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In today's Tax Thursday in Three, Bergin Fisniku gives an update on the federal government shutdown and what taxpayers can expect with delays in processing returns.
In spite of the shutdown, the IRS is moving forward with implementing the provisions of the One Big Beautiful Bill Act (OBBBA), bringing significant opportunities for tax planning. Bergin discusses the key changes to review, including 100% bonus depreciation, changes to interest deductibility under Section 163J, and immediate expensing for domestic R&D. Each of these provisions can offer different benefits for taxpayers depending on individual circumstances. Now is the time to consult with your advisor to optimize your strategy in light of these updates.
Watch the full video below.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
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