Tax Updates

Applicable large employers should review their ACA reporting readiness as the IRS continues active enforcement of Form 1095-C requirements. Learn who must comply, key deadlines, and where penalty exposure can grow quickly.

A software company preparing for a sale discovered a surprising twist: a state tax credit that could have triggered added liability. See how BDO uncovered a hidden PTET credit issue and identified $500,000 in potential state tax savings.

Michigan's RAB 2026-4 explains how to claim the state R&D credit, with rules that differ for CIT taxpayers and flow-through entities. Learn what applies for 2025 expenses, filing deadlines, and MQRE calculation requirements.

Momentum is growing for a second reconciliation bill as bipartisan negotiations falter on key Republican priorities.

The Senate rejected a resolution to undo guidance tightening “begin construction” rules tied to wind and solar credit phaseouts. The vote signals continued Senate support for recent IRS regulatory actions.

California's 2026 Billionaire Tax Act may reach the Nov. 3 ballot, proposing a one-time wealth tax assessed Dec. 31, 2026 and paid with 2026 returns. Learn what's at stake-including funding goals and legal/valuation questions.

The IRS issued Revenue Procedure 2026-17 with steps for withdrawing prior Section 163(j)(7) elections for 2022–2024, reflecting new rules under the OBBBA. Learn who qualifies, key deadlines (as early as Oct. 15, 2026), and how amended returns or AARs can reopen interest deductibility and bonus depreciation choices.

California's 2026 Billionaire Tax Act may reach the Nov. 3 ballot, proposing a one-time wealth tax assessed Dec. 31, 2026 and paid with 2026 returns. Learn what's at stake-including funding goals and legal/valuation questions.

This article was originally published in the Journal of State Taxation.

Delaware will send new unclaimed property VDA invitations April 10 (and again Aug. 14). Recipients who don't enroll in time risk an audit notice about 90 days later-and losing VDA eligibility.

New SBA 7(a) updates are opening doors for ESOP deals. See what changed, how financing works, and where the biggest pitfalls still hide.

Looking for tax certainty in 2026? See the planning moves that can improve cash tax results, support deals, and reduce risk amid new rules and court decisions.

The State Department is cutting the fee for a Certificate of Loss of Nationality from $2,350 to $450, effective April 13, 2026. See what this change means for U.S. citizens considering renunciation.

Treasury says the spring budget likely won't include new tax proposals, signaling a slow path for tax legislation this year. With Congress stalled, IRS action and messaging bills are taking the spotlight.

Discover how private companies are structuring executive compensation to attract and retain talent, with insights on pay drivers, benchmarking, and variations by ownership type from BDO's 2025 Private Company Executive Compensation Survey.

The IRS on March 6, 2026, proposed regulations that would provide the core administrative framework for launching Trump accounts, a new type of individual retirement account (IRA) for eligible children created by the OBBBA under new Section 530A.

Taxpayers with domestic R&E costs who didn't make the small business retroactivity election must act for 2025. Section 174 amortization is no longer available, so a new accounting method is required.

The CIT paused its order requiring CBP to remove and refund IEEPA duties, delaying relief for affected importers. CBP says refunds may come via a new automated ACE process due to volume and system limits.

Washington lawmakers have passed bills to implement a wide-reaching 9.9% millionaires' tax and reinstitute pre-2025 estate tax rates. Gov. Bob Ferguson is expected to sign both bills. Read the insight to learn more.

A new bipartisan Senate Finance bill-the Taxpayer Assistance and Service Act (S. 3931)-targets IRS and Tax Court procedure changes drawn from National Taxpayer Advocate proposals. Learn what's inside, why it matters for taxpayer rights, and the prospects for action in 2026.