tips under the One, Big, Beautiful Bill (OBBB), helping service workers understand what qualifies and how to claim it.
• Compliance Checklist: Navigating Reporting Requirements Under OBBBBA — The One, Big, Beautiful Bill introduces multiple new reporting obligations—tips, overtime, vehicle loan interest, remittance taxes—all with transition relief and phase-ins. Use this checklist to stay compliant.
• Planning for New Deductions Under the One, Big, Beautiful Bill — With OBBBBA now law, individuals can begin using new deductions—tips, overtime, car loan interest, and for seniors—plus increased standard deductions and child tax credit amounts. This article explains how to plan around them.
• 2026 Retirement Contribution Limits Increase: Planning Tips for Savers — With new higher limits on 401(k) and IRA contributions for 2026, savers have opportunities to boost their tax-defensest and set themselves up for better retirement outcomes.
• End of Paper Refunds: What Every Taxpayer Needs Before Sept. 30, 2025 — The IRS will phase out paper refund checks starting September 30, 2025 due to a new executive order. Here's what taxpayers should do now to avoid delays.
• Maximizing the New No-Tax-on-Tips Deduction Under OBBB: What Tipped Workers Should Know — Under the One, Big, Beautiful Bill (OBBB), tipped workers finally get relief: a deduction for qualified tips that may significantly reduce their tax liability. Here’s how to benefit, documentation required, and what limitations to expect.
• 401(k), IRAs & Interest Rates: Planning Moves for Digital Nomads in 2026 — For nomads earning abroad, new retirement limits and interest-rate rules offer both challenges and opportunity—learn how to leverage them globally.
• Navigating Penalty Relief for Reporting Overtime & Tips Under the New Law — Recent IRS guidance grants penalty relief to employers for reporting tips and overtime in tax year 2025—find out how to stay compliant without getting penalized.
• Leveraging 2026 Retirement Contribution Limits for Smarter Tax Planning — The IRS has announced new contribution limits for retirement plans in 2026—this article shows how to optimize contributions now for maximal tax benefit.
• Entity Setup Strategies for Digital Nomads Moving Between States — As digital nomads relocate across U.S. states, entity selection and structure can significantly impact your tax exposure—this article explores choosing between LLCs, S-corps, and more.
• 2026 Retirement Contribution Limits: What You Must Know for 401(k)s & IRAs — IRS has increased the contribution limits for 401(k)s and IRAs for tax year 2026—here’s how these changes affect savings strategies and compliance.
• Leveraging Overtime & Tips Deductions Under the One Big Beautiful Bill — New IRS guidance allows individuals to claim information reporting deductions for tips and qualified overtime pay in 2025—here’s how to plan now to maximize the benefits.
• Case Study: A Digital Nomad Using the Foreign Earned Income Exclusion in 2026 — Meet Sara, a remote worker overseas—this case study explores how 2026 inflation adjustments and tax treaties affect her strategies using the foreign earned income exclusion under the One, Big, Beautiful Bill.
• How to Handle the New Car Loan Interest Reporting Requirement Under OBBB — The One, Big, Beautiful Bill added rules for reporting car loan interest on qualified passenger vehicles. Here's what lenders, businesses, and individual borrowers need to know.
• Maximizing Your 2026 Inflation Adjustments: Key Changes Under the One, Big, Beautiful Bill — The IRS has released inflation-adjusted amounts for 2026 affecting standard deductions, tax brackets, and several credits—this article helps you plan where to adjust withholding, charitable giving, or business deposits.
• How Digital Nomads Should Navigate IRS Changes on Digital Asset Reporting & Backup Withholding — New IRS notices provide transitional relief for digital asset brokers and backup withholding—critical for U.S. residents living abroad or nomads trading crypto.
• Employer Obligations Under the “One, Big, Beautiful Bill”: Tips & Overtime Reporting — New guidance explains employers’ obligations for reporting cash tips and qualified overtime under recent legislation—key compliance moves employers must know.
• Maximizing Retirement Savings: Understanding 401(k) & IRA Limit Increases for 2026 — New IRS announcements signal higher contribution limits for retirement accounts in 2026—this article explores what’s changed and how to plan accordingly.
• Entity Guidance: Reporting Car Loan Interest Under OBBB for Businesses — Businesses that lend or finance auto loans under the OBBB have new reporting obligations for 2025, and the IRS has issued transitional relief—key for lenders and dealerships.
• Compliance Risks and Relief: Navigating New Reporting for Tips & Overtime — New reporting mandates under the OBBB introduced in 2025 bring risk—but the IRS is offering temporary penalty relief under Notice 2025-62.
• Planning Ahead: 2026 Inflation Adjustments You Need to Know — Learn how recent inflation adjustments under the One, Big, Beautiful Bill will affect your tax brackets, standard deductions, and credits for 2026 — and how to plan now.
• Case Study: Structuring a Small Business Entity for Cross-Border Clients — How one U.S. freelancer built an LLC serving global clients and minimized tax leakage—this case study offers replicable entity setup insights.
• Digital Nomad Guide: U.S. Residency Tests and Tax Implications for 2025 — For digital nomads traveling or living abroad, understanding U.S. residency tests and foreign income rules is critical—this article navigates these rules with actionable planning strategies.
• Navigating New Penalty Relief Under the “One, Big, Beautiful Bill” Reporting Requirements — Employers have new temporary relief in 2025 for failing to separately report cash tips and qualified overtime under the OBBB; here’s what this means in practice for payroll management.
• New Tax Break for Lenders: Excluding 25% of Interest on Rural Property Loans — Lenders making loans secured by rural or agricultural real property now have guidance to exclude 25% of interest income—eligible definitions and refinancings clarified.
• Safe Harbor for Digital Asset Trusts: How Trusts Can Stake Without Losing Tax Treatment — Trusts that invest in digital assets can now stake those assets under a safe harbor without jeopardizing their classification as investment or grantor trusts—here’s how to qualify.
• How the One, Big, Beautiful Bill Empowers Tipped and Overtime Workers with New Deductions — Workers now have fresh deductions available if they receive tips or qualified overtime—understanding how to claim them properly can yield substantial savings.
• Structuring the Right Entity: Entity Setup Tips for Small Businesses Navigating OBBB Changes — Selecting or adjusting business entity structure in light of OBBB’s new inflation indexing, deductions, and provisions can yield major tax savings—here’s how.
• Compliance Challenges: Reporting Tips & Overtime under the One, Big, Beautiful Bill for Tax Year 2025 — New reporting rules for tips and overtime under OBBB have compliance timelines and penalty relief—learn what employers need to know before year-end.
• Making the Most of the New 2026 Inflation Adjustments under the One, Big, Beautiful Bill — With 2026 tax brackets, deductions, and credits updated under the One, Big, Beautiful Bill, taxpayers need to understand what changed and how to leverage these adjustments.
• 1099-K & Information Reporting Thresholds: What Gig-Workers Need to Know — Recent IRS changes under the One, Big, Beautiful Bill reset the 1099-K threshold to $20,000 and 200 transactions. Gig-workers, platforms, and sellers must understand what triggers reporting.
• Maximizing Your 2025 Deductions: Tips, Overtime & Car Loan Interest Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill introduces major tax deductions starting 2025: from qualified tips and overtime to car loan interest. Here’s how to make sure you’re eligible and claim all benefits.
• Digital Nomads & Foreign Income: What the Foreign Earned Income Exclusion 2026 Means for You — The foreign earned income exclusion is rising—learn how this impacts nomads earning abroad, how to qualify under the physical or bona fide residence tests, and when tax treaties or self-employment tax still apply.
• Compliance Checklist: New Reporting and Penalty Relief under the One, Big, Beautiful Bill — New reporting duties and relief provisions under OBBB impact how and when you file—including Form 1099-K, vehicle loan interest, tips and overtime reporting—and which penalties may be waived if you're compliant.
• What the 2026 Inflation Adjustments Mean for Your Tax Planning — The IRS's newly released adjustments for tax year 2026 under the One, Big, Beautiful Bill bring do-not-miss changes that could reshape your planning strategy—especially for deductions, credit eligibility, and tax bracket positioning.
• Structuring Your Entity or Freelance Setup as a Digital Nomad: US Options and Implications — For digital nomads working across borders, choosing the right business structure influences tax obligations, reporting, and liability—this article demystifies entity types and key considerations.
• Complying with IRS Reporting Changes for Car Loan Interest & Senior Deductions under OBBBA — New laws now allow deductions for car loan interest and provide extra benefits for seniors—but both come with specific reporting and eligibility criteria. Stay compliant by knowing the rules.
• Maximizing Tax Deductions Under the One, Big, Beautiful Bill Act: Tips & Overtime Explained — Understanding how the new deductions for qualified tips and overtime work is essential now that the law has passed—this article breaks down eligibility, calculations, and strategies to take advantage of them.
• Opportunity Zones in Rural America: Reduced Barriers & New Investment Incentives — Investing in Qualified Opportunity Zones (QOZs) now offers stronger incentives for rural areas under OBBB—learn how the rules are eased to attract more capital outside major metros.
• Penalty Relief for Remittance Providers: What Businesses Need to Know Beginning 2026 — The IRS is offering relief from certain penalties for early missteps under the new remittance transfer tax—this will be crucial for providers navigating new reporting requirements.
• Mastering Tax Withholding Adjustments Under the One, Big, Beautiful Bill (OBBB) in 2025 — New deductions and adjusted thresholds under the One, Big, Beautiful Bill are set to reshape how employees update their withholding—this article guides you through the changes and how to proactively adapt.
• Digital Nomads & Foreign Earned Income Exclusion in 2025: What’s Changed — Digital nomads should note updates in 2025 to the Foreign Earned Income Exclusion (FEIE) housing limits, inflation adjustments, and IRS guidance—key for structuring stay durations abroad and tax payments.
• Compliance Checklist: Reporting Car Loan Interest & Remittance Tax under OBBB — Due to new laws under the One, Big, Beautiful Bill, lenders and remittance transfer providers face fresh reporting burdens and excise‐tax compliance; this guide helps stay ahead before deadlines bite.
• Maximizing Benefits Under the One, Big, Beautiful Bill: Planning Moves for 2025 — The One, Big, Beautiful Bill (OBBB) introduces sweeping changes that will significantly affect deductions, tax brackets, and credits—making 2025 a critical year for strategic planning to optimize your tax position.
• Digital Nomads & U.S. Taxes: Understanding Transient Worker Status under Recent IRS Rules — For digital nomads with fluctuating work locations and mixed income sources, the IRS’s latest Notice on housing limits and changes to reporting thresholds is critical—learn what rules apply and how to stay tax‐efficient.
• IRS Compliance Spotlight: Penalty Relief & Reporting Transitions under OBBB in 2025 — The IRS has rolled out multiple reliefs and transition rules for employers and payors to ease into the new One, Big, Beautiful Bill reporting requirements—learn what’s changing and how to stay compliant without surprises.
• How to Plan Around the New Overtime and Car-Loan Interest Deductions under the ‘One, Big, Beautiful Bill’ — Discover how taxpayers can leverage two significant new deductions—qualified overtime compensation and car loan interest—to reduce taxable income for 2025 through 2028, especially if you’re a high‐earner or frequently work overtime.
• Compliance Case Study: Navigating Remittance Transfer Tax & Penalty Relief under OBBB — A deep dive into the remittance transfer tax’s new requirements and relief provisions, showing how remittance-transfer providers can stay compliant yet minimize risk.
• Entity Setup Strategy: Choosing Between LLC vs S Corporation under New Tax Year 2026 Rules — As tax brackets, standard deductions, and AMT exemptions update for 2026, your choice of entity structure—LLC or S Corporation—can make a big difference in self-employment and payroll tax exposure.
• Smart Tax Moves for Digital Nomads: How the One, Big, Beautiful Bill Affects Foreign Earned Income Exclusion & Filing Rules — Digital nomads need to understand how recent U.S. tax changes under the One, Big, Beautiful Bill (OBBB) shift the rules around foreign earned income exclusions, withholding, and applicable deductions.
• Entity Setup Case Study: Using Car Loan Interest Deduction Under New Reporting Rules — Businesses and individuals financed with car loans now have new reporting and deduction opportunities; this case study shows how both parties can navigate 6050AA transitional rules.
• Transitioning Trusts with Digital Assets: Safe Harbor Rules Explained — Trusts holding or staking digital assets face uncertainty under US tax law—new safe harbor guidance clarifies how to retain investment-trust and grantor-trust status.
• How No Tax on Tips and Overtime Is Shaping Worker Filings for 2025 — New deductions under the "One, Big, Beautiful Bill" give tipped workers and overtime earners a chance to reclaim part of their income—but many won’t have employer returns perfectly aligned yet.
• Remittance Transfer Tax in the OBBB Act: Relief, Deadlines, and Preparation for Providers — A new 1% remittance excise tax starts January 1, 2026 — providers get limited penalty relief for 2026’s first three quarters, but must act now to comply with deposits and reporting.
• IRS Phase-Out of Paper Refund Checks: What You Must Know Now — Beginning September 30, 2025, most tax refunds will no longer be issued by paper check—secure your refund and avoid delays by moving to electronic methods before the change impacts you.
• How the IRS Inflation Adjustments for 2026 Affect Your Standard Deduction and Credits — For tax year 2026, the One, Big, Beautiful Bill and IRS inflation adjustments bring significant changes to standard deductions, credits, and thresholds—find out what these mean for your tax planning.
• Entity Setup Strategy: How Dual Consolidated Loss and Disregarded Payment Loss Rules Will Shape Your Holdings — Keep ahead of proposed IRS rules that could shift how dual consolidated losses and disregarded payments are treated—critical for international corporate groups with U.S. connections.
• Running Your Digital Nomad Setup? Key Foreign Earned Income Rules Updated for War or Civil Unrest — IRS added countries like Ukraine, Iraq, Haiti, and Bangladesh to the list where departures during conflicts allow you to still qualify for the foreign earned income exclusion—huge for nomads displaced by adverse conditions.
• How Recent U.S. Accounting Method Changes for R&D Expenses Impact Your Business — New IRS revenue procedures mean most research and experimental (R&E) expenses must now be amortized—understanding these shifts is critical to minimize tax burdens.
• Digital Nomads & OBBB: What U.S. Expats Need to Know in 2025-2026 — Digital nomads face changing U.S. rules under OBBB — new deductions, exclusions, and inflation adjustments may alter your U.S. tax liabilities while abroad.
• Compliance Guide for Employers: OBBB Reporting of Tips, Overtime, and Car Loan Interest — Employers face new information reporting duties under OBBB — getting ahead of these changes now ensures compliance and avoids penalties down the road.
• Tax Planning with OBBB: Maximizing Standard Deduction & Credits for 2026 — With the One, Big, Beautiful Bill’s inflation adjustments for tax year 2026, many taxpayers should revisit their planning to optimize standard deductions, child credits, and more.
• Farm & Rural Real Property Loans Under OBBB: Tax Benefit for Lenders Explained — New law under the OBBB Act allows lenders making loans secured by rural or agricultural property to exclude 25% of interest income—here’s how lenders can qualify and take advantage.
• Understanding the Penalty Relief for Employers Under the One, Big, Beautiful Bill’s New Reporting Rules — Employers face new reporting requirements for tips and overtime under OBBB, but IRS has granted penalty relief for 2025—here’s what to know and how to prepare.
• How to Optimize Your Retirement Contributions in Light of the New 401(k) & IRA Limits for 2026 — The IRS has raised the 2026 contribution limits for 401(k), IRAs, and SIMPLE plans—this article shows you how to leverage those increases strategically.
• Entity Setup Considerations After OBBB for Small Business & Trusts — New rules under the One, Big, Beautiful Bill affect how entities and trusts handle deductions, elections, and reporting — critical to entity structure and tax strategy in 2026 and beyond.
• What Digital Nomads Should Know About US Tax With the One, Big, Beautiful Bill — For remote workers living outside the US or traveling continuously, recent US legislative changes under the OBBB may alter your foreign earned income exclusion, deductions, and reporting obligations.
• Navigating the New Overtime & Tips Deductions Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill (OBBB) introduces new deductions for qualified overtime and tips – but employers and employees must follow precise rules to claim them successfully.
• Compliance Essentials: Navigating the New Remittance Transfer Tax and Penalty Relief — Starting January 1, 2026, remittance transfer providers must comply with a new excise tax, but first three quarters carry special relief—this guide helps you get compliant and avoid penalties.
• Strategic Tax Planning with the 2026 Inflation Adjustments Under the One, Big, Beautiful Bill — Taxpayers and businesses face a range of new inflation-adjusted thresholds starting in tax year 2026—this article shows how to integrate these changes into planning to optimize deductions, credits, and income reporting.
• Compliance Updates: Phasing Out Paper Checks & Remittance Penalties Relief — The IRS is making big shifts in how refunds and payments are made — stopping paper checks and giving transitional grace to remittance providers — which means you’ll need to update accounts and reporting setups soon.
• Turbocharge 2026 Tax Planning with the Inflation Adjustments & Standard Deductions — With major inflation adjustments for 2026 now released — including higher standard deductions, bracket shifts, and foreign earned income exclusion increases — taxpayers and advisors have new levers to optimize savings.
• Digital Nomads and the New No-Tax-on-Tips Provision: What You Need to Know — If you're living abroad or working internationally but still receiving tips from U.S. sources, the One, Big, Beautiful Bill’s no-tax-on-tips rules (for occupied that “customarily and regularly received tips” before Jan 1, 2025) could impact you — this article walks through what qualifies, how deductions phase out, and how to plan your tax return.
• Sourcing Borrow Fees in Securities Lending and Repo Transactions: Proposed IRS Regulations Unpacked — Notice 2025-63 signals upcoming rules defining how “borrow fees” in securities lending and repo transactions are sourced—based on the residency of the recipient—important for investors and institutions.
• One, Big, Beautiful Bill: Penalty Relief for Reporting Cash Tips and Overtime in 2025 — New reporting requirements for cash tips and qualified overtime under the OBBB start in 2025—but IRS Notice 2025-62 gives employers and payors relief from penalties for reporting mistakes this year.
• How Staking Digital Assets via Trusts Can Benefit Grantor Trusts: Safe Harbor Rules Explained — A new safe harbor under IRS Rev. Proc. 2025-31 lets investment trusts and grantor trusts stake digital assets without losing favorable tax status—learn how to take advantage.
• Compliance Checklist for Employees & Employers Under OBBB Rules — New deductions and reporting requirements for tips, overtime, car interest, and remittances demand updated compliance practices—for both workers and businesses.
• Entity Setup Strategies Post-OBBB: Structuring Your Business in 2025 — With the One, Big, Beautiful Bill bringing new credits, deductions, and reporting duties, choosing the right business entity now can maximize your tax advantages and minimize compliance risks.
• How Digital Nomads Can Navigate 2025 U.S. Tax Rules with OBBB Benefits — The 2025 One, Big, Beautiful Bill introduced sweeping changes that affect digital nomads—from foreign earned income exclusion to new deductions for overtime and tips. Here’s your practical guide.
• Entity Setup Strategies for Digital Nomads Operating US-based LLCs — Digital nomads face unique challenges when setting up entities in the US; choosing the right structure can optimize tax treatment and compliance while abroad.
• No Surprises Act: What Employers and Patients Need to Know About the 2026 Qualifying Payment Amounts — Upcoming increases in the Qualifying Payment Amounts under the No Surprises Act will alter patient cost sharing and provider reimbursement. This article guides both employers and individuals through the changes and how to prepare.
• How to Leverage Premium Tax Credit Updates in Your 2026 ACA Planning — Major indexing changes to the Applicable Percentage Table effective in 2026 will affect Premium Tax Credit eligibility and employer affordability thresholds; planning early can save money.
• Entity Safe Harbor for Trusts Holding Digital Assets: What It Means for Your Trust Setup — New IRS guidance offers a safe harbor for investment trusts that also are grantor trusts to stake digital assets while preserving tax status—swiftly amend your trust instrument to qualify.
• Penalty Relief and Reporting Changes: What Employers Need to Know — Employers face new reporting obligations under the OBBB and IRS is offering penalty relief for 2025. Understand what counts as ’qualified tips’ and ‘qualified overtime’ and how to implement correctly without penalties.
• Updating Your Withholding: Navigating the One, Big, Beautiful Bill’s New Deductions — Learn how the One, Big, Beautiful Bill’s deductions starting in 2025—such as for tips, overtime, car loan interest, and seniors—affect your paycheck withholding and what you need to submit now.
• Year-End Strategy: Maximizing Senior and Auto-Loan Deductions Under the One, Big, Beautiful Bill — New deductions for seniors and interest on personal auto loans are now available under the One, Big, Beautiful Bill—taxpayers should plan now to take advantage before the 2025 filing deadline.
• How the New Remittance Excise Tax Under the OBBB Impacts Money Transfers Abroad — Starting January 1, 2026, a 1% excise tax applies to certain cross-border money transfers. Providers get penalty relief in early 2026—but senders and businesses need to prepare now.
• Big Changes for Gig Workers: Restored 1099-K Threshold Under the One, Big, Beautiful Bill — The IRS has reverted the 1099-K reporting threshold back to $20,000/200 transactions under the One, Big, Beautiful Bill—here’s how this impacts gig workers, side hustles, and payment apps.
• Digital Nomad Alert: IRS Inflation Adjustments Affect Your Foreign Earned Income Exclusion — With the 2026 foreign earned income exclusion amount rising under the OBBB Act, U.S. expats and digital nomads should reassess their strategies—this change could mean thousands more in excluded income.
• Compliance Essentials: New Reporting for Vehicle Loan Interest Under OBBB Act — The One, Big, Beautiful Bill introduces a new reporting requirement for lenders with transitional relief available—understanding your obligations now is key to avoiding penalties.
• Maximizing the 2026 Standard Deduction: What Every U.S. Taxpayer Needs to Know — With the One, Big, Beautiful Bill driving up standard deductions for 2026, taxpayers can unlock major savings—but many don’t realize how it shifts their tax strategy.
• Preparing for ‘No Tax on Tips’: What Service Workers Should Know — A new deduction allows eligible tipped workers to deduct up to $25,000 in tips from taxable income—here’s how to tell if your job qualifies and how to claim it under recent proposed regulations.
• Understanding the Reinstated 1099-K Threshold under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill has restored the reporting thresholds for Form 1099-K to $20,000 and 200 transactions—retroactive changes that affect both payees and payment processors.
• How the New Paper-Check Phase-Out Impacts Your Tax Refund — Starting September 30, 2025, the IRS is phasing out paper tax refund checks for individuals—learn what this means for your refund delivery, digital payment setup, and exceptions for unbanked or underserved taxpayers.
• Navigating the New Interest Capitalization Rules for Designated Property Improvements — Final regulations under section 263A amend how businesses capitalize improvements—understand what qualifies as “designated property” and how these changes affect your accounting methods.
• Understanding the Reverted Form 1099-K Threshold and Obligations for Gig Workers — The threshold for reporting 1099-K has reverted under the OBBB—gig workers and online sellers needs to know what changes in reporting mean and how to stay compliant.
• Maximizing the Value of Tax Inflation Adjustments in TY-2026 — Changes to standard deductions, tax brackets, and credits for tax year 2026 offer planning windows now—here’s how to use them to reduce your liability.
• Digital Nomads & FEIE 2026: Making the Foreign Earned Income Exclusion Work For You — For U.S. citizens abroad or who move often, the FEIE for 2026 increases significantly—learn how to structure your income and expenses to benefit the most.
• Compliance Tips for Employers: Reporting Car Loan Interest Under the One, Big, Beautiful Bill — New rules on reporting car-loan interest are coming—learn how lenders and businesses can stay compliant with transitional relief and avoid penalties in 2025.
• How to Maximize 2026 Tax Inflation Adjustments for Individuals and Families — With new inflation-driven numbers for 2026 mainly under the One, Big, Beautiful Bill, taxpayers need practical strategies to use higher deductions, step-ups, and thresholds in planning.
• Digital Nomad Strategies Under U.S. Tax Law: Residency, Deductions & Remote Income — Remote work across borders brings complexity—this article helps U.S. digital nomads understand residency rules, how to claim usable deductions and avoid pitfalls with foreign income.
• Compliance Checklist: IRS Inflation Adjustments for Tax Year 2026 and What to Prepare Now — With the IRS announcing inflation adjustments for over 60 tax provisions effective 2026, taxpayers and businesses need to understand updated brackets, limits, and steps to avoid surprises.
• How to Leverage Transitional Penalty Relief for Tips & Overtime Under the One, Big, Beautiful Bill — Employers and employees must understand what kinds of extra reporting and relief apply for cash tips & overtime starting in tax year 2025 under the One, Big, Beautiful Bill.
• Digital Nomads & U.S. Tax: Navigating Residency, Foreign Income, and Retirement Account Rules After Recent IRS Updates — With the latest IRA/401(k) contribution changes and guidelines around one’s tax home, digital nomads must align foreign income compliance and retirement savings to avoid surprises.
• Understanding the “No Tax on Tips” & Overtime Reporting Rules Under OBBB: What Employers and Workers Need to Know — New deductions under the One, Big, Beautiful Bill create reporting obligations and temporary relief, reshaping how tipped and overtime earnings are taxed in 2025-2028.
• How the New 401(k) and IRA Contribution Limits for 2026 Affect Your Retirement Plan — With the IRS increasing 401(k) and IRA limits for 2026, both individual savers and employers need to update their tax-planning strategies to maximize benefits and stay compliant.
• Lower PTIN Fees and Online Renewal: What Every U.S. Tax Preparer Needs to Know Now — Starting late 2025, new fee rules and sign-in requirements for PTIN renewal streamline compliance—but only if you act before year end.
• How the ‘No Tax on Overtime’ Deduction Under the One, Big, Beautiful Bill Can Boost Your Take-Home Pay — The OBBB Act introduces a new overtime compensation deduction for 2025-28—here’s how it works, who qualifies, and how to maximize the benefit.
• Compliance Spotlight: Preparing for Remittance Transfer Tax Under the One, Big, Beautiful Bill — Starting in 2026, providers of remittance transfers face new excise tax collection and reporting obligations. Here’s what businesses must do now to stay compliant.
• Entity Setup: Choosing Between LLC and S-Corporation in Light of Recent Tax Inflation Adjustments — Recent IRS inflation adjustments and changes under the One, Big, Beautiful Bill affect break-even points for business entities. Here's a guide to selecting the optimal structure.
• How Digital Nomads Can Maximize the Foreign Earned Income Exclusion Under the New Inflation Adjustments — With the IRS's recent inflation adjustments raising thresholds and the One, Big, Beautiful Bill modifying exclusions, digital nomads have new opportunities to reduce their US tax burden.
• Living Abroad? Foreign Earned Income Exclusion & Waivers in Ill-Defined Conflict Zones — Recent IRS updates expand the list of countries qualifying for waivers of residency requirements under section 911—crucial for expatriates and digital nomads in unstable regions.
• OBBB’s New Reporting Rules: What Lenders & Tax Pros Need to Know for 2025 — The One, Big, Beautiful Bill introduces new information-reporting obligations for car loan interest and resets thresholds for Form 1099-K—here’s what lenders, businesses, and self-employed workers must prepare for in 2025.
• Maximizing Your 2026 Tax Savings: Inflation Adjustments You Shouldn’t Miss — With the IRS’s recent inflation adjustments under the One, Big, Beautiful Bill, many thresholds, deductions, and credits are shifting—make sure you know what’s rising to optimize your 2026 planning.
• Entity Setup & Compliance: What New Remittance Excise Tax Means for U.S. Businesses — Starting Jan 1, 2026, entities making remittance transfers must comply with new excise tax, deposit requirements, and get penalty relief early—this article breaks down what businesses need to do to set up properly.
• Tax Planning Confidence: Leveraging Inflation Adjustments & Credits in OBBB for 2026 — With inflation adjustments kicking in for 2026 under OBBB—higher standard deductions, enhanced credits, and changed limits—this article arms you with strategies to plan ahead and maximize tax savings.
• How Digital Nomads Can Leverage New OBBB Tax Provisions in 2025–26 — The One, Big, Beautiful Bill introduced tax changes starting in 2025 that offer unique deductions relevant to digital nomads—from no tax on tips and overtime to deductions on car loan interest—this article helps you make the most of them across borders.
• Tax Benefits for Lenders & Investors in Rural America: Opportunity Zones & Section 139L — Recent IRS guidance under OBBB provides new incentives for lenders on agricultural property and enhanced rules for investors in rural Opportunity Zones.
• Compliance Essentials: Managing New Reporting & Relief Rules for Tips, Overtime, Loans — New reporting obligations and temporary relief under the One, Big, Beautiful Bill require employers and payors to update systems for tips, overtime, and vehicle loan interest.
• Planning Your 2026 Taxes: Key Changes Under the One, Big, Beautiful Bill — With the One, Big, Beautiful Bill (OBBB) bringing big shifts for 2026, taxpayers and businesses need to stay ahead with inflation adjustments, deductions, and credits.
• How the No Surprises Act’s QPA Indexing Affects Health Cost Sharing in 2026 — Qualifying Payment Amounts for surprise billing protections will adjust for inflation in 2026—here’s how that affects plans, issuers, and your out-of-pocket costs.
• Remittance Transfer Tax Compliance Relief: What Providers Need to Know — New excise tax starting Jan 1, 2026 introduces reporting responsibilities and penalties—but relief is available for remittance transfer providers.
• Maximizing Your Retirement Savings with 2026 Contribution Limit Changes — The IRS has increased retirement contribution limits for 2026—learn what the changes are and how to adjust your strategy now.
• Entity Setup Strategy: How the OBBB Impact Alters Pass-Through vs. C-Corp Planning — Recent changes to deductions and tax rates under the One Big Beautiful Bill Act shift the calculus for whether to operate through a pass-through entity or a corporation—this article breaks down what’s optimal now.
• Tax Compliance Essentials: Reporting Requirements & Thresholds You Must Know in Late 2025 — Several major changes under OBBB and IRS updates are transforming how and when businesses and individuals report income, hold onto forms, and meet new thresholds. Stay compliant or risk penalties.
• How Digital Nomads Can Navigate the One Big Beautiful Bill Act’s New Tax Deductions — With the One Big Beautiful Bill Act introducing deductions on tips, overtime, vehicle interest, and more starting in 2025, digital nomads need to understand what qualifies and how to plan accordingly.
• Living Abroad? How the Foreign Earned Income Exclusion and Housing Limits Are Changing for Digital Nomads in 2025-26 — If you're working outside the U.S., updated housing limits and foreign income exclusions can affect your tax bill dramatically—here’s what’s new and how to maximize them.
• How the One, Big, Beautiful Bill Changes Deduction Rules: Compliance Tips for Individuals and Businesses — From qualified tips deductions to no-tax car loan interest, the One, Big, Beautiful Bill introduces sweeping changes—learn how to stay compliant and avoid penalties.
• Planning Your Retirement Contributions: Navigating the 2026 401(k) and IRA Limit Increases — The IRS has raised the 2026 contribution limits for 401(k) and IRA plans—know the new thresholds and how to adjust your savings strategy accordingly.
• Inflation-Adjusted Tax Changes for 2026 You Can’t Afford to Miss — The IRS has released major 2026 inflation adjustments under the OBBB—including new standard deductions, AMT thresholds and foreign income exclusion.
• Penalty Relief for Employers on Reporting Tips & Overtime Under OBBB in Tax Year 2025 — Employers covered by the One, Big, Beautiful Bill now get transition-period penalty relief for new tip and overtime reporting requirements for 2025.
• Maximizing Retirement Savings with 2026 401(k) & IRA Contribution Limits — Recent IRS updates for 2026 increase 401(k) and IRA contribution limits significantly—learn how to adjust your saving strategy now.
• Living and Working Abroad Post-OBBB: Digital Nomads’ Guide to U.S. Tax Obligations — Digital nomads need to navigate changing U.S. reporting requirements, thresholds, and payment methods as the One, Big, Beautiful Bill reshapes tax obligations for those living abroad.
• Compliance Rules for New Deposit & Reporting Obligations in 2026 — With new excise taxes, phased-out payment methods, and updated employer-reporter duties under the OBBB, staying compliant in 2026 demands early attention.
• Maximizing Deductions and Credits under the One, Big, Beautiful Bill — Understanding the newest inflation adjustments and reporting thresholds empowers taxpayers and businesses to optimize deductions and avoid penalties under the One, Big, Beautiful Bill.
• What Remote Workers & Digital Nomads Need to Know: Foreign Earned Income Exclusion & Travel Rules for 2026 — With foreign earned income exclusion rising and new tax thresholds under OBBB, digital nomads should reassess their residency status and income classification to optimize tax liability.
• Navigating the New Car Loan Interest Reporting Rules for 2025: Business Obligations & Relief — New requirements under the One, Big, Beautiful Bill force businesses to report car loan interest paid to individuals—but transitional relief may cushion initial compliance burdens.
• Maximizing 2026 Standard Deductions & Credits Under the One, Big, Beautiful Bill — With the One, Big, Beautiful Bill increasing several inflation-adjusted thresholds for 2026, now’s the time to align your tax planning strategies to capture all eligible benefits.
• Inflation Indexing for 2026: What Digital Nomads & Remote Workers Need to Know — Inflation adjustments under IRS Revenue Procedure 2025-32 change key income thresholds and deductions—remote workers and digital nomads may find new opportunities or phase-outs depending on their global income mix.
• Keeping Compliant: What Employers & Tax Professionals Must Do Under New IRS Reporting Duties — Recent IRS guidance under the OBBB law is creating new reporting obligations for employers and lenders—this article explains what’s required, due dates, and how to avoid penalties.
• How the One, Big, Beautiful Bill Transforms Deductions: Tips, Overtime & Car Interest Explained — The new One, Big, Beautiful Bill introduces major deductions for tips, overtime pay, and car loan interest from 2025-2028—this article breaks down eligibility, reporting, and how to maximize the benefits.
• One, Big, Beautiful Bill: Penalty Relief & Information Reporting on Tips and Overtime for TY 2025 — Employers, payors, and tipped workers should understand how the OBBB impacts reporting requirements and penalties for tips and overtime in tax year 2025.
• Maximize Your Retirement Savings: 2026 Limits for 401(k), IRA, and Catch-Up Contributions — With the IRS increasing retirement contribution limits for 2026, savvy savers can boost their tax-advantaged savings. Learn how the changes impact you and how to plan ahead.
• Entity Setup Essentials: How New Inflation Adjustments Under OBBBB Should Guide Your Business Structure Choices — The One, Big, Beautiful Bill’s inflation adjustments for tax year 2026 change thresholds for many provisions—choosing LLC vs. S-Corp, managing AMT, and timing deductions becomes more critical than ever.
• Compliance Alert: Preparing for the New Reporting Obligations on Tips and Overtime Under OBBBB — The One, Big, Beautiful Bill introduces deductions and reporting requirements for tips and overtime—find out who’s affected, what mining is underway, and how to avoid penalties in tax years 2025–2028.
• Maximizing Deductions: How the ‘One, Big, Beautiful Bill’ Affects Car Loan Interest in 2025 — New reporting and deduction rules for car loan interest begin in 2025 under the One, Big, Beautiful Bill—learn what qualifies, what reporting obligations look like, and how to act now.
• Compliance Spotlight: No Surprises Act & Group Health Plan Cost-Sharing in 2026 — Starting January 1, 2026, new indexed amounts affect patient cost sharing under the No Surprises Act—this article helps employers and health plans prepare.
• Demystifying Form 1099-K: What Small Business Owners & Digital Nomads Need to Know — With new rules under the OBBBA reinstating relief, many online sellers and gig workers may see fewer 1099-K forms—but reporting and compliance remain essential.
• Maximizing Tax Relief in 2026: Understanding the Inflation Adjustments under OBBBA — Explore how the One, Big, Beautiful Bill permanently boosts standard deductions, tax brackets, and credits starting 2026, and how you can optimize your tax planning accordingly.
• Car Loan Interest Reporting & Deductibility: What Businesses and Individuals Must Know under OBBB — New rules under the One, Big, Beautiful Bill affect how car loan interest is reported and whether it’s deductible—here’s guidance particularly valuable for businesses, gig economy workers, and taxpayers buying vehicles.
• Form 1099-K Threshold Restored to $20,000: Guide for Small Businesses & Digital Nomads — IRS reinstates the $20,000 & 200-transaction threshold for issuing 1099-K forms under the OBBB—here’s what small businesses, gig workers, and digital nomads need to know.
• Maximizing U.S. Taxes with 2026 Inflation Adjustments: What Every Taxpayer Should Know — Learn how the IRS’s 2026 inflation adjustments under the One, Big, Beautiful Bill affect deductions, credits, and tax brackets—and how to optimize your tax strategy now.
• Ensuring Compliance Under New PTIN Fee and Employee Plans QPA Changes — IRS has issued new interim regulations lowering the PTIN renewal fee and new indexing rules for group plan health payments. Understand compliance, penalties, and practical next steps.
• Planning Ahead: How 2026 Inflation Adjustments and OBBB Tax Inflation Affect Your Budget — With IRS releasing 2026 inflation adjustments, including refinements from the One, Big, Beautiful Bill, your tax brackets, deductions and credits may shift significantly. Start planning now.
• Navigating the OBBB 1099-K Threshold Changes for Digital Workers — The One, Big, Beautiful Bill reverts the 1099-K threshold to $20,000, impacting gig workers, marketplaces, and digital nomads. Learn what qualifies, what doesn’t, and how to prepare.
• Form 1099-K Reporting Thresholds Reverted: What Digital Nomads & Gig Workers Need to Know — If you're a digital nomad, freelancer, or gig worker, the recent 1099-K reporting changes under OBBB affect how your transaction platforms report income for 2025 and beyond.
• Employer Reporting Changes Under “No Tax on Tips & Overtime”—Transition Year 2025 Guide — Understanding the new reporting requirements for cash tips and overtime under the One, Big, Beautiful Bill—and how employers can get relief during the 2025 transition.
• Maximizing Retirement Contributions: 401(k) & IRA Limits for 2026 — Learn how the increased contribution limits for 401(k) plans and IRAs for 2026 offer you new opportunities to enhance your retirement savings strategy.
• Entity Setup for Digital Nomads: Choosing U.S. Structures and Staying Compliant — For remote workers and nomads earning from U.S. sources—how to choose the right business structure, manage tax residency, and stay compliant across borders.
• Compliance Spotlight: What You Need to Know about the Form 1099-K Threshold Reversion — The threshold for issuing Form 1099-K under the One, Big, Beautiful Bill just reverted—discover who’s impacted, how to prepare, and avoid reporting pitfalls.
• Planning Ahead: How Inflation Adjustments under the OBBB Impact Your 2026 Tax Strategy — Key inflation adjustments under the One, Big, Beautiful Bill (OBBB) are reshaping standard deductions, income brackets, and credits for 2026—learn how to optimize your taxes now.
• Entity Setup in 2026: Choosing Between S-Corp, Partnership or LLC Under New Inflation Thresholds — Understand how raised income and deduction thresholds under the OBBB affect your best entity choice in 2026—and what to consider when forming or converting your business entity.
• Digital Nomad's Guide: U.S. Deductions & Credits After OBBB — New laws create opportunities—and deadlines—for digital nomads to maximize deductions, especially for energy, vehicle, and international income tax treaty benefits.
• How the One, Big, Beautiful Bill Transforms Overtime & Tips: What Employers Must Do — Employers face sweeping new rules under the One, Big, Beautiful Bill (OBBB) regarding overtime & tips reporting—learn what you must change now to avoid penalties.
• Digital Nomad Tax Impacts from the Remittance Excise Under OBBB — A new 1% excise tax on remittances under the One, Big, Beautiful Bill creates unique considerations for digital nomads sending money home—know when it applies and how to plan.
• Complying with OBBB’s Tip and Overtime Reporting: Relief for Employers in 2025 — New reporting requirements under the One, Big, Beautiful Bill for tips and qualified overtime are softened by temporary penalty relief—but employers must still prepare for changes.
• Maximizing 2026 Retirement Savings: Leveraging Recent 401(k) & IRA Contribution Limit Increases — With the IRS raising 401(k) and IRA contribution limits for 2026, understanding how to adjust your savings strategy now can yield big tax benefits.
• Retirement Readiness: Making the Most of Higher Contribution Limits in 2026 — IRS increased contribution limits for retirement plans in 2026—raising 401(k) and IRA caps. Here’s how to optimize contributions, tax savings, and retirement planning under the new limits.
• Navigating Form 1099-K & Employee Retention Credit Rules: New FAQs Under OBBB — Under the One, Big, Beautiful Bill, the IRS issued updated FAQs covering changes to 1099-K thresholds and limitations on Employee Retention Credits—essential for gig workers and businesses with past ERC claims.
• Maximizing Your 2026 Tax Savings with OBBB Inflation Adjustments — The IRS’s 2025-103 announcement under the One, Big, Beautiful Bill (OBBB) brings major inflation adjustments for 2026—affecting standard deductions, tax brackets, credits, and more. Here’s how to plan now.
• Digital Nomads & Foreign Earned Income Exclusion: Key Changes and Moves You Should Know — For Americans working abroad, the foreign earned income exclusion continues to shift—plus relief for those displaced by adverse conditions. If you're a nomad, this is essential reading.
• Compliance Alert: Penalty Relief and Reporting Shifts Under the One, Big, Beautiful Bill for Tax Year 2025 — The OBBB brings new reporting duties for employers and businesses—but recent IRS announcements offer transitional penalty relief. Here’s what compliance now requires.
• Using Inflation Adjustments Strategically: How Tax Year 2026 Changes Impact Your Filing — IRS has released inflation‐adjusted amounts for tax year 2026 under the One, Big, Beautiful Bill—understanding these shifts can help you optimize deductions, credits, and withholding ahead of filing season.
• Entity Setup: Choosing Between S-Corp, LLC & C-Corp for U.S. Operating Business — Structure your U.S. business wisely—S-Corp, LLC, or C-Corp each comes with different tax rules. Learn which best fits your profits, growth goals, and exit plans.
• How Digital Nomads Can Navigate U.S. Tax Residency & Foreign Income Rules — For global citizens working remotely from abroad, understanding U.S. tax residency and foreign income exclusions is critical to avoid double taxation. This article lays out what you should know and how to act.
• Mastering U.S. Employer Shared Responsibility Penalties for 2026 (IRC §4980H) — Starting in 2026, increased penalty thresholds under IRC §4980H will affect how employers deliver health coverage. Here’s what’s changing and how to stay compliant.
• Form 6765 Research Credit: What You Must Know Before Filing for TY 2025 and TY 2026 — Section G of Form 6765 will be optional for 2025 but required for many filers in 2026—while IRS extends feedback period to March 2026. Here's how to prepare so you can claim your research credit without headaches.
• Navigating Penalty Relief for Tip, Overtime Reporting and Car Loan Interest Under OBBB — New reporting requirements under the One, Big, Beautiful Bill introduce deductions and information statements for tips, overtime, and car loan interest—but transition relief gives you breathing room. Here’s what you need to know.
• Maximizing Your 2026 Standard Deduction and Related Inflation Adjustments Under the One, Big, Beautiful Bill — The IRS has released inflation adjustments for the 2026 tax year under the One, Big, Beautiful Bill—including increased standard deductions, AMT exemptions, and more. Here's how to use them to plan ahead.
• Planning Your Tax Withholding Ahead of 2026 Inflation Adjustments — With many tax thresholds increasing next year, checking and updating your withholding now can prevent surprises—this guide shows what to look for and how to adjust.
• One Big Beautiful Bill: What Employers Need to Know About Reporting Cash Tips & Overtime in 2025 — As of tax year 2025, new reporting rules under the OBBB demand changes for employers—this article breaks down what’s required, what relief exists, and how to stay compliant.
• Maximizing Retirement Savings: 2026 401(k) & IRA Limit Changes — With 2026 rapidly approaching, new IRS limits for retirement contributions are here—learn how to adjust your planning to capture the full tax advantages.
• Maximizing Take-Home Pay for Digital Nomads under Recent U.S. Tax Changes — Digital nomads working across borders have new tools from the One Big Beautiful Bill to reduce U.S. taxes—learn how to leverage tax treaties, overseas earned income rules, and new deduction opportunities.
• Penalty Relief & Compliance Guidance for Employers Under OBBBBA’s New Reporting Rules — The OBBB Bill adds new reporting obligations for tips, overtime, vehicle interest, and remittance transfers—here’s what employers must know and how to comply without triggering penalties.
• How U.S. Taxpayers Should Update Withholding in Light of the One, Big, Beautiful Bill Changes — Major changes under the One, Big, Beautiful Bill (OBBBA) will affect your deductions, credits and withholding for tax years 2025 and 2026—here’s what to do.
• Living & Working Abroad: Digital Nomads and U.S. Tax Reliefs to Leverage — If you're a U.S. citizen or resident abroad in 2025-26, these inflation adjustments and relief policies could significantly affect taxation of foreign income, housing exclusions, & credits.
• Compliance Reset: Navigating New Reporting Rules Under OBBB for Employers — Employers face fresh reporting obligations for tips, overtime, vehicle loans—and penalties are delayed for 2025. Here’s your compliance checklist.
• Maximizing Deductions Under the One, Big, Beautiful Bill: Tips & Tactics — Discover how to leverage newly introduced deductions—like those for tips, overtime, and vehicle loans—under the One, Big, Beautiful Bill to save on your 2025 return.
• Living Abroad? How the Foreign Earned Income Exclusion Changed for 2026 — If you're a digital nomad or expatriate, the Foreign Earned Income Exclusion (FEIE) is increasing in 2026 — here’s what every U.S. citizen living overseas needs to know to reduce tax liabilities properly.
• New IRS Reporting Rules & Penalty Relief: What Employers and Self-Employed Need to Know — Employers, payors, and self-employed individuals face new reporting rules under OBBBA for tips and overtime – and there’s penalty relief for 2025. Here's what to do.
• Maximize Your 2025 Tax Deductions Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill Act (OBBBA) has introduced major deductions that taxpayers should understand — including for tips, overtime, car loan interest, and senior status. Here's how to make them work for you.
• Compliance Spotlight: Penalty Relief for ‘Tips and Overtime’ Reporting under One, Big, Beautiful Bill — New transitional relief eases penalty risks for employers in reporting cash tips and overtime compensation under the One, Big, Beautiful Bill for tax year 2025.
• Planning Your 2026 Retirement Contributions under New IRS Limits — Discover how the IRS’s recent increase in 401(k) and IRA contribution limits for 2026 can reshape your retirement strategy and tax savings.
• Digital Nomad Guide: Foreign Earned Income Exclusion & IRS Thresholds in 2026 — For digital nomads, the One, Big, Beautiful Bill brings updates to the foreign earned income exclusion and other key thresholds. Learn how to optimize U.S. tax residency rules and deductions while abroad.
• Compliance Essentials for US Businesses Under OBBB’s Reporting Rules — The OBBB imposes new information reporting and deduction rules that significantly affect businesses. Failure to comply could trigger penalties—this article helps businesses stay ahead.
• Practical Strategies for US Tax Planning with the One, Big, Beautiful Bill — With the passage of the One, Big, Beautiful Bill (OBBB), many deductions, reporting thresholds, and inflation-adjusted provisions have changed. Learn how to optimize your tax plan under these new rules.
• Digital Nomads & the Foreign Earned Income Exclusion: What 2026 Changes Mean for Expats — Higher foreign earned income exclusion and new AMT thresholds under OBBB change the game for U.S. expats—here’s how digital nomads can save thousands.
• Compliance Guide: New Reporting for Car Loan Interest & Simplified Enforcement Rules — New IRS rules require lenders to report interest on certain vehicle loans, but 2025 comes with transitional relief. Learn what’s required, and how to comply without penalties.
• Tax Planning Strategies Under the One, Big, Beautiful Bill: Maximizing 2026 Adjustments — The One, Big, Beautiful Bill introduces sweeping inflation-adjusted changes for 2026—from higher standard deductions to enhanced credits. Learn how to leverage them to reduce your tax burden.
• Planning for 2026: Retirement Contributions, Inflation Adjustments & Marginal Rate Changes — With tax year 2026 approaching, key cost-of-living adjustments and rate changes could affect retirement-savvy individuals—see where you might want to act early.
• Staying Compliant with One, Big, Beautiful Bill: Understanding 1099-K Changes & ERC Limitations — With recent IRS FAQs and fact sheets, key changes to Form 1099-K thresholds and Employee Retention Credit refunds are clarified—know what to report and when you’ll miss eligibility.
• How to Maximize Savings under the One, Big, Beautiful Bill’s New Car-Loan Interest Deduction — Discover how the One, Big, Beautiful Bill introduces a deduction for car loan interest on qualified passenger vehicles—and learn practical steps to benefit.
• Understanding IRS Interest Rates Through the Turn of the Year — Interest rates for overpayments, underpayments, and large corporate underpayments will stay the same heading into 2026. Knowing these can affect your decision-making for tax payments, refunds, and timing transactions.
• Navigating Penalty Relief for New Reporting Rules Under OBBB — The One, Big, Beautiful Bill (OBBB) introduced new information reporting requirements for tips and overtime—but for 2025, employers get a transition relief period. Here’s how to comply without risk.
• Maximizing Retirement Savings: Key Contribution Limit Increases for 2026 — Significant adjustments to 2026 contribution limits for 401(k), IRA, and SIMPLE plans provide an opportunity to boost retirement savings stealthily—all while staying compliant with the One, Big, Beautiful Bill provisions.
• Digital Nomads & U.S. Tax Code: What Remote Isn’t Necessarily Tax-Free — Remote work from abroad? Even without U.S. residency, many digital nomads must reckon with U.S. filing obligations. Learn what to report and how to benefit legally.
• Compliance Essentials: How the IRS is Enforcing New Reporting & Penalty Relief Provisions in 2025 — New reporting requirements and transitional penalty relief from the IRS mean 2025 is a compliance puzzle—here’s how to get ahead and avoid fines.
• Maximize Your 2025 Tax Benefits: Understanding Key Deductions from the One, Big, Beautiful Bill — Your 2025 tax return could look very different under the One, Big, Beautiful Bill. Learn which new deductions and inflation adjustments could save you money.
• Form 1099-K Thresholds Reverted: What Digital Nomads Should Know — The 2025 One, Big, Beautiful Bill law reverts the 1099-K income reporting threshold back to the standard used before under $20,000 and 200 transactions—potentially affecting digital nomads who transact globally.
• Navigating the Phase-Out of Paper Refund Checks: IRS’s Shift to Digital — Starting September 30, 2025, paper tax refund checks for individuals will be largely phased out under Executive Order 14247, transitioning refunds toward electronic payments to enhance security and speed.
• Mastering 2025–2026 Tax Inflation Adjustments: What Every U.S. Taxpayer Should Know — Every year, inflation adjustments reshape key tax thresholds—from standard deductions to estate tax limits. The One, Big, Beautiful Bill makes many of these permanent and sets new 2026 amounts.
• Opportunity Zones in Rural America: Maximizing Tax Benefits Under New Rules — Recent IRS guidance under the One, Big, Beautiful Bill expands Opportunity Zone incentives for rural areas—learn how businesses and investors now face reduced improvement thresholds and gain new definitions that unlock benefits.
• Form 1099-K’s Restored Threshold: What Self-Employed & Gig Workers Need to Know — The One, Big, Beautiful Bill has reset the Former 1099-K reporting threshold to $20,000 & 200 transactions—how that impacts your income reporting and bookkeeping obligations.
• Maximizing 2026 Retirement Contribution Limits: Strategy & Savvy Planning — With increases to 401(k) and IRA contribution limits for the 2026 tax year, individuals have fresh opportunities to boost savings—here’s how to strategize before year-end winds down.
• Case Study: Foreign Earned Income Exclusion Changes & Digital Nomad Budgeting — With FEIE rising for tax year 2026, digital nomads must revisit their income strategies to maximize benefit and avoid surprise tax bills.
• Compliance Alert: New Reporting & Relief Rules for Car Loan Interest under the One, Big, Beautiful Bill — The IRS issued transitional guidance for lenders and withholding penalties under Section 6050AA—learn what to do now to stay compliant and avoid fines.
• Digital Nomads and the Foreign Earned Income Exclusion After OBBB Adjustments — Changes to the Foreign Earned Income Exclusion and housing expense limits under recent IRS inflation‐adjustments affect digital nomads—here’s how to leverage them properly.
• Compliance Guide for Car Loan Interest Reporting Under OBBB — New reporting obligations under section 6050AA require lenders to collect, report, and share interest information on passenger vehicle loans made after December 31, 2024. Here's how to comply.
• Tax Planning in Light of OBBB & Anticipated 2026 Inflation Adjustments — With key inflation-driven changes from the One, Big, Beautiful Bill now in effect, strategic planning can help taxpayers minimize liabilities under the upcoming 2026 tax regime.
• Navigating One, Big, Beautiful Bill: Compliance Updates for Employers — The OBBB brings updated reporting requirements and enforcement for employers—what’s new for tipping, overtime, Form 1099-K, and how to stay compliant.
• How the 2026 Inflation Adjustments Affect Your Tax Planning — With IRS releasing new inflation‐adjusted tax provisions for 2026 under the One, Big, Beautiful Bill, individual and business taxpayers need to revise withholding, investment, and retirement strategies now.
• Living and Working Abroad? Digital Nomads and Tax Home Rules After Sec. 911 Changes — New Revenue Procedure expands options for Foreign Earned Income Exclusion waivers for war-affected countries. Here’s what digital nomads and expats abroad need to know to protect their tax status.
• Ensuring Compliance in Reporting Under the One Big Beautiful Bill: What Tax Pros Must Know — With new reporting rules under the One Big Beautiful Bill—tips, overtime, 1099-K, car interest—tax professionals face fresh compliance duties. Navigate the legal and procedural landscape to avoid penalties.
• Maximizing Tax Benefits Under the One Big Beautiful Bill: Planning Tips for Everyday Americans — The One Big Beautiful Bill introduces sweeping tax changes—higher standard deductions, new deductions for seniors, tips, overtime, and car interest. Here's how to make these changes work in your favor.
• Digital Nomad Essentials: Foreign Earned Income Exclusion & Housing Cost Waivers for War-Affected Countries — For US citizens abroad in war-affected regions, the IRS has widened waivers to exclude foreign earned income even with interrupted residency—critical updates for digital nomads navigating tax homes overseas.
• Compliance Spotlight: Navigating the Gross Proceeds Reporting Rule Rollback — Congress disapproved a rule that would have required brokers to report gross proceeds from digital asset sales—but compliance obligations still evolve, and tax professionals need clarity.
• Tax Planning for Digital Assets: How to Prepare for Broker Reporting in 2025 — New U.S. regulations require brokers to report digital asset transactions, including gross proceeds starting January 1, 2025 — here’s how investors can stay ahead and manage compliance risks.
• Gig Workers & Digital Nomads: Navigating the Form 1099-K Threshold Change — With the dollar threshold for Form 1099-K filing reinstated at $20,000 (and 200 transactions), digital nomads and gig economy earners need to adapt both recordkeeping and tax strategy.
• No Surprises Act 2026 Update: What Cost Sharing Means for You — New indexing factors under the No Surprises Act change how much cost-sharing consumers may pay for out-of-network medical services beginning January 1, 2026—understand your rights.
• Maximizing Retirement Savings Amid 2026 Contribution Limit Increases — With the IRS raising 2026 limits for 401(k), IRA, and catch-up contributions, savers have fresh opportunities to supercharge their retirement strategy—don’t leave free money on the table.
• Digital Nomads & Entity Setup: US Tax Considerations When Setting Up a Foreign LLC — Essential guidance for Americans working abroad considering forming a foreign LLC: residency, treaty benefits, reporting, and entity structure strategies.
• Compliance Essentials: Penalty Relief & Employer Duties Amid OBBB’s Tip and Overtime Reporting Rules — An urgent guide for employers to understand their compliance obligations under OBBB and how penalty relief works during the 2025 transition.
• Optimizing Tax Planning Under the One, Big, Beautiful Bill: Tips for Individuals and Employers — Strategic insights on tax planning in light of new withholding & reporting changes under the OBBB Act to minimize liabilities and avoid penalties.
• Understanding Indexing Factors for Surprise Billing: What Group Health Plans Must Know — With updated QPA indexing factors under the No Surprises Act for 2026, group health plans need precise action plans to avoid surprise billing snafus.
• Navigating New Penalty Relief for Remittance Transfer Providers Under OBBB — A key change under the One, Big, Beautiful Bill grants remittance transfer providers leeway on penalties for 2026 — and understanding it now can help avoid compliance missteps.
• How Inflation Adjustments for Tax Year 2026 Affect Everyday Tax Planning — Annual inflation adjustments just released by the IRS under the One, Big, Beautiful Bill deliver big changes — raising deductions, credits and bracket thresholds for 2026. Here's how to plan now.
• Compliance Essentials When Paper Checks for Refunds Are Phased Out — Starting September 30, 2025, IRS will stop issuing paper checks for tax refunds. Here's what taxpayers need to do to ensure smooth refunds and avoid delays.
• Digital Nomads and U.S. Tax Law: What You Need to Know for 2025 — As the U.S. updates tax thresholds and foreign income rules under recent legislation, digital nomads must adapt. Here's what changed and how to stay compliant while maximizing benefits.
• Maximizing Tax Benefits in Rural Opportunity Zones Under the One, Big, Beautiful Bill — Recent IRS guidance offers enhanced tax treatment for investments in rural Qualified Opportunity Zones—discover how reduced thresholds and broader definitions can boost your tax savings.
• Digital Nomads & US Tax Filing: Key Compliance Measures Moving into 2026 — For Americans working abroad or as remote freelancers, 2025-2026 bring updates—tax-rate inflation adjustments, changes under OBBB, and specific deadlines to watch.
• Maximizing Retirement Savings: 2026 401(k) & IRA Contribution Increase — Big news for savers—the IRS has raised contribution limits for 401(k)s and IRAs in 2026, offering a chance to save more pre-tax while reducing taxable income.
• How the One, Big, Beautiful Bill Impacts Reporting of Tips & Overtime: What Employers Need to Know — Employers now face new information reporting requirements for cash tips and overtime under the One, Big, Beautiful Bill—discover what qualifies, when penalties are delayed, and how to stay compliant.
• Digital Nomads & Foreign Earned Income Under OBBB: What to Know in 2025 & 2026 — For digital nomads making income abroad, changes from OBBB—like increased Foreign Earned Income Exclusion and tips deductions—may reshape your tax strategy. Learn how to stay compliant and optimize your tax under the new rules.
• Compliance Essentials: What Businesses Must Know about OBBB Reporting & Penalty Relief — The One, Big, Beautiful Bill imposes new reporting responsibilities—and for 2025, the IRS is offering significant penalty relief. Businesses must understand how to comply with new rules for car loan interest, tips, overtime, and 1099-K thresholds.
• Navigating the One, Big, Beautiful Bill: Key Planning Moves for US Taxpayers — With the enactment of the One, Big, Beautiful Bill (OBBB) in July 2025, major changes—like boosts to standard deductions, senior deductions, tip/overtime deductions, and car loan interest relief—offer new planning opportunities. This article shows how to make the most of them.
• Digital Nomad Tax Insights: Foreign Earned Income Exclusion & AMT Adjustments in 2026 — For digital nomads earning abroad, changes to the foreign earned income exclusion and AMT exemption can significantly affect your tax planning—learn how to optimize your tax position overseas.
• Ensuring Compliance with New Reporting Rules for Vehicle Interest & 1099-K Under OBBB — Recent IRS guidance under the One, Big, Beautiful Bill introduces new reporting requirements for both car loan interest and 1099-K—learn what documentation you need and how to stay compliant.
• Tax Planning Strategies After the 'One, Big, Beautiful Bill': Inflation Adjustments and Thresholds for 2026 — Discover how recent IRS inflation adjustments and changes from the One, Big, Beautiful Bill impact standard deductions, credit limits, and reporting thresholds—and what you can do now to plan smart.
• Entity Setup Strategies for Digital Nomads: US Tax Considerations & Best Structures — For digital nomads earning US-source or international income, picking the right entity setup can save you taxes, protect you legally, and streamline compliance—this guide helps you compare options and decide what fits best.
• Compliance Imperatives: Employers’ Duties in Reporting Tips & Overtime Under the OBBBA — With new information reporting rules for tips and overtime kicking in, employers must understand what’s required now versus what’s optional in 2025—and how to avoid penalties moving forward.
• Tax Planning Under the One Big Beautiful Bill: How to Maximize Deductions for Tips & Overtime — New US law offers deductions for qualified tips and overtime—this article shows you who’s eligible, what the limits are, and how to prepare your employer or payroll if you're a business owner.
• Digital Asset Reporting: What Brokers and Nomads Should Know Now — New IRS rules for digital asset reporting under section 6045 and related relief notices affect brokers, digital nomads, and freelancers—learn what’s required, what’s exempted, and how to avoid penalties.
• Five Tax Strategies for US Individuals with Rising 401(k) & IRA Contribution Limits in 2026 — With higher contribution limits for 2026, it’s a smart time for individuals to rethink retirement savings, Roth conversions, and tax-efficient investing to seize maximum benefits.
• Navigating Penalty Relief for Employers under New Tip and Overtime Reporting Rules — Under the One, Big, Beautiful Bill, new reporting rules for cash tips and qualified overtime take effect in tax year 2025—but the IRS is offering relief. Learn what’s required, what’s forgiven, and how to stay compliant.
• Digital Nomads and US Taxes: What the Foreign Earned Income Exclusion Increase Means for 2026 — With the Foreign Earned Income Exclusion rising for 2026, digital nomads should revisit their housing, income, and residency planning to maximize savings.
• Compliance with the No Surprises Act: QPA Indexing for 2026 and What Employers Must Do — New guidance in Notice 2025-65 updates how the Qualifying Payment Amount (QPA) will be indexed in 2026—fallout for employers and health plans under the No Surprises Act.
• Maximizing Your 2025 Deductions: Strategies for Tax Planning Under the One, Big, Beautiful Bill — Explore key planning moves to reduce taxable income this year, optimize available credits, and anticipate changes for 2026 under the One, Big, Beautiful Bill.
• Case Study: Digital Nomad and Foreign Earned Income Exclusion under New Inflation Adjustments — As inflation adjustments under OBBB increase thresholds, this case study explores how a digital nomad can leverage the Foreign Earned Income Exclusion in 2026 and what to watch for in 2025.
• Compliance Guide: Reporting Requirements for Clean Vehicle, Energy Credits & Thoughtful Deadlines — With many energy and clean vehicle credits expiring soon under the new law, this guide walks through what you must report and what to do to stay compliant through these transitions.
• Tax Planning Strategies Under the One, Big, Beautiful Bill: Tips, Overtime & Car Loan Interest — New deductions under the One, Big, Beautiful Bill open up tax planning opportunities for those who earn cash tips, overtime, or have car loans. Learn how to maximize them before transitional provisions end.
• Digital Nomads & IRS: What the OBBB Means for Your Remote Income — If you're earning income remotely while traveling or living abroad, the One Big Beautiful Bill impacts thresholds, reporting, and deductions—know them to protect your global income.
• What Small Businesses Need to Know: Reporting Requirements & Penalty Relief in 2025 — New reporting rules under OBBB bring complexity in 2025—with the IRS offering penalty relief—but you’ll need systems to comply starting 2026.
• Maximizing Your Tax Savings Under the New 2026 Inflation Adjustments — With the One Big Beautiful Bill in place, 2026 brings significant changes to deductions, tax brackets, and standard deductions—here’s how to leverage them.
• Entity Setup & Digital Nomad Edge: Using Foreign Earned Income Exclusion in Conflict Zones — For digital nomads and expatriates forced to leave foreign tax domiciles due to conflict, recent IRS waivers can help preserve foreign earned income exclusions—strategies to structure business & travel around these changes.
• Compliance Essentials: Penalty Relief and Reporting Relief Under OBBBBA in Transition Year 2025 — During the first implementation year of the One, Big, Beautiful Bill, the IRS is offering transition penalty relief—but only if taxpayers and payors comply with certain conditions. Here’s what you need to know.
• Navigating the One Big Beautiful Bill: Tax Planning Tips for Qualified Overtime, Tips & Car Loan Interest Deductions — The One Big Beautiful Bill has introduced new deductions for qualified tips, overtime pay, and passenger vehicle loan interest—this article breaks down how to plan ahead and maximize benefits under the new law.
• Digital Nomad Guide: Managing U.S. Tax Filing with Remote Work Abroad — Essential tips for U.S. expats working remotely—how to handle self-employment income, foreign earned income exclusions, and treaty benefits.
• IRS Grants Penalty Relief for 2025 IRS Reporting on Tips & Overtime Under OBBB Act — New guidance offers relief for employers and payors facing obligations under recent law—what you need to know to avoid penalties.
• Maximize Your Retirement Savings: 401(k) and IRA Contribution Limits for 2026 — Learn the new contribution limits and explore smart strategies to leverage 2026’s higher thresholds for retirement account savings.
• How One Big Beautiful Bill Is Changing Withholding & Reporting in 2025 — Several new IRS guidance pieces under OBBB are changing thresholds and reporting rules—affecting everything from Form 1099-K to tip reporting and withholding.
• Maximize Your Retirement Savings: Leveraging 2026 Contribution Limits — With new higher contribution limits for 2026 announced by the IRS, it’s time to unlock more retirement savings potential—especially for those aged 50-63.
• Understanding Current IRS Interest Rates and What They Mean for You — No rise in IRS interest rates for Q1 2026 means timing matters when managing underpayments, overpayments, or planning refunds.
• Navigating Employer Reporting Changes for Tips & Overtime Under the OBBB — New reporting rules under the One, Big, Beautiful Bill are changing how employers must report tips and overtime—and IRS is offering transition relief for 2025.
• Maximizing Retirement Savings: 2026 Contribution Limits and Phase-Outs You Need to Know — With 2026 just around the corner, the IRS has raised key retirement account contribution limits. This article shows you how to use the increases to your advantage—no matter your income or age.
• Digital Nomads & Foreign Earned Income Exclusion: What the 2025-Waiver Expansion Means — The IRS expanded waiver countries for FEIE minimum time tests in 2025; digital nomads in affected countries can claim foreign earned income exclusion if they meet the new rules.
• Payroll & Tip Reporting Under OBBB: Compliance Guide for Employers in 2025 — New requirements for reporting cash tips and overtime under the One, Big, Beautiful Bill (OBBB) bring both obligations and temporary relief—here’s what employers must do.
• Harnessing New Retirement Limits: Smart Planning for 2026 401(k) & IRA Updates — IRS raised contribution limits for retirement accounts in 2026. Here’s how individuals can plan ahead to maximize benefits under the One, Big, Beautiful Bill (OBBB).
• Digital Nomads & Foreign Income: Navigating the Foreign Earned Income Exclusion Post-OBBB — Recent inflation adjustments and tax law changes affect how digital nomads can benefit from the Foreign Earned Income Exclusion—timing and residency tests matter now more than ever.
• What Employers Need to Know: Penalty Relief for 2025 Reporting Under the One, Big, Beautiful Bill — Under the new One, Big, Beautiful Bill, employers get a temporary pass on reporting penalties for tips and overtime in 2025—but there are strings attached.
• Maximizing Your 2026 Retirement Contribution Limits: What Savers Need to Know — With the IRS boosting retirement plan limits for 2026, it’s crucial to understand how these changes affect your savings strategy and eligibility.
• Case Study: Disaster Relief for Alaska Businesses Under Typhoon Halong — Alaskan individuals and businesses in certain boroughs have new deadlines and abated penalties following severe storms and flooding—see how the relief works and what you should do.
• Compliance Checklist for Employers: Navigating New Reporting & Penalty Relief for Tips and Overtime — Under the OBBB Act, updated reporting requirements for tips and qualified overtime compensation carry penalty relief for 2025—here’s how employers should prepare to stay compliant.
• Maximizing Tax Planning under the One, Big, Beautiful Bill Act: What You Need to Know — New inflation-adjusted thresholds and permanent tax breaks under the OBBB Act open opportunities—from standard deduction hikes to child tax credits—that savvy taxpayers should leverage.
• Tax Strategies for Digital Nomads Under Recent US Inflation Adjustments and Deduction Changes — For remote workers living abroad or moving between states, recent inflation adjustments and reporting rule changes offer opportunities—and pitfalls—to navigate US taxes more efficiently.
• Navigating Penalty Relief Under the One, Big, Beautiful Bill for Tips, Overtime & Car Loan Interest — The OBBB law introduces complex reporting requirements for employees and lenders—but recent IRS notices offer penalty relief. Here’s how to stay compliant in 2025.
• How the New 401(k) and IRA Contribution Limits for 2026 Affect Your Retirement Planning — With increased contribution limits and cost-of-living adjustments, taxpayers need to understand the changes to retirement plans and how to make the most of them in tax year 2026.
• Living & Working Abroad: How Foreign Earned Income Exclusion Is Increasing in 2026 — U.S. expats benefit from higher exclusion limits in 2026—but residence, eligibility and treaty matters must be watched carefully.
• Understanding the New Remittance Transfer Tax & Penalties Relief — Starting in 2026 the U.S. is implementing a 1% excise tax on certain remittance transfers—and IRS is providing transitional relief from deposit penalties.
• Maximizing Retirement Contributions: IRS Updates for 2026 — Recent IRS inflation adjustments significantly change contribution limits for 2026—essential reading for savvy savers.
• Digital Nomads & the Foreign Earned Income Exclusion: What’s New Post-OBBB — The OBBB raised the foreign earned income exclusion for tax year 2026 to $132,900 and made changes that impact digital nomads. Learn how to plan foreign income reporting, housing exclusions, and eligibility.
• Compliance Essentials: New Reporting & Penalties Under OBBB — The OBBB introduces new reporting duties and transitional penalty relief for tips, overtime, and remittance tax. This article helps employers and payors stay compliant and avoid traps.
• Planning Tips for Eligible Deductions Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill made sweeping changes to standard deductions, adoption credits, senior deductions, and more. Here's how taxpayers can plan now to maximize benefits for tax years 2025 and 2026.
• Entity Setup Impacts: How OBBB Changes Affect Small Business Formation — Recent tax changes under the One, Big, Beautiful Bill reshape the cost-benefit landscape of forming and operating entities—these insights may shift your choice between LLC, S-Corp, and C-Corp.
• How Seniors Can Leverage the New Bonus Deduction & Inflation Adjustments — Seniors gain a new bonus deduction, expanded standard deduction amounts, and updated tax brackets—here’s how to benefit in 2025-2026.
• Maximizing the Remittance Transfer Excise Tax Relief Under the OBBB — Remittance providers will benefit from penalty relief for the first three quarters of 2026—but only if they comply with tight timing, safe harbor rules, and payment deadlines.
• Digital Nomads & Remote Workers: Working Abroad under the One, Big, Beautiful Bill — New rules under the OBBB affect digital nomads in reporting foreign income, foreign earned income exclusion, and international credit treatments—here’s what remote workers need to know.
• Compliance Essentials: Navigating New Reporting, Penalties & Thresholds in OBBB for Businesses — With the One, Big, Beautiful Bill introducing many new reporting requirements and penalties, staying compliant requires businesses and individuals to understand thresholds and transition relief.
• Smart Tax Planning Under the One, Big, Beautiful Bill: Inflation Adjustments & Key Changes for 2026 — Understanding how the One, Big, Beautiful Bill reshapes inflation adjustments for 2026 can unlock tax savings and improve planning tactics for individuals and businesses.
• What Employers & Taxpayers Must Know about OBBB’s FAQs on the Employee Retention Credit — The One, Big, Beautiful Bill Act introduced limits on Employee Retention Credit claims for quarters in 2021; recent FAQs clarify timing, appeal rights, and documentation obligations to avoid claim disallowance.
• Deducting Car Loan Interest Under OBBBA: Guide to ‘Qualified Passenger Vehicle Loan Interest’ — The One, Big, Beautiful Bill introduces a new deduction for interest on certain car loans and mandates reporting rules. Here's who qualifies, what to watch for in 2025, and how to leverage the benefit safely.
• Navigating the New Form 1099-K Thresholds: What Small Sellers & Gig Workers Need to Know — The One, Big, Beautiful Bill has rolled back the 1099-K reporting threshold to the pre-2021 level—more than $20,000 and over 200 transactions—offering relief for small sellers. Here's who this helps, what’s still taxable, and how to keep clean records.
• Staying Compliant as a Digital Nomad Under US Rules: Form 1099-K & TPSO Thresholds — Understanding new reporting thresholds under OBBB that could affect digital nomads receiving platform payments, with focus on Form 1099-K changes, backup withholding, and recordkeeping.
• 2026 Inflation Adjustments: What Every Taxpayer & Self-Employed Person Needs to Know — Key inflation adjustments for tax year 2026 under the One, Big, Beautiful Bill, including changes to standard deductions, tax rate brackets, child credit, and impact for small business.
• Maximizing Deductions Under the Onset of OBBB: Car Loan Interest & “No Tax on Tips” — Learn how new deductions under the One, Big, Beautiful Bill (OBBB) — including for car loan interest and tips — work in practice, how to qualify, and what the IRS reporting requirements are.
• Deductible Car Loan Interest: How Businesses & Consumers Can Leverage OBBB’s New Opportunity — The One, Big, Beautiful Bill introduces a deduction for car loan interest: here’s who qualifies, what lenders must report, and how to maximize benefits while avoiding missteps.
• 2026 Inflation Adjustments Under One, Big, Beautiful Bill: Boosts & Breakpoints Explained — Major inflation-based increases for 2026 take effect under OBBB — here’s how standard deductions, tax rates, and credits are shifting for taxpayers.
• Form 1099-K Threshold Reversion: What Sellers & Gig Workers Must Know — With the threshold for Form 1099-K reverting to $20,000 & 200 transactions under the One, Big, Beautiful Bill, sellers and gig workers need to reassess reporting obligations and avoid tax surprises.
• Digital Nomad Strategy: Foreign Earned Income Exclusion Rises—What It Means If You’re Abroad — The Foreign Earned Income Exclusion jumps significantly in 2026. If you live and work overseas, this could offset local tax differences and shape your income reporting strategy.
• New Relief for Disaster-Affected Taxpayers: Filing Extensions & Penalty Abatement — If you've been hit by disasters—storms, floods, typhoons—you may qualify for IRS tax relief that delays filing & payment deadlines through 2025 – 2026, sometimes with penalties waived.
• Maximizing 2026 Inflation Adjustments: What You Should Know Before Filing — Significant inflation adjustments under the new “One, Big, Beautiful Bill” for tax year 2026 mean updated brackets, deductions, and credits—understanding them now can save you from surprises.
• Compliance Made Easier: PTIN Fee Drop and Temporary Relief for Section 6050AA Reporting — Recent IRS guidance lowers PTIN fees and provides safe harbor for businesses reporting specified passenger vehicle loan interest—minimizing penalties for 2025.
• Maximizing Deductions: Understanding the New "Qualified Tips" Regulations under OBBBA — Recent IRS proposed regulations redefine what counts as "qualified tips" under the One, Big, Beautiful Bill Act—offering big deductions for tipped occupations but strict rules on eligibility.
• Case Study: How OBBB Impacts Digital Nomads with U.S. Tax Obligations — U.S. digital nomads face new opportunities and pitfalls under the OBBB—especially with cargo like tips, foreign income exclusion, and AGI phaseouts. Let’s explore.
• Navigating Compliance Under the One, Big, Beautiful Bill: What Businesses and Tax Pros Need to Know — From remittance tax obligations to reporting for tips and overtime, compliance under the OBBB era introduces both new burdens and relief windows—understand what your business must do.
• Strategic Tax Planning After the One, Big, Beautiful Bill: What Savvy U.S. Taxpayers Should Do Now — With the One, Big, Beautiful Bill (OBBB) reshaping deduction, credit, and reporting rules, proactive planning can save significant dollars. Here are strategies to adopt now.
• Navigating Interest Rates and Penalties: What to Know for Tax-Related Delays & Underpayments in Early 2026 — Interest remains high and rates haven’t budged for Q1 2026 — putting emphasis on avoiding underpayments and penalties, especially with new OBBB enforcement shifting into full effect.
• Compliance Under the One, Big, Beautiful Bill: Reporting Tips & Overtime Deduction Rules for 2025 — OBBB creates new reporting obligations for employers and deductions for taxpayers around tips and overtime for tax year 2025 — here’s how to stay compliant and avoid penalties.
• Maximizing Retirement Savings: Key 2026 Contribution Limit Increases and Planning Strategies — The IRS has announced new 2026 limits for retirement accounts — understanding these changes is crucial for optimizing your savings and tax outcomes.
• Entity Setup for Digital Nomads: Optimizing Structure with Recent U.S. Tax Adjustments — Digital nomads face unique entity and tax-structure choices—recent U.S. policy changes offer new opportunities for business structuring and minimizing tax burden while working globally.
• Compliance Alert: Accelerated Expiration of Energy & Vehicle Tax Credits Under OBBB — Several key clean energy, vehicle, and home improvement tax incentives are expiring earlier than expected under the One, Big, Beautiful Bill—taken effect dates matter now more than ever.
• Tax Planning for Gig Workers: Navigating Form 1099-K Changes Under the One, Big, Beautiful Bill — The One, Big, Beautiful Bill has changed the reporting thresholds for third-party payment platforms. Learn how these changes affect gig workers and what steps you can take now to stay compliant.
• Remittance Transfer Providers: Penalty Relief Comes with Strings Attached — As OBBB introduces a new excise tax on certain remittance transfers, the IRS is offering limited penalty relief for 2026—but only if providers meet tight conditions.
• Car Loan Interest Reporting Relief for 2025: Business Owners, Pay Attention! — OBBB introduces new reporting on car loan interest for 2025—but the IRS is giving transitional relief to ease the change for lenders and businesses.
• How The OBBB Is Changing Form 1099-K Thresholds: What Sellers Need to Know — The One, Big, Beautiful Bill has shifted the reporting requirements for Form 1099-K back to more familiar thresholds—and sellers using online platforms need to adapt now.
• New Car Loan Interest Deduction & Reporting: A Digital Nomad’s Guide to OBBB Relief — Under OBBB, taxpayers may deduct interest on car loans for personal-use vehicles and new reporting rules follow in 2025 with transition relief—what you need to know especially if you travel or work remotely.
• Form 1099-K Threshold Reversion: What Businesses and Gig Workers Need to Know — The reporting threshold for Form 1099-K has reverted under the One, Big, Beautiful Bill—this impacts many small businesses, self-employed individuals, and gig economy workers.
• Maximizing the One, Big, Beautiful Bill: Inflation Adjustments Every Tax Planner Must Know — Explore the key inflation updates under the One, Big, Beautiful Bill for Tax Year 2026—changes that affect your standard deduction, AMT exemptions, estate exclusions, and more.
• Navigating Information Reporting for Vehicle Loan Interest Under New Section 6050AA Rules — New transitional guidance simplifies reporting duties for recipients of passenger vehicle loan interest payments in 2025—here’s what you need to update immediately.
• No Surprises Act Indexing: What the QPA Update for 2026 Means for Cost Sharing — The IRS has released new indexing factors for qualifying payment amounts (QPAs) effective January 1, 2026, which could meaningfully impact cost sharing under surprise billing protections.
• Capitalizing Interest for Property Improvements: Final § 1.263A-15 Rule Changes You Need to Know — Starting October 2, 2025, major new IRS rules change how businesses capitalize interest on improvements to designated property—here’s how to prepare.
• Digital Nomads & Foreign Earned Income Exclusion: War, Adversity, and the New Waiver Countries — Recent changes allow nomadic workers from certain countries to waive residency or presence tests when filing under foreign earned income exclusion—a vital update for many mobile professionals.
• New Penalty Relief Under OBBB: What Employers Should Know About Reporting Tips & Overtime in 2025 — The One, Big, Beautiful Bill Act introduces new reporting requirements for tips and overtime in 2025—discover the penalty relief options available now.
• Maximizing Retirement Savings: Understanding the 2026 401(k) & IRA Contribution Limits — Get ahead of 2026 by learning the updated contribution limits for retirement accounts and how strategic contribution timing can optimize tax benefits.
• Compliance Checklist: What Businesses Need to Know About Paper Check Phase-Out Starting 9/30/2025 — With paper tax refund checks being phased out and electronic payments becoming mandatory, businesses and individuals need to update practices to stay compliant by September 30, 2025.
• Digital Nomads & U.S. Opportunity Zones: How Rural QOZ Rules Under OBBB Open New Doors — New rules for Qualified Opportunity Zone (QOZ) rural areas under OBBB now lower improvement thresholds and clarify what counts as “rural”—a big deal for investors and remote workers eyeing tax-efficient real estate in outlying zones.
• Planning Your Taxes for 2026 Under the One, Big, Beautiful Bill’s Inflation Adjustments — New inflation adjustments from the OBBB law are changing standard deductions, tax brackets, and more—planning early can mean saving thousands.
• Compliance Spotlight: Adapting to the One, Big, Beautiful Bill’s 2025 Reporting Threshold Changes — Recent legislation reset big reporting thresholds and introduced expanded excise tax reporting obligations—essential for compliance for businesses and individuals alike.
• Corporate Entity Setup: Choosing the Right Structure for US Small Businesses — Picking between S-corp, C-corp, LLC, or partnership can reshape your taxes. Get clarity on structure, liability, and savings.
• Maximizing Deductions as a Digital Nomad: Foreign Earned Income Exclusion and Housing Cost Limits — If you’re living abroad or traveling extensively, knowing how to leverage the Foreign Earned Income Exclusion and housing expense limits can keep your US tax bill manageable.
• What Digital Nomads Should Know About the IRS Foreign Earned Income Exclusion Increase for 2026 — The Foreign Earned Income Exclusion has once more increased under OBBB: digital nomads could deduct more foreign wages in 2026, but need to understand eligibility tests and phase-outs.
• Compliance Focus: Navigating the OBBB Reporting Relief for 2025 Employers — The IRS has granted generous transition relief for new information reporting mandates under the One, Big, Beautiful Bill — employers need to understand what to report (or not) and when penalties will be enforced.
• Maximizing the New Inflation Adjustments for 2026: Smart Tax Planning Strategies — With the IRS’s Inflation Adjustments for Tax Year 2026 now released under the One, Big, Beautiful Bill (OBBB), savvy taxpayers can apply forward-looking planning to lower their tax burden.
• How OBBB’s New Car Loan Interest Reporting Affects Borrowers & Lenders — Beginning with loans incurred after December 31, 2024, certain car loan interest is deductible and information reporting is required—but the IRS provides transitional relief for 2025 to ease compliance.
• Navigating the Reverted 1099-K Threshold: What Small Sellers Must Know — The One, Big, Beautiful Bill reverts the reporting threshold for third party settlement organizations back to over $20,000 and more than 200 transactions—impacting many online sellers and gig workers.
• Maximizing Tax Savings in 2026: Inflation Adjustments You Should Know — With inflation-driven changes kicking in for tax year 2026, everyone—especially families and small business owners—needs to understand how the standard deduction, tax brackets, and key credits are shifting to make the most of the One, Big, Beautiful Bill.
• Digital Nomads & the Foreign Earned Income Exclusion: What’s New for 2025-26 — New inflation adjustments and waivers for qualifying tests have reshaped how digital nomads are taxed. See updates to foreign housing limits and emergency waivers—so remote workers abroad can optimize their deductions.
• Compliance Deep Dive: Navigating 1099-K, Car Loan Interest & Vehicle Reporting Requirements — New IRS rules under OBBB change thresholds for 1099-K reporting and introduce information reporting for vehicle loan interest. Learn what businesses, lenders, and payees need to do to stay compliant.
• Maximizing U.S. Taxes in 2025: Inflation Adjustments & Standard Deductions Demystified — The IRS has released inflation adjustments under the One, Big, Beautiful Bill for Tax Year 2026—raising standard deductions, altering AMT thresholds, and tweaking credits like EITC. Here’s how to plan now to minimize surprises.
• Navigating the New Remittance Excise Tax: Digital Nomads, International Students & Frequent Senders Take Note — Starting January 1, 2026, a new 1% excise tax on certain remittance transfers takes effect. But for remittance providers, penalty relief has been built in—here’s how this affects senders abroad and those sending money home.
• New Reporting & Deduction Rules for Auto Loan Interest Under OBBB: What Lenders & Borrowers Must Know — The One, Big, Beautiful Bill introduces a temporary deduction and reporting requirements for auto loan interest. Transitional relief is in place for 2025—learn what lenders and borrowers should do now to comply without penalties.
• How the 1099-K Threshold Reversion Eases Tax Reporting Burden for Gig Workers — The IRS has restored the $20,000 AND 200-transactions threshold for 1099-K reporting under the One, Big, Beautiful Bill—what that means for small sellers and gig workers this upcoming filing season.
• How the New Remittance Transfer Tax Impacts Digital Nomads and International Senders — Starting Jan 1, 2026, a new 1% excise tax on certain remittance transfers kicks in—digital nomads and those sending money abroad need to understand who pays, what’s exempt, and how penalty relief works.
• Understanding Your 1099-K & 1099-MISC/NEC Reporting Thresholds After the OBBBA — The One, Big, Beautiful Bill restores higher thresholds for 1099-K and raises thresholds for 1099-MISC/NEC—learn what this means for gig workers, marketplaces, and small businesses.
• How the 2026 Tax Inflation Adjustments Can Reshape Your Tax Planning — The IRS has released the tax year 2026 inflation adjustments under the One, Big, Beautiful Bill—the changes to key thresholds like standard deductions, marginal brackets, and tax credits could significantly impact your planning.
• Planning a Digital Nomad Lifestyle? Foreign Earned Income Exclusion and Inflation Adjustments for 2026 — Digital nomads, there are key inflation adjustments for 2026—especially for the Foreign Earned Income Exclusion—that could affect how much you keep as you work abroad.
• What Businesses Need to Know: Remittance Transfer Tax & Relief Provisions from 2026 — Starting January 1, 2026, a new 1% excise tax on certain remittance transfers kicks in—here’s how providers can comply and leverage penalty relief offered by the IRS under Notice 2025-55.
• Maximizing the New Deductions Under the One, Big, Beautiful Bill: Car Loans, Tips, and Senior Bonuses — The One, Big, Beautiful Bill introduced sweeping new deductions—on car loan interest, tips, overtime, and senior income—that offer real savings for 2025–2028. Here’s how to take advantage wisely.
• Remote Work & Digital Nomads: U.S. Tax Implications under Recent Inflation Adjustments for 2026 — Annual inflation adjustments for 2026 change thresholds and exclusions relevant to U.S. remote workers abroad. Here's what digital nomads must monitor and plan for.
• Compliance Essentials: Employers & Payors Navigating Tips and Overtime Reporting Under OBBB — New reporting rules under the One, Big, Beautiful Bill require employers to change their information-reporting approach for cash tips and qualified overtime. Here's what compliance looks like in practice.
• Smart Tax Planning Strategies for the One, Big, Beautiful Bill: What Small Businesses Should Know — With the OBBB bringing sweeping changes, small businesses must adjust reporting practices and leverage new deduction opportunities now effective. This article explains how to plan ahead with practical strategies.
• Planning as a Digital Nomad: Foreign Earned Income & Taxation in 2026 — Digital nomads can benefit from expanded foreign earned income exclusions and moving expense considerations—but filing right and staying compliant remain vital.
• Navigating New Deduction Rules for Tips, Overtime & Car Loan Interest Under OBBB — The OBBB introduces novel deductions starting 2025 through 2028 for qualified tips, overtime, and car loan interest—key for both employees and self-employed workers.
• Maximizing the New Standard Deductions & Inflation Adjustments for 2026 — With the ‘One, Big, Beautiful Bill’ now in effect, major inflation-led changes are impacting standard deductions, tax brackets, and eligibility thresholds—key for anyone planning their 2025-2026 tax move.
• Entity Setup for Low-Income Housing Projects: Leveraging New IRS Compliance Regs — New final regulations around low-income housing compliance and the average income test introduce both opportunities and compliance obligations for entities setting up affordable housing projects.
• Tax Planning for US Digital Nomads: Key Insights Amid 2025 IRS Updates — Recent IRS rules and policies—from inflation adjustments to proposed sourcing rules—are especially relevant for digital nomads juggling foreign income, remote work, and cross-border finances.
• Navigating the 2025 1099-K Reversion: What Sellers Need to Know — With the One, Big, Beautiful Bill reverting the 1099-K threshold back to $20,000, sellers on marketplaces and gig platforms must understand what this means for reporting and compliance.
• Entity Structuring for Digital Nomads under the New Tax Landscape — With OBBB changes and higher deductions, digital nomads can structure their income and entity registration to optimize savings and compliance across the U.S. and overseas.
• Compliance Alerts: 1099-K Thresholds and Car Loan Reporting Requirements — To stay compliant under recent IRS rules, understand when to file Form 1099-K and when lenders must report interest received under OBBB—with new relief and deadlines in play.
• Maximizing Deductions Under the OBBB: Car Loan Interest & Standard Deduction Changes — Learn how recent changes under the One, Big, Beautiful Bill affect car loan interest deductions and inflation-adjusted standard deductions for 2025-2026—and how to use them to your advantage.
• IRS Rules on Resolutions in Tax Disputes: What Taxpayers Need to Know — Recent final IRS regulations redefine how & when the Office of Appeals steps in on tax controversies—vital for anyone facing audits or disputes.
• Using Final Regulations & Transitional Relief to Master Digital Asset Reporting — IRS final regs and notices offer relief and clarity for taxpayers and brokers on digital asset reporting—learn how to stay compliant without penalties.
• Navigating the New Classification Rules for Digital & Cloud Transactions — Recent final IRS regs clarify how digital content and cloud transactions are classified for international tax purposes—essential knowledge for businesses operating online.
• Opportunity Zones in Rural Areas: A Case Study for Investors under OBBB — For investors exploring Qualified Opportunity Zones, the reduced improvement thresholds in rural areas under OBBB create real chances for value-added impact and tax advantages.
• Compliance Essentials for New Excise Rules Under the One, Big, Beautiful Bill — Businesses sending remittances or lenders dealing with vehicle loans face new excise tax deposit requirements and reporting obligations—this article helps you comply without missteps.
• Maximizing Tax Year 2026 Inflation Adjustments Under the One, Big, Beautiful Bill — With 2026 standard deductions, tax brackets, and credits just raised, savvy taxpayers can reshape planning strategies to reduce liabilities and enhance savings.
• Tax Planning Strategies for Seniors Under the One, Big, Beautiful Bill: Maximizing the Additional $6,000 Deduction — Seniors can now access a new deduction under the One, Big, Beautiful Bill adding up to $6,000. Here’s how older taxpayers and their advisors can make the most of it before phase-outs hit.
• How the OBBB Penalty Relief Affects Your Payroll Reporting and What You Should Do Now — With new One, Big, Beautiful Bill rules around tips and overtime reporting introducing fresh complexity, the IRS’s recent penalty relief offers breathing room. Here’s what you need to know to stay compliant in 2025.
• What Entities Need to Know: Reporting Changes & Compliance in OBBB Era — Recent IRS policies change how businesses report car loan interest, remittances, and 1099-K thresholds — here’s what entities must do to stay compliant.
• How Inflation Adjustments Under the OBBB Affect Your Federal Tax Bill in 2026 — Major tax parameters from the One, Big, Beautiful Bill are being indexed for inflation in 2026—this article breaks down what's changing and how it may affect you.
• Maximizing Deductions Under the "No Tax on Tips" and Overtime Provisions of OBBB — New laws under the One, Big, Beautiful Bill (OBBB) let certain workers deduct qualified tips and overtime — here’s how to qualify and what to watch out for.
• Case Study: Transition Relief for Remittance Transfer Providers Under OBBB — New guidance gives excise tax deadline relief to remittance transfer businesses—for three quarters of 2026. How these providers can take advantage.
• What Digital Nomads Need to Know About the Reverted Form 1099-K Threshold — The IRS has restored the Form 1099-K filing threshold back to $20,000, affecting remote workers, freelancers, and nomads. Here's your compliance crash course.
• Maximizing Your Return: Tax Planning Strategies with the New Inflation Adjustments — With the IRS’s 2026 inflation adjustments now public, taxpayers have new opportunities to reduce liability and boost deductions. Here's how to strategize your tax year 2026 plan.
• What Digital Nomads Need to Know: Foreign Earned Income and Tax Threshold Changes in 2026 — With the foreign earned income exclusion rising and standard deduction shifts on the horizon, U.S. digital nomads must adapt their strategy now to stay compliant and minimize worldwide tax burdens.
• The ERC Deadline You Might Have Missed: Navigating New Limitations Under OBBBBA — The Employee Retention Credit (ERC) claims for Q3 & Q4 of 2021 filed after January 31, 2024 are now disallowed—unless they met very narrow criteria. If you filed late, this could cost you dearly.
• Maximizing 2026 Inflation Adjustments: Key Changes Every Taxpayer Should Know — The IRS has released inflation-adjusted figures for over 60 tax provisions for 2026 under the One, Big, Beautiful Bill, including updated standard deductions, rate brackets, and credits—essential knowledge for effective tax planning now.
• Navigating the $20,000 Form 1099-K Threshold Reversion Under OBBB: Compliance Checklist — As the IRS re-instates the 1099-K reporting threshold to $20,000 & 200 transactions, businesses and individuals must understand how the change impacts their reporting responsibilities.
• Maximizing Deductions Under the ‘No Tax on Tips’ Provision in the One, Big, Beautiful Bill — The One, Big, Beautiful Bill introduces a new deduction for “qualified tips” starting in 2025—this article explains how to identify eligible tips, occupations, and how to report them effectively on your return.
• Remote Work & Taxes: What Digital Nomads Must Know Under New U.S. Rules — The One, Big, Beautiful Bill Act’s changes, plus recent policy shifts, affect many digital nomads—international income, reporting, deductions, and where U.S. tax jurisdiction ends and home country begins.
• Compliance Essentials for Employers: Reporting Tips, Overtime & Vehicle Interest Under OBBB — With OBBB’s expanded reporting rules, employers must comply with new demands for Form W-2, Form 1099 & statements—for tips, qualified overtime & vehicle interest—in 2025; here's how to stay ahead.
• How to Maximize Your Deductions under the One, Big, Beautiful Bill Act — Discover how to use the new ‘No Tax on Tips’, ‘No Tax on Overtime’, senior, and car-loan interest deductions to save thousands in 2025 and beyond under the One, Big, Beautiful Bill.
• Opportunity Zones Go Rural: What Investors Should Know Following OBBB Guidance — Recent IRS guidance transforms investment in rural Qualified Opportunity Zones—reduced thresholds and clearer definitions offer new opportunity for savvy investors.
• Preparing for 2026: Inflation Adjustments You Can’t Ignore Now — The IRS has released critical inflation adjustments under OBBB for tax year 2026—learn how changes to standard deductions, AMT, and more will affect your tax profile.
• Maximizing the No Tax on Tips Deduction Under the One, Big, Beautiful Bill — New from the One, Big, Beautiful Bill Act: qualifying employees can deduct tips under specific occupations—here's how to take advantage and stay compliant.
• Digital Nomads and the Foreign Earned Income Exclusion in 2026: What’s New and How to Leverage It — For U.S. citizens working abroad or travelling long-term, the One, Big, Beautiful Bill raised the Foreign Earned Income Exclusion (FEIE). This article helps digital nomads optimize tax residency, housing deductions, and income sourcing in light of the new limits.
• Navigating the Revised Form 1099-K Rules: Compliance for Sellers, Gig Workers, and Platforms — Due to the One, Big, Beautiful Bill, reporting thresholds for Form 1099-K have reverted, greatly affecting small sellers and gig workers. This article outlines compliance duties, what’s changed, and real-world examples of how to avoid pitfalls.
• Maximizing the One, Big, Beautiful Bill Changes: Smart Tax Planning Strategies for 2026 — The One, Big, Beautiful Bill (OBBB) brings major inflation adjustments and reform for tax year 2026—raising standard deductions, child credits, and more. In this article, we’ll explore how individuals and families can **structure income, deductions, and timing** to allege maximum benefit under these changes.
• Entity Setup & Structure: Qualifying Opportunity Zones in Rural Areas Under New OBBB Rules — Investment in rural Opportunity Zones just got easier—learn how the OBBB lowers barriers and what businesses & investors need to know to qualify.
• Compliance Essentials in 2025: Navigating Penalty Relief & Reporting Requirements Under OBBB — New relief provisions under the One, Big, Beautiful Bill give taxpayers and payors breathing room—but only if you understand the rules and how to act now.
• Mastering 2026 Inflation Adjustments: How the One, Big, Beautiful Bill Reshapes Key Tax Thresholds — Understanding the newly announced 2026 inflation adjustments is essential for effective tax planning—learn what’s changing and how to capitalize.
• Freelancers, Digital Nomads, and the Foreign Earned Income Exclusion in 2026 — With the OBBB raising the foreign earned income exclusion for tax year 2026, digital nomads can now exclude up to $132,900—here’s how to apply it and avoid common pitfalls.
• Reporting Car Loan Interest Under OBBB: What Lenders and Businesses Need to Know in 2025 — New reporting requirements for car loan interest under section 6050AA take effect in 2025—here’s practical guidance for lenders and businesses on compliance steps and transitional relief.
• How the One, Big, Beautiful Bill Transformed Annual Inflation Adjustments for Tax Year 2026 — The OBBB introduced sweeping inflation updates affecting standard deductions, AMT exemptions, estate tax limits, and more—understanding these shifts can optimize your tax planning this year.
• Digital Nomad Guide: Foreign Earned Income Exclusion Increase & 1099-K Thresholds — Critical rule changes for remote workers abroad: how higher foreign income exclusions and shifting 1099-K thresholds affect overseas income and digital services.
• Navigating Compliance: New Reporting for Car Loan Interest Under the OBBB — Learn what lenders and businesses must do in 2025 and beyond under section 6050AA to report car loan interest and avoid penalties, plus what individuals should expect.
• Optimizing Tax Inflation Adjustments Under the One, Big, Beautiful Bill for 2026 — How savvy taxpayers can harness new deductions, exemptions, and credit thresholds announced for tax year 2026 to reduce liabilities under the One, Big, Beautiful Bill.
• Transitional Relief for Car Loan Interest Reporting: What Businesses Need to Know — Businesses that finance vehicle purchases must comply with new reporting under OBBB—but IRS Notice 2025-57 provides special relief for 2025. Here’s how lenders and interest recipients can stay compliant without penalties.
• Navigating the Form 1099-K Changes Under the New Law: What Gig Workers and Small Businesses Must Know — The One, Big, Beautiful Bill resets the Form 1099-K reporting threshold—and that can have significant consequences for gig workers, small e-commerce businesses, and anyone receiving payments through platforms.
• How the IRS’s Phase-Out of Paper Refund Checks Affects Digital Nomads and Others — Starting September 30, 2025, individual taxpayers will no longer receive paper refund checks except in limited cases. This shift—mandated by Executive Order 14247—has big implications for remote workers abroad, unbanked individuals, and others without regular U.S. bank access.
• Entity Setup for Digital Nomads: Navigating US Tax Rules While Abroad — For nomads living abroad—or splitting time internationally—choosing the right entity structure and understanding residency rules makes all the difference. Here's how to set up effectively under US jurisdiction.
• Compliance Essentials: Reporting & Penalties during the Transition Year for OBBB Tax Changes — The One, Big, Beautiful Bill introduces new reporting requirements—for tips, qualified overtime, and car loan interest—yet IRS is providing relief during 2025. Here's what you need to know to stay compliant without getting penalized.
• Maximizing Standard Deduction & Credits under the One, Big, Beautiful Bill for 2026 — How new inflation adjustments and tax law changes under the One, Big, Beautiful Bill affect standard deductions, tax brackets, and credits—here’s how you can plan wisely.
• Entity Setup Insights: Structuring Opportunity Zone Investments in Rural Areas Post-OBBBA — Learn how new IRS guidance under the OBBBA reshapes entity setup strategies for rural Opportunity Zones—including compliance, structuring, and potential pitfalls.
• Compliance Essentials for US Businesses: Reporting & Information Changes in Late 2025 — New reporting obligations and thresholds under recent Treasury and IRS guidance require businesses to update their compliance systems now to avoid penalties, especially with respect to passenger vehicle interest and Form 1099-K.
• Crafting Smart Tax Planning Strategies with the One, Big, Beautiful Bill for 2025 — Discover how recent changes under the One, Big, Beautiful Bill open up new tax-planning doors—from adjusted standard deductions to higher Section 179 limits—and learn actionable strategies now.
• What Digital Nomads Need to Know under Recent US Tax Law Changes — From tipping rules to income thresholds, recent IRS policy under the One, Big, Beautiful Bill Act introduces changes that impact digital nomads — discover how to stay compliant and optimize your tax situation while working remotely globally.
• Compliance Essentials for US Businesses: 1099-K, PTIN, and Excise Tax Updates in Late 2025 — Recent IRS announcements require businesses and tax professionals to update practices around Form 1099-K reporting, tax preparer identification, and excise tax remittance — here’s what to do now to stay compliant.
• Maximizing Tax Planning in 2025: Inflation Adjustments and OBBB Act Strategies — Learn how significant inflation adjustments and permanent changes under the One, Big, Beautiful Bill Act reshape the 2025 tax-planning landscape — including standard deductions, child tax credits, and phase-outs.
• Compliance Alert: New PTIN Fee & Phase-Out of Paper Refund Checks — Here are two critical IRS compliance changes—PTIN fee reduction and ending paper tax refund checks—and what professionals and taxpayers need to act on now.
• Entity Setup: Choosing the Right Entity Type for Remote or Digital Nomad Businesses — Entity selection affects taxes, liability and your global operating flexibility—this guide helps digital nomads choose the best structure.
• Maximizing Education Savings Under OBBB: 2026 Inflation Adjustments & Planning Tips — Learn how the One, Big, Beautiful Bill’s 2026 inflation adjustments reshape education-related tax savings—and concrete steps you can take now.
• Digital Nomads and the IRS: Navigating Tax Obligations in a Mobile World — As remote work becomes the norm, digital nomads must understand their U.S. tax obligations to avoid penalties and ensure compliance.
• Understanding the 'No Tax on Tips' Provision: What Service Industry Workers Need to Know — A comprehensive guide to the IRS's proposed 'No Tax on Tips' provision, including its implications for tipped employees and employers.
• Navigating the Phase-Out of Paper Tax Refund Checks — Learn about the IRS's plan to phase out paper tax refund checks by September 30, 2025, and how to prepare for the transition to electronic payments.
• Maximizing Tax Benefits: A Guide to the 2026 Inflation Adjustments — Explore the IRS's recent inflation adjustments for tax year 2026 and learn how to optimize your tax planning strategies.
• Digital Nomads and U.S. Tax Obligations: Navigating Compliance in a Remote World — A comprehensive guide for digital nomads on understanding and fulfilling U.S. tax obligations while working remotely across the globe.
• Maximizing Benefits from the Inflation Reduction Act: A Guide for Taxpayers — Explore the key tax provisions of the Inflation Reduction Act and how taxpayers can leverage them for maximum benefit.
• Navigating the New Corporate Alternative Minimum Tax: Strategies for Compliance — An in-depth look at the recently introduced Corporate Alternative Minimum Tax (CAMT) and practical strategies for businesses to ensure compliance.
• Entity Setup for U.S. Entrepreneurs: Insights from Canada's Draft Tax Legislation — Discover how Canada's proposed tax measures can inform U.S. entrepreneurs on entity setup and tax planning strategies.
• Tax Planning for Digital Nomads: Adapting to Canada's Rescinded Digital Services Tax — Learn how Canada's recent repeal of the Digital Services Tax impacts digital nomads and explore tax planning strategies to optimize your tax obligations.
• Navigating the IRS Appropriations Lapse: Compliance Strategies for Taxpayers — Explore how the recent IRS appropriations lapse affects tax compliance and discover strategies to stay compliant during limited IRS operations.
• Choosing the Right Business Entity: A Guide for U.S. Entrepreneurs — A comprehensive guide to selecting the appropriate business entity for U.S. entrepreneurs, highlighting tax implications and operational considerations.
• Tax Planning Strategies for Digital Nomads: Navigating the Complexities of International Taxation — Essential tax planning tips for digital nomads to manage tax obligations across multiple jurisdictions effectively.
• Navigating the New Global Minimum Tax: Implications for U.S. Multinational Corporations — An in-depth analysis of the G7's recent agreement on global minimum taxes and its impact on U.S.-based multinational companies.
• Digital Nomads and the IRS: Understanding the 2025 Tax Implications — As a digital nomad, staying compliant with U.S. tax laws is crucial. Learn about the latest IRS updates and how they affect your tax obligations in 2025.
• Compliance Alert: IRS Phases Out Paper Tax Refund Checks Starting September 2025 — The IRS will begin phasing out paper tax refund checks for individual taxpayers starting September 30, 2025. Learn how to ensure compliance and receive your refunds promptly.
• Navigating the 2025 IRS Inflation Adjustments: Strategies for Tax Planning — Explore the latest IRS inflation adjustments for 2025 and discover actionable strategies to optimize your tax planning.
• Choosing the Right Business Entity: A Case Study on Tax Implications — An illustrative case study comparing the tax consequences of different business entity structures to guide entrepreneurs in making informed decisions.
• Digital Nomads and the IRS: Understanding Tax Obligations in a Global Landscape — An in-depth look at the tax responsibilities of U.S. digital nomads, including income reporting, foreign earned income exclusion, and strategies to remain compliant while working abroad.
• Navigating the Corporate Alternative Minimum Tax: Strategies for Compliance — Explore the new Corporate Alternative Minimum Tax (CAMT) introduced under the One, Big, Beautiful Bill, its implications for businesses, and strategies to ensure compliance.
• Choosing the Right Business Entity: A Comparative Analysis — Evaluate the pros and cons of various business structures to determine the optimal entity for your venture.
• Navigating Tax Compliance for Digital Nomads: Key Considerations — Understand the tax obligations and compliance requirements for U.S. citizens working remotely across the globe.
• Maximizing Tax Benefits: A Guide to the Qualified Business Income Deduction — Explore the intricacies of the Qualified Business Income (QBI) Deduction and learn strategies to optimize your tax savings.
• Tax Implications of Remote Work: A Guide for Digital Nomads in 2025 — Explore the tax obligations and benefits for digital nomads working across various states and countries in 2025.
• Filing Your 2025 Taxes: A Step-by-Step Compliance Guide — Navigate the complexities of filing taxes in 2025 with our comprehensive, step-by-step compliance guide to ensure accuracy and timeliness.
• Maximize Your Deductions: The 2025 Tax Planning Guide — Learn strategic approaches to maximize your tax deductions in 2025, ensuring you take full advantage of available credits and write-offs.
• The Impact of the 2025 Tax Reform on Corporations: A Case Study — This case study explores how the recent tax reform has transformed corporate tax strategies for US businesses, with insights from industry leaders.
• Navigating Tax Obligations as a Digital Nomad in 2025 — Remote work is booming, but so are the complexities of tax compliance for digital nomads. This article outlines essential considerations for US citizens working abroad.
• Maximizing Deductions: A Year-End Tax Planning Guide for Small Businesses — As the year comes to a close, small business owners can leverage various deductions to minimize their tax liabilities. This guide outlines practical strategies to optimize your tax situation.
• Real-World Impact: A Small Business's Journey Through IRS Audits — Follow the case study of a small business that navigated an IRS audit, highlighting key lessons learned and compliance strategies.
• Navigating State Taxes as a Digital Nomad in 2025 — Explore the tax obligations and planning strategies for digital nomads living and working across different states in the US.
• Mastering the 2025 Tax Code: Strategic Moves for Year-End Planning — As the end of the tax year approaches, discover essential strategies to optimize your tax situation and maximize deductions.
• New Tax Credits for Electric Vehicle Purchases — The IRS has announced new tax credits for electric vehicle purchases, aimed at promoting green energy.
• New Tax Credit for Renewable Energy Investments — A new tax credit aimed at promoting renewable energy investments has been proposed, potentially reshaping the energy sector's tax landscape.
• New Tax Credit for Renewable Energy Investments — A new tax credit aimed at incentivizing renewable energy investments has been proposed, potentially reshaping the energy landscape in the US.
• New Tax Credits for Renewable Energy Investments — The IRS has announced new tax credits aimed at encouraging investments in renewable energy sources.
• New Tax Credits for Renewable Energy Investments — The IRS has announced new tax credits aimed at promoting renewable energy investments, effective January 1, 2025.
• New Tax Credits for Renewable Energy Investments — The IRS has announced new tax credits aimed at encouraging investments in renewable energy sources, effective January 1, 2025.

Recent policy analysis

• FIRE System Retiring; IRIS to Replace it for Information Returns — The IRS is retiring the FIRE system and requiring filers of information returns (such as 1099s, etc.) to transition to the IRIS platform. Key deadlines include Nov 1, 2026 for test through FIRE test system; Nov 9 for TCC changes; Nov 19, 2026 at 3pm ET as the final day to file through FIRE for those returns.
• IRS provides guidance to States for nominating census tracts as Qualified Opportunity Zones under the One, Big, Beautiful Bill — Treasury & IRS issued Revenue Procedure 2026-14 guiding States (including DC & territories) how to nominate census tracts to be designated as Qualified Opportunity Zones (QOZs) beginning January 1, 2027. Eligibility includes Low-Income Communities, including those entirely rural. The nomination window opens July 1, 2026 for 90 days (with up to 30-day extension). New designations occur every ten years under OBBB.
• Treasury, IRS issue proposed regulations to make it easier for digital asset brokers to provide 1099-DA statements electronically — This policy proposes new rules enabling digital asset brokers, beginning January 1, 2027, to furnish Form 1099-DA statements electronically. It aims to reduce compliance costs, recognizing that most digital asset transactions are conducted electronically, but tightens rules around required customer notices, consent, and ongoing access to electronic statements. Entities must ensure customers are aware documents are furnished electronically and provide access. The policy does not force paper copies but offers streamlined electronic processes. Feedback (public comments) are requested for related issues including 1099-B and other statements. Implications include system updates for brokers and stronger recordkeeping by recipients.
• Treasury, IRS Issue Proposed Regulations to Make It Easier for Digital Asset Brokers to Provide 1099‐DA Statements Electronically — This proposal allows digital‐asset brokers, starting with statements furnished on or after January 1, 2027, to provide Form 1099-DA statements electronically without offering paper copies to those who consent, while requiring enhanced notice, continued access, and other requirements. Comments requested.
• More than half the U.S. States signed up to participate in the federal scholarship tax credit program enacted under the One, Big, Beautiful Bill — 27 states have elected to participate in the new Federal Scholarship Tax Credit (Section 25F of the Internal Revenue Code), which enables eligible taxpayers to claim up to \$1,700 credit for contributions to Scholarship Granting Organizations (SGOs) helping elementary and secondary education. State participation is voluntary; participating states must provide lists of qualified SGOs. The program begins effective for contributions in 2027.
• IRS Simplifies Penalty Relief, Introduces Automatic Process for Eligible Taxpayers (Automatic Exemption from Penalty – AEP) — As of July-2026, IRS is replacing First Time Abate with a new Automatic Exemption from Penalty (AEP) program. Under AEP, eligible taxpayers with a history of timely filing and paying (three prior years for annual filers; 12 consecutive quarters for quarterly filers) will automatically receive relief from failure-to-file, failure-to-pay, and failure-to-deposit penalties, without needing to request it. Applies to original returns due on or after January 1, 2027; also begins phasing in earlier for certain 2025 returns and 2026 quarterly returns.
• Treasury, IRS provide guidance to States for nominating census tracts as qualified opportunity zones under the One, Big, Beautiful Bill — Guidance issued via Revenue Procedure 2026-14 for how States, DC, and U.S. territories can nominate census tracts (including new rural-only tracts) to be designated as Qualified Opportunity Zones beginning January 1, 2027. Identifies 25,332 Low-Income Communities eligible, including 8,334 entirely rural tracts; nomination window July 1–Oct 2026 (90 days, with possible 30-day extension); restrictions per State on number of tracts that may be designated.
• Notice 2026-48: Intent to propose regulations regarding the Saver’s Match program — On August 7, 2026, the Department of the Treasury and IRS issued Notice 2026-48 announcing their intent to propose regulations for the Saver’s Match program, a federal retirement savings incentive starting in 2027. It is currently Proposed; businesses and retirement plan sponsors should plan for compliance requirements under future rules.
• Extension of SECURE 2.0 Act Amendment Deadline for IRAs (Notice 2026-9) — IRS Notice 2026-9 extends the deadline for certain amendments to IRAs, SEP, and SIMPLE IRA plans under the SECURE 2.0 Act to December 31, 2027 and clarifies that plans must be operated as if amendments applied retroactively. Failing to adopt compliant amendments by the deadline—or to have retroactive operations—may jeopardize plan qualification.
• IRS reminder: Information return e-file system transitioning to a new platform — The IRS announced that the longstanding FIRE system for submitting information returns will be retired after November 19, 2026. Filers must transition to the new Information Returns Intake System (IRIS) for filing information returns for tax year 2026 during the 2027 filing season. Key deadlines include November 1 (test filing through FIRE Trading Partner Test System) and November 9 (changes to transmitter control code).
• IRS reminder: Information return e-file system transitioning to a new platform (FIRE to IRIS) — The IRS announced in August 2026 that the FIRE system will be retired; filers of tax year 2026 information returns must transition to IRIS before the 2027 filing season. Key dates include last day to file test returns via FIRE (November 1, 2026), last day for transmitter control code changes via FIRE (November 9, 2026), and final day to file returns via FIRE (November 19, 2026).
• Interest rates remain the same for the fourth quarter of 2026 — The IRS announced that the federal interest rates for overpayments and underpayments will stay unchanged for the period beginning October 1, 2026. For individuals, the rate is 7% per year; for corporations, 6% on overpayments. Underpayment rate is 7% for individuals and 9% for large corporate underpayments. Rates are based on the July 2026 short-term federal rate.
• IRS announces tax relief for taxpayers impacted by severe winter storm and straight-line winds in the Fort Peck Assiniboine and Sioux Tribes; various deadlines postponed to Sept. 28, 2026 — Following a FEMA disaster declaration, the IRS is postponing filing and payment deadlines for individual, business, employment, and excise tax returns (both original and extended) and estimated tax payments normally due on or after Dec. 17, 2025, through Sept. 28, 2026 for affected areas. Penalties for late payment are abated if payments are made by the new deadline. This also applies to those outside the area whose necessary records are in the area, and to relief workers or visitors injured or killed due to the disaster.
• Revised GloBE Information Return Implementing President Trump’s Day One Executive Order — Release of revised Global Anti-Base Earnings (GloBE) Information Return. Implements an international tax compliance framework under Trump’s executive order, opposing the OECD global tax deal, introducing safe harbor and new reporting rules for U.S. multinationals to reduce compliance burden.
• IRS issues guidance on Section 45Z Clean Fuels Production Tax Credit (Notice 2026-53) — Notice 2026-53 provides the 2026 emissions rate table and guidance under the Working Families Tax Cuts for calculating the Clean Fuel Production Tax Credit. It includes rules excluding indirect land-use emissions, limitations on feedstock origin (U.S., Mexico or Canada), prohibition on negative emissions rates (except certain manure-derived fuels), and distinct manure emission rates. Safe harbor provided for 2025 production. Implications include altered credit amounts, stricter documentation, and eligibility shifts for producers.
• IRS issues notice on 45Z Clean Fuel Production Tax Credit to support domestic biofuel production and American agriculture — Guidance has been issued concerning the Section 45Z Clean Fuels Production Tax Credit—including eligibility rules for producers and how farmers, ranchers & biofuel operations can access and claim the credit—aimed at boosting domestic biofuel output.
• IRS accepting applicants for 2027 Compliance Assurance Process (CAP) program for corporations — The IRS opened the application period for the 2027 Compliance Assurance Process (CAP), a pre-filing program allowing large corporations to resolve tax issues ahead of filing, reducing audit risk and accelerating certainty.
• Treasury, IRS Move to End Tax-Exempt Status for Discriminatory Practices in Private Schools — The IRS and Treasury have issued proposed regulations to revoke federal tax-exempt status for private schools that continue to engage in racial discrimination, even if they mask discriminatory practices under labels like diversity or inclusion. Institutions must meet a clear standard of nondiscrimination to retain §501(c)(3) recognition.
• Final regulations changing threshold for backup withholding by third-party settlement organizations under IRC section 3406 — These regulations revise when certain third-party settlement organizations (TPSOs) must apply backup withholding (section 3406), clarifying de minimis payment exceptions and updating definitions per changes made by the One, Big, Beautiful Bill Act. The amendments affect amounts subject to withholding and situations when thresholds do or don’t apply.
• New electronic submission process for IRS Employee Plans letter ruling requests — Beginning August 26, 2026, taxpayers must use Form 15662 via the electronic process on Pay.gov for submitting IRS Employee Plans letter ruling requests under Rev. Proc. 2026-4. Paper submissions postmarked on or after September 4, 2026 will be returned. This modernizes and standardizes the submission process. Implication: employers and plan administrators need to transition to digital submissions to avoid rejections and delays.
• Digitally authenticated Tax Compliance Report now available — IRS now offers a secure, digitally authenticated Tax Compliance Report via the Individual Online Account, enabling taxpayers to download and share a report used by lenders or agencies that includes a built-in certificate confirming authenticity.
• IRS launches digitally authenticated Tax Compliance Report — IRS now offers a digitally authenticated Tax Compliance Report accessible via the IRS Individual Online Account. Taxpayers can securely download the report for use when proof of compliance is required (loan applications, governmental programs, etc.). The report includes a digital certificate to confirm authenticity.
• IRS establishes Office of Conservation Easements and transitions settlement process — IRS has created the Office of Conservation Easements to centralize expertise for valuation, policy, enforcement, and settlement strategy in conservation and historic preservation easement cases. The IRS is ending the uniform settlement-letter initiative (May 13 framework) going forward, though pending letters previously issued will be honored under their original terms.
• Treasury, IRS Propose Rules to Protect Refundable Tax Credits from Abuse by Illegal Aliens — Proposed rules intend to clarify eligibility requirements for refundable tax credits (such as EITC) to exclude individuals not lawfully present or otherwise barred by law from receiving them. Designed to ensure that taxpayer-funded credits are reserved for qualifying U.S. taxpayers under federal law.
• FAQs updated on limitation on deduction for business interest expense (§ 163(j)) — IRS released Fact Sheet FS-2026-14 (IR-2026-94) updating FAQs about the business interest deduction limitation under section 163(j), reflecting amendments from the Tax Cuts and Jobs Act and the One, Big, Beautiful Bill Act. Changes clarify statutory vs operational changes, remove obsolete CARES Act topics, re-designate Q&A topics. Effective as of August 19, 2026.
• Treasury, IRS proposes rules to protect refundable tax credits from abuse by illegal aliens — Proposed regulations (IR-2026-93) under PRWORA to clarify that the refunded portion of certain refundable credits (EITC, Child Tax Credit, American Opportunity Tax Credit, Adoption Credit) are federal public benefits; only U.S. citizens, nationals, or qualified aliens may receive the refunded portion. The non-refundable portions still available to others who qualify to offset tax liability.
• Guidance on employer credit for paid family and medical leave (Section 45S) — IRS Notice 2026-28 clarifies requirements under § 45S per the OBBB Act: specifies eligibility, calculation, documentation for employers to claim the credit for paid family and medical leave. Implication: employers offering or planning such leave must align policies to the law and documentation to IRS guidance to qualify properly.
• FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners — FinCEN issued a final rule (effective August 14, 2026) which **exempts U.S. persons who have obtained FinCEN IDs** from the requirement to update or correct previously submitted beneficial ownership information under the Corporate Transparency Act. It also removes from the database information previously reported by persons now exempt under the rule.
• IRS Introduces New Automatic Penalty Relief Process — IRS replaces First Time Abate with a new Automatic Exemption from Penalty (AEP). Taxpayers with a history of filing and paying on time over the past 3 years (or 12 consecutive quarters for quarterly returns) automatically get relief from penalties like failure-to-file, failure-to-pay, and failure-to-deposit without having to request it. Those who don’t qualify can still seek relief for reasonable cause.
• IRS Policy for Artificial Intelligence (AI) Governance (IRM 10.24.1) — The IRS issued revised policy effective August 10, 2026 governing AI governance, specifying oversight, inventory, guidance on generative AI use, and requiring contractors and employees to follow IRS record-management policy for AI systems. Supersedes earlier version dated February 10, 2026.
• Massachusetts sales tax holiday 2026 dates and exemptions — In 2026, Massachusetts designates a sales tax holiday on August 8-9. Purchases of most eligible retail items for personal use during those dates are exempt from sales and use tax, subject to limitations (e.g., $2,500 per item cap, business purchases excluded).
• Enhanced Digital Features for IRS Business Tax Account (IR-2026-87) — IRS expanded Business Tax Account capabilities: access to more digital notices, EIN verification notice CP575 downloadable, payment plan balance views, transcript access, managing payment schedules and users. Designed to improve self-service and reduce paper dependence.
• Notice 2026-28: Guidance on employer credit for Paid Family and Medical Leave under Working Families Tax Cuts — On August 5, 2026, Treasury and IRS issued permanent guidance clarifying how employers may claim the PFML employer credit under the Working Families Tax Cuts (WFTC), including documentation, eligible leave, and wage definitions. Businesses offering PFML should adjust policies accordingly.
• 2026 Cumulative List of Changes in Plan Qualification Requirements for Defined Benefit Qualified Pre-approved Plans (Notice 2026-34) — The IRS published the 2026 Cumulative List of qualification requirement changes for defined benefit pre-approved plans under Cycle 4; the submission period is August 1, 2026 through July 31, 2027. Plans must reflect these changes when filed to receive favorable opinion letters. Implication: plan providers must integrate recent legal changes into plan documents to avoid disqualification or rejection during Cycle 4.
• IRS announces tax relief for taxpayers impacted by severe storms and flooding in the San Carlos Apache Tribe; various deadlines postponed to Sept. 28, 2026 — Due to severe storms and flooding affecting taxpayers in the San Carlos Apache Tribe, the IRS postponed many tax and information return filing deadlines—including federal, corporate, estate, gift, income, and trust returns—through September 28, 2026, along with estimated income tax payments, under section 7508A.
• IRS Internal Revenue Bulletin 2026-32 – Estate Tax Regulations Related to Qualified Domestic Trusts — Final regulations under IRC § 2056A as published in IRB 2026-32, modifying rules for Qualified Domestic Trusts (QDOTs). These regulations are effective July 10, 2026, changing applicability dates in several QDOT-related regulation sections and clarifying procedures for filing Form 706-QDT and pay-out rules for estates of foreign spouse survivors and trust terminations. This affects any estate using QDOTs for U.S. citizen survivors married to non-citizens.
• Final regulations identifying certain charitable remainder annuity trust transactions as listed transactions — New final regulations effective July 9, 2026 designate certain Charitable Remainder Annuity Trust (CRAT) transactions and substantially similar transactions as listed transactions under IRC section 6011; this imposes new disclosure obligations and penalties for material advisors and participants, although charitable remaindermen whose only role is limited may be excluded.
• Final regulations naming certain charitable remainder annuity trust transactions as listed transactions — Final regulations (T.D. 10051) published July 8, 2026 declare certain CRAT transactions (e.g. when appreciated property is transferred to a CRAT, sold, portion used to buy a single premium immediate annuity, and the annuity payments are improperly characterized) as listed transactions. Material advisors and participating taxpayers must make disclosures or face penalties.
• Final regulations identifying certain CRAT transactions as listed transactions — IRS and Treasury issued final regulations (T.D. 10051) making certain Charitable Remainder Annuity Trust arrangements that transfer appreciated property and purchase SPIAs abusive, treating them as listed transactions. Material advisors and participants must file disclosures using Forms 8886 or 8918; failure to disclose triggers penalties. Effective on July 9, 2026.
• IRS will begin phasing in Automatic Penalty Relief (AEP) for 2025 returns and 2026 quarterly returns — IRS announced on July 8, 2026 a new automatic process (AEP) to waive certain failure-to-file and failure-to-pay penalties for taxpayers with a history of timely filings and payments, phased in starting with the 2025 tax year and 2026 quarterly returns. It will gradually replace First Time Abate.
• Department of the Treasury and IRS issue final regulations naming certain charitable remainder annuity trust transactions as listed transactions — Treasury and IRS finalized regulations that certain arrangements involving Charitable Remainder Annuity Trusts (CRATs) where property is transferred to a CRAT and then sold, with proceeds used to purchase a Single Premium Immediate Annuity to improperly shift income/capital gains, are designated as “listed transactions.” Material advisors and participants in such transactions must file disclosures and may face penalties for failure to do so.
• Automatic Exemption from Penalty (AEP) replaces First Time Abate for eligible returns — The IRS introduces the Automatic Exemption from Penalty (AEP), which automatically prevents certain penalties—such as failure-to-file, failure-to-pay, and, for businesses, failure-to-deposit—for taxpayers with a history of timely filing and payment, without requiring them to request relief. AEP applies to eligible original returns beginning with tax year 2025 and 2026 quarterly returns, and will fully replace First Time Abate for returns with due dates on or after January 1, 2027.
• IRS simplifies penalty relief: Automatic Exemption from Penalty (AEP) replaces First Time Abate — The IRS will transition from First Time Abate (FTA) to Automatic Exemption from Penalty (AEP) starting Summer 2026. Under AEP, eligible original returns (2025 tax year and 2026 quarterly returns and later) with a history of timely filings/payments over prior 3 years (or 12 quarters) are automatically granted relief from certain penalties (failure to file, pay, or deposit). FTA remains available during transition and for returns due Jan. 1, 2027 onward AEP is sole relief.
• Automatic Exemption from Penalty (AEP) replaces First Time Abate — New automatic penalty relief program replacing First Time Abate starting summer 2026. Applies to failure to file, failure to pay, and failure to deposit penalties for eligible original returns (tax year 2025 and 2026 quarterly returns) for taxpayers with a history of timely filing and payment. Not all penalties or return types qualify. FTA will be phased out for returns with due dates on or after January 1, 2027.
• IRS simplifies penalty relief; introduces automatic process for eligible taxpayers — The IRS has created the new Automatic Exemption from Penalty (AEP), replacing First Time Abate. Taxpayers with a history of timely filing and payment for the previous three years (or four consecutive quarterly returns) will automatically receive relief from certain penalties without needing to request it. It applies to original returns for tax year 2025, 2026 quarterly returns, and future periods.
• IRS introduces Automatic Exemption from Penalty (AEP) replacing First Time Abate — The IRS has announced a new automatic administrative penalty relief program—Automatic Exemption from Penalty (AEP)—which will replace First Time Abate. Beginning Summer 2026, taxpayers who meet eligibility requirements based on a history of timely filing and paying (three prior years or twelve consecutive quarters) will qualify for relief without needing to request it. AEP applies to eligible original returns for tax years starting 2025 and future quarterly returns, preventing assessment of certain failure-to-file, failure-to-pay, and failure-to-deposit penalties.
• Final regulations naming certain CRAT transactions as listed transactions (IR-2026-82) — Under IR-2026-82, final Treasury & IRS rules classify certain **Charitable Remainder Annuity Trust**-related arrangements (especially those involving property transfers, sales, and use of Single Premium Immediate Annuities) as **listed transactions**. Material advisors and participants must disclose involvement, and penalties apply for failure to disclose. Purpose is to curb perceived abuses where taxpayers attempt to avoid ordinary income or capital-gain recognition.
• Treasury, IRS issue final regulations naming certain charitable remainder annuity trust transactions as listed transactions — Final regulations (IR-2026-82) have been issued identifying certain arrangements purporting to be Charitable Remainder Annuity Trusts (CRATs) as “listed transactions.” Such abusive transactions involve contributions of appreciated property sold by the CRAT with proceeds used to purchase a single premium immediate annuity (SPIA), accompanied by claims that only the income portion of SPIA payments is taxable. Material advisors and participants must disclose involvement, and severe penalties apply for non-disclosure.
• IRS simplifies penalty relief, introduces automatic process for eligible taxpayers (AEP replacing First Time Abate) — Effective summer 2026, the IRS will automatically grant penalty relief (failure to file, pay, or deposit) to taxpayers with a history of timely filing and payment—three prior years (or 12 quarters) without late filings. This new Automatic Exemption from Penalty (AEP) will replace First Time Abate, eliminating the need for individual requests and simplifying compliance.
• Treasury, IRS issue final regulations naming certain charitable remainder annuity trust transactions as listed transactions (IR-2026-82) — IRS released final regulations that designate certain CRAT transactions (notably those transferring high value property into CRATs, selling it, and moving proceeds into single-premium immediate annuities) as **listed transactions**. Material advisors and participants must now file disclosure and are subject to penalties for non-disclosure—close to being classified under abusive tax shelter rules.
• IRS simplifies penalty relief, introduces automatic process for eligible taxpayers (IR-2026-83) — The IRS announced the new **Automatic Exemption from Penalty (AEP)** to replace the First Time Abate process. Under the AEP, taxpayers with a three-year history of filing and paying on time (or 12 consecutive compliant quarters for quarterly filers) will automatically receive relief from penalties for failure to file, pay, or deposit—so long as the returns are original returns for tax years 2025, 2026 or later. The First Time Abate relief will be phased out, and AEP becomes fully the standard for returns with original due dates on or after January 1, 2027. Not all returns are eligible (e.g. information returns, estate/gift returns).
• IRS, Security Summit launch summer series to help tax pros protect clients from identity theft — A newly launched five-week campaign beginning July 7, 2026 aims to provide tax professionals with tools and steps for protecting client data against evolving threats. Emphasis includes recognizing scams, implementing core safeguards, and responding effectively to data breaches. Part of IRS efforts to strengthen the integrity of tax administration. ([irs.gov](https://www.irs.gov/newsroom/irs-security-summit-launch-summer-series-to-help-tax-pros-protect-clients-from-identity-theft?utm_source=openai))
• IRS issues Internal Revenue Bulletin 2026-28: AFRs and proposed Qualified Opportunity Zones regulations — Notice 2026-38 and Revenue Ruling 2026-12 in IRB 2026-28 update the applicable federal rates (AFRs), adjusted AFRs, and other prescribed rates under sections 42, 382, 1274, 1288, 7520, etc., for **July 2026**, and Treasury/IRS announced intent to issue proposed regulations addressing the revised Qualified Opportunity Zone (QOZ) rules under the One, Big, Beautiful Bill Act, including transitional guidance.
• Notice 2026-40: Transitional Guidance on Qualified Opportunity Zones under §§ 1400Z-1 and 1400Z-2 — Treasury and IRS issue transitional guidance relating to QOZ investments under the One, Big, Beautiful Bill Act (OBBBA), clarifying how prior definitions (pre-OBBBA) apply to stock acquired on or before December 31, 2026, and defining terms like ‘‘qualified opportunity zone stock’’ and use and holding period rules during transition.
• Summer 2026 expanded features for Business Tax Account — The IRS expanded digital tools in its Business Tax Account portal: added digital notice library (e.g. CP081B, CP211A, CP134R), EIN verification notice CP575 download, and capability to submit payments for Offers in Compromise, among other improvements for eligible business entities.
• Notice 2026-23: Public Recommendations Invited for the Fiscal Year 2026-2027 Priority Guidance Plan — Treasury & IRS invite public input on items to include in the 2026-2027 Priority Guidance Plan. The plan prioritizes upcoming guidance projects (regulations, rulings, notices) ongoing July 1, 2026 through June 30, 2027. Themes include recently enacted legislation (such as OBBB), clarity in ambiguous tax areas, reducing burden, and promoting fairness. Recommendations are due by May 29, 2026.
• Summer 2026 expanded features for Business Tax Account (BTA) — The IRS expanded the features in the Business Tax Account platform including access to more digital notices (CP081B, CP211A, CP134R, etc.), ability for designated officials to download EIN verification notice CP575 (usable in lieu of Letter 147C), schedule and cancel payments up to a year in advance, view processed payments and transcripts, manage multiple bank accounts and give account access to eligible employees. These additions aim to simplify business tax compliance through enhanced digital self-service.
• IRS revises optional standard mileage rates effective July 1, 2026 — The IRS modified standard mileage rates for business (76¢/mile), medical & moving (23.5¢/mile), effective July 1, 2026. These rates apply to deductible costs for automobile operating expenses incurred and reimbursements paid on or after that effective date.
• IRS to provide Automatic Exemption from Penalty (AEP) starting Summer 2026 — The IRS announced that it will replace the First Time Abate (FTA) relief program with a new Automatic Exemption from Penalty (AEP) program starting in summer 2026. Under AEP, eligible taxpayers who have timely filed and paid taxes for the prior three years (or 12 quarters for quarterly filers) will have penalties for failure to file, pay, or deposit waived automatically when filing late, without requiring a request.
• Announcement 2026-11: Revised Optional Standard Mileage Rates Beginning July 1, 2026 — The IRS issued new standard mileage rates for business, medical, and moving purposes effective July 1, 2026, affecting tax deductions for vehicle use in eligible activities.
• Rev. Rul. 2026-12 Applicable Federal Rates for July 2026 — The IRS revenue ruling that sets out the short-term, mid-term, and long-term applicable federal rates (AFRs), adjusted AFRs, and related tax-exempt or housing credit percentages for federal purposes such as debt instruments, annuities, and valuation under IRC sections like 1274, 1288, 382, 7520, 7802, etc., applicable for July 2026.
• IRS Revises Optional Standard Mileage Rates, Effective July 1, 2026 — IRS revised the optional standard mileage rates for business, medical, and moving purposes, effective July 1, 2026, modifying Notice 2026-10. This impacts deductions for taxpayers who use the standard mileage rate instead of actual expenses.
• IRS simplifies penalty relief, introduces automatic process for eligible taxpayers. — Introduces Automatic Exemption from Penalty (AEP), which replaces First Time Abate for certain taxpayers beginning in summer 2026; eligible taxpayers need no separate request and meet timely filing/pay history requirements.
• Standard mileage rates revised effective July 1, 2026 — IRS modified the optional standard mileage rates starting July 1, 2026. Business mileage rate increased to 76 cents per mile; medical and moving (for those eligible) at 23.5 cents per mile. The charitable rate remains 14 cents per mile. These new rates affect deductions for business, medical, and moving transportation expenses, as well as employee reimbursements starting July 1, 2026.
• Automatic Exemption from Penalty (AEP) begins replacing First Time Abate — The IRS will introduce the Automatic Exemption from Penalty (AEP) in summer 2026, replacing First Time Abate. AEP will be applied automatically for eligible taxpayers—those with three years of timely filing and tax payment history—for failure to file, pay, or deposit penalties on eligible returns starting with tax year 2025 and 2026 quarterly returns. Not all penalties or return types are eligible. AEP requires no taxpayer action. Those eligible will receive a notice. First Time Abate becomes unavailable for returns due on or after January 1, 2027.
• Internal Revenue Bulletin: Revision of Standard Mileage Rates Effective July 1, 2026 — The IRS revised the optional standard mileage rates: 76¢ per mile for business travel, and 23.5¢ per mile for medical and moving purposes, effective July 1, 2026. The charitable rate remains 14¢. Applies to transportation expenses incurred on or after that date.
• IRS Simplifies Penalty Relief, Introduces Automatic Exemption from Penalty for Eligible Taxpayers — IRS replaces First Time Abate with an automatic process (AEP) that provides relief from failure-to-file, failure-to-pay, and (for businesses) failure-to-deposit penalties beginning for eligible original returns for tax year 2025 and 2026 quarterly returns. The relief is automatic for taxpayers with a history of timely filing and payment, without needing to request it. Those qualifying will receive a notice confirming relief. FTA is phased out; AEP full replacement occurs for returns due on or after January 1, 2027.
• Automatic Exemption from Penalty (AEP) Replacing First Time Abate — The IRS's new AEP program automatically provides relief from failure-to-file, failure-to-pay, and (for businesses) failure-to-deposit penalties for taxpayers with a timely compliance history (three years filing/payment history or 12 consecutive quarters for quarterly filers). AEP applies to original returns with due dates on or after January 1, 2025, and 2026 quarterly returns. It phases out First Time Abate, with full replacement for eligible returns due on or after January 1, 2027.
• Automatic Exemption from Penalty Replaces First Time Abate — The IRS introduced a program called Automatic Exemption from Penalty (AEP) beginning summer 2026. Taxpayers who have a history of timely filing and paying taxes over the prior 3 years (or 12 quarters for quarterly filers) may receive relief from certain penalties automatically. This replaces the First Time Abate program, reducing the need to request relief for failures to file, pay, or deposit. AEP applies to original returns starting with tax year 2025 and 2026 quarterly returns and beyond.
• IRS modifies standard mileage rates for business, medical and moving purposes for expenses incurred on or after July 1, 2026 — Announcement 2026-11 revises the optional standard mileage rates: business deduction rate increased to 76¢/mile, medical and moving expense rate increased to 23.5¢/mile. Applies to expenses paid or incurred and allowances paid on or after July 1, 2026. Charitable rate remains fixed at 14¢/mile. Key for deductions of travel, moving, medical expenses.
• Revenue Procedure 2026-25 – Safe Harbor for Gift Tax Treatment of Trump Account Contributions — Provides that contributions to Trump Accounts meeting specified conditions will be treated as completed gifts eligible for the annual per-donee gift tax exclusion, eliminating the requirement to file gift tax returns for such contributions.
• Revenue Procedure 2026-25: Safe Harbor for Gift Tax Reporting for Trump Account Contributions — This policy provides safe harbor relief under which individual donors making contributions to Trump accounts under the Working Families Tax Cuts may avoid the requirement to report those contributions as gifts for gift tax purposes, provided certain conditions are met. It clarifies how to elect an initial Trump account with Form 4547 before the year a child turns 18, includes a $1,000 pilot contribution option for children born 2025-2028, and aims to reduce burdens associated with gift tax reporting.
• Treasury, IRS provide safe harbor for certain contributions to Trump Accounts under the Working Families Tax Cuts — Revenue Procedure 2026-25 provides that contributions by donors to Trump Accounts opened under the Working Families Tax Cuts are not subject to gift tax reporting for the year if certain conditions are met. This relieves taxpayers concerned about triggering gift tax rules when funding these new children’s retirement accounts.
• Transfer Tax Safe Harbor for Certain Contributions to Trump Accounts (Revenue Procedure 2026-25) — Revenue Procedure 2026-25 establishes a safe harbor relating to **Trump Accounts** (a savings vehicle for children under the One, Big, Beautiful Bill). If individual donors meet specific requirements (contributions only to Trump Accounts before beneficiary turns 18, total gifts per beneficiary under the annual exclusion, etc.), then those Trump Account contributions are treated as **completed gifts not involving future interests**, and **donors are exempt from filing gift tax returns (Form 709)** solely for those contributions.
• Revenue Procedure 2026-25: Safe harbor for gift tax reporting for contributions to Trump Accounts — Rev. Proc. 2026-25 establishes a safe harbor so that qualified cash contributions by individuals to Trump accounts for minors (before age 18) are treated as completed gifts of present interests, eligible for annual gift tax exclusion (e.g. $19,000 in 2026), avoiding the need to file a gift tax return if conditions are met.
• Safe harbor under Rev. Proc. 2026-25 for certain contributions to Trump Accounts — Revenue Procedure 2026-25 establishes a safe harbor under the Working Families Tax Cuts for certain individual contributions to Trump Accounts. When requirements are met—e.g. contributions only to Trump Accounts, under annual exclusion amounts, and no other taxable gifts—such contributions are treated as completed gifts not of future interest, avoiding filing a gift tax return Form 709.
• Safe harbor for gift tax reporting for contributions to Trump Accounts — Under Revenue Procedure 2026-25, the IRS provides a safe harbor so that individual donors who meet specific conditions won’t have to file gift tax returns for contributions to Trump Accounts in a calendar year. Requirements include cash contributions before the beneficiary turns 18, gifts not exceeding the annual exclusion, and that no other gift tax filings are needed for that year. This reduces reporting burden for many contributors.
• Revenue Procedure 2026-25: Safe harbor for gift tax reporting for certain contributions to Trump Accounts — Revenue Procedure 2026-25 provides a safe harbor under US transfer tax rules. Under specified conditions (cash contributions to Trump Accounts for beneficiaries under age 18, total contributions per beneficiary not exceeding the annual exclusion, no other gift tax return required), donors may avoid gift tax and gift-tax return filing for those contributions. Helps simplify compliance under the Working Families Tax Cuts Act.
• Safe harbor for Trump Account contributions under Working Families Tax Cuts (Rev. Proc. 2026-25) — Revenue Procedure 2026-25 provides a safe harbor so that contributions by individual donors to Trump Accounts (section 530A) will be treated as completed gifts that are not gifts of future interests, qualifying for the annual exclusion, if donors meet criteria (cash gifts, beneficiary under 18, amount below annual exclusion, no other gift-tax return obligations). For 2026 annual per-donee exclusion is $19,000.
• Revenue Procedure 2026-25: Safe Harbor for Certain Contributions to Trump Accounts — Provides relief from gift tax reporting for individual contributions to Trump Accounts when certain requirements are met, including opening accounts via Form 4547 before the child’s 18th birth-year and eligibility for the $1,000 pilot program for children born 2025-2028.
• Statement on New Tax Professional Management Office (TPMO) – IRS Reorganization — IRS merges Return Preparer Office (RPO) and Office of Professional Responsibility (OPR) under a new Tax Professional Management Office to simplify and modernize interactions with tax professionals; structure takes effect June 28, 2026.
• Statement on new Tax Professional Management Office (TPMO) — Effective June 28, 2026, the IRS is merging its Return Preparer Office (RPO) and Office of Professional Responsibility (OPR) under a new division—the Tax Professional Management Office—to simplify how the IRS interacts with tax professionals. While oversight responsibilities remain distinct, the reorg makes credentialing, oversight, and authorization management more streamlined.
• Massachusetts Conformity to Certain Provisions in Public Law No. 119-21 (TIR 26-4) — Massachusetts decouples from retroactive and transition rules under P.L. 119-21 for domestic research & experimental expense deductions paid between January 1, 2022 and January 1, 2025. Also, state does not adopt certain modifications to qualified Opportunity Zone benefits for 2025-2026 taxable years.
• Notice 2026-36: Intent to issue proposed regulations under section 4960 for tax-exempt organization executive compensation — Notice 2026-36 announced on June 22, 2026, the Treasury Department and IRS intend to issue proposed regulations revising section 4960’s rules on ‘covered employees’ in excise tax rules—removing reference to the five highest compensated employees and providing for limited-hours and non-exempt funds exceptions during transition.
• IRS Introduces New Automatic Penalty Relief for Eligible Taxpayers (Automatic Exemption from Penalty, AEP) — The IRS is phasing out the First Time Abate program and launching AEP in summer 2026. Eligible taxpayers with three years of timely filing and payment history (or 12 consecutive quarters for quarterly filers) will automatically receive relief from certain penalties (failure-to-file, failure-to-pay, failure-to-deposit) without needing to request it. This begins applying for tax year 2025 returns and 2026 quarterly returns onward.
• Final regulations listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill (“No Tax on Tips”) — These final regs under OBBBA identify and codify occupations that customarily and regularly received tips as of Dec 31, 2024. They define “qualified tips,” set requirements (e.g. cash or equivalent, voluntary customer tips, etc.), provide a deduction for those tips, and allow many tipped workers to exclude those tips from taxable income (deduct on Schedule 1-A for tax year 2025 returns and forward). Effective date June 12, 2026.
• Final Regulations Regarding Tip Occupations Under the ‘No Tax on Tips’ Provision — Final regulations implementing the 'No Tax on Tips' provision under the One, Big, Beautiful Bill; these define which occupations qualify and what counts as qualified tips for deduction, helping workers receive refunds and comply with new reporting requirements.
• Final Regulations on Occupations Eligible for the “No Tax on Tips” Deduction — Final regulations under section 224 of OBBBA identify occupations that customarily and regularly receive tips as of December 31, 2024; define “qualified tips” including payment medium, voluntary tips vs service charges, tip pooling; effective June 12, 2026 for tips received beginning after December 31, 2024.
• Final Regulations Listing Occupations Where Workers Customarily and Regularly Receive Tips Under the One, Big, Beautiful Bill — These final regulations specify more than 70 occupations whose workers customarily and regularly receive tips, and define “qualified tips” that are eligible for a deduction under the One, Big, Beautiful Bill. Workers in these occupations (bartenders, servers, water taxi operators, etc.) may benefit from refunds already being issued and future more accurate reporting.
• Treasury and IRS issue final regulations listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill — These final regulations, effective June 12, 2026, list over 70 occupations that customarily and regularly received tips on or before December 31, 2024, define “qualified tips” (cash, card or equivalent, voluntary tips or tip-sharing), and allow eligible taxpayers in these occupations to claim a deduction for qualified tips in tax year 2025 returns.
• Final “No Tax on Tips” Regulations under Section 224 of the One, Big, Beautiful Bill — IRS and Treasury issued final regulations (TD 10044) implementing Section 224, which allows individuals in occupations that customarily and regularly received tips as of December 31, 2024, to deduct **qualified tips** from taxable income. The rules confirm which occupations qualify (servers, hairdressers, taxi drivers, etc.), clarify that service charges, mandatory gratuities, and digital asset tips are excluded, and address transition relief for taxpayers in “specified service trade or business” (SSTB) occupations until SSTB-specific regulations are finalized. This takes effect June 12, 2026.
• Final Regulations: Occupations that Customarily and Regularly Received Tips; Definition of Qualified Tips — IRS and Treasury issued final regulations under Section 224 of the Internal Revenue Code (added by the One, Big, Beautiful Bill Act) defining which occupations are eligible for the deduction for qualified tips, clarifying the definition of cash tips, excluding digital assets, limiting deductions, and establishing income phase-outs.
• IRS and Security Summit partners announce new framework to better protect taxpayers and tax revenue from fraud — IRS and its Security Summit partners introduced a reorganized public-private structure with five specialized work groups (Pre-Filing, Forecasting, Preventing, Detecting & Reporting, Responding) to enhance information sharing, early detection of risky behavior, and stronger defense against identity theft and fraudulent tax filings. Affects how individuals, businesses, payroll providers, software companies, and tax professionals manage security standards and respond to threats in the U.S. tax system.
• Notice 2026-33: Guidance on Qualified Long-Term Care Distributions under SECURE 2.0 — Notice 2026-33 provides new IRS guidance on the long-term care distribution rules added by the SECURE 2.0 Act. It clarifies how defined contribution plans may permit distributions to pay for certified long-term care insurance, the reporting requirements (issuer disclosures, premium statements), safe harbors for plan administrators, and extension deadlines for plan amendments. Distribution rules are effective for distributions made after December 29, 2025. Implications include new options for retirement plan participants and administrative requirements for insurance issuers and plan administrators.
• IRS announces that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program — Under Section 25F of the One, Big, Beautiful Bill (OBBBA), the Federal Scholarship Tax Credit allows eligible taxpayers to claim up to **$1,700** for contributions to Scholarship Granting Organizations in a participating state. As of **June 8, 2026**, **27 states** have formally elected to participate. Participation is voluntary at the state level. ([irs.gov](https://www.irs.gov/newsroom/more-than-half-the-us-states-signed-up-to-participate-in-the-federal-scholarship-tax-credit-program-enacted-under-the-one-big-beautiful-bill?utm_source=openai))
• Treasury, IRS intent to issue proposed regulations on excessive compensation for tax-exempt orgs (Notice 2026-36) — Notice 2026-36 announces that under section 4960, the definition of covered employee is expanded: any employee earning over $1 million or receiving excess parachute payments may be a covered employee, not just the prior top-5 highest paid. It grants transition relief allowing limited hours and nonexempt funds exceptions until further guidance. Impacts tax-exempt organizations and their executive pay structuring.
• Notice 2026-36: Intent to issue proposed regulations under section 4960 for excess tax-exempt organization executive compensation — Notice issued June 5, 2026 under the One, Big, Beautiful Bill Act (OBBB) expanding the definition of “covered employee” to include any employee of an applicable tax-exempt organization with compensation exceeding **$1 million** or receiving excess parachute payments. Establishes that regulations will address exceptions for limited hours or nonexempt funds, and clarifies temporal scope for tax years beginning after December 31, 2025.
• IRS to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill — Notice 2026-36 announces the intent to issue proposed regulations addressing excise taxes for excess compensation and excess parachute payments to employees of tax-exempt organizations, as mandated under the One, Big, Beautiful Bill. The regulations will define thresholds, scope, and mechanisms for the excess pay and parachute payment excise tax to ensure tax-exempt entities comply with compensation limits and are held accountable.
• IRS issues Notice 2026-36: Proposed regulations on excise tax for excess executive compensation under One, Big, Beautiful Bill — Notice 2026-36 announces intent of Treasury and IRS to issue proposed regulations under section 4960 concerning new rules on excess compensation and excess parachute payments for employees of tax-exempt organizations under One, Big, Beautiful Bill. It expands the definition of covered employee to include any individual paid over $1 million or receiving excess parachute payments and provides certain exceptions (limited hours, nonexempt funds) during transition until final regulations issued.
• IRS describes agency’s activities in fiscal year 2025 Data Book — The IRS published its 2025 Data Book, summarizing its operations: tax return filings, enforcement activities, customer service metrics, funding, compliance, and taxpayer assistance performance. Includes breakdown of audit rates, collection activities, and digital services usage. Helps stakeholders understand IRS’s resource allocation and service performance.
• Notice 2026-36: Proposed regulations for excise tax on excess compensation under OBBB — Treasury and IRS issue Notice 2026-36 announcing intent to issue proposed regulations under section 4960 to address tax on excess compensation and excess parachute payments for employees of Applicable Tax-Exempt Organizations (ATEOs) expanded under the One, Big, Beautiful Bill. The definition of “covered employee” is broadened beyond the top 5 compensated. Allows certain exceptions (limited hours, nonexempt funds) until future guidance issued. Comments requested by August 4, 2026.
• Notice 2026-36 – Regulations for excise tax on excess compensation for tax-exempt executive compensation expanded under OBBB — Treasury and IRS issued Notice 2026-36 to propose expanded rules under Section 4960 post-OBBBA: any employee of an applicable tax-exempt organization earning over $1 million or receiving parachute payments may be a covered employee. Notice solicits comments by August 4, 2026, and provides transitional relief/exceptions such as limited hours and nonexempt funds until further guidance is issued.
• Notice 2026-36: Intent to Issue Proposed Regulations on Excise Tax for Excess Compensation in Tax-Exempt Organizations — Under OBBBA, the definition of ‘covered employee’ is expanded: excise tax on excess compensation and parachute payments may apply to any employee with compensation exceeding $1 million or receiving excess parachute payments. Notice 2026-36 clarifies exceptions (limited hours, non-exempt funds) and solicits public comments on the forthcoming proposed regulations.
• Treasury/IRS proposed regulations under Section 892 grant grandfathering protection and transitional relief to foreign governments — On May 29, 2026, Treasury and the IRS issued additional guidance (IR-2026-69) modifying prior proposed regulations under IRC Section 892, to provide **grandfathering protection** and a **transition period** before stricter rules take effect. Foreign governments with holdings acquired before proposed applicability dates, or under binding commitments before those dates, may continue under old rules for certain income and holdings. A transition period of at least 90 days after publication (or until the first taxable year after) is provided. This change gives foreign sovereign investors clarity and time to adjust before the final rules apply.
• Treasury, IRS Issue Section 892 Proposed Regulations to Provide Grandfathering Protection and Transitional Relief to Sovereign Investors (IR-2026-69) — These proposed Treasury-IRS regulations clarify applicability dates for the Debt Acquisition Rule and Effective Control Rule under Section 892. They establish **grandfathering protection** for existing foreign government investments and a **transition period** (at least 90 days) to adopt the rules once finalized. The change aims to provide certainty to sovereign and non-US governments (including sovereign wealth funds) investing in the US passive income markets.
• Treasury, IRS issue Section 892 proposed regulations to provide grandfathering protection and transitional relief to sovereign investors — Additional guidance issued May 29, 2026 by Treasury and IRS clarifying applicability dates of proposed regulations under IRC Section 892. The guidance introduces a grandfathering rule to protect existing sovereign investments from new commercial-activity tests, and provides a transition period (at least 90 days post-publication or until the start of the next taxable year) for foreign governments to comply once final regulations are published. These changes impact foreign governments and sovereign entities with passive U.S. investment income, tightening definitions of "commercial activity" and "effective control."
• Taxpayers Can Now View and Submit Trump Account Elections in Their IRS Individual Account (IR-2026-68) — As of May 28, 2026, taxpayers may view and submit Trump Account elections through their IRS Individual Account online. Trump Accounts, created under the One, Big, Beautiful Bill Act, allow parents or guardians to elect an account for eligible minors (under age 18 at year-end) and receive a $1,000 federal seed contribution for those born in 2025-2028. This access streamlines the election process and ensures broader participation.
• IRS announces tax relief for taxpayers impacted by Winter Storm Fern in Tennessee; various deadlines postponed to May 22, 2026 — Under section 7508A, for taxpayers in all 95 Tennessee counties affected by Winter Storm Fern, federal deadlines for filing and paying taxes for individual, business, estate/income/partnership returns and certain payments due between Jan 22 & May 22, 2026 are postponed to May 22, 2026, with some relief for estimated payments; penalties abated when deposit deadlines met. Multiple tax returns and payments originally due during that period are delayed.
• IRS announces terms of a time-limited settlement opportunity for eligible taxpayers involved in conservation easement disputes — IRS IR-2026-65 (May 13, 2026): offers a time-limited settlement for partnerships involved in conservation easement or historic preservation easement dispute cases. Key features include: no upfront payment required in many cases; deduction limited to out-of-pocket cost (“other deduction”) rather than charitable contribution; reduced penalties (10 % during the first 90 days after settlement letter, 20 % in following 45 days); extensions to cases where prior offers had expired or were rejected; generally better terms than litigation, where courts typically allow only ~5-7 % deduction and levy 40 % penalties. Settlement not available for cases tried, on appeal, or set for trial soon after letter. The IRS will send individualized letters to eligible partnerships. Implications: taxpayers can resolve disputes more favorably if they accept within time windows, reducing litigation risk, penalties, and costs. Useful for entities with claimed easements transactions under audit or in court.
• Time-Limited Settlement Opportunity for Eligible Taxpayers Involved in Conservation Easement Disputes — On May 13, 2026, the IRS announced a new settlement initiative for taxpayers in conservation easement or historic preservation easement disputes. Eligible partnerships may, for a limited period, forgo upfront payments, receive a reduced penalty (10% in first window, 20% in second), and claim deduction only for out-of-pocket costs rather than inflated charitable contribution amounts. The opportunity is limited to specific categories of cases and only available for defined windows once a settlement letter is issued.
• IRS releases new guidance through the Time-Limited Settlement Opportunity for Conservation Easement Disputes — IRS established a settlement initiative for eligible taxpayers in conservation or historic preservation easement disputes, offering more favorable terms (including reduced penalties, deductions based on out-of-pocket costs, and deferred liability) for those who accept during limited windows. Available for docketed and non-docketed partnership cases, previously rejected cases, and some cases with no prior settlement opportunity.
• IRS Announces Terms of a Time-Limited Settlement Opportunity for Eligible Taxpayers Involved in Conservation Easement Disputes (IR-2026-65) — IRS is offering settlement terms for ~1,100 pending conservation easement or historic preservation easement disputes. Eligible partnerships may opt into favorable settlement periods (90 days initially, then 45 days) under reduced penalties and no requirement of upfront payment. Key implications include the loss of charitable contribution deductions but opportunity to deduct out-of-pocket costs, and significantly reduced valuation misstatement penalties compared to court outcomes. The policy encourages early settlement to limit litigation risk.
• Proposed Regulations Relating to Trump Accounts (REG-117270-25) — These proposed regulations establish rules for opening ‘initial Trump accounts’ and implementing the associated section 6434 pilot program contributions under P.L. 119-21. They define eligible individuals, specify investment, contribution, distribution, and reporting rules during the ‘growth period,’ and would allow the Treasury to contribute $1,000 for eligible children in the pilot program. Key implications involve contributing limits, investment constraints (indexing, no leverage, expense caps), and procedural elections by authorized persons.
• IRS updates conservation easement site; settlement opportunity details forthcoming — IRS warns of abusive conservation easement transactions involving inflated valuations and offers a time-limited settlement to eligible partnerships. Updates include recent court decisions and warning signs for investors, with emphasis on serious risks of overstated deductions, penalties, and denied claims.
• Treasury, IRS announce tax relief for taxpayers impacted by wildfires in Southeast Georgia; various deadlines postponed to Aug. 20 — IRS granted filing and payment deadline extensions for individual and business taxpayers in parts of Southeast Georgia affected by wildfires beginning April 18, 2026. Many tax filings and payments originally due between April 18 and August 20, 2026 are postponed. Penalties on payroll and excise tax deposits due between April 18 and May 4, 2026 will be abated if deposits are made by May 4. Eligible taxpayers include those in Clinch, Echols, Brantley counties and any added later. Also allows waivers for fees when requesting copies or transcripts of tax returns for affected taxpayers. The relief does not apply to certain information returns.
• IRS announces tax relief for taxpayers impacted by wildfires in Southeast Georgia; various deadlines postponed to Aug. 20, 2026 — Due to a state‐declared disaster impacting Clinch, Echols, and Brantley counties (plus any subsequently added), the IRS has postponed tax filing and payment deadlines until August 20, 2026, for returns and payments originally due April 18 through August 20, 2026. Penalties for payroll/excise tax deposits due between April 18 and May 4 are abated if made by May 4. Certain estimated tax payments, time-sensitive actions, and quarterly tax returns are also included. This offers substantial relief to affected individuals and businesses in the disaster area.
• IRS announces tax relief for taxpayers impacted by wildfires in Southeast Georgia; various deadlines postponed to Aug. 20 — Under section 7508A, individuals and businesses residing or operating in Clinch, Echols, and Brantley counties (and any added later) affected by wildfires beginning April 18, 2026, have until **August 20, 2026** to file most federal returns and make tax payments originally due from April 18 through before August 20 without penalties. Covered deadlines include individual, corporate, estate, partnership, information returns, excise and employment tax returns, and more. Penalties on payroll and excise tax deposits due between April 18 and May 4 are abated if paid by May 4. This relief aims to reduce burden arising from disaster disruptions.
• Transfer Tax Safe Harbor for Certain Contributions to Trump Accounts — Treasury and the IRS issued Revenue Procedure 2026-25 on May 5, 2026 providing safe harbor for taxpayers making contributions to Trump Accounts (IRAs for under-18s) so that those contributions are treated as completed gifts not of future interest, and qualify for the annual per-donee gift tax exclusion, thus avoiding gift tax return filing provided certain conditions (donees under age 18, only cash or cash-equivalents, contributions under annual limit, etc.) are met.
• Notice of Proposed Rulemaking: Electronic Furnishing of Payee Statements Regarding Digital Asset Sales by Brokers (REG-105064-25) — IRS and Treasury propose regulations under §6045 enabling brokers to furnish digital asset payee statements (Form 1099-DA) electronically under certain conditions without offering paper alternatives, and permitting email or website-based delivery with clear disclosures and consent protocols.
• Treatment of Income from Indian Fishing Rights-Related Activity as Compensation — Final regulations that amend the definition of "compensation" under section 415 for qualified retirement plan contribution and benefit limits, providing that amounts paid to a member of an Indian Tribe for services in fishery activities related to fishing rights are treated as compensation for these limits.
• IRS announces tax relief for taxpayers impacted by severe storms, straight-line winds, flooding, landslides, and mudslides in Washington; various deadlines postponed to May 1, 2026 — Under section 7508A, the IRS is postponing many tax filing and payment deadlines to May 1, 2026 for individuals and businesses (including corporations, estates, trusts, partnerships, S corporations, tax-exempt organizations) located in covered disaster areas of Washington state. Estimated tax payments originally due on or after December 9, 2025 are delayed to May 1, and penalties for late payments will be abated.
• Treasury and IRS issue temporary regulations on recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill — These temporary regulations under IRC §6435 (effective May 1, 2026) allow taxpayers who previously paid excise tax under §4081 on diesel or kerosene fuel, later removed as eligible dyed fuel for nontaxable use, to claim payment (without interest). Eligibility requires original tax payment, removal from approved terminal on or after Dec 31, 2025, and use of updated IRS forms (Form 8849, Schedule 5). Temporary rules expire by May 1, 2029 unless superseded. Implications include refund opportunities for sectors using dyed fuel (e.g. agricultural, off-highway use) and stricter documentation and timing requirements.
• IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms and Flooding in Montana — Various Deadlines Postponed to May 1, 2026 — The IRS has postponed multiple filing and payment deadlines to May 1, 2026 for individuals and businesses in counties affected by severe storms and flooding beginning December 10, 2025. This includes federal individual and business returns, IRA and health savings account contributions, estimated tax payments due January 15 and April 15, payroll and excise tax returns due February 2 and April 30, and applies to specific Montana counties and the Blackfeet Indian Reservation.
• Bulletin No. 2026-18: Final regulations on definition of cash tips and exclusion of digital assets (including payment stablecoins) — Under the newly enacted GENIUS Act (Public Law 119-27) and provisions of the One, Big, Beautiful Bill, the IRS issued final regulations defining “cash tips” for section 224 purposes. The regulations clarify that **digital assets**, including all payment stablecoins as described in section 6045(g)(3), are **excluded** from the definition of cash tips. Also clarified: whether digital tipping systems, mobile payments, foreign currencies, or tokens exchangeable for fixed cash amounts qualify, and the recordkeeping and reporting obligations tied to these rules. This affects workers, employers, and platforms dealing with tips and digital payments. Bulletin published April 27, 2026.
• IRS announces new option for certain taxpayers to request more time after ERC claim disallowance — Under IR-2026-58, businesses whose Employee Retention Credit (ERC) claims have been disallowed via IRS Letter 105-C or 106-C can now use Form 907 to extend the two-year period within which to administratively resolve or file suit, provided the request is made before the statutory deadline.
• New Option to Extend Time for APR appeal after ERC Claim Disallowance — On April 27, 2026, IRS announced a streamlined option allowing taxpayers who received Letter 105-C or 106-C disallowances of Employee Retention Credit claims and have six months or less remaining before the two-year deadline to submit Form 907 via the Document Upload Tool (selecting CP320B) to request an extension — preserving rights to administrative appeal or court suit.
• IRS announces new option for certain taxpayers to request more time after Employee Retention Credit (ERC) claim disallowance — IRS announced on April 27, 2026 a new process for taxpayers who received Letter 105-C or 106-C disallowing an ERC claim and have six months or less remaining on the statutory two-year deadline under IRC §6532(a). Eligible individuals can submit Form 907 via IRS-online tools (CP320B and Document Upload Tool) to extend the period to file suit or resolve administratively, preserving refund rights.
• Notice 2026-24: Waiver of Underpayment Penalties for Qualifying Farmers and Fishermen — The IRS has issued NOTICE 2026-24 granting an **automatic waiver** of the addition to tax under IRC section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen for the **2025 tax year**, provided the taxpayer files a calendar‐year return and pays in full any tax due by April 15, 2026. If the taxpayer already reported an addition to tax, they may request abatement by filing Form 843. The waiver alleviates penalty concerns for those with irregular income in agriculture or fishing.
• Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill (Notice 2026-36) — Under Section 4960 of the Internal Revenue Code, the One, Big, Beautiful Bill (OBBB) expands who is a covered employee of an applicable tax-exempt organization (ATEO) for purposes of the excise tax. Previously limited to the five highest-paid employees, the new definition may include any employee earning over \$1 million or receiving excess parachute payments. The proposed regulations will also include exceptions (such as limited hours and non-exempt funds), but likely will not include a limited-services exception. This is anticipated to apply prospectively (for tax years beginning after the issuance of final regulations). Public comments are requested by August 4, 2026.
• Notice 2026-24: Waiver of Addition to Tax Under Section 6654 for Qualifying Farmers and Fishermen — Provides relief to eligible farmers and fishermen by waiving the addition to tax for underpayment of estimated income tax for the calendar-year **2025** if they file the return and pay all tax due by April 15, 2026. This waiver addresses delays in computing Qualified Business Income Deduction and completes mapping of forms/software.
• IRS announces tax relief for taxpayers impacted by wildfires in Southeast Georgia; various deadlines postponed to Aug. 20 — Following a State of Georgia declaration for wildfires and straight-line winds starting April 18, 2026, the IRS provides disaster-related relief allowing individuals and businesses in Clinch, Echols, and Brantley counties (and any later added counties) to extend tax return filing and payment deadlines falling on or after April 18 and before August 20, 2026. Penalties on payroll and excise tax deposits due in that period are abated if deposited by May 4, and quarterly payroll and certain excise tax returns (normally due April 30 or July 31) are also postponed to August 20, 2026. Enacted under the Disaster Related Extension of Deadlines Act (H.R. 1491).
• IRS tax relief for taxpayers impacted by wildfires in Southeast Georgia; various deadlines postponed to Aug. 20 — IRS postpones multiple filing and payment deadlines to August 20, 2026 for individuals and businesses in Clinch, Echols, and Brantley counties (GA) affected by the April 18, 2026 wildfires. Penalties for some payroll and excise tax deposits abated, disaster payments excluded from income, and retirement plan relief available.
• Tax Relief for Taxpayers Impacted by Wildfires in Southeast Georgia; Various Deadlines Postponed to Aug. 20 — The IRS announced disaster tax relief effective for parts of Southeast Georgia (Clinch, Echols, Brantley counties) affected by wildfires and straight-line winds beginning April 18, 2026. Affected individuals and businesses now have until **August 20, 2026** to file federal returns and pay taxes originally due after April 18. Penalties on payroll and excise tax deposits due between April 18 and May 4 are abated if paid by May 4. Relief includes most tax returns, estimated payments, etc.; some information returns are excluded. Additionally, fees for requesting copies of returns/transcripts are waived. Other actions due during that period are postponed. Source: IRS news release GA-2026-03; Section 7508A regulations.
• Waiver of estimated tax penalty for qualifying farmers and fishermen for 2025 — Notice in Internal Revenue Bulletin 2026-17 provides an automatic waiver of the underpayment penalty under IRC section 6654 for qualifying farmers and fishermen for the 2025 tax year if they file a calendar-year tax return and pay in full any tax due by April 15, 2026. Taxpayers who already reported the penalty may file Form 843 to claim abatement. This offers relief to those who may not have made sufficient estimated tax payments due to uncertainty.
• Notice 2026-24: Relief from addition to tax under § 6654 for qualifying farmers and fishermen — Notice 2026-24 waives the addition to tax under section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen who file their 2025 tax returns and pay in full any tax due by April 15, 2026. Automatic for eligible taxpayers; others may file for abatement.
• Notice 2026-24: Waiver of Addition to Tax for Underpayment by Farmers/Fishermen — Waives the addition to tax under section 6654 for qualifying farmers and fishermen who, by April 15, 2026, file their 2025 calendar-year federal income tax return and pay in full any tax due. Helps alleviate estimated tax underpayment penalties for eligible noncorporate producers who have seasonal income patterns.
• Notice 2026-24: Waiver of the addition to tax under section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen — For the 2025 calendar tax year, qualifying farmers or fishermen who file by April 15, 2026, and pay in full any tax due may have the penalty for underpayment of estimated tax (section 6654 addition to tax) automatically **waived**. Taxpayers who already filed and reported the penalty may request abatement via Form 843, citing “Request for Relief under Notice 2026-24.” This relief responds to difficulties in completing certain forms—such as Form 8995—for the 2025 return. ([irs.gov](https://www.irs.gov/irb/2026-17_IRB?utm_source=openai))
• T.D. 10044: Final Rule Defining ‘Qualified Tips’ Under One, Big, Beautiful Bill — Issued April 13, 2026, these final IRS regulations implement Section 224 of OBBBA by defining over 70 occupations that customarily and regularly receive tips. For those occupations, federal **income tax on tips** is eliminated, while **FICA and other tip reporting requirements** remain. Crucial for tip‐earning workers and employers adjusting withholding and reporting systems.
• New Final Regulations Under Section 224 – Occupations that Customarily and Regularly Receive Tips (TD 10044) — Final regulations under the One, Big, Beautiful Bill (OBBBA), effective for tax returns for 2025, identify occupations that customarily and regularly received tips as of December 31, 2024. They define “qualified tips,” clarify reporting requirements (e.g. statement furnished under IRS/statutory sections like 6041(d), 4137), and explain that digital content creators may deduct tips only when amounts are paid to them and meet statutory criteria. Amounts not separately reported on qualifying statements are not eligible.
• Final regulations on "No Tax on Tips" under the One, Big, Beautiful Bill — IRS issued final regulations under OBBB listing over 70 occupations where workers customarily receive tips and defining “qualified tips”, allowing eligible tipped employees and gig workers to deduct tips (reportable on W-2, 1099-NEC, 1099-MISC, 1099-K, or Form 4137). Limits deductions for self-employed individuals to net income.
• IRS to issue proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill — The Treasury and IRS issued proposed regulations clarifying rules around the 1% remittance transfer tax under OBBB, including definitions of covered physical instruments (cash, money order, cashier’s check, etc.), scope of taxable remittances, obligations of providers (collect, semimonthly deposits, quarterly returns), liability if provider doesn’t collect, and they invited comments by June 12, 2026.
• IRS expands Business Tax Account access to partnerships, government entities, and tax-exempt organizations — The IRS announced an expansion of its online Business Tax Account platform to now include partnerships, federal, state, local governments, Indian tribal governments, and tax-exempt organizations. These entities can now view tax balances, download notices, view transcripts, request compliance checks, and see name/address information electronically—lowering dependency on paper and phone interactions. This enhances access, reduces friction, and can improve timely compliance for those organizations.
• Proposed Regulations for Clean Fuel Production Credit (REG-121244-23) — IRS Notice of Proposed Rulemaking REG-121244-23 outlines rules for determining eligibility, emissions rates, registration, certification, and credit transfer under the Clean Fuel Production Credit enacted by the Inflation Reduction Act and amended by the One, Big, Beautiful Bill Act. Affects clean fuel producers, related parties, and excise tax registrants. Comments due April 6, 2026; public hearing set for May 28, 2026. ([irs.gov](https://www.irs.gov/irb/2026-09_IRB?utm_source=openai))
• Section 45Z Clean Fuel Production Credit proposed regulations (Proposed Rulemaking) — IRS and Treasury published proposed regulations (REG-121244-23) in IRS Bulletin 2026-09 to clarify how Clean Fuel Production Credit under section 45Z, enacted in the Inflation Reduction Act and amended by the OBBB Bill, will be implemented. Key topics: determining emissions rates; definitions of qualifying production facilities; anti-stacking rules; registration; record-keeping; and anti-abuse provisions. Comments due by April 6, 2026; hearing scheduled for May 28, 2026.
• IRS sets new interest rates for second quarter of 2026 for underpayments and overpayments — The IRS published updated interest rates for Q2 2026 (Apr-Jun) to apply to underpayments, overpayments, corporate vs non-corporate taxpayers, large corporate underpayments, and specific deposit rates under IRC 6603. These rates affect penalties, refunds, and accruals of interest for tax debts or overpayments.
• Treasury and IRS Announce Tax Filing Relief to DHS Personnel — Provides a 30-day automatic extension (to May 15, 2026) for DHS personnel affected by the Senate/House-controlled shutdown , waiving penalties and interest for late filing and tax payments for this group.
• IRS announces tax relief for taxpayers impacted by severe winter storms in the State of Louisiana; various deadlines postponed to March 31, 2026 — Tax returns and estimated payments originally due between January 22 and March 31, 2026, for individuals, corporations, estates/trusts, partnerships, and certain excise & employment tax returns are postponed with penalty relief for affected taxpayers residing or operating in disaster-declared areas in Louisiana. Returns, payments & time-sensitive acts postponed until March 31, 2026. Certain information returns and employment tax deposits excluded.
• Proposed regulations enabling electronic furnishing of Form 1099-DA statements and implementing Trump Accounts contribution pilot program under section 6434 — These proposed regulations would allow brokers to furnish 1099-DA payee statements electronically in lieu of paper, define how Trump Accounts pilot contributions are made, election procedures, eligibility, and terms for growth period under new section 6434 of the Internal Revenue Code enacted by the One, Big, Beautiful Bill Act.
• Notice 2026-4: Request for Comments on Electronic Furnishing of Certain Payee Statements — Under IRS Notice 2026-4 (Internal Revenue Bulletin 2026-13, March 23, 2026), the Treasury Department and IRS are soliciting public input on modifying the current requirements for furnishing payee statements—such as Forms 1099 and W-2—and particularly those relating to Forms 1099-DA, to be delivered electronically. Key topics include consent procedures, notification, format requirements, access periods, and whether non-broker entities should also be covered under these updated electronic furnishing rules.
• Internal Revenue Bulletin: 2026-13 – Proposed regulations on electronic furnishing of payee statements and Section 6434 Trump Account program — The IRS published proposed regulations in IRB 2026-13 (March 23, 2026) related to reforms from the One Big Beautiful Bill. These include allowing brokers to furnish 1099-DA digital asset statements electronically (with customer consent) without offering paper statements; and implementation guidance for the pilot Trump Account contribution election under IRC § 6434. The changes aim to modernize delivery and introduce new benefit elections. Implications affect broker/financial firms’ reporting processes and parents/caregivers making Trump Account elections.
• Notice 2026-4: Proposed Regulations on Payee Statements, Including 1099-DA Digital Asset Proceeds — IRS proposed regulations under Notice 2026-4 would allow brokers to furnish certain payee statements, including the new Form 1099-DA for digital asset proceeds, electronically with taxpayer consent. The notice solicits public comments and aims to update requirements for electronic furnishing of various payee statements.
• Substantiation Requirements and Qualified Nonpersonal Use Vehicles Final Regulations — Final regulations under sections 132 and 274 clarify that unmarked vehicles used by firefighters, rescue squads, or ambulance crew members count as qualified nonpersonal use vehicles and are excepted from certain substantiation rules. This affects deductions for governmental units and their employees. The regulations became effective March 20, 2026, and apply to taxable years ending on or after that date. Filing and substantiation requirements for listed property are modified accordingly.
• Final regulations add unmarked vehicles used by firefighters, rescue squads, or ambulance crews as qualified nonpersonal use vehicles — The Department of the Treasury and IRS issued final regulations under sections 132 & 274 of the Internal Revenue Code stating that unmarked vehicles used by firefighters, rescue squads, or ambulance crews are newly categorized as "qualified nonpersonal use vehicles." These vehicles are excepted from certain substantiation requirements that apply to various listed property, easing administrative burdens for both employers (governmental units) and employees using these vehicles. Effective for taxable years ending on or after March 20, 2026.
• Final Regulations: Qualified Nonpersonal Use Vehicles under § 1.274 — As of March 20, 2026, unmarked vehicles used by firefighters, rescue squad or ambulance crews owned or leased by governmental units are added to the definition of qualified nonpersonal use vehicles, exempting them from the substantiation requirements of section 274(d). This means such vehicles need not meet the same documentation burdens as other “listed property” when personal use is de minimis.
• Final regulations: Substantiation requirements and qualified nonpersonal use vehicles — The IRS has issued final regulations, effective March 20, 2026, adding unmarked vehicles used by firefighters, rescue squad members, and ambulance crews to the definition of “qualified nonpersonal use vehicles.” These vehicles are now exempt from strict substantiation requirements under sections 274(d) and related provisions, easing recordkeeping burdens for eligible governmental units and personnel. This change applies to taxable years ending on or after March 20, 2026.
• Final regulations adding unmarked firefighter, rescue squad, or ambulance crew vehicles to qualified nonpersonal use vehicles — Final regulations (T.D. 10043, Internal Revenue Bulletin 2026-15) expand the definition of qualified nonpersonal use vehicles under sections 274 and 132 of the Code. As of March 20, 2026, **unmarked vehicles** used by firefighters, rescue squad, or ambulance crew members are treated like marked emergency vehicles for purposes of exemptions from substantiation requirements. This benefits governmental units providing such vehicles and those employees using them. ([irs.gov](https://www.irs.gov/irb/2026-15_IRB?utm_source=openai))
• Final regulations: Addition of unmarked vehicles used by firefighters, rescue squads, or ambulance crews to the definition of qualified nonpersonal use vehicles — The IRS issued final regulations effective March 20, 2026, adding unmarked vehicles used by firefighters, rescue squads, or ambulance crews to the category of qualified nonpersonal use vehicles. Under IRC §274(i) substantiation requirements (such as logs or travel records) are relaxed for these vehicles, as they are considered unlikely to be used more than minimally for personal purposes.
• IRS announces Tax Withholding Estimator now reflects changes under the One, Big, Beautiful Bill — The IRS updated its Tax Withholding Estimator (March 18, 2026) to incorporate significant changes from the One, Big, Beautiful Bill Act—such as no tax on tips, overtime, car loan interest, and an enhanced deduction for seniors. This allows taxpayers to more accurately adjust withholding to match new deductions and credits for tax year 2025 and anticipate 2026.
• IRS: Tax Withholding Estimator now reflects changes under the One, Big, Beautiful Bill — The IRS updated its Tax Withholding Estimator to include deductions and credits under the One, Big, Beautiful Bill—such as no tax on tips, no tax on overtime, qualified car loan interest, and the enhanced deduction for seniors. This lets taxpayers more accurately estimate withholding given the new law. Effective immediately (March 18, 2026).
• IRS unveils enhancements to Withholding Estimator reflecting One, Big, Beautiful Bill changes (IR-2026-35) — The IRS updated its Tax Withholding Estimator in March 2026 to incorporate changes brought by the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, and other changes to credits and deductions. Taxpayers can use the enhanced tool to better align withholding to their expected tax liability under the new law.
• Updated Tax Withholding Estimator lets millions of taxpayers take One, Big, Beautiful Bill changes into account when calculating their withholding (IR-2026-35) — The IRS enhanced its Tax Withholding Estimator (published March 12, 2026) to include several additions from the One, Big, Beautiful Bill (OBBB), such as "no tax on tips", "no tax on overtime", new car loan interest exclusion, and senior deductions, and revisions to credits and deductions tied to family, homeownership, and charitable giving. This gives workers and retirees a tool to assess if more or less tax should be withheld to align with anticipated liability. Impact is high, especially for those with gig income, multiple jobs, or new eligibility for deductions. Effective immediately in 2026.
• IRS announces tax relief for taxpayers impacted by severe winter storms in the State of Louisiana; various deadlines postponed to March 31, 2026 — Under section 7508A, the IRS has postponed the due dates for most federal tax returns and payments—originally due between January 22, 2026 and March 31, 2026—for taxpayers in the covered disaster area in Louisiana. Estimated tax payments and other time-sensitive acts are deferred to March 31, 2026 without penalties. Waivers do not apply to certain information returns (e.g. W-2s, certain 1099s), or to employment and excise tax deposits. This gives affected individuals, businesses, non-profits and relief workers additional time to comply due to storm-related disruptions.
• Notice 2026-7 Interim Guidance on Corporate Alternative Minimum Tax — Notice 2026-7 (published in IRB 2026-11) sets forth updated interim rules for the Corporate Alternative Minimum Tax: adjustments to adjusted financial statement income, treatment of financially troubled companies, anti-abuse rules for covered asset transactions including section 367(d), and applicability of previous interim guidance (e.g., Notice 2025-49).
• Notice 2026-11: Interim Guidance on Additional First-Year Depreciation Deduction under § 168(k) (OBBB Act) — Interim guidance under § 168(k), as amended by Public Law 119-21 (the One, Big, Beautiful Bill), announcing forthcoming proposed regulations that establish eligibility for permanent 100% first-year depreciation for qualified property acquired and placed in service after January 19, 2025; clarifies elections under §§ 168(k)(5),(10) and modifications to include qualified sound recording productions.
• Notice 2026-7: CAMT Adjustments to Adjusted Financial Statement Income, Intangible Property, and Anti-Abuse Rules — Interim guidance under the Corporate Alternative Minimum Tax (CAMT) clarifies how large corporations must adjust **Adjusted Financial Statement Income (AFSI)** for certain items, defines anti-abuse rules for covered asset transactions and foreign intangible property under §367(d), and provides rules for financially troubled companies. It also sets applicability dates and confirms that portions of future final regulations will apply no earlier than 6 months after publication. The policy increases compliance burdens for large corporations and provides clearer risk areas in tax structuring.
• Notice 2026-7: Additional Interim Guidance on the Application of the Corporate Alternative Minimum Tax (CAMT) — The IRS issued guidance clarifying how large corporations must adjust their book income (“Adjusted Financial Statement Income” – AFSI) to compute CAMT liabilities. It includes anti-abuse rules, especially for intangible property transactions under IRC section 367(d), rules for financially troubled firms, and sets effective applicability dates when interim guidance may be relied on. This impacts how corporations must treat certain income and deductions, potentially increasing tax-payable for firms previously minimizing CAMT risk. Important for tax planning and compliance.
• IRS Issues Proposed Regulations for Trump Accounts Pilot Program — On March 6, 2026, the Treasury and IRS issued **proposed regulations** outlining the pilot program for *Trump Accounts*, which are new IRAs established under the One, Big, Beautiful Bill (Public Law 119-21). These rules detail how to make the one-time \$1,000 contribution to eligible children, how to elect into the pilot, limits, investment constraints, and eligibility. For example, eligible children must be U.S. citizens born in 2025-2028, have a valid Social Security Number, and have no prior pilot election. Form 4547 is introduced as the election form. This guidance helps parents/guardians and institutions prepare for compliance under the new law. The policy is **proposed**, because comments will be solicited before final regulations are published.
• Dirty Dozen tax scams for 2026: IRS reminds taxpayers to watch out for dangerous threats — The IRS released its annual ‘Dirty Dozen’ list (IR-2026-30) on March 5, 2026, identifying evolving tax scams threatening taxpayers and professionals. Notably added this year: abusive undistributed long-term capital gains claims using Form 2439; AI-enabled impersonation (calls using voice mimicry, spoofing); overstated withholding schemes; plus others like fake charities and ghost preparers. The announcement underscores increased IRS enforcement and urges vigilance, especially for digital scams and fraudulent refund claims.
• IRS publishes new Schedule 1-A for tax year 2025 showing how to claim key One, Big, Beautiful Bill deductions (IR-2026-28) — For tax year 2025, Schedule 1-A and instructions allow taxpayers to claim deductions under the OBBB for qualified tips, overtime pay, car loan interest, and enhanced senior deductions. Key features include a **$25,000 cap** on tips deduction (phase-outs over certain MAGI thresholds), deduction for overtime, definitions for qualified tips and applicable vehicles, and a special enhanced deduction for seniors born before Jan 2, 1961. These deductions apply whether the taxpayer itemizes or takes the standard deduction. The new schedule and instructions clarify how taxpayers can compute and claim these new benefits.
• IRS published schedule taxpayers will use to claim deductions on no tax on tips, no tax on overtime, no tax on car loans, no tax on seniors — IRS released Schedule 1-A and updated Form 1040 instructions for tax year 2025 to implement several deductions under the One, Big, Beautiful Bill. These include the no-tax clauses on tips, overtime compensation, car loan interest, and enhanced senior deductions. The guidance clarifies deduction limits, phase-outs based on MAGI, definitions of qualified tips and overtime, and specifies how taxpayers can claim these deductions whether or not itemizing.
• Notice 2026-6: Extension of Transition Period for State PFML Benefit Tax Treatment — IRS extended for an additional year the transition relief under Revenue Ruling 2025-4 regarding how employer-contributed portions of State Paid Family and Medical Leave (PFML) benefits are treated for Federal income and employment (wage) taxes. Employer-funded medical leave benefits will be included in employee gross income and treated as wages. Delay gives employers and states more time to adapt systems and reporting.
• Treasury, IRS Issue FAQs About Adoption Tax Credit Refundability and Recognizing Tribal Governments — The Treasury and IRS published FAQs clarifying general refundability rules and recognizing Indian tribal governments for purposes of making a special needs determination for the Adoption Tax Credit, helping taxpayers understand eligibility.
• IRS Announces New Webpage to Streamline Tax Fraud and Scam Reporting — The IRS has launched a dedicated web page allowing taxpayers to confidentially report suspected tax fraud, scams, evasion, or other illegal tax-related activity. The policy improves ease of reporting and enhances how referrals are used for enforcement.
• Proposed regulations for Clean Fuel Production Credit (Section 45Z) — REG-121244-23: IRS and Treasury issued proposed regulations in February 2026 for the clean fuel production credit under section 45Z (modified by the One Big Beautiful Bill). The proposals address eligibility, emissions rates, registration, elective payments, credit transfer, and clarity on facility ownership and minimum processing. Comments due April 6, 2026; hearing scheduled May 28, 2026.
• Proposed regulations for Section 45Z Clean Fuel Production Credit (One, Big, Beautiful Bill) — The Treasury and IRS issued proposed regulations on February 23, 2026 (Bulletin 2026-9) for the Section 45Z clean fuel production credit as extended and modified by the One, Big, Beautiful Bill. They address eligibility, emissions rates, claims filing, registration, elective payment or credit transfer, and other general requirements affecting domestic clean fuel producers.
• Treasury, IRS Issue Guidance on Special Depreciation Allowance for Qualified Production Property — Notice 2026-16 provides interim guidance under the One, Big, Beautiful Bill for a new special depreciation allowance allowing taxpayers to elect up to **100% of the unadjusted depreciable basis** of qualified production property placed in service between July 4, 2025 and January 1, 2031. It clarifies definitions of qualified production property and activity, how to make the election, and how recapture rules work if property ceases qualifying. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-special-depreciation-allowance-for-qualified-production-property-announce-upcoming-proposed-regulations-under-the-one-big-beautiful-bill?utm_source=openai))
• Treasury and IRS issue guidance on special depreciation allowance for qualified production property — Notice 2026-16 offers interim guidance under OBBB for the election to take **100% special depreciation** on Qualified Production Property (QPP) placed in service after July 4, 2025 but before January 1, 2031. It clarifies definitions of QPP and qualified production activity, election timing, and how depreciation recapture works. This provides businesses accelerated write-offs and cash flow benefits for manufacturing, agriculture, refining, and related industries.
• Updates to 2025 Instructions for Form 4626 Including Additional Interim Guidance Regarding the Application of the Corporate Alternative Minimum Tax — The IRS issued Notice 2026-7 which modifies interim guidance for the Corporate Alternative Minimum Tax (CAMT). It addresses adjustments to Adjusted Financial Statement Income (AFSI) for tax-deductible repairs, section 197 amortization of intangibles, production costs for media properties, domestic R&D expenditures, and rules for certain acquisition transactions. Also clarifies statements required when filing returns for entities subject to CAMT. Published in February 2026.
• Notice 2026-7: Additional Interim Guidance Regarding the Application of the Corporate Alternative Minimum Tax — Notice 2026-7 provides interim rules under sections 55, 56A, and 59 for the Corporate Alternative Minimum Tax (CAMT), expanding and modifying adjustments to Adjusted Financial Statement Income (AFSI), refining rules for financially troubled companies and international transactions (including §367(d) intangible transfers), and adding new reporting/disclosure requirements. It is effective February 18, 2026, and may be relied upon for taxable years before final regulations are issued. The impact is high for large corporations.
• Treasury and IRS Provide Guidance for Energy Tax Credits Regarding Material Assistance from Prohibited Foreign Entities — Notice 2026-15 provides interim guidance under the One, Big, Beautiful Bill Act on determining whether qualified clean energy facilities under §§ 45Y, 48E or components under § 45X receive "material assistance" from a Prohibited Foreign Entity (PFE), which would render them ineligible for certain energy tax credits. It also offers safe harbors and requests comments on definitions and anti-circumvention rules, with applicability for facilities beginning construction after December 31, 2025, and components sold in taxable years after July 4, 2025. Implications include tightening eligibility for energy credits for foreign-associated entities, and potential supply chain impact.
• Treasury, IRS Provide Guidance for Certain Energy Tax Credits Regarding Material Assistance by Prohibited Foreign Entities under the One, Big, Beautiful Bill — Notice 2026-15 provides guidance for taxpayers to determine whether qualified facilities (under §§45Y, 48E, 45X) are receiving “material assistance” from a prohibited foreign entity (PFE), which would disqualify them from certain energy and advanced manufacturing tax credits. It sets interim safe harbors, example calculations, and requests comments on definitions and anti-circumvention rules. Taxpayers may rely on this guidance while proposed regulations are developed. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-certain-energy-tax-credits-regarding-material-assistance-provided-by-prohibited-foreign-entities-under-the-one-big-beautiful-bill?utm_source=openai))
• Notice 2026-15: Interim Guidance on Restrictions to Energy Credits under Sections 45X, 45Y, and 48E if Material Assistance from a Prohibited Foreign Entity — Notice 2026-15 implements new restrictions under the One, Big, Beautiful Bill Act (OBBBA) regarding Prohibited Foreign Entity (PFE) involvement in energy tax credits. It provides rules for calculating the Material Assistance Cost Ratio (MACR), safe harbor methods and thresholds, specifies what qualifies as a PFE, and clarifies credit eligibility for facilities or components with foreign content. Effective for facilities with construction beginning after December 31, 2025, and components sold in tax years after July 4, 2025. The impact is high for energy developers, manufacturers, and taxpayers claiming these credits.
• Treasury, IRS provide guidance for certain energy tax credits regarding material assistance provided by prohibited foreign entities under the One, Big, Beautiful Bill (Notice 2026-15) — Interim guidance under IR Code §§ 45Y, 48E, and 45X to help taxpayers determine whether qualified facilities, energy storage technologies, or eligible components are receiving material assistance from a Prohibited Foreign Entity (PFE), including how to use interim safe harbors, perform example calculations, and understanding upcoming proposed regulations defining PFE and MACR (Material Assistance Cost Ratio).
• IRS announces next expansion of Tax Pro Account to support tax professional businesses (IR-2026-22) — The IRS expanded the Tax Pro Account to allow **tax professional businesses** that use a **business‐level Centralized Authorization File (CAF)** to manage authorizations digitally. Business representatives can designate authorized employees under the business CAF, link the business CAF to the firm's EIN, view taxpayer info associated with the business CAF, and withdraw active authorizations. Sole proprietorships and practices without business CAFs are not affected.
• Expansion of IRS Tax Pro Account for business-level CAF management — IRS released IR-2026-22: as of February 9, 2026, tax professional firms that operate as business entities with a business CAF number gain access to enhanced digital tools via the Tax Pro Account: linking CAF to EIN, managing which employees are authorized, viewing taxpayer information under authorizations, and withdrawing authorizations—all aimed at streamlining authorization and reducing paper filings.
• IRS announces next expansion of Tax Pro Account to support tax professional businesses — The IRS broadened its Tax Pro Account features to allow tax preparation businesses to manage business-level authorizations, link Centralized Authorization File (CAF) relationships to EINs, and view/withdraw authorizations under business CAF—reducing paperwork, improving efficiency. Effective immediately for firms that use business CAFs.
• Treasury, IRS issue proposed regulations on the Clean Fuel Production Credit — IR-2026-20 proposes rules implementing changes under the One, Big, Beautiful Bill to Section 45Z, including extending the credit through 2029, restricting feedstocks to US, Canada or Mexico, removing special rate for sustainable aviation fuel, adding prohibited foreign entity restrictions, broadening sale attribution, and strengthening anti-abuse rules. Public hearings and comment periods are open.
• Treasury, IRS issue proposed regulations on the clean fuel production credit under the One, Big, Beautiful Bill — Proposed rules clarify eligibility for the Section 45Z clean fuel production credit: limitations on feedstock source (US, Mexico, Canada), elimination of negative emission rates (except manure-derived), restrictions on foreign entities; helps producers calculate credit and satisfy registration and certification requirements.
• IRS Issues FAQs on Executive Order 14247: Modernizing Payments To and From America’s Bank Account — Executive Order 14247 requires that federal payments to individuals, businesses, nonprofits, and governments, and payments made to the federal government (taxes, penalties, fees) transition to electronic means. The IRS has issued Fact Sheet 2026-02 (IR-2026-13) with FAQs to help taxpayers and businesses understand the changes beginning with the 2026 filing season. Limited exceptions apply (e.g. hardship). Use of direct deposit and electronic payment systems such as IRS Direct Pay or EFTPS is strongly encouraged and increasingly required.
• IRS opens 2026 filing season — IRS began accepting and processing individual federal income tax returns for tax year 2025. Refunds for the Earned Income Tax Credit and Additional Child Tax Credit will generally be available by March 2, 2026, for those choosing direct deposit and with error-free returns. Also continues urging electronic filing and direct deposit as the fastest methods, in light of ongoing phase-out of paper refund checks. Implications: taxpayers should prepare early, ensure eligibility for tax credits, choose direct deposit, avoid errors.
• Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill — The FAQs clarify the new deduction introduced by OBBB for qualified overtime compensation — i.e. the portion of overtime pay mandated by the Fair Labor Standards Act that exceeds the regular rate. The guidance specifies eligibility, how to calculate the deduction (including methods when employers have not separately reported). It also explains the deduction limit ($12,500 per individual; $25,000 married filing jointly), MAGI thresholds, and allowable documentation for 2025 tax year. Provides relief for employers lacking separate reporting in 2025. These FAQs are effective as of publication, apply to 2025-2028 tax years.
• Revenue Procedure 2026-8: Updated Procedures for Group Exemption Letter Program — Final IRS revenue procedure revising rules for group exemption letters under §501(c). Key changes include new affiliation, supervision, and control requirements; effective dates when subordinate organizations gain exemption (notably backdated for subordinates added within 27 months of formation); and a transition deadline of January 22, 2027 for compliance by preexisting group exemption letters. This affects nonprofits that include subordinate chapters or units under a central organization.
• Revenue Procedure 2026-8 — IRS Group Exemption Letter Program Requirements — Rev. Proc. 2026-8 updates requirements for obtaining and maintaining a group exemption letter under § 501(c), including new rules on subordinate organization formation dates, authorizations, supervision/control standards, and a transition period for preexisting organization networks.
• Notice of Issuance of Revenue Procedure 2026-8 Regarding Group Exemption Letter Program — Finalized Revenue Procedure 2026-8 updates rules governing group exemption letters for central and subordinate organizations under IRC §501(c). Key changes include requiring a central organization to have at least five subordinate organizations, written authorizations that subordinate entities may be removed (with or without cause), timeline rules applying a 27-month formation window for retroactive exemption, exclusion of foreign and §501(c)(29) organizations, and transition period ending January 22 2027 for compliance. Failure to meet requirements may result in loss or termination of group exemption letters.
• IRS issues updated group exemption procedures under Rev. Proc. 2026-8 — Revenue Procedure 2026-8 updates procedures for entities under Section 501(c) to obtain and maintain group exemption letters, defining affiliation, supervision, control; requiring annual supplemental group ruling information (SGRI); resumes acceptance of applications after moratorium; transition period through January 22, 2027.
• T.D. 10039: Final Regulations on Classification of Entities Wholly Owned by Indian Tribal Governments — Treasury Decision 10039 provides final regs effective January 15, 2026, that entities wholly owned by one or more Indian Tribal governments and organized under tribal law generally are **not recognized as separate entities** for income tax purposes. They are, however, recognized separately for employment and excise tax, and treated as instrumentalities for section 6417 elective payment elections (e.g. energy credits). This affects how tribal enterprises file and structure tax obligations and credit elections.
• Entities Wholly Owned by Indian Tribal Governments — Final regulations under the Internal Revenue Code clarifying that entities wholly owned by Tribal governments and organized under Tribal laws are **not recognized as separate entities** for federal income tax purposes; but are recognized separately for certain Federal employment and excise tax obligations.
• Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties — Proposed regulations (IR-2026-03) revise the threshold for backup withholding and reporting through third-party settlement organizations: backup withholding applies only when a payee’s gross payments exceed $20,000 and number of transactions exceed 200—supplants lower thresholds; income remains taxable even if reporting not triggered; comment period open.
• IRS issues proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties (IR-2026-03) — These proposed regulations revise rules under the One, Big, Beautiful Bill (OBBB) to increase the threshold for when third-party settlement organizations must apply backup withholding. Under the update, backup withholding applies only when a payee exceeds **both**: (1) more than **$20,000** in payments through third-party payment networks and (2) more than **200** reportable transactions in a year. This replaces the much lower $600 payment threshold. The regulations are proposed and open for public comment.
• Treasury, IRS allow States to make an Advance Election to participate in the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill — Revenue Procedure 2026-6 allows States to opt in early (‘covered states’) for the upcoming 2027 credit under section 25F, for individual contributions to Scholarship Granting Organizations; States must submit Advance Election by Form 15714 in first half of 2026 to participate.
• Notice 2026-3: Relief from Additions to Tax under Sections 6654 and 6655 for Underpayment of Estimated Income Tax by Taxpayers Making an Election under Section 1062 — This Notice provides that taxpayers who make a valid section 1062 election (for gains from sale or exchange of qualified farmland property) may exclude 75% of the applicable net tax liability from estimated tax payments in the taxable year of the transaction, avoiding additions to tax under IRC §§ 6654/6655. Only 25% must be paid by the due date for that year. Taxpayers who already reported penalties may seek abatement using Form 843 “pursuant to Notice 2026-3.”
• Determination of Housing Cost Amounts Eligible for Exclusion or Deduction for 2026 (Notice 2026-25) — Notice 2026-25 adjusts the base housing amount and housing expenses cap under IRC § 911 for foreign housing exclusion/deduction. For full tax years in 2026, the base housing amount is set at 16% of the FEIE ($132,900), equivalent to $21,264; housing expenses subject to exclusion/deduction are limited to 30% of FEIE, or $39,870.
• Cost-of-Living Adjustments for Retirement Plans and Contributions under Section 415(b) and 415(c) for 2026 — Notice 2025-67 increases retirement plan benefit and contribution limits (e.g. defined benefit plan maximum annual benefit to $290,000; defined contribution maximum contribution to $72,000; elective deferrals for 401(k)/457 etc. to $24,500; catch-ups for age-50+ to $8,000) effective January 1, 2026.
• Notice 2026-28: Guidance on the employer credit for Paid Family and Medical Leave under the Working Families Tax Cuts — Beginning in 2026, employers can use the PFML insurance-premium-based method in addition to wages paid during eligible leave. This notice provides guidance on how to elect between wage vs premium methods, how to allocate premiums, eligible types of leave, and which employers qualify.
• Notice 2026-10: Optional 2026 Standard Mileage Rates and Related Tax Benefits — Notice 2026-10 published in the 2026 Internal Revenue Bulletin sets the optional standard mileage rates for business, charitable, medical, and moving expenses, provides the maximum automobile cost for fixed & variable rate plans under fleet-average valuation rules, affecting deductible cost calculation for any vehicle-related expenses.
• Notice 2025-65: Indexing Factors for Qualifying Payment Amounts (QPA) under No Surprises Act for 2026 — This notice provides the CPI-U-based percentage increase to calculate QPAs for items and services furnished during 2026, which under the No Surprises Act is used to determine patient cost sharing and baseline amounts for independent dispute resolution. The increase from 2025 to 2026 is approximately **1.0265311701**, with cumulative indexing tables provided for base years from 2019 onward.
• Notice 2025-65: Indexing factors for calculating the Qualifying Payment Amount (QPA) for 2026 under the No Surprises Act — Notice 2025-65 provides the updated indexing factors for group health plans and insurance issuers to calculate Qualifying Payment Amounts for items or services furnished on or after January 1, 2026. This determines cost-sharing protections for patients under the No Surprises Act and affects plan policies, disclosures, and payment obligations.
• Notice 2026-25: Determination of Housing Cost Amounts Eligible for Exclusion or Deduction for 2026 — This notice updates the foreign housing limitations for tax year 2026. The maximum foreign earned income exclusion is $132,900; base housing amount is set at 16% of that ($21,264), and the general cap on housing expenses is 30% ($39,870). Geographic adjustments apply for certain locations. This affects U.S. persons abroad claiming the Foreign Housing Exclusion or Deduction under IRC §911.
• Revenue Procedure 2025-26: Indexing adjustments for applicable dollar amounts under §4980H for 2026 — IRS issued Revenue Procedure 2025-26 to increase the dollar amounts used under IRC §4980H(c)(1) and (b)(1) (employer shared responsibility payments) for benefit and taxable plan years beginning after December 31, 2025. Implications are higher thresholds for penalties for employers who do not offer affordable minimum health coverage.
• Internal Revenue Bulletin 2026-17: Adjustment to Section 911 housing amounts for foreign earned income exclusion. — Notice 2026-25 updates the foreign housing base amount and maximum eligible housing expenses (housing amount limitations) for tax year 2026 tied to the FEIE, reflecting inflation adjustments and geographic‐specific cost multipliers.
• Treasury, IRS issue proposed regulations for Trump Accounts contribution pilot program, Treasury Department to deposit $1,000 into the account of each eligible child — Proposed regulations (IR-2026-31) released March 6, 2026 provide guidance for the new Trump Accounts Pilot Program including defining eligible children (born 2025-2028, U.S. citizens with SSN, no previous election), pilot-program electing individuals, timing and manner of elections, and rules around the one-time $1,000 contribution. Effective for elections made on or after January 1, 2026. Parents and guardians should follow rules and file Form 4547 to participate.
• Notice 2025-55: Penalty Relief for Failure to Deposit Remittance Excise Tax — Notice 2025-55 provides relief from the failure-to-deposit penalty under IRC § 6656 for remittance transfer providers for the first three calendar quarters of 2026, with respect to the new remittance transfer tax imposed under section 4475 via the One, Big, Beautiful Bill. Providers who make timely deposits—even if computed incorrectly—and pay any underpayments by the Form 720 due date will avoid penalties.
• Treasury, IRS Issue Proposed Regulations on the New Remittance Transfer Tax Under the One, Big, Beautiful Bill — This proposed regulation clarifies definitions and rules for the 1 % excise (remittance transfer) tax that took effect January 1, 2026 under the One, Big, Beautiful Bill. It defines physical instruments subject to the tax, specifies the amount taxed, and outlines procedures for collection by remittance providers. Comments are due June 12, 2026.
• Relief from penalty for failure to deposit remittance excise tax under the One, Big, Beautiful Bill — Notice 2025-55 provides limited penalty relief for remittance transfer providers for the first three calendar quarters of 2026, allowing providers to avoid certain failure-to-deposit penalties if deposits are timely (even if miscalculated) and underpayments are paid by the Form 720 deadline.
• Guidance on the Permanent Expansion of Paid Family and Medical Leave Tax Credit under the WFTC — Notice 2026-28 provides guidance under the Working Families Tax Cuts expanding eligibility and methods for employers to claim a credit for paid family & medical leave (PFML), including wage-based and premium-based methods, rates of 12.5%-25%, up to 12 weeks.
• Internal Revenue Bulletin: Notice 2025-65 – Indexing factors for QPA for health plans for services provided in 2026 — Notice 2025-65 in IRB 2025-47 provides updated **indexing factors** that group health plans and insurers must use to calculate the **Qualifying Payment Amount (QPA)** for services and items provided between January 1, 2026 and December 31, 2026. This affects how self-insured and individual health plans calculate allowable amounts under new transparency rules.
• Notice 2026-10: 2026 Standard Mileage Rates — The IRS issued Notice 2026-10 updating the optional standard mileage rates for 2026. The business mileage rate increases to **72.5¢/mile**, medical/moving rate decreases to **20.5¢/mile**, and charitable rate stays at **14¢/mile**. Also includes depreciation portion (35¢/mile for business) and maximum auto cost under FAVR plan. These changes affect deductions for business, medical, moving and charitable use of vehicles, as well as basis adjustments.
• IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents — Notice 2026-10 increases the IRS optional standard mileage rate for business to 72.5¢/mile (up 2.5¢), adjusts medical and moving rates to 20.5¢/mile (down 0.5¢), keeps charitable rate at 14¢; also establishes $61,700 as the maximum fair market value for employer-provided vehicles for fleet-average and cents-per-mile valuation methods.
• Adjusted Housing Expense Limitations for Foreign Housing Exclusion (Notice 2026-25) — For taxable years beginning on or after January 1, 2026, the IRS updated adjusted housing expense limitations under IRC section 911 for specific foreign locations. Taxpayers living in locations where 2026 limits are higher may apply those limits to their 2025 housing expenses when calculating the exclusion or deduction. This affects digital nomads, expats, and others living abroad.
• Revision to Foreign Earned Income Exclusion Limits and Housing Exclusions for 2026 — For tax year 2026, the maximum foreign earned income exclusion increased to $132,900 per qualifying individual, and the housing expense limit increased to $39,870. These adjustments affect U.S. citizens and resident aliens abroad who meet the bona fide residence or physical presence test.
• Treasury, IRS Issue Guidance on the Permanent Expansion of Paid Family and Medical Leave under the Working Families Tax Cuts — Notice 2026-28 guidance clarifies that beginning in 2026 employers may claim the permanent PFML credit under the WFTC for paid leave wages or premiums paid for PFML insurance; the credit rate ranges from 12.5 % to 25 % for up to 12 weeks of leave per year; state or local leave mandates count toward eligibility (for wages paid), but not toward credit calculation; employers must choose between wage-based and premium-based methods.
• Notice 2026-25: Adjusted housing expense limitations under section 911 for 2026 (and optional application to 2025) — Notice 2026-25 updates the geographic‐based housing expense limits for US citizens and residents abroad (section 911) for the taxable year beginning on or after January 1, 2026. It adjusts maximum housing expense limits in higher cost foreign locations. Importantly, taxpayers with foreign housing expenses in 2025 may elect to use the 2026 adjusted limits if higher, as provided in the notice. ([irs.gov](https://www.irs.gov/irb/2026-17_IRB?utm_source=openai))
• Treasury, IRS issue proposed regulations on eligible investments for Trump Accounts under the Working Families Tax Cuts — These proposed regulations under IR-2026-96 define what investments are “eligible investments” during the growth-period of a Trump Account (before beneficiary turns 18). Eligible investments generally are mutual funds or ETFs tracking a broad U.S. equity index, with no leverage, and expense ratios no more than 0.1%. If beneficiary does not select one, trustee must provide default eligible investment. These rules apply to taxable years beginning on or after January 1, 2026.
• Treasury, IRS provide penalty relief for remittance transfer providers under new excise tax — Notice 2025-55 provides relief for deposit penalties under IRC § 6656 for remittance transfer providers required to collect the new 1 % remittance transfer tax under section 4475 of the OBBB. For the first three calendar quarters of 2026, providers who make timely (though possibly mis-calculated) deposits and pay any underpayment by the Form 720 filing date will avoid penalties. The first semimonthly deposit under the new rules is due January 29, 2026. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-remittance-transfer-providers-who-fail-to-deposit-excise-tax-under-the-one-big-beautiful-bill?utm_source=openai))
• Employer-provided child care credit: Tax Year 2026 and later — Working Families Tax Cuts expanded Section 45F. Credit cap raised from $150,000 to $500,000 (or $600,000 for eligible small businesses). Credit rate increased to 40% of qualified child care expenditures (50% for eligible small businesses). Resource & referral expenditures allowed at 10%. Applies to expenditures paid or incurred after December 31, 2025.
• Announcement 2026-7: Applicability of Final RMD Regulations under Section 401(a)(9) — The IRS announced that certain final regulations amending required minimum distribution rules (sections 1.401(a)(9)-4, 1.401(a)(9)-5, and 1.401(a)(9)-6) will apply no earlier than the 2026 distribution calendar year. Until then, taxpayers should apply a reasonable, good-faith interpretation of statutory provisions. Helps clarify timing for RMD compliance under SECURE 2.0 and proposed regulations.
• Notice 2026-36: Intent to Issue Proposed Regulations for Excise Tax on Excess Tax-Exempt Organization Executive Compensation under the One, Big, Beautiful Bill — This policy expands the definition of “covered employee” for Section 4960 excise tax to include any employee of an applicable tax-exempt organization earning over $1 million or receiving excess parachute payments, not just the top five highest paid. Exceptions for limited hours and nonexempt funds will remain until more guidance is released. Comments due by August 4, 2026.
• IRS announces Working Families Tax Cuts – Individuals and workers updated estimate tables — Under the Working Families Tax Cuts (part of OBBBA), for tax year 2026 the IRS increased standard deduction amounts, marginal tax rates thresholds, Alternative Minimum Tax exemption levels, estate tax exclusion, and limits for adoption credit. These changes affect individual filers and heads of households starting in 2026.
• Internal Revenue Bulletin: 2026-09 – Proposed Regulations: Section 45Z Clean Fuel Production Credit — Notice of proposed rulemaking REG-121244-23 clarifies implementation details for the clean fuel production credit: eligibility, emissions-rate definitions, facility ownership, foreign feedstock restrictions, registration requirements, and filing procedures. The rules affect domestic producers and pass-through entities and include definitions for ‘qualified facility’ and ‘suitable for use’ fuels, along with regulations to ensure accurate emissions certification. Public comments due by April 6, 2026, with a hearing scheduled for May 28, 2026.
• Notice 2026-36: Intent to issue proposed regulations addressing the tax on excessive compensation and excess parachute payments under the One, Big, Beautiful Bill — This IRS and Treasury notice expands the definition of “covered employee” under IRC §4960, such that **any employee earning over $1 million** in a tax year (beginning after December 31, 2025) may be subject to excise tax on excess compensation or parachute payments. The notice also provides that certain exceptions (limited hours, nonexempt funds) may continue to apply until final regulations are issued. Public comments are due by August 4, 2026.
• Casualty loss deduction expanded and made permanent — Under the One Big Beautiful Bill Act (P.L. 119-21), the personal casualty loss deduction has been made permanent starting in tax year 2026. The scope of eligible losses is expanding: losses due to state-declared disasters may now qualify (in addition to federally declared disasters), provided other requirements under Internal Revenue Code §165 are satisfied.
• Notice 2026-36: Intent to Issue Regulations Under Section 4960 — This policy broadens the definition of “covered employee” under section 4960 for tax-exempt organizations (ATEOs) starting in 2026, removing the limitation to the five highest-paid employees and expanding scope to include employees employed after December 31, 2016. It also signals forthcoming regulations addressing exceptions (e.g. limited hours, nonexempt funds).
• Rev. Proc. 2026-25: Safe Harbor for Contributions to Trump Accounts Treated as Completed Gifts — Provides a safe harbor so that contributions to Trump Accounts under section 530A meeting specified conditions are considered completed gifts, qualifying for the annual per-donee gift tax exclusion, and thus easing gift tax reporting burdens for eligible taxpayers.
• 2026 Foreign earned income exclusion amount under IRC § 911 increased to $132,900 — For taxable years beginning in 2026, the maximum foreign earned income exclusion (FEIE) is set at $132,900 under IRC § 911(b)(2)(D)(i). This inflation adjustment increases the amount expats or U.S. citizens working abroad may exclude from U.S. gross income, subject to qualifying tests. Other inflations adjustments were also made for gift exclusion, marginal well tax credits, and energy production credits in recent IRS bulletins.
• IRS releases tax inflation adjustments for tax year 2026, including amendments from the One, Big, Beautiful Bill — IRS published Revenue Procedure 2025-32 with inflation adjustments for over 60 tax provisions for tax year 2026, including increases in the standard deduction, marginal tax rate thresholds, AMT exemption, estate tax exclusion, adoption credit limits, foreign earned income exclusion, and more under the One, Big, Beautiful Bill.
• Free options and resources for preparing and filing taxes in 2026 — IRS Free File and related programs remain available to U.S. taxpayers with AGI up to $89,000. The guidance also points to resources for secure electronic filing, state return assistance, and ways to avoid fraud. Important for compliance, especially among lower- and middle-income taxpayers who can avoid paid software or tax preparers.
• Extension of Transition Period to Calendar Year 2026 for Certain Requirements in Revenue Ruling 2025-4 (Paid Family and Medical Leave) — The IRS issued Notice 2026-6, extending through calendar year 2026 the transition relief for states with Paid Family and Medical Leave statutes; specifically delaying enforcement of income and employment tax withholding, reporting, and penalties related to medical leave benefits attributable to employer contributions for that year.
• Proposed Regulations on Remittance Transfer Tax Established Under the One, Big, Beautiful Bill — These proposed regulations clarify definitions and rules for the 1% remittance transfer tax, including which physical payment methods apply, how tax liability is allocated (sender vs. provider), timing and forms of deposits and filings (Form 720), and request for public comments due by June 12, 2026.
• Foreign Earned Income Exclusion amount for tax year 2026 — For tax year 2026, the maximum foreign earned income exclusion under IRC §911 has been increased to $132,900 per qualifying individual. Housing deduction limits and base housing amounts also adjusted accordingly.
• Treasury, IRS issue guidance on the employer credit for paid family and medical leave under the Working Families Tax Cuts — Clarifies how employers may claim the PFML credit starting in 2026, including both premium-based and wage-based methods, expanded eligibility, and how state or local leave mandates interact with the federal credit.
• Proposed Regulations on Excise Tax for Remittance Transfers Under the One, Big, Beautiful Bill — Treasury and IRS issued proposed regulations (IR-2026-48) clarifying the 1% remittance transfer tax imposed from Jan. 1, 2026, under the One, Big, Beautiful Bill. The proposal defines taxable instruments (cash, money order, cashier’s check, similar physical instruments, adding traveller’s checks), scope of transactions, timing of tax attachment, and excludes non-taxable instruments. Comments due June 12, 2026.
• Guidance on the Employer Credit for Paid Family and Medical Leave under the Working Families Tax Cuts — Notice 2026-28 provides guidance on expanded eligibility, making permanent the employer credit under section 45S. Employers can now include premiums paid for PFML insurance (not just wages during leave), and may use either wage-based or premium-based method. The credit ranges from 12.5 % to 25 % of wages for up to 12 weeks of leave per taxable year.
• Notice 2025-65: Use of indexing factors in calculating qualifying payment amount (QPA) for No Surprises Act items and services furnished in 2026 — Notice 2025-65 provides the **percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U)** used to adjust the Qualifying Payment Amount (QPA) under the No Surprises Act for health plan cost-sharing in 2026. It mandates that group health plans and insurance issuers use these indexing factors to determine cost-sharing amounts for services furnished on or after January 1, 2026. This ensures medical billing protections keep pace with inflation.
• Permanent Expansion of the Paid Family and Medical Leave Credit under the Working Families Tax Cuts — Under the Working Families Tax Cuts, the employer PFML credit is made permanent and expanded: eligibility now includes part-time employees working 20 or more hours/week and employees with 6 months of service; employers may elect between wage-based or premium-based methods; state or local mandatory leave can count toward eligibility, though not in the credit calculation; and the credit rate ranges from 12.5% to 25% of wages or qualifying premiums for up to 12 weeks of leave in taxable year 2026 and onward.
• Notice 2026-25: Housing expense limit adjustments for foreign locations under IRC § 911 — Notice 2026-25 updates the **maximum housing cost limits** (housing expense exclusion or deduction) for tax year 2026 under IRC section 911, for U.S. taxpayers living abroad in certain high-cost foreign localities. It defines new adjusted caps for many locations, allowing higher exclusions than the standard statutory maximum of $39,870; also allows election to use 2026 adjusted limit on 2025 returns where higher.
• IRS issues proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill — The Treasury and IRS issued proposed regulations under the One, Big, Beautiful Bill imposing a **1 % excise tax** on remittances sent via physical instruments (cash, money order, cashier’s check etc.) from the U.S. to foreign recipients. Senders are liable if provider collects correctly; providers have deposit, return filing requirements. The regulations clarify taxable base, definitions of physical instruments, and reporting responsibilities under Form 720. Comments due by June 12, 2026.
• 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 — For tax year 2026, employee contribution limits are raised: 401(k), 403(b), governmental 457 plans, and Thrift Savings Plan maximum is now $24,500 (up from $23,500). IRA contribution limit increases to $7,500. Catch-up contributions also increase for employees 50 and over. Phase-out income ranges for IRA deduction, Roth IRA eligibility, and Saver’s Credit are adjusted upward. These changes are effective for contributions and returns in 2026.
• Expanded Availability of Health Savings Accounts under the One, Big, Beautiful Bill Act (OBBBA) — Notice 2026-5 provides guidance on changes under section 223 expanding eligibility for Health Savings Accounts: bronze and catastrophic health insurance plans are now HSA-compatible, telehealth allowed before meeting deductible, and certain direct primary care arrangements covered. These changes give more taxpayers ability to contribute to HSAs and access tax-free reimbursements.
• Interest rates remain the same for the first quarter of 2026 — For the calendar quarter beginning January 1, 2026, the IRS has kept interest rates unchanged: for individuals, overpayments and underpayments remain at 7% per year, compounded daily; similar maintenance for corporate rates. These rates affect underpayments, overpayments, large corporate underpayments and overpayments exceeding $10,000.
• Relief from Penalty for Failure to Deposit Remittance Excise Tax (Notice 2025-55) — Notice 2025-55 provides transitional penalty relief for remittance transfer providers for the first three calendar quarters of 2026, under section 6656 penalties, related to the new 1% remittance transfer excise tax under section 4475. Providers who make timely but potentially miscalculated semimonthly deposits and pay any underpayments in full by the Form 720 due date will avoid penalties. Safe-harbor rules remain available under reasonable cause.
• Notice 2025-55: Relief from Penalties on Remittance Transfer Excise Tax Deposits — Notice 2025-55 grants limited relief from deposit failure penalties under IRC section 6656 for remittance transfer providers during the first three calendar quarters of **2026**. It also clarifies that providers may still use the deposit safe harbor rules, provided they satisfy reasonable cause, even if deposits are incorrectly calculated during that period. This relates to the new 1% excise tax on certain remittances under Section 4475 of the Code, effective January 1, 2026.
• Treasury, IRS issue proposed amendments to reporting thresholds under OBBB raising certain information-reporting threshold to $2,000 and limiting wagering loss deductions to 90 % — Under the One, Big, Beautiful Bill, section 70433 increases the threshold that triggers reporting under section 6041(a) from $600 to **$2,000** for payments made after December 31, 2025. Also, deductions for wagering losses (by taxpayers who itemize) are now limited to **90 %** of gambling gains under section 165(d). The IRS has proposed regulation amendments to bring existing regulations in line with these statutory changes.
• IRS issues proposed regulations for Trump Accounts pilot program, Treasury Department to deposit $1,000 into the account of each eligible child — These proposed regulations implement sections 530A and 6434 of the Internal Revenue Code under the One, Big, Beautiful Bill Act. They provide guidance for establishing Trump Accounts for eligible children, rules governing the pilot contribution of $1,000 from the Secretary of Treasury for qualifying children, definitions of eligible children, and the election process (Form 4547). These rules are proposed and public comments are sought.
• Proposed regulations on the remittance transfer tax established under the One, Big, Beautiful Bill — Proposed regulations clarify definitions and rules around the 1% excise tax on remittance transfers funded with physical instruments, including which instruments qualify, the tax base, timing, and procedural requirements. Providers must collect, deposit semimonthly, and file quarterly returns. Comments due by June 12, 2026.
• REG-117270-25 Proposed Regulations Relating to Trump Accounts — These proposed regulations implement section 530A of the Internal Revenue Code introduced by Public Law 119-21 (the One, Big, Beautiful Bill). They provide guidance on how to make an election to open an initial Trump account for an eligible child, define the eligible individuals, responsible parties, filing & election procedures (including Form 4547), outline contribution limits ($5,000/year) and employer contribution rules, investments allowed during the growth period, and how the account behaves after the child turns 18. The regulations apply to taxable years beginning on or after January 1, 2026. A public comment period is open (comments and hearing requests due by May 8, 2026).
• Proposed Regulations on Eligible Investments for Trump Accounts Under Working Families Tax Cuts — IRS and Treasury propose regulations governing what kinds of investments Trump Accounts (new type of traditional IRA under WFTC) may hold during the growth period (until the account beneficiary turns age 18). Restrictions include fee caps (no more than 0.10 %), mutual or index-tracking ETFs, no leverage. Applies to tax years beginning Jan 1, 2026; comments requested by October 20, 2026.
• Permanent Expansion of Employer Credit for Paid Family and Medical Leave under WFTC — Working Families Tax Cuts permanently expands the PFML employer credit in Section 45S: broader eligibility (employees with six months of service, part-time workers working 20 hours or more/week), ability to claim based on premiums paid for leave insurance, or wages paid during leave, with election between methods, effective for taxable years beginning in 2026.
• REG-105064-25 Proposed Regulations for Electronic Furnishing of Form 1099-DA Statements — Under REG-105064-25, Treasury & IRS propose allowing brokers to furnish 1099-DA digital asset statements electronically instead of on paper. Key new rules: customers may have to consent to electronic delivery; enhanced notice and delivery obligations; broker firms may terminate relationship if consent isn’t provided; they must retain access for customers; applies to digital asset brokers and other specified persons. These regulations intend to streamline filings for digital asset transactions under the One, Big, Beautiful Bill.
• Notice 2026-25: Adjustments to Housing Expense Limitations for Section 911 for 2026 — Updates the limitation on housing expenses under section 911 for the 2026 tax year, adjusting for geographic differences so qualified taxpayers (working abroad) can use higher allowances if applicable; since this notice supersedes previous 2025 limits, eligible remote workers may apply the updated limits to their 2025 returns where beneficial.
• Proposed regulations on the remittance transfer tax under the One, Big, Beautiful Bill — Beginning January 1, 2026, a 1% excise tax applies to certain remittances from the U.S. to foreign recipients when the sender uses physical instruments. The proposed regulations define scope, clarify definitions, and specify provider and sender obligations including reporting and deposit schedules. These are currently open for comment until June 12, 2026.
• Proposed regulations on new remittance transfer tax under the One, Big, Beautiful Bill — The Treasury and IRS issued proposed regs clarifying the new excise tax (1% rate) that applies to certain remittance transfers beginning Jan 1, 2026. It specifies which “physical instruments” trigger tax, defines amount on which tax is imposed, outlines remittance providers’ responsibilities for collection, deposits, and filing. Public comments due by June 12, 2026.
• Notice 2025-65: Indexing factors to calculate the Qualifying Payment Amount for items or services furnished during 2026 — Notice 2025-65 provides the percentage increase for calculating QPAs for 2026 under the No Surprises Act. It specifies how to index median contracted rates from base years (such as 2019) using CPI-U increases. The notice is effective January 1, 2026. Plans and issuers must begin using these factors for cost sharing and balance-billing protections under NSA.
• Treasury-IRS issue guidance on permanent expansion of paid family and medical leave tax credit under the Working Families Tax Cuts — Notice 2026-28 provides guidance under section 45S for employers: expanding eligibility to include part-time employees working 20+ hours/week, employers may use premiums paid for PFML insurance or wages paid during leave, and state/local mandate leave may be counted toward eligibility. Credit rate ranges 12.5-25%, for up to 12 weeks leave. Implements changes under the Working Families Tax Cuts Act. The policy makes providing PFML more attractive to employers and increases benefits to eligible employees.
• Proposed Regulations on the New Remittance Transfer Tax under the One, Big, Beautiful Bill — The Treasury Department and IRS published proposed regulations (REG-114499-25) clarifying the 1% excise tax on certain remittance transfers under Section 4475 of the One, Big, Beautiful Bill. These proposed rules define key terms such as what constitutes a physical instrument (cash, money order, cashier’s check, etc.), the base amount on which the tax is imposed, the roles and liabilities of remittance transfer providers vs senders, and reporting/payment obligations including semimonthly deposits and quarterly returns using Form 720. Penalties for non-collection shift liability to the provider if the tax isn’t collected from the sender. Public comments are due by June 12, 2026. Implications include compliance burdens for remittance providers and potential cost increases for senders.
• Proposed Regulations on Eligible Investments for Trump Accounts (IR-2026-96) — These proposed regulations specify what investments are allowed during the Trump Account growth period (until account beneficiary turns 17), including mutual funds or ETFs tracking U.S. equity indices with no leverage and fees ≤ 0.1%. A trustee must offer eligible investments; if a beneficiary does not choose, trustee selects by default. Effective for tax years beginning on or after January 1, 2026.
• Proposed Regulations on the New Remittance Transfer Tax Established under the One, Big, Beautiful Bill — The Treasury and IRS issued proposed regulations clarifying definitions, liability, required collection, deposit, and reporting for the new 1% excise tax on remittance transfers made via physical instruments on or after January 1, 2026. Implications include compliance burdens for remittance providers and senders, with comments due by June 12, 2026.
• Tax-year 2026 annual inflation adjustments for U.S. tax provisions, including FEIE and standard deductions — The U.S. Internal Revenue Service announced increases for 2026 in more than 60 tax provisions under the “One, Big, Beautiful Bill.” Key changes include: standard deduction rise to $32,200 for married filing jointly and $16,100 for singles; the Foreign Earned Income Exclusion bumped to $132,900; updated tax rate thresholds; higher limits for AMT exemption, estate tax exclusion; enhanced employer-provided childcare tax credit.
• Revenue Procedure 2026-15: Depreciation Limitations for Passenger Automobiles Placed in Service in Calendar Year 2026 — This revenue procedure (Rev. Proc. 2026-15) establishes updated dollar limits for depreciation deductions for passenger automobiles placed in service in 2026. It includes limits for vehicles eligible for § 168(k) bonus depreciation and those not eligible, specifies amounts for each taxable year (1st through succeeding), and provides the tables lessees use for income inclusion for leased vehicles. Significance: it affects the timing and amount of depreciation deductions that businesses and individuals may claim, influencing vehicle purchase decisions and tax liability.
• Increase of Standard Deduction and AMT Exemption Amounts for Tax Year 2026 Under OBBB — Under the One, Big, Beautiful Bill and associated inflation adjustments, the standard deduction amounts for 2026 have increased significantly—for married filing jointly: $32,200; single filers: $16,100; heads-of-household: $24,150. Similarly, the AMT exemption amounts have also adjusted upward. These changes affect tax liability for individuals and married couples.
• Notice 2025-65: Indexing factors for group health plans to calculate the Qualifying Payment Amount for 2026 — Under the No Surprises Act, Notice 2025-65 publishes the **indexing factors** that health plans and insurance issuers must use to calculate QPAs (qualifying payment amounts) for items or services furnished in 2026. These factors determine patient cost-sharing and protections against surprise billing.
• Notice of 2026-25: Adjusted Housing Limitations for Section 911 for 2026 — For tax year 2026, the IRS has updated the housing cost amount limits under § 911. The base housing amount (minimum threshold) is 16% of the FEIE ($132,900), or $21,264 full-year, and the maximum housing expense generally capped at 30% (i.e. $39,870). Geographic adjustments apply to specific foreign locations.
• Determination of Housing Cost Amounts Eligible for Exclusion or Deduction for 2026 — Notice 2026-25 establishes updated limits for 2026 under IRC § 911: foreign housing base amount at 16 % of the FEIE (≈ $21,264), housing expense cap at 30 % (≈ $39,870), and includes adjusted limits for high-cost geographic locations. These limits apply to qualified individuals claiming foreign housing exclusion or deduction.
• IRS Releases Inflation Adjustments for Tax Year 2026 under the One, Big, Beautiful Bill — IRS Publication of Revenue Procedure 2025-32 updates more than 60 tax provisions for TY 2026 filings (to be filed in 2027), including standard deductions, marginal rate brackets, FEIE, estate tax exclusion, AMT exemption, credit thresholds, fringe benefit limits, etc., as indexed under OBBB Act.
• Cola increases for dollar limitations on benefits and contributions — For 2026, IRS applies cost-of-living adjustments (COLA) to retirement-related limits: IRA contribution limit up to $7,500; 401(k) deferrals limit $24,500; SEP, SIMPLE plan limits; defined benefit and contribution plans adjusted accordingly.
• Proposed Regulations on New Remittance Transfer Tax (Section 4475) — Beginning January 1, 2026, a 1 % excise tax applies to remittances funded by cash, money order, cashier’s checks or similar physical instruments; providers must collect and remit the tax, make semimonthly deposits and file quarterly returns. Proposed regulations clarify taxable instruments, scope and tax base; comments due June 12, 2026.
• 2026 annual inflation adjustments for more than 60 U.S. tax provisions announced by the IRS — The IRS issued Revenue Procedure 2025-32 setting out inflation-indexed adjustments for tax year 2026. Key changes include increases to the standard deduction (e.g., $32,200 for married filing jointly), foreign earned income exclusion rising to $132,900, and adjusted exemption amounts for AMT and estate taxes. These changes will affect returns filed in 2027.
• U.S. proposed remittance transfer excise tax rules under OBBB Act — Beginning January 1, 2026, the One, Big, Beautiful Bill Act imposes a 1 % excise tax on remittances sent from the United States via physical instruments (cash, money order, cashier’s check, etc.) to recipients abroad. The Treasury and IRS issued proposed regulations clarifying scope, definitions, rates, and reporting requirements, including providers’ responsibilities to collect tax, make deposits semimonthly, and file returns quarterly. Comments were due June 12, 2026.
• IRS simplifies penalty relief, introduces automatic process for eligible taxpayers — IRS announced the new Automatic Exemption from Penalty (AEP), replacing the First Time Abate relief for eligible taxpayers. AEP automatically grants relief from failure-to-file, failure-to-pay, and failure-to-deposit penalties for those with a history of timely filing and paying—no request needed. First Time Abate will be phased out, with AEP applying to returns with original due dates on or after January 1, 2027.
• New Inflation Adjustments for Tax Year 2026 under the One, Big, Beautiful Bill Act — As part of revenue procedure 2025-32, the IRS updated inflation adjustments for over 60 tax provisions for tax year 2026. Notable changes include increased standard deduction amounts, revised estate tax exemption, and boosted adoption credit limits. These adjustments affect returns filed in 2027.
• Proposed Regulations on Eligible Investments for Trump Accounts under the Working Families Tax Cuts — Under recent proposed regulations (IR-2026-96), during the growth period (from account establishment until the calendar year in which the child turns age 17), Trump Accounts may invest only in eligible investments: mutual funds or ETFs tracking primarily U.S. equity indices, no leverage, with annual fees ≤ 0.1%. After growth period, restrictions lift. These proposals apply to tax years beginning on or after January 1, 2026. Public comments requested by October 20, 2026.
• Notice 2026-6: Extension of Transition Period to Calendar Year 2026 for Certain Requirements in Revenue Ruling 2025-4 — IRS Notice 2026-6 extends through calendar year 2026 the transition period for States administering paid family and medical leave programs and employers participating in such programs with respect to medical leave benefits paid by States that are due to employer contributions. Under Revenue Ruling 2025-4, such benefits are included in employee gross income and considered wages for Federal tax and reporting purposes. The extension gives additional time to comply and system-update before full enforcement. ([irs.gov](https://www.irs.gov/irb/2026-02_IRB?utm_source=openai))
• Treasury, IRS issue proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill — This policy introduces proposed regulations clarifying definitions and rules for the new 1% excise tax (remittance transfer tax) on certain remittance transfers under the One, Big, Beautiful Bill. Beginning January 1, 2026, senders using physical instruments (cash, money orders, cashier’s checks, etc.) will owe a 1% tax; remittance providers must collect from senders, make semimonthly deposits, and file quarterly Form 720 returns. Providers not collecting the tax become liable for it. Comments on the proposed regulations are due by June 12, 2026.
• Treasury, IRS issue intent to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill — Notice 2026-36 under the One, Big, Beautiful Bill Act expands the definition of “covered employee” for Section 4960. Under prior law, only the five highest-paid employees of a tax-exempt organization were covered; OBBBBA changes that to any employee earning over $1 million in a taxable year or receiving excess parachute payments, effective for years after December 31, 2025. Proposed regulations will also consider limited hours and non-exempt funds exceptions. Comments are solicited until August 4, 2026.
• Guidance for Energy Tax Credits Regarding Material Assistance from Prohibited Foreign Entities — Notice 2026-15 provides **interim guidance** under the One, Big, Beautiful Bill for determining when electricity-producing qualified facilities, energy storage technologies, or eligible components receive “material assistance” from a **prohibited foreign entity (PFE)**, making them ineligible for certain energy tax credits (e.g., §§ 45Y, 48E, 45X). It lays out safe harbor cost-ratio methods, example calculations, and seeks public comments for forthcoming regulations. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-certain-energy-tax-credits-regarding-material-assistance-provided-by-prohibited-foreign-entities-under-the-one-big-beautiful-bill?utm_source=openai))
• IRS Issues Proposed Regulations on the Section 45Z Clean Fuel Production Credit (REG-121244-23) — The IRS and Treasury released proposed regulations for the Section 45Z clean fuel production credit (part of the "One, Big, Beautiful Bill" Act) setting rules for eligibility, emissions rate tables, certification and registration requirements. They clarify how non-SAF and SAF fuel must meet feedstock and foreign assistance restrictions, and establish procedures for credit applicants. Comments are due by April 6, 2026; public hearing set for May 28, 2026. ([irs.gov](https://www.irs.gov/irb/2026-09_IRB?utm_source=openai))
• Treasury/IRS guidance on energy tax credits & prohibited foreign entity restrictions (Notice 2026-15) — Interim guidance under the One, Big, Beautiful Bill regarding the eligibility of clean electricity, energy storage and advanced manufacturing credits. The guidance defines how to calculate the material assistance cost ratio (MACR), applies safe harbor rules, and imposes restrictions if component or facility assistance is received from a prohibited foreign entity.
• Notice 2026-23: Guidance on material assistance from Prohibited Foreign Entities for clean energy tax credits — With enactment of the One, Big, Beautiful Bill, the IRS has issued Notice 2026-15 to clarify how credits under IRC Sections 45Y, 48E (clean electricity), and 45X (advanced manufacturing production) may be denied if entities receive material assistance from prohibited foreign entities. Interim safe harbors and rules for calculating a material assistance cost ratio are provided, with full regulations to follow. This policy affects eligibility for significant energy tax credits for many companies in clean energy sectors.
• Notice 2026-36: Proposed regulations for excess compensation under OBBBA — The Treasury and IRS issued Notice 2026-36 announcing proposed regulations under IRC § 4960 (excise tax on excess compensation and parachute payments) for tax-exempt organizations. Key changes include expanding the definition of “covered employee” to anyone earning over $1 million or receiving excess parachute payments, effective for taxable years beginning after December 31, 2025. Transition relief (limited hours, nonexempt funds) is provided until final regulations are issued.
• Notice of Intent to Issue Proposed Regulations for Excise Tax on Excess Tax-Exempt Organization Executive Compensation (Section 4960) — Notice 2026-36 announces that Treasury and the IRS intend to issue proposed regulations modifying the definition of “covered employee” under section 4960 of Internal Revenue Code, extending excise tax on excess compensation & excess parachute payments for tax-exempt organizations beyond the top 5 employees to any employee earning over $1 million or under certain parachute payment rules, and soliciting comments by August 4, 2026. It also proposes exceptions such as limited hours and nonexempt funds.
• Change for Dyed Fuel Excise Tax Refund Claims Under OBBB — Announcement 2026-01 under the One, Big, Beautiful Bill introduces a new **statutory refund mechanism** for federal excise tax paid on dyed fuel. Taxpayers who originally paid tax on clear diesel or kerosene (first removal) and later removed it from an approved terminal as dyed fuel for a nontaxable use (on or after Dec 31, 2025) may claim a refund, subject to guidance. The IRS will issue rules for the process and eligibility. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-announce-forthcoming-guidance-on-a-new-method-for-recovering-federal-excise-tax-paid-on-dyed-fuel-established-under-the-one-big-beautiful-bill?utm_source=openai))
• Temporary Regulations for Dyed Fuel Refund Method under One, Big, Beautiful Bill — As of April 30, 2026, Treasury and IRS issued temporary regulations and proposed rulemaking allowing taxpayers who paid excise tax on clear diesel or kerosene, then removed fuel as dyed for nontaxable use (on or after Dec. 31, 2025) to claim refunds using updated Form 8849 and Schedule 5, provided certain requirements are met. Regulations effective immediately and limited term. Entities must carefully document purchases, dyeing, and uses.
• New method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill — Temporary regs & NPRM providing rules for claiming refunds of excise tax paid on clear diesel/kerosene that is later indelibly dyed and removed for nontaxable use. Limitation: claimants must be the ones who paid the tax originally. Form 8849 (and Schedule 5) to be used. Effective immediately, temporary rules expire no later than three years.
• Notice of Intent to Issue Regulations Under Section 4960 — IRS and Treasury announced proposed regulations to clarify the expanded definition of “covered employee” under section 4960 as amended by section 70416 of P.L. 119-21 (the OBBBA). Effective for taxable years beginning after December 31, 2025, all employees (and certain former employees after 2016) may become covered employees. Proposed rules will address which exceptions still apply (limited hours, nonexempt funds), remove others (limited services), and the effective dates. Public comments due beginning until August 4, 2026.
• Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill — Notice 2026-36 signals upcoming proposed regulations expanding excise tax liability for any employee of a tax-exempt organization earning over $1 million or receiving excess parachute payments. Applies to tax years after Dec 31, 2025; includes transitional relief and exceptions for limited hours/non-exempt funds until final regulations are released.
• Statutory increase in reporting and backup withholding thresholds to $2,000 under One, Big, Beautiful Bill — The OBBBA raised the reporting threshold (for payments under Forms 1099-MISC, 1099-NEC, W-2G and for backup withholding) from $600 to $2,000 for payments made after Dec 31, 2025. This reduces reporting compliance burdens for payors making payments below $2,000. Proposed regs to align regulatory language with new statute.
• Notice 2026-36: Expanded Application of Excise Tax on Excess Compensation under the One, Big, Beautiful Bill — Notice 2026-36 (issued June 5, 2026) announces the Treasury and IRS’s intent to issue proposed regulations expanding the definition of "covered employee" for excise tax purposes in Applicable Tax-Exempt Organizations (ATEOs). Under OBBB, this includes any employee with compensation exceeding $1 million or receiving excess parachute payments, not just the top five highest paid. Limited hours and non-exempt funds exceptions apply temporarily until further guidance. Comments on all aspects of the Notice are requested by August 4, 2026.
• Treasury, IRS provide guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill — Section 6435 added by OBBB allows taxpayers who paid §4081 excise tax on diesel or kerosene—and later removed the fuel from a terminal as indelibly dyed fuel for nontaxable use—effective for removals on or after December 31, 2025—to file claims for refund using Form 8849 and Schedule 5 under the temporary regulations. These rules are in effect immediately and will remain until permanent regulations are issued, no later than three years.
• Transitional Guidance on Qualified Opportunity Zones under §§ 1400Z-1 and 1400Z-2 — Notice 2026-40 provides transitional guidance for Qualified Opportunity Zones (QOZs) under §§ 1400Z-1 and 1400Z-2 as amended by the One, Big, Beautiful Bill (OBBBA), including rules for investments made before December 31, 2026 under the prior rules, treatment of QOF stock, designation periods, substantial use of property, and safe-harbors after designation period ends. Forthcoming proposed regulations will build on this guidance.
• IRS CEO highlights Working Families Tax Cuts provisions: no tax on car loan interest, no tax on overtime, enhanced deduction for seniors — Under the Working Families Tax Cuts (part of the One, Big, Beautiful Bill Act), taxpayers may claim new deductions for car loan interest (on qualified U.S.-assembled personal vehicles), overtime compensation exceeding regular rate under FLSA, and enhanced standard deduction for taxpayers 65 and older—along with no tax on tips—effective for tax years 2025-2028. Hundreds of thousands of filers have already benefited; provides detailed eligibility and usage data.
• 2026 filing season updates and resources for seniors — IRS announced a new **enhanced deduction for taxpayers aged 65 or older** under the One, Big, Beautiful Bill: an additional $6,000 deduction per person (or $12,000 for joint filers with both spouses 65+). The deduction phases out for modified AGI over $75,000 ($150,000 joint). Other updates: changes to the Earned Income Tax Credit (EITC), resources for tax return assistance, and reminders for seniors to review withholdings and Social Security benefits reporting.
• Announcement 2026-9: Final Regulations Listing Occupations Where Workers Customarily and Regularly Receive Tips Under the One, Big, Beautiful Bill — These final regulations identify the nearly 70 occupations that qualify for the "No Tax on Tips" deduction under the OBBB Act, defining which workers may deduct up to $25,000 in qualified tips starting in tax year 2025. The list clarifies eligibility and helps taxpayers in tipped occupations understand reporting and deduction requirements.
• Notice 2026-36: Proposed regulations on excise tax on excessive compensation and excess parachute payments under OBBB — Notice 2026-36 announces the IRS’s intent to issue proposed regulations that expand the definition of “covered employee” for applicable tax-exempt organizations. Under OBBB, any employee earning over $1 million in a tax year or receiving excess parachute payments may be subject to excise taxes. The notice also provides for transition relief—allowing exceptions (e.g. limited hours and nonexempt funds) until final regulations are issued. Comments are due by August 4, 2026.
• Treasury, IRS provide guidance for certain energy tax credits regarding material assistance provided by prohibited foreign entities under the One, Big, Beautiful Bill — This guidance (Notice 2026-15) defines rules for determining whether electricity-producing facilities, energy storage technologies, eligible components are receiving material assistance from prohibited foreign entities (PFEs), and whether they are ineligible for credits under Sections 45Y, 48E, or 45X. It provides interim safe harbors, example calculations, proposes tables, and solicits public comment.
• Treasury, IRS: Supplemental basic allowance for housing payments to members of the military are not taxable — This policy confirms that the special one-time supplemental basic housing allowance paid to eligible uniformed service members in December 2025 is excluded from gross income and not taxable, as it is a “qualified military benefit” under the tax code.
• Rev. Proc. 2026-16: Waiver of Foreign Earned Income Exclusion Minimum Time Under OBBB — Revenue Procedure 2026-16 adds Haiti, Ukraine, Democratic Republic of the Congo, South Sudan, Iraq, Lebanon, and Mali to the list of countries for which individuals may qualify for foreign earned income exclusion despite not meeting the bona fide residence or physical presence time tests, due to adverse conditions. This affects certain U.S. citizens or residents abroad for tax year 2025.
• Internal Revenue Bulletin: Notice 2026-33 — Qualified long-term care distributions under SECURE 2.0 — Effective for distributions made after December 29, 2025, defined contribution plans may make *qualified long-term care distributions* to pay certified long-term care insurance for participants and spouses if conditions in §§401(a)(39) and 6050Z are satisfied. Notice clarifies disclosure and reporting duties for plan administrators and issuers of LTC insurance.
• Guidance on Qualified Long-Term Care Distributions under SECURE 2.0 (Notice 2026-33) — IRS Notice 2026-33 provides guidance on qualified long-term care distributions (QLTCD) under sections 401(a)(39) and 6050Z of the Internal Revenue Code. Distributions made after December 29, 2025 to pay for certified LTC insurance for employee or spouse may avoid the 10% early withdrawal penalty, subject to disclosure, reporting, and plan amendment safe harbor requirements.
• Relief from Additions to Tax under Sections 6654 and 6655 for Underpayment of Estimated Income Tax by Taxpayers Making an Election under Section 1062 (Notice 2026-3) — Notice 2026-3 provides limited penalty relief under sections 6654 and 6655 (estimated tax underpayment penalties) for taxpayers who make a proper election under § 1062 to defer payment of tax on the sale or exchange of qualified farmland property. The IRS waives the portion of the addition to tax attributable to the deferred portion, allowing those taxpayers to avoid penalties that would conflict with the purpose of § 1062. For those who already filed returns and reported penalties, they may file Form 843 with appropriate notation to request abatement.
• Notice 2026-3: Estimated tax penalty relief for taxpayers making Section 1062 election in qualified farmland sales — This notice grants abatement of section 6655 penalties for estimated income tax underpayments that are solely due to making a Section 1062 election for qualified farmland sales. Taxpayers who properly make the election can compute their required estimated payments under election rules, or if penalty already assessed, seek relief by filing Form 843 with appropriate identification. Lowers compliance burden during deferral over four years.
• Notice 2026-3: Limited waiver of addition to tax for underpayment of estimated income tax by taxpayers making a Section 1062 election — Notice 2026-3 provides that for taxpayers making a proper Section 1062 election on qualified farmland sales, the IRS will waive portions of penalties under Sections 6654 and 6655 for underpayment of estimated tax tied to the deferred portion—excluding 75% of net tax liability from required payments; must still pay 25% by return due date.
• Final Regulations on BEAT Qualified Derivative Payments for Securities Lending Transactions — Effective December 17, 2025, corporations with substantial gross receipts engaged in payments to foreign related parties via securities lending transactions receive new guidance for determining and reporting qualified derivative payments (QDPs). The final rule enables taxpayers to use specific identification of recipients/payors to exclude mark-to-market gains or losses for BEAT purposes; if identification is not feasible, a fallback allocation method limiting inclusion is provided.
• Relief From Joint and Several Liability (REG-132251-11) and Community Property Law (REG-134219-08) Proposed Regulations Withdrawn — The IRS has officially withdrawn two long-standing proposed regulations—REG-132251-11 (relief from joint and several liability under IRC §6015) and REG-134219-08 (relating to relief under State community property laws) as of December 15, 2025. This withdrawal eliminates uncertainty over these proposals, but does not override existing statutory requirements. Taxpayers seeking relief under those rules must rely on current statutes and regulations until any new proposals are published. The withdrawal is effective immediately for all tax years after that date.
• Final Regulations Under Section 892 Relating to Taxation of Income of Foreign Governments and of International Organizations — These final regulations clarify when foreign governments or their entities are treated as engaged in commercial activity or controlled commercial entities (CCE), expand the definition of financial instruments (including certain derivatives), and provide for a 180-day cure period to rectify inadvertent commercial activities. The regulations affect income derived from U.S. sources such as investments in securities. For foreign governments to maintain exemption under IRC §892, they must avoid engagement in commercial or controlling activity as per the definitions.
• Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance — Joint Treasury and IRS proposed regulations under Sections 898(c) and 960(d)(4) provide rules for allocating foreign taxes when the one-month deferral election is repealed, determining disallowed foreign tax credits for PTEP distributions under new inclusion rules, and election/tracking mechanics by U.S. shareholders of foreign corporations. Written comments due by September 17, 2026.
• Revenue Procedure 2025-31: Safe harbor for certain trusts that stake digital assets while preserving investment trust and grantor trust status — Revenue Procedure 2025-31 provides a safe harbor allowing trusts qualifying both as investment trusts and grantor trusts to stake digital assets without jeopardizing their tax classification, and offers a limited timeframe for existing trusts to amend governing instruments to comply with requirements.
• Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025 — Guidance clarifies eligibility and reporting requirements for the deductions of cash tips and qualified overtime compensation for 2025 under the One Big Beautiful Bill, allowing taxpayers to reduce taxable income for tips and mandated overtime pay, and informing payors of the new information reporting and penalty relief provisions.
• Tax benefit for lenders on loans secured by rural or agricultural real property — OBBB added section 139L allowing lenders to exclude 25% of interest income from loans secured by rural or agricultural real property; interim guidance defines qualifying property and refinancings. Significant benefit for lenders serving rural/agricultural sectors.
• Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill — Interim guidance under Notice 2025-71 defining who qualifies under IRC § 139L for lenders to exclude 25% of interest income from loans secured by rural or agricultural real property. Establishes definitions of rural/agricultural property, standards for loan security and refinancings. Effective immediately upon guidance publication, pending future proposed regulations. Offers tax savings for eligible lenders in rural/agricultural finance.
• Notice 2025-65: Indexing factors for qualifying payment amount under the No Surprises Act — Notice 2025-65 provides the indexing factors to be used by group health plans and health insurance issuers to calculate the Qualifying Payment Amount (QPA) for items or services provided on or after January 1, 2026 through December 31, 2026, affecting cost-sharing protections under the No Surprises Act.
• IRS announces tax year 2026 annual inflation adjustments, including increased limits for 401(k) and IRA contributions — Revenue Procedure 2025-32 sets out new **inflation-adjusted tax provision limits** for tax year 2026: notably increasing the 401(k) contribution limit to **$24,500**, and the IRA limit to **$7,500**, among others. These adjustments affect many deduction and threshold provisions.
• Revenue Procedure 2025-31: Safe Harbor for Trusts Staking Digital Assets — This procedure outlines a safe harbor that allows trusts which qualify as investment trusts under § 301.7701-4(c) and grantor trusts to stake digital assets—specifically assets on proof-of-stake permissionless networks—without losing trust classification. Trusts may also amend governing documents within a nine-month window beginning November 10, 2025 without losing their status. Requires compliance with custody, liquidity, disclosure, and SEC rules. Effective for tax years ending on or after November 10, 2025.
• Rev. Proc. 2025-31: Safe Harbor for Trusts Staking Digital Assets — Revenue Procedure 2025-31 establishes a safe harbor permitting certain trusts to stake digital assets on proof-of-stake permissionless networks and still qualify as investment trusts under § 301.7701-4(c) and as grantor trusts, provided requirements are met (public trading, custody, liquidity, distributions, etc.). Existing trusts may amend governing instruments within nine months after November 10, 2025 to avail this safe harbor.
• Notice 2025-63: Proposed Regulations on Sourcing of Borrow Fees in Securities Lending and Repo Transactions — Treasury and IRS intend to issue proposed regulations specifying that certain borrow fees (and negative rebates) paid in securities lending or sale-repurchase (repo) transactions will be sourced based on the residence of the recipient. Applies to master agreement documented transactions in ordinary business or investment activities. Has implications for foreign investors, withholding, treaties, and financial institutions. Still proposed—formal rule not yet finalized.
• IRS Safe Harbor for Trusts Staking Digital Assets Under the One, Big, Beautiful Bill — Revenue Procedure 2025-31 creates a safe harbor under which trusts qualifying as investment trusts under § 301.7701-4(c) and as grantor trusts may stake digital assets (on proof-of-stake networks) without losing trust classification. Sets single-asset, custodial, disclosure, activity, and distribution rules plus a nine-month amendment window starting November 10, 2025. Applies pending compliance with all requirements.
• Notice 2025-62: Penalty Relief for Tax Year 2025 Reporting Requirements under the One, Big, Beautiful Bill — Under Public Law 119-21 (the One, Big, Beautiful Bill Act), new information reporting requirements for cash tips and qualified overtime compensation take effect for tax year 2025. Notice 2025-62 provides **transition penalty relief** for employers and other payors who fail to provide separate accounting of cash tips, occupation codes, or total qualified overtime compensation—so long as the remainder of the return or statement is complete and correct. This gives a transition period for systems to catch up while still requiring full returns. The relief is limited to the 2025 tax year. Implications include changes to payroll systems, statements to workers, and employer reporting practices.
• Treasury, IRS provide transition penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill — Notice 2025-62 provides relief to employers/payors from penalties for tax year 2025 for new information reporting requirements around cash tips, the occupation of tip recipients, and qualified overtime compensation under OBBB. The relief applies if returns/statements are otherwise complete and correct; updated boxes/forms will not be issued for 2025.
• Penalty relief for tax year 2025 reporting cash tips and qualified overtime under the One, Big, Beautiful Bill — Notice 2025-62 grants employers and other payors penalty relief for tax year 2025 with respect to new information reporting requirements for cash tips and qualified overtime compensation under the OBBBBA. Employers won’t face penalties for failing to provide occupation codes or separate accounting of tips/overtime so long as the overall return or statement is complete and correct. Allows transitional leniency while systems adapt.
• Notice 2025-62 – Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill — For tax year 2025 only, the IRS and Treasury are providing **penalty relief** to employers or other payors for failures in reporting requirements under the One, Big, Beautiful Bill (OBBB) regarding cash tips and qualified overtime compensation. Specifically, employers will not be penalized under § 6721 or § 6722 for failing to separately account for cash tips or report payee occupations, or failing to separately report qualified overtime compensation, **so long as** they file a complete and correct return or statement overall. This relief acknowledges that many payors need time to build systems, gather required information, and update reporting forms.
• Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime Under the One, Big, Beautiful Bill — The Department of the Treasury and the IRS issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill.
• Changes to Child Tax Credit Eligibility — Recent legislation has modified the eligibility criteria for the Child Tax Credit, expanding benefits for families with lower incomes.
• Transitional guidance for returns relating to certain interest on specified passenger vehicle loans under section 6050AA — Notice 2025-57 provides transitional guidance under section 6050AA: in 2025, recipients of specified passenger vehicle loan interest required to report in trade or business can satisfy the obligation by making a statement to individuals summarizing total interest received in the calendar year. Penalties under sections 6721 and 6722 won’t apply in 2025 for properly made statements.
• Notice 2025-57: Transitional guidance for section 6050AA reporting of applicable passenger vehicle loan interest — Transitional guidance for calendar year 2025 that allows recipients of interest under specified passenger vehicle loans from individuals in a trade or business to satisfy reporting obligations under section 6050AA by providing a statement of total interest amount for 2025. The IRS will not impose penalties under §§ 6721 & 6722 if the statement is made per this guidance.
• Transitional guidance on reporting interest on specified passenger vehicle loans under new section 6050AA — Notice 2025-57 provides transitional guidance for recipients of interest on specified passenger vehicle loans in a trade or business under section 6050AA of the Internal Revenue Code as added by the One, Big, Beautiful Bill Act. For calendar year 2025, such recipients may satisfy the new information reporting obligations by providing a statement to the individual showing total interest received during the year. Penalties under sections 6721 and 6722 will not apply for returns/statements for 2025 if this guidance is followed.
• Notice 2025-57: Transitional guidance for businesses reporting car loan interest under the One, Big, Beautiful Bill — Provides that for tax year 2025, recipients of interest on specified passenger vehicle loans under the new reporting requirement (§ 6050AA) may meet obligations by issuing statements detailing total interest, and penalties under IRC sections 6721 and 6722 will not be imposed if this method is followed. This gives relief during transition for lenders and payors adapting to the new vehicle loan interest reporting rule.
• Temporary Tax Relief for Disaster-Affected Areas — The IRS has announced temporary tax relief measures for taxpayers in areas affected by recent disasters, allowing delayed filing and payment deadlines.
• IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 — The IRS issued FAQs regarding the Form 1099-K reporting threshold, indicating that the dollar limit reverts to $20,000 under the One, Big, Beautiful Bill.
• Treasury and IRS Issue Guidance on 'No Tax on Tips' Provision — The Department of the Treasury and the IRS have issued proposed regulations listing nearly 70 occupations where workers customarily receive tips, under the 'One, Big, Beautiful Bill.' Public comments are requested within 30 days.
• IRS issues FAQs to address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill — The IRS released FAQs relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after January 31, 2024, as enacted under the One, Big, Beautiful Bill.
• Interest Rates for the Fourth Quarter of 2025 — The IRS announced that interest rates will remain the same for the calendar quarter beginning October 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.
• Notice 2025-57: Transitional Guidance Regarding Returns Relating to Certain Interest on Specified Passenger Vehicle Loans Received in a Trade or Business — Under OBBB, lenders receiving interest of $600 or more from individuals on qualified passenger vehicle loans must file information returns and provide statements. Notice 2025-57 provides transitional relief for 2025: lenders can meet reporting obligations by issuing borrower statements of total interest by January 31, 2026, without penalty under sections 6721–6722 if these statements are provided. Full reporting to IRS and standardized forms are anticipated later.
• Transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill — Notice 2025-57 under the One, Big, Beautiful Bill acts gives businesses and lenders transition relief during calendar year 2025 for meeting new reporting requirements under § 6050AA. For specified passenger vehicle loans, lenders receiving $600 or more interest from an individual must report and provide a statement by January 31, 2026. Penalties under §§ 6721 and 6722 are waived for 2025 if requirements are satisfied. The deduction for qualified passenger vehicle loan interest (QPVLI) becomes available for taxable years beginning after December 31, 2024.
• IRS Announces Tax Year 2026 Annual Inflation Adjustments — The IRS has released the tax year 2026 annual inflation adjustments for over 60 tax provisions, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
• IRS Statement on Operations Limited During the Lapse in Appropriations; Regular Tax Deadlines Remain — On October 21, 2025, the IRS announced that due to a lapse in appropriations, its operations are limited. However, all taxpayers must continue to meet their tax obligations as normal, as the underlying tax law remains in effect.
• IRS Announces Tax Year 2026 Annual Inflation Adjustments — The IRS has released the annual inflation adjustments for over 60 tax provisions for the tax year 2026, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
• Penalty Relief for Remittance Transfer Providers — The Department of the Treasury and the IRS have issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
• Paper Tax Refund Checks Phase Out — The IRS announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025, as required by Executive Order 14247, marking the first step of the broader transition to electronic payments.
• IRS Issues Guidance on 'No Tax on Tips' Provision — The IRS has provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill, including nearly 70 separate occupations from bartenders to water taxi operators.
• IRS Extends Tax Relief for Farmers and Ranchers Affected by Drought — The IRS extended tax relief for farmers and ranchers affected by drought in 49 states, the District of Columbia, and other regions that reported exceptional, extreme, or severe drought during any week between September 1, 2024, and August 31, 2025.
• Treasury and IRS Issue Guidance on 'No Tax on Tips' Provision — The Department of the Treasury and the IRS provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill. The proposed regulations list nearly 70 separate occupations of tipped workers.
• IRS Issues Guidance on 'No Tax on Tips' Provision — The IRS provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill, with proposed regulations listing nearly 70 separate occupations of tipped workers.
• IRS Announces Tax Year 2026 Annual Inflation Adjustments — The IRS has released the annual inflation adjustments for over 60 tax provisions for the tax year 2026, including tax rate schedules and other tax changes.
• IRS Provides Penalty Relief for Remittance Transfer Providers — The IRS issued guidance offering deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
• Statement on IRS operations limited during the lapse in appropriations; regular tax deadlines remain — On October 21, 2025, the IRS announced a lapse in appropriations, resulting in limited operations. Despite these limitations, tax laws remain in effect, and taxpayers are required to meet their obligations as usual.
• IRS Announces Tax Year 2026 Annual Inflation Adjustments — The IRS has released the tax year 2026 annual inflation adjustments for over 60 tax provisions, including tax rate schedules and other tax changes, as detailed in Revenue Procedure 2025-32.
• Penalty Relief for Remittance Transfer Providers — The Department of the Treasury and the IRS issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers in connection with the new excise tax imposed on certain remittance transfers.
• Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill — The Treasury Department and the IRS provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill, offering penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in 2025.
• IRS Provides Penalty Relief for Remittance Transfer Providers — The IRS has issued guidance offering deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
• IRS Announces 2026 Annual Inflation Adjustments for Over 60 Tax Provisions — The IRS has released the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
• IRS Extends Tax Relief for Farmers and Ranchers Affected by Drought — The IRS has extended tax relief for farmers and ranchers affected by drought in 49 states, the District of Columbia, and other regions that reported exceptional, extreme, or severe drought during any week between September 1, 2024, and August 31, 2025.
• IRS provides transition relief for businesses reporting car loan interest under the One, Big, Beautiful Bill for 2025 — Notice 2025-57 offers transitional guidance and **penalty relief** for certain lenders on new reporting requirements for car loan interest received in 2025 under the OBBB, recognizing that businesses may lack systems to report this by tax year end.
• IRS provides additional transition relief for businesses reporting car loan interest under the One, Big, Beautiful Bill — Notice 2025-57 (Oct 21, 2025) offers transition relief for 2025 for lenders and other recipients of interest on qualified passenger vehicle loans. Lenders need only provide a statement showing total interest received in calendar year 2025 to borrowers by Jan 31, 2026, via online portal, annual statement, or similar means. Penalties under sections 6721 and 6722 are waived if this is satisfied. Also introduces new deduction for qualified passenger vehicle loan interest in tax years after Dec 31, 2024, before Jan 1, 2029. Section 6050AA imposes reporting obligations on interest recipients of $600 or more. These changes affect car dealers, lenders, and individuals with such loan arrangements.
• IRS Announces Tax Relief for Taxpayers Impacted by Wildfires in California — The IRS provided relief for individuals and businesses in Los Angeles County affected by wildfires that began on January 7, 2025, extending various deadlines to October 15, 2025.
• IRS Releases Tax Inflation Adjustments for Tax Year 2026, Including Amendments from the One, Big, Beautiful Bill — The IRS announced annual inflation adjustments for over 60 tax provisions for tax year 2026, including increased standard deductions and updated tax rate schedules, as amended by the One, Big, Beautiful Bill.
• IRS Releases 2026 Tax Brackets and Standard Deduction Amounts (Revenue Procedure 2025-32) — The IRS announced inflation-adjusted tax brackets, standard deduction amounts, AMT exemption levels, and other tax thresholds for Tax Year 2026 (returns filed in 2027), reflecting changes under the One Big Beautiful Bill Act. Key updates include higher standard deductions ($16,100 single; $32,200 jointly), updated marginal rates, foreign earned income exclusion, and gift exclusion amounts. These adjustments help prevent bracket creep and align thresholds with inflation. Applicable for 2026 returns and beyond.
• Treasury, IRS provide penalty relief for remittance transfer providers who fail to deposit excise tax under the One, Big, Beautiful Bill — Notice 2025-55 provides limited penalty relief under section 6656 for remittance transfer providers for failures to deposit the new remittance transfer excise tax during the first three calendar quarters of 2026. Providers must still make timely deposits (even if miscomputed) and pay any underpayments by the due date of Form 720. Safe harbor rules apply under certain conditions. This helps providers adjust to new collection, deposit and filing requirements effective Jan 1, 2026.
• Interest Capitalization Requirements for Improvements that constitute Designated Property (TD 10034) — Final regulations under IRC § 263A(f) that remove the associated property rule and modify the definition of “improvement” for designated property. Entities (particularly with gross receipts over $25 million) must capitalize interest on improvements without the grouping allowed under the old associated property rule; new methods of accounting (via Form 3115) may be required. Effective October 2, 2025.
• IRS Announces Phase-Out of Paper Tax Refund Checks — The IRS has announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025, as required by Executive Order 14247, marking the first step towards a broader transition to electronic payments.
• IRS to Phase Out Paper Tax Refund Checks Beginning September 30, 2025 — In accordance with Executive Order 14247, the IRS announced that paper tax refund checks for individual taxpayers will be phased out starting September 30, 2025, marking a transition to electronic payments.
• IRS Announces Phase-Out of Paper Tax Refund Checks — The IRS announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025, as required by Executive Order 14247, marking the first step of the broader transition to electronic payments.
• Treasury, IRS issue regulations to reduce the amount of the user fee for tax professionals who apply for or renew a PTIN — Interim final regulations and a notice of proposed rulemaking reduce the PTIN user fee from $11 to $10 (plus the contractor fee), effective September 30, 2025. Applicable for PTINs issued or renewed beginning October 16, 2025, including for the 2026 filing season. Tax professionals must renew PTINs by December 31, 2025. Also includes ID.me sign-in requirement for those with SSNs. Combines agency cost-recovery adjustments with updated authentication procedures. ([irs.gov](https://www.irs.gov/irb/2025-42_IRB?utm_source=openai))
• IRS Announces Phase-Out of Paper Tax Refund Checks — The IRS has announced that, beginning September 30, 2025, paper tax refund checks for individual taxpayers will be phased out as part of a broader transition to electronic payments.
• Modernizing Payments To and From America’s Bank Account (Executive Order 14247) — In support of EO 14247, the IRS is phasing out paper checks for federal payments including tax refunds (beginning September 30, 2025), and expanding electronic payment options. New rules require direct deposit, impose conditions for waivers, and affect how businesses, third parties, and international taxpayers receive payments.
• Phase-out of Paper Refund Checks Beginning September 30, 2025 — The IRS announced that paper tax refund checks for individual taxpayers will be phased out beginning September 30, 2025, requiring electronic payments where permitted by law. This is part of a broader transition under Executive Order 14247 toward electronic payment methods.
• IRS to phase out paper tax refund checks starting with individual taxpayers — The IRS, under Executive Order 14247, has announced that beginning September 30, 2025, paper tax refund checks for individual taxpayers will be phased out. Most refunds will instead be issued electronically via direct deposit or other secure digital methods. Exceptions will be provided for individuals without access to banking, or other limited cases as allowed by law. This change aims to improve payment security, reduce fraud and costs, and accelerate refund delivery. Tax-filing process stays the same, but by tax year 2025, taxpayers should ensure correct banking info is provided.
• IRS to Phase Out Paper Tax Refund Checks for Individual Taxpayers Starting September 30, 2025 — As required by Executive Order 14247, paper tax refund checks for individual taxpayers will be phased out beginning September 30, 2025, with refunds moving to direct deposit or other electronic payment methods when permitted by law. The change is intended to enhance security, reduce fraud and losses, speed refunds, and cut administrative costs. Exceptions will be provided for individuals who lack bank accounts or face undue hardship.
• Paper Tax Refund Checks Phase Out — The IRS announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025, as required by Executive Order 14247, marking the first step of the broader transition to electronic payments.
• Treasury, IRS issue guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill — Under the One, Big, Beautiful Bill (Public Law 119-21), the Treasury & IRS have proposed regulations defining “qualified tips” and listing nearly 70 occupations that customarily and regularly received tips as of December 31, 2024. These regulations clarify which occupations are eligible for the new tip deduction, what constitutes qualified tips (voluntary, cash or equivalent, excluding mandatory service charges unless customers have option to disregard), and set limits and phase-outs based on income. Comments due by October 23, 2025. This affects taxpayers earning tip income in eligible occupations.
• Notice 2026-16: Interim Guidance on Special Depreciation Allowance for Qualified Production Property — The Treasury and IRS issued interim guidance allowing taxpayers to elect a 100% depreciation deduction for qualified production property placed in service after July 4, 2025 and before January 1, 2031 under the One, Big, Beautiful Bill. This guides definitions, elections, and recapture rules pending final regulations. Impacts asset intensive businesses such as manufacturers and producers.
• Treasury, IRS issue guidance on special depreciation allowance for qualified production property, announce upcoming proposed regulations under the One, Big, Beautiful Bill — Notice 2026-16 provides interim guidance for a special depreciation allowance under OBBB for qualified production property (e.g., nonresidential property used in manufacturing, refining, agricultural production) placed in service after July 4, 2025 and before January 1, 2031; clarifies definitions, elections, depreciation recapture requirements; taxpayers may rely on this interim guidance until proposed regulations are in place.
• Treasury, IRS issue guidance on special depreciation allowance for qualified production property under the One, Big, Beautiful Bill — Notice 2026-16 provides interim guidance defining “qualified production property” and “qualified production activity,” explains how taxpayers may elect to take a 100 % depreciation deduction on such property placed in service after July 4, 2025 and before January 1, 2031, and describes how depreciation recapture applies if qualification ceases; this helps businesses in manufacturing, agriculture, refining or chemical production to optimize tax benefits during the early years of investment.
• ‘One, Big, Beautiful Bill’ Provisions for Opportunity Zones and Rural Investments (Section 70421 etc.) — Under the One, Big, Beautiful Bill Act, effective July 4, 2025, the definition of rural Qualified Opportunity Zones is refined, reducing the substantial improvement threshold from 100% to 50% for property in rural QOZs, among other investment incentives in rural areas.
• Interim Guidance on Special Depreciation Allowance for Qualified Production Property — The Treasury Department and IRS issued Notice 2026-16 providing **interim guidance** on the special depreciation allowance under IRC § 168(n), added by the One, Big, Beautiful Bill Act. Under § 168(n), qualified production property placed in service after July 4, 2025 may qualify for a **100% special first-year depreciation deduction**. The guidance defines “qualified production property”, sets election procedures, rules for depreciation recapture if property’s use changes, and clarifies which used property may qualify. Taxpayers may rely on this interim guidance until final regulations are issued. ([irs.gov](https://www.irs.gov/irb/2026-11_IRB?utm_source=openai))
• One, Big, Beautiful Bill Provisions — The IRS detailed provisions of the One, Big, Beautiful Bill, including new deductions for overtime pay and car loan interest, and increased standard deductions, effective for tax years 2025 through 2028.
• IRS issues proposed regulations on Trump Accounts (IR-2026-33 & IR-2026-31) — Proposed regulations issued March 6, 2026, detail general requirements for establishing initial Trump Accounts and rules for contributions under the Trump Accounts pilot program. They clarify authorized individuals for opening accounts, election rules, and how the one-time $1,000 federal contribution will be administered for eligible children. These rules will guide implementation under the One, Big, Beautiful Bill.
• Notice 2026-16: Interim Guidance for Special Depreciation Allowance for Qualified Production Property — Under the One, Big, Beautiful Bill, taxpayers may elect to take a depreciation deduction up to **100%** of the unadjusted depreciable basis for qualified production property placed in service after July 4, 2025 and before January 1, 2031. Notice 2026-16 provides definitions, election procedures, and recapture rules, and allows reliance on interim guidance until proposed regulations are finalized.
• Working Families Tax Cuts – Individuals and workers — Under the One, Big, Beautiful Bill (Public Law 119-21), the Working Families Tax Cuts make several changes: increased standard deductions and adjusted brackets, new deductions for qualified tips, qualified overtime compensation, car loan interest, expanded adoption credit, higher estate tax exclusion, and expanded employer provided childcare credit, effective from tax years 2025-2028.
• Guidance for Opportunity Zone investments in rural areas under the One, Big, Beautiful Bill — Notice 2025-50 clarifies the definition of “rural area” and reduces the substantial improvement threshold—from 100 % to 50 %—for tangible property in QOZs that are entirely rural areas, effective July 4, 2025. The change expands eligibility for tax benefits under the Opportunity Zone program in underserved rural communities.
• Form 1099-K Threshold Reverts to $20,000 and 200 Transactions under OBBB — Under the One, Big, Beautiful Bill, the threshold for TPSOs to issue Form 1099-K returns to reporting only when gross payments exceed $20,000 and there are more than 200 transactions—reversing the lower limits established previously. This affects gig economy workers and marketplace sellers.
• Working Families Tax Cuts Act: Individuals and Workers Provisions — The Working Families Tax Cuts significantly alter federal tax rates, deductions, and credits for individuals for tax years 2025–2028, including increases to the standard deduction and new deductions for tips, overtime, car loan interest, adoption credit, and adjustments to marginal tax rate thresholds.
• Treasury and IRS Provide Guidance for Opportunity Zone Investments in Rural Areas Under the One, Big, Beautiful Bill — Notice 2025-50 clarifies the definition of “rural area” for Qualified Opportunity Zones (QOZs) and lowers the substantial improvement threshold from 100% to 50% for tangible property in QOZs located entirely in those rural census tracts, effective for property in or after July 4, 2025. It identifies 3,309 rural QOZ census tracts and aims to boost investment in underserved areas by reducing investment requirements and expanding eligibility.
• Treasury, IRS provide guidance for Opportunity Zone investments in rural areas under the One, Big, Beautiful Bill — Under the One, Big, Beautiful Bill, the Treasury and IRS issued guidance (Notice 2025-50) clarifying the definition of “rural area” and reducing the substantial improvement threshold from 100% to 50% for property in Qualified Opportunity Zones that are entirely rural; this applies to property in QOZs rural as of July 4, 2025.
• IRS provides interim guidance on special depreciation allowance for qualified production property under One, Big, Beautiful Bill — Notice 2026-16 provides interim guidance for taxpayers to make the election allowing 100% first-year depreciation on qualified production property placed in service between July 4, 2025 and January 1, 2031. This change facilitates accelerated write-offs, reduces taxable income in early years, and enhances cash flow for businesses engaged in manufacturing, agriculture, chemical production or refining. The guidance clarifies definitions, election timing, recapture rules, and the period during which property is eligible.
• One, Big, Beautiful Bill provisions — The One, Big, Beautiful Bill Act (Public Law 119-21), effective for 2025-2028, includes new deductions such as "no tax on tips", "no tax on overtime", "no tax on car loan interest", and additional standard deduction for seniors. These provisions introduce eligibility criteria, income phase-outs, and reporting requirements which materially change tax planning for many taxpayers.
• New Tax Credit for Renewable Energy Investments — A new tax credit has been established to incentivize investments in renewable energy technologies, applicable to both individuals and businesses starting from 2025.
• IRS provides additional transition relief for brokers who are required to file information returns and backup withhold on certain digital asset sales — Notice 2025-33 extends transition relief for brokers under final regulations requiring reporting of certain digital asset transactions. It delays backup withholding penalties for transactions effected during calendar year 2026, and adds relief through 2027 for brokers who submit customer TINs matching IRS records and who immediately liquidate withheld digital assets when necessary. Also provides relief for certain customers not yet classified as U.S. persons.
• IRS provides tax relief for taxpayers impacted by severe storms, straight-line winds, tornadoes, and flooding in multiple counties Missouri; various deadlines postponed to March 30, 2026 — For certain counties in Missouri affected by disasters, the IRS postponed filing and payment deadlines for many tax returns and required actions from their original or extended due dates (between March 30, 2025 and before March 30, 2026) until March 30, 2026. Estimated tax payments due in that period are also postponed without penalties if made by March 30, 2026. Some tax filings (e.g., Forms W-2, 1099 series, etc.) are excluded from the relief. Implications: affected taxpayers get extra time to file and pay taxes, easing compliance burdens after disaster.
• New Guidelines for Cryptocurrency Tax Reporting — The IRS has issued new guidelines for the reporting of cryptocurrency transactions, requiring clearer disclosure and new forms for taxpayers involved in digital assets.
• Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill — Notice 2026-11 provides interim guidance under the One, Big, Beautiful Bill (OBBB Act) that restores a permanent 100% additional first-year depreciation deduction under § 168(k) for qualified property acquired and placed in service after January 19, 2025; includes rules for certain sound recording productions; clarifies elections for reduced deduction and component treatment; taxpayers may rely on this guidance until proposed regulations are published.
• IRS issues guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill — Notice 2026-11 issued by Treasury and IRS provides interim guidance on permanent 100% additional first-year depreciation for eligible depreciable property acquired after Jan. 19, 2025, and rules for determining eligibility, including guidance for specified sound recording productions, elections, and component treatments under OBBB.
• Guidance on the Additional First Year Depreciation Deduction under the One, Big, Beautiful Bill — Notice 2026-11 provides interim guidance for taxpayers regarding the permanent 100 % additional first-year depreciation deduction under § 168(k), as amended by the One, Big, Beautiful Bill. It clarifies qualification rules for depreciable property acquired after January 19, 2025, election procedures (including § 168(k)(5), (10) elections), and treatment of qualified sound recording productions. Taxpayers may rely on existing regulations and this notice while official proposed regulations are developed.
• Internal Revenue Bulletin: Interim Guidance on Additional First Year Depreciation Deduction under § 168(k) — Under the OBBB amendments, IRC § 168(k) now allows a **permanent 100% additional first-year depreciation deduction** for qualified property acquired after January 19, 2025. This guidance implements changes including elections, qualified sound recording productions, and applicability of the amended law. Prior phase-downs and related deadline restrictions are removed.
• Guidance on the additional first-year depreciation deduction amended as part of the One, Big, Beautiful Bill — Notice 2026-11 provides interim guidance under the One, Big, Beautiful Bill for the permanent 100% additional first-year depreciation deduction for eligible property acquired after January 19, 2025, including rules for sound recording productions, elections (e.g. taking a reduced deduction), and property component-treatment.
• Interim guidance on additional first-year depreciation deduction under § 168(k) under OBBB — The IRS issued Notice 2026-11 providing interim guidance for § 168(k) bonus depreciation rules as amended by the One, Big, Beautiful Bill, making the 100% additional first-year depreciation deduction permanent for qualified property acquired on or after January 19, 2025. The guidance includes elections under § 168(k)(5) & (10), component election rules, and defines acquisition and placed-in service dates. This replaces previous phase-downs and removes the former sunset date requirement. Affects businesses acquiring qualifying property after Jan 19, 2025.
• Final Regulations Resolving Requests by IRS Independent Office of Appeals Under the Taxpayer First Act of 2019 — Final regulations establishing procedural and timing rules under Internal Revenue Bulletin 2025-11 which provide guidance on how federal tax controversies are resolved by the IRS Office of Appeals, including exceptions to appeals and deadlines. Applies to all requests received on or after February 14, 2025.
• Classification of Digital Content Transactions and Cloud Transactions — Final regulations modifying rules under Treasury Regulations §§1.861-18 and 1.861-19 to require classification of digital content and cloud transactions using a predominant character test rather than de minimis rules. Affects sourcing of income under international tax provisions and applies for taxable years beginning on or after January 14, 2025.
• Notice of Proposed Rulemaking: Removal of Basis Shifting TOI Regulations (§ 1.6011-18) — The IRS and Treasury have proposed removing the Basis Shifting Transactions of Interest (TOI) Regulations, which identify certain partnership related-party basis adjustment transactions (and substantially similar ones) as “transactions of interest” requiring disclosure under §§ 6011, 6111, 6112, with penalties for noncompliance. Under the proposed rulemaking, these regulations would be removed from the Income Tax Regulations, effective upon publication of final regulations. The agencies propose that the removal be treated as having been in effect as of January 14, 2025, allowing taxpayers and material advisors to treat the Basis Shifting TOI Regulations as never having taken effect. Comments were due by April 6, 2026.
• IRS Announces Tax Relief for Taxpayers Impacted by Wildfires in California; Various Deadlines Postponed to Oct. 15 — The IRS provided tax relief for individuals and businesses in Los Angeles County affected by wildfires, extending filing and payment deadlines to October 15, 2025.
• Transitional Guidance Regarding Returns Relating to Certain Interest on Specified Passenger Vehicle Loans Received in a Trade or Business — Notice 2025-57 gives transitional guidance under section 6050AA of the Internal Revenue Code for calendar year 2025. Lenders receiving interest from individuals on qualifying passenger vehicle loans (over $600) may satisfy reporting obligations by providing a statement of total interest received rather than full detail, and are granted penalty relief under secs 6721/6722 for this limited form of reporting.
• Increased Standard Deduction for 2025 — The standard deduction for individual taxpayers has been increased to $15,000, while married couples filing jointly will see it rise to $30,000. This change aims to simplify tax filing and provide relief to middle-income families.
• Enhancements to the Child Tax Credit for 2025 — The Child Tax Credit has been expanded for 2025, increasing the maximum credit amount and adjusting income thresholds for eligibility.
• Expansion of Child Tax Credit — The Child Tax Credit will be expanded to provide additional financial support to families with children under the age of 17, increasing the maximum credit amount and adjusting income thresholds for eligibility.
• Increase in Standard Deduction for Individuals — The standard deduction for individual taxpayers will increase to $15,000 for single filers and $30,000 for married couples filing jointly, aimed at providing tax relief amid rising living costs.
• Expanded Availability of Health Savings Accounts under the One, Big, Beautiful Bill (Notice 2026-05) — Notice 2026-05 clarifies and expands eligibility for Health Savings Accounts by allowing telehealth and remote care before HDHP deductible is met, treating bronze and catastrophic plans as HDHPs beginning Jan 1, 2026, and permitting direct primary care arrangements to be paid tax-free from HSAs effective Jan 1, 2026. These changes broaden access to HSAs and affect plan selection and contributions.
• Increase in Standard Deduction for 2025 — The standard deduction for individual taxpayers will increase to $14,600, and for married couples filing jointly, it will rise to $29,200, reflecting adjustments for inflation.
• IRS Publishes Schedule 1-A and Updated Form 1040 Instructions to Claim Deductions on Tips, Overtime, Car Loans, and Enhanced Deduction for Seniors — IRS IR-2026-28 (March 2, 2026) released Schedule 1-A and updated Form 1040 instructions for tax year 2025, allowing taxpayers to deduct qualified tips (up to $25,000), qualified overtime (up to $12,500 individual, $25,000 joint), interest on car loans for qualifying vehicles, and an enhanced $6,000 deduction for seniors age 65+. These deductions are effective for 2025 through 2028 under the One, Big, Beautiful Bill. Phase-outs apply for MAGI over $150,000 (single) or $300,000 (joint). Reporting requirements are relaxed for employers/payors during the 2025 transition period.
• Treasury, IRS provide penalty relief for tax year 2025 for information reporting on cash tips & qualified overtime under the One, Big, Beautiful Bill — On November 5, 2025, the Treasury Department and IRS issued guidance (Notice 2025-62) offering penalty relief to employers and other payors for Tax Year 2025 regarding the new information‐reporting requirements under the One, Big, Beautiful Bill (OBBB) for **cash tips**, **qualified overtime compensation**, and related statements. Employers won’t be penalized for failing to separately report certain tip or overtime amounts or the occupation of the tipped worker on returns/forms for 2025, provided they file complete and correct returns/statements otherwise. This assists with the transition, since Forms W-2 and 1099 are not yet updated to capture all OBBB changes.**
• Transitional guidance for businesses reporting car loan interest under the One, Big, Beautiful Bill (Notice 2025-57) — New reporting obligations under IRC §6050AA require lenders to report interest received from individuals on specified passenger vehicle loans exceeding $600 annually. Notice 2025-57 provides relief for 2025: lenders meet requirements by providing statements rather than full information returns, with penalties deferred for that year.
• Corporate Tax Rate Adjustment — A proposed adjustment to the corporate tax rate from 21% to 25% for companies with profits exceeding $5 million, aimed at increasing federal revenue and addressing income inequality.
• Transitional Guidance for Interest Reporting on Specified Passenger Vehicle Loans under Section 6050AA — Notice 2025-57 provides transitional relief to lenders/recipients for calendar year 2025 reporting obligations under new §6050AA of OBBB. Recipients who receive ≥ $600 interest from individuals for specified passenger vehicle loans must report that interest, and furnish statements to individuals, but for 2025 can meet obligations by making a statement available by January 31, 2026. Penalties under §§6721/6722 will not be imposed if done according to this relief.
• IRS issues guidance: taxpayers could see a change in their 2025 tax bill or refund under the One, Big, Beautiful Bill — IRS Tax Tip 2026-20 provides new deductions and credit updates under OBBB that are retroactive to start of 2025. Includes additional deduction for seniors (age 65+) up to $6,000, tipped workers deduction up to $25,000, overtime deduction up to $12,500 (joint $25,000), all subject to modified AGI phase-outs. Taxpayers may need to adjust withholding or estimated tax obligations.
• Expansion of Child Tax Credit — The Child Tax Credit will be expanded to provide additional benefits for families with children under the age of 18, increasing the maximum credit amount and eligibility thresholds.
• IRS simplifies penalty relief, introduces automatic process for eligible taxpayers (AEP) — IRS replaces First Time Abate with Automatic Exemption from Penalty (AEP). Taxpayers with a history of timely filing and paying for the prior three years (or 12 quarters for quarterly returns) will automatically receive relief from certain penalties (failure to file, pay, deposit) starting with eligible original returns for tax years 2025 and 2026 quarterly returns. First Time Abate phases out; AEP fully replaces it for returns with due dates on or after January 1, 2027.
• Relief from Addition to Tax for Underpayment of Estimated Income Tax by Qualifying Farmers and Fishermen (Notice 2026-24) — For tax year 2025, qualifying farmers and fishermen (those with at least two-thirds of gross income from farming or fishing in 2025 or the prior year) may have the addition to tax under section 6654 waived if they file their 2025 return and pay in full the tax due by April 15, 2026. Those who already filed with the penalty may request abatement via Form 843. This provides relief for seasonal income timing and software delays.
• Treasury, IRS issue final rules identifying certain partnership related-party "basis shifting" transactions as transactions of interest — Final regulations issued that identify certain partnership related-party ‘basis-shifting’ transactions (e.g. via partnership distributions or transfers among related partners) as ‘transactions of interest’ (TOIs), triggering disclosure requirements. The threshold for what qualifies for this increased substantial basis increase is $25 million for tax years before 2025, and $10 million thereafter. This affects both partnerships and material advisors, with implications for tax planning and potential penalties for non-disclosure.
• IRS/Treasury provide penalty relief for 2025 information reporting on tips and overtime under the One, Big, Beautiful Bill — Treasury and IRS issued guidance (Notice 2025-62) granting employers and other payors transition‐period penalty relief for tax year 2025 for failing to provide correct information returns or payee statements reporting cash tips, overtime compensation, and occupation codes. Employers are encouraged to prepare for future compliance though Forms W-2/1099 are not updated for 2025.
• IRS issues proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties — The Treasury Department and IRS published proposed regulations (IR-2026-03) under the One Big Beautiful Bill that revise when third-party settlement organizations must perform backup withholding. Under the new rule, the threshold for payments requiring withholding and reporting via Form 1099-K is restored to requiring both that a payee receive over **$20,000 in aggregate payments** and conduct **more than 200 transactions** in a calendar year. This replaces the lower $600 threshold that had been set by earlier law. Comments are being solicited and the change applies for payments made in calendar years beginning after December 31, 2024. Implication: many small sellers or gig workers who do not exceed both thresholds may avoid withholding and reporting obligations.
• Increase in Standard Deduction for 2025 — The standard deduction for individual taxpayers has been increased for the 2025 tax year, providing more tax relief for millions of Americans.
• Treasury & IRS provide penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill — Guidance offering transition relief to employers and other payors from penalties for failing to correctly report or provide statements for cash tips, the recipient’s occupation and qualified overtime compensation for 2025, under the new reporting requirements added by the OBBB.
• Increase in Standard Deduction — The standard deduction for individual taxpayers will increase to $15,000 for single filers and $30,000 for married couples filing jointly, aimed at reducing the tax burden on middle-income families.
• Expansion of Child Tax Credit — The Child Tax Credit will be expanded to provide increased benefits for families with children, including higher credit amounts and eligibility for more families.
• 2026 filing season updates and resources for seniors — For taxpayers aged 65 or older, a new enhanced standard deduction of **$6,000 per eligible individual** (or $12,000 if married filing jointly and both qualify) is available for tax years 2025-2028; phases out for modified AGI over $75,000 ($150,000 joint)
• Treasury, IRS provide transitional guidance for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill — Notice 2025-57 offers penalty relief and temporary guidance for lenders in 2025 on information reporting for interest received on qualified passenger vehicle loans. Lenders may satisfy reporting obligations by furnishing statements (online, monthly, annual) rather than filing full returns during 2025. This eases compliance during the first year of the new section 6050AA rules under OBBB. High impact for lenders and borrowers of car loans.
• Increased Standard Deduction for 2025 — The standard deduction for individual taxpayers has been increased to $15,000, and for married couples filing jointly, it has been raised to $30,000. This adjustment aims to provide relief to taxpayers amidst rising living costs.
• Expansion of the Child Tax Credit — The Child Tax Credit will be expanded to provide additional financial support to families with children under the age of 17, increasing the maximum credit amount and eligibility thresholds.
• Treasury-IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill — Notice 2025-62 gives employers and other payors relief from penalties for tax year 2025 when filing requirements for cash tips and qualified overtime compensation under the OBBB law aren’t met. Reporting must be complete and otherwise correct; forms W-2/1099 won’t reflect new reporting yet.
• Transition relief for tax year 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill — Notice 2025-57 grants transitional relief to lenders and interest recipients for Tax Year 2025 regarding new reporting obligations under section 6050AA (added by OBBB) for qualified passenger vehicle loan interest. Lenders may satisfy reporting by making statements available (online portal, statements) and are shielded from penalties if they meet those minimum statements even if formal information returns aren’t yet fully compliant.
• IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill — The IRS published Fact Sheet 2025-08 clarifying that the Form 1099-K reporting threshold under the One, Big, Beautiful Bill reverts to **$20,000** in gross payments AND **200** transactions for 2025, restoring more stringent reporting requirements for platforms and payees.
• IR-2025-107: IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 — Under the OBBB, the reporting threshold for Form 1099-K reverts retroactively to $20,000 in gross payments and 200 transactions (from lower limits established under the American Rescue Plan Act), reducing reporting burdens for many small sellers and third-party settlement organizations; effective for transactions in 2025 and beyond.
• Expansion of Child Tax Credit — The Child Tax Credit will be expanded to provide greater financial support to families with children, increasing the credit amount and eligibility thresholds.
• Treasury, IRS issue FAQs about general refundability and recognizing Indian tribal governments for purposes of making a special needs determination for the Adoption Tax Credit (IR-2026-27) — Issued on February 27, 2026, this IRS Frequently Asked Questions release implements changes from the One, Big, Beautiful Bill that make the Adoption Tax Credit partially refundable (up to \$5,000) for tax years beginning after 2024, and grants parity to Indian tribal governments to make special-needs determinations as states can. Also clarifies carry-forward rules, MAGI phase-outs, and qualification criteria. Important for adoptive parents to understand which expenses qualify, what documentation is needed, and their income thresholds.
• IRS publishes Schedule 1-A and Form 1040 instructions for OBBB tax benefits (tips, overtime, car loans, seniors) for Tax Year 2025 — IRS published a new Schedule 1-A and updated Form 1040 instructions for tax year 2025 to enable taxpayers to claim various deductions under OBBB: no tax on qualified tips (up to $25,000), no tax on qualified overtime ($12,500; higher for joint filers), no tax on car-loan interest (up to $10,000), and enhanced deduction for seniors ($6,000). Establishes definitions, phase-outs, and eligibility rules, including SSN requirements and filing jointly if married.
• IRS Tax Tip 2026-20 — Taxpayers could see a change in their 2025 tax bill or refund — This IRS announcement outlines retroactive changes under the One, Big, Beautiful Bill for tax year 2025 affecting new deductions and updated credits, including an adoption credit now partly refundable, additional deductions for seniors, tipped workers, qualified overtime, and passenger vehicle loan interest. Taxpayers may benefit via reduced tax liability or larger refunds.
• Notice extending temporary relief for adequate identification of digital asset units under the basis-determination rules — IRS Notice 2026-20 extends the temporary relief period through December 31, 2026, allowing taxpayers with digital assets held by brokers to use alternative methods (such as book-records identification or standing order) for identifying units sold, even if brokers’ reports don’t match taxpayers’ records, under § 1.1012-1(j)(3)(ii).
• Increase in Standard Deduction for 2025 — The standard deduction for individuals and married couples filing jointly will see an increase to adjust for inflation, providing more tax relief for taxpayers.
• Treasury, IRS issue final regulations listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill — Under the OBBB Act section 224, the IRS released final regulations (IR-2026-49 on April 10, 2026) which provide a list of over 70 occupations eligible for the “No Tax on Tips” deduction. The rule defines "qualified tips", requires tips be reported via W-2, 1099-NEC/MISC/K, or Form 4137, and clarifies that tip-sharing, electronic tips, etc. can qualify under certain conditions. This change affects taxpayers, including gig economy workers, for tax year 2025 onward.
• IRS launches paperless processing initiative — The IRS is modernizing tax administration by ensuring that many non-tax forms and correspondence are available digitally, enabling taxpayers to go paperless starting with the 2024 filing season, and fully digitizing paper-filed returns by filing season 2025. Expected outcomes include cutting processing times, reducing paper usage by up to 200 million pieces annually, and expediting refunds.
• Increase in Standard Deduction — The standard deduction for individual taxpayers will increase to $15,000 for single filers and $30,000 for married couples filing jointly, effective January 1, 2025.
• Updates to 2025 Instructions for Form 4626 to include additional interim guidance regarding the application of the Corporate Alternative Minimum Tax — The IRS issued interim guidance via Notice 2026-7 modifying rules around Corporate AMT: adjustments to AFSI, treatment of production costs, intangible property, and requirements for statements to be attached to returns; applies to tax year 2025.
• Increase in Standard Deduction — The standard deduction for individual taxpayers will increase to $15,000 for single filers and $30,000 for married couples filing jointly, aimed at providing tax relief.
• Final regulations on backup withholding on third-party network transactions — Under regulations implementing section 3406 and 6050W as amended by the One, Big, Beautiful Bill Act, backup withholding on payments via third-party settlement organizations now only applies when payees exceed both $20,000 in gross payments and 200 transactions in a calendar year. Reporting and withholding thresholds reverted from the $600 threshold under ARPA. These final regulations took effect for payments in calendar years beginning after December 31, 2024.
• Revenue Procedure 2026-16 — Waiver for minimum foreign residence/time tests for war-affected countries — Adds Haiti, Ukraine, Democratic Republic of the Congo, South Sudan, Iraq, Lebanon, and Mali to the list of countries whose residents for 2025 are eligible for waivers of the physical presence or bona fide residence tests when displaced by war or civil unrest, enabling them to claim the foreign earned income exclusion.
• Taxpayers could see a change in their 2025 tax bill or refund — IRS Tax Tip 2026-20 explains that certain OBBB provisions are retroactive to 2025, including new deductions (senior, tips, overtime, auto-loan interest), updates to credits (child, adoption), and stricter SSN requirements. Taxpayers may owe less or get larger refunds, especially if withholding or estimates weren’t updated earlier.
• Section 163(h)(4) and Section 6050AA (QPVLI Deduction & Reporting) — Under the One, Big, Beautiful Bill, for taxable years beginning after December 31, 2024 and before January 1, 2029, personal interest does not include qualified passenger vehicle loan interest (QPVLI). Adds a deduction for QPVLI under §163(a) within limitations (max $10,000 per return) and requires information reporting under §6050AA for lenders receiving $600+ interest payments. Crucial for individuals purchasing automobiles and lenders.
• Guidance for individuals who received tips or overtime for tax year 2025 under the One, Big, Beautiful Bill — Under OBBB, taxpayers can deduct qualified tips and qualified overtime compensation in tax years 2025 through 2028, with annual limits and income phase-outs; today’s guidance clarifies how to determine deductions without separate employer accounting and provides transition rules for reporting forms. Big change for tipped and overtime-earning workers.
• Expansion of the Child Tax Credit — The Child Tax Credit has been expanded to provide greater financial relief to families, increasing the credit amount and adjusting eligibility criteria to include more low-income households.
• Increase in Standard Deduction for 2025 — The standard deduction for individual taxpayers will increase to $14,600, while married couples filing jointly will see their deduction rise to $29,200.
• Increase in Standard Deduction for 2025 — The standard deduction for individual taxpayers will increase to $15,000, and for married couples filing jointly, it will rise to $30,000, reflecting adjustments for inflation.
• Notice 2025-62: Penalty Relief in Connection with New Reporting Requirements for Qualified Tips and Qualified Overtime Compensation — Notice 2025-62 provides relief from penalties under IRC § 6721 and § 6722 for taxable year 2025 related to the new information reporting requirements added by OBBBA for qualified tips and qualified overtime compensation. Taxpayers using good faith efforts to comply will avoid penalties for that year.
• IRS extends the period for feedback on Form 6765; Section G optional for all filers for tax year 2025 — The IRS announced in IR-2025-99 that it has extended the comment period for draft Instructions for Form 6765 through March 31, 2026; for tax year 2025, Section G reporting will be optional for all filers. In addition, the transition period giving taxpayers until January 10, 2027 to perfect research credit claims is extended under certain conditions.
• IRS Issues 2025 Inflation Adjustments for Tax Provisions — The IRS has released annual inflation adjustments for tax year 2025, affecting over 60 tax provisions, including tax rate schedules and other tax changes.
• IRS Tax Tip: Changes Under the One, Big, Beautiful Bill May Affect Tax Bills or Refunds — Under the One, Big, Beautiful Bill (OBBB), new deductions (senior, tips, overtime, auto loan interest), updated credits (adoption credit refundable portion), and stricter social security number requirements for Child Tax Credit are effective beginning with the 2025 tax year. These changes may reduce withholding requirements and increase refunds for eligible taxpayers.
• Transitional guidance for businesses reporting car loan interest under the One, Big, Beautiful Bill — Notice 2025-57 provides transition relief for lenders and payors who must report car loan interest payments under section 6050AA of the One, Big, Beautiful Bill. For calendar year 2025, lenders are allowed to meet reporting requirements by making statements available to borrowers (e.g. via online portal or regular monthly/annual statements). Penalties will not be imposed for failing to file formal information returns if these statement-based disclosures are used by January 31, 2026. This gives businesses time to adapt systems for new reporting rules. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-transition-relief-for-2025-for-businesses-reporting-car-loan-interest-under-the-one-big-beautiful-bill?utm_source=openai))
• IRS Announces Standard Mileage Rate Increase for 2025 — The IRS has announced an increase in the standard mileage rate for business use of a vehicle by 3 cents per mile, effective January 1, 2025.
• Penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill — Notice 2025-62 offers penalty relief to employers and other payors for tax year 2025 concerning the new reporting requirements under OBBB for cash tips and qualified overtime. Specifically, penalties won’t apply for failure to separately account for cash tips or provide payee statements for qualified overtime if a complete and correct return is otherwise filed. It acknowledges employers may not yet have systems in place and treats tax year 2025 as a transition period. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-tax-year-2025-for-information-reporting-on-tips-and-overtime-under-the-one-big-beautiful-bill?utm_source=openai))
• Final regulations on occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill — These final regulations, effective for tax years beginning after December 31, 2024, establish a List of Occupations that Receive Tips and define "qualified tips" for the "No Tax on Tips" deduction, allowing eligible workers to deduct up to $25,000 in qualified tips, with phase-outs for higher-income taxpayers. New categories (visual artists, floral designers, gas pump attendants) were added.
• Penalty relief for remittance transfer providers failing to deposit excise tax under the One, Big, Beautiful Bill — Under Notice 2025-55, the IRS and Treasury provide relief from failure-to-deposit penalties under IRC section 6656 for remittance transfer providers during the first three quarters of calendar year 2026. Providers may avoid penalties if they make timely deposits (even if calculated incorrectly) and pay any underpayments by the due date of Form 720. The safe harbor under the excise tax procedural rules remains available if the reasonable cause standard is met.
• Expansion of Child Tax Credit — The Child Tax Credit has been expanded to provide increased financial support to families, with higher income thresholds and increased credit amounts for qualifying children.
• Increase in Standard Deduction — The standard deduction for individuals and married couples filing jointly will increase for the 2025 tax year, providing greater tax relief.
• Revenue Procedure 2025-17 adds Ukraine, Iraq, Haiti, and Bangladesh as waiver countries under section 911 for 2024 — Under Rev. Proc. 2025-17, the minimum time requirements for the bona fide residence or physical presence tests are waived for U.S. citizens or residents who were forced to leave Ukraine, Iraq, Haiti, or Bangladesh during tax year 2024 due to war, civil unrest, or similar adverse conditions. This allows eligible individuals to still claim the Foreign Earned Income Exclusion when otherwise they might not meet residency/presence thresholds.