Planning after tax changes

Treasury and IRS resources:

• One, Big, Beautiful Bill provisions

AICPA resources:

• 2025 OBBBA Charts: Key Tax Provisions and PFP Considerations

• 2025 Fall Tax Rewind | Tax Section webcast archive

• Client Letter on Key Provisions in the One Big Beautiful Bill Act

• Effective dates of tax provisions in H.R. 1, the One Big Beautiful Bill Act (OBBBA)

• Excerpt: H.R. 1 — Tax Provision Summary & Insights

• FAQs on Tax Reform via Budget Reconciliation

• FAQs on H.R. 1, the One Big Beautiful Bill Act (OBBBA)

• H.R. 1 — The One Big Beautiful Bill Act: Tax Provision Summary & Insights

• Rev. Proc. 2025-32, Tax inflation adjustments for tax year 2026

• Tax Practice Quarterly: 2026 Busy Season Readiness | Tax Section webcast archive

• Tax Section Odyssey podcast episodes

Treasury and IRS resources:

• IR-2025-126, IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense announces FS-2025-09, Questions and answers about the limitation on the deduction for business interest expense (Dec. 23, 2025)

Treasury and IRS resources:

• Notice 2026-15, Guidance to Apply Interim Safe Harbors for Purposes of Determining a Taxpayer’s Material Assistance from a Prohibited Foreign Entity; Other Prohibited Foreign Entity Guidance (Feb. 12, 2026)

• Proposed regulations, Section 45Z Clean Fuel Production Credit (Feb. 4, 2026)

• Announcement 2026-1, Claims under Sec. 6435 for Tax Paid on Dyed Fuel & IR-2025-125, 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 (Dec. 22, 2025)

• IR-2025-122, Treasury, IRS provide safe harbor for taxpayers claiming the carbon capture credit announces Notice 2026-01, Safe Harbor for the Credit for Carbon Oxide Sequestration under Section 45Q for Qualified Carbon Oxide Disposed of in Secure Geological Storage in Calendar Year 2025 (Dec. 19, 2025)

• IR-2025-86, Treasury, IRS issue FAQs to address the accelerated termination of several energy provisions under OBBB announces FS 2025-05, FAQs for modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, AND 179D under Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill (OBBB) (Aug. 21, 2025)

AICPA resources:

• Energy Tax Credits Client Alert

Treasury and IRS resources:

• Notice 2026-11, Interim Guidance on Additional First Year Depreciation Deduction under Sec. 168(k) (Jan. 14, 2026)

AICPA resources:

• Key Changes to Depreciation under H.R. 1

Treasury and IRS resources:

• Publication 547, Casualties, Disasters, and Thefts

AICPA resources:

• Qualified Disasters under H.R. 1

Treasury and IRS resources:

• IR-2025-126, IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense announces FS-2025-09, Questions and answers about the limitation on the deduction for business interest expense (Dec. 23, 2025)

• Notice 2025-78, Application of Sec. 250(b)(3)(A)(i)(VII) to Sales or Other Dispositions of Property (Dec. 4, 2025)

• Notice 2025-77, Effective Date and Application of Sec. 960(d)(4) (Dec. 4, 2025)

• Notice 2025-75, Transition Rule for Applying Sec. 951(a)(2)(B) (Dec. 4, 2025)

• Notice 2025-72, Allocation of Foreign Income Taxes Resulting from the Repeal of Section 898(c)(2); Recognition of Pretransition Gain or Loss under Sec. 987 (Nov. 25, 2025)

AICPA resources:

• FAQs on Sec. 958(b)(4) and Sec. 951B

• H.R. 1 international tax provisions one-pager

Treasury and IRS resources:

• Publication 15-B, Employer's Tax Guide to Fringe Benefits

AICPA resources:

• Meals and entertainment (M&E) deductions: FAQs post-H.R. 1

Treasury and IRS resources:

• IR-2025-96, Treasury, IRS provide guidance for Opportunity Zone investments in rural areas under the One, Big, Beautiful Bill announces Notice 2025-50, Substantial Improvement of Property in Rural Areas (Sept. 30, 2025)

AICPA resources:

• Summary and initial thoughts — Changes to opportunity zones (OZs)

Treasury and IRS resources:

• Rev. Proc. 2025-28, 26 CFR 601.204: Changes in accounting periods and in methods of accounting. (Also, Part 1, §§ 174, 174A, 280C, 446; 1.280C-4, 1.446-1.) (Aug. 28, 2025)

AICPA resources:

• Practical insights from IRS Rev. Proc. 2025-28

• Summary of IRS released R&E expense guidance under H.R. 1 and Rev. Proc. 2025-28

Treasury and IRS resources:

• Form 15714, Advance Election to Participate Under Section 25F for 2027 (December 2025)

• IR-2025-121, 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 announces Rev. Proc. 2026-06, 26 CFR 601.601: Rules and regulations. (Also Part I, Sec. 25F.) (Dec. 12, 2025)

• IR-2025-115, Treasury, IRS request comments on implementation of the new federal tax credit for individual contributions to Scholarship Granting Organizations under the One, Big, Beautiful Bill announces Notice 2025-70, Request for Comments on Individual Tax Credit for Qualified Contributions to Scholarship Granting Organizations (Nov. 25, 2025)

Treasury and IRS resources:

• FS-2026-01, Questions and answers about the new deduction for qualified overtime compensation (January 2026)

• IR-2025-114, Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025 announces Notice 2025-69, Guidance for Individual Taxpayers who received Qualified Tips or Qualified Overtime Compensation in 2025 (Nov. 21, 2025)

• IR-2025-107, IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 announces FS-2025-08, IRS revises and updates Form 1099-K frequently asked questions (Oct. 23, 2025)

• IR-2025-110, Treasury, IRS provide penalty relief for tax year 2025 for information reporting on tips and overtime under the One, Big, Beautiful Bill announces Notice 2025-62, Relief from Certain Penalties Related to Information Reporting Required in Connection with No Tax on Tips and Overtime (Nov. 5, 2025)

• IRS website on Tipped Occupations

• IR-2025-92, Treasury, IRS issue guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill (Sept. 19, 2025) announces proposed regulations REG-110032-25, Occupations That Customarily and Regularly Received Tips; Definition of Qualified Tips (Sept. 22, 2025)

• FS-2025-03, One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors (July 14, 2025)

AICPA resources:

• FAQs on qualified tip and overtime deduction

• Highlights of New Draft Schedule 1-A, Additional Deductions

Treasury and IRS resources:

• Proposed regulations: Trump Accounts Contribution Pilot Program (March 6, 2026)

• https://trumpaccounts.gov/

• Form 4547, Trump Account Election(s) and instructions (December 2025)

• IR-2025-117, Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations announces Notice 2025-68, Notice of intent to issue regulations with respect to section 530A Trump accounts (Dec. 2, 2025)

AICPA resources:

• Trump accounts are coming — and you need to be ready | Podcast

• Trump accounts under Sec. 530A — FAQs and insights

Treasury and IRS resources:

• Proposed Regulations under Sec. 163(h)(4), Sec. 6050AA, Sec. 6721 & Sec. 6722 — REG-113515-25, Car Loan Interest Deduction (Jan. 2, 2026)

• Schedule 1-A, Additional Deductions (Nov. 7, 2025)

• IR-2025-105, Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill announces Notice 2025-57, Transitional Guidance Regarding Returns Relating to Certain Interest on Specified Passenger Vehicle Loans Received in a Trade or Business (Oct. 21, 2025)

• Draft Form 1098-VLI, Vehicle Loan Interest Statement (Oct. 17, 2025)

• FS-2025-03, One, Big, Beautiful Bill Act: Tax deductions for working Americans and seniors (July 14, 2025)

AICPA resources:

• Key insights and takeaways — Specified Passenger Vehicle Loan Interest

Treasury and IRS resources:

• Notice 2026-7, Additional Interim Guidance Regarding the Application of the Corporate Alternative Minimum Tax (Feb. 19, 2026)

• IR-2025-127, IRS updates frequently asked questions on the Premium Tax Credit announces FS-2025-10, Updates to Questions and Answers about the Premium Tax Credit (Dec. 23, 2025)

• Notice 2026-03, Relief from Additions to Tax under Sections 6654 and 6655 for Underpayment of Estimated Income Tax by Taxpayers Making an Election under Sec. 1062 (Dec. 22, 2025)

• IR-2025-119, Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill announces Notice 2026-05, Expanded Availability of Health Savings Accounts under the One, Big, Beautiful Bill Act (OBBBA) (Dec. 9, 2025)

• IR-2025-113, Treasury, IRS issue guidance on tax benefit for lenders on loans secured by farm or rural property under the One, Big, Beautiful Bill announces Notice 2025-71, Interim Guidance Regarding Interest on Loans Secured by Rural or Agricultural Real Property under Section 139L of the Internal Revenue Code (Nov. 20, 2025)

• Form 1062, Deferral of Tax on Gain From the Sale or Exchange of Qualified Farmland Property to Qualified Farmers

• IR-2025-107, IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 announces FS-2025-08, IRS revises and updates Form 1099-K frequently asked questions (Oct. 23, 2025)

• IR-2025-106, IRS issues FAQs to address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill announces FS-2025-07, IRS frequently asked questions (FAQs) address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill (Oct. 22, 2025)

• Proposed regulations: Domestically Controlled Qualified Investment Entities (Oct. 21, 2025)

• Report on the Replacement of Direct File, Department of the Treasury (Oct. 2, 2025)

AICPA resources:

• Corporate Alternative Minimum Tax: IRS Guidance and Strategic Insights

• Navigating H.R. 1 (OBBBA) and TCJA Extensions: A Strategic Guide for Valuation Analysts

• Summary and key insights: IRS proposed regulations on QIEs