Compliance
Compliance Essentials for U.S. Businesses in Late 2025: New Rules from the One, Big, Beautiful Bill
Key compliance changes under the One, Big, Beautiful Bill are rolling out for businesses, including stricter remittance tax excise rules and redefined 1099-K thresholds—miss these and penalties may ramp up.
By NomadicTax Research Team • 5-8 min read • November 23, 2025
## What’s Changing Under the One, Big, Beautiful Bill (OBBB)
A series of recent announcements from the IRS show businesses need to be on alert for updated compliance requirements stemming from the OBBB Act. ([irs.gov](https://www.irs.gov/newsroom/news-releases-for-october-2025?utm_source=openai))
### 1099-K Threshold Reversion
- The threshold for reporting under **Form 1099-K** has reverted to **$20,000** starting with transactions in 2025.
- FAQs released in Fact Sheet 2025-08 clarify how payment processors and platforms need to handle the changes. ([irs.gov](https://www.irs.gov/newsroom/news-releases-for-october-2025?utm_source=openai))
### Employee Retention Credits (ERC) Limitations
- Fact Sheet 2025-07 provides guidance on limitations for ERC credits claimed for Q3 and Q4 of 2021 when filed after **January 31, 2024**. This aims to clamp down on delayed claims. ([irs.gov](https://www.irs.gov/newsroom/news-releases-for-october-2025?utm_source=openai))
### Remittance Transfer Excise Tax & Penalty Relief
- New excise tax imposed on certain remittance transfers: businesses now have clearer rules, and IRS is offering **penalty relief** for deposit failures in first three quarters of **2026**, under Section 4475. Notice 2025-55 covers this relief. ([irs.gov](https://www.irs.gov/newsroom/news-releases-for-october-2025?utm_source=openai))
### Reporting Car Loan Interest
- Under OBBB, lenders are required to report **car loan interest** received for 2025. Transitional relief is available under Notice 2025-57. ([irs.gov](https://www.irs.gov/newsroom/news-releases-for-october-2025?utm_source=openai))
## How to Ensure Compliance
- **Review current contracts and payment platforms**: ensure your payment volume mapping considers the lowered 1099-K threshold.
- **Audit prior years’ ERC claims**: determine if your business filed late and whether new guidance limits your credits.
- **Track remittance obligations now**: even if penalty relief is offered, consistent compliance in depositing remittance transfer taxes will avoid issues.
- **Lender firms**: ensure systems are ready to collect and report car loan interest amounts starting 2025—check the IRS Notice 2025-57 for safe harbors.
## Practical Examples
- **Small marketplace platform**: if you received $25,000 in payments through user transactions, under the new threshold you must file 1099-K for 2025, where previously a higher limit applied.
- **Business which waited to claim ERC for Q4 2021**: may discover that due to the deadline passed (Jan 31, 2024), many claims will now be limited; apply guidance from Fact Sheet 2025-07.
- **Lender reporting car loans**: if interest payment occurs in 2025, those amounts must be reported, so your financial reporting and IT systems must be updated accordingly.
## What to Do Now
1. Inventory your obligations—1099-K, remittance taxes, car interest, etc.—and map them against OBBB rules.
2. Update internal policies and systems before calendar-year end.
3. Communicate with external partners (platforms, lenders) to ensure consistent reporting.
4. Seek professional advice if you have complex structures—especially with multinational aspects or delayed credit claims.
Businesses that don’t adapt may face unexpected compliance risks. Early action ensures smoother audits and fewer penalties.