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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.
Mandatory ESG disclosures are becoming a critical requirement for businesses, whether due to regulations or supply chain demands. This article outlines the importance of ESG reporting, key frameworks, data collection strategies, and best practices for effective stakeholder communication to help businesses stay ahead in a sustainability-driven market.
This guide explains how partnerships and LLCs handle tax distributions, including definitions of taxable income, assumed tax rates, and timing strategies. Learn how to structure agreements and optimize cash flow while staying compliant with the One Big Beautiful Bill Act (OBBBA).
