Tax Updates

Notice 2026-17 proposes simplifying Section 987 rules and easing compliance, including a 1991-style method for QBU currency gains/losses. Some provisions may be used on 2025 returns-see what changed.

A California court ruled that agricultural businesses can use a three-factor apportionment formula for state income tax, opening the door for multistate companies to seek refunds and reconsider how out-of-state payroll and property affect their California tax liability.

New IRS proposed regulations would let digital asset brokers provide Form 1099-DA statements electronically, streamlining reporting and easing paper statement requirements starting January 1, 2027. Learn how the rules affect brokers and customers.

After the Supreme Court struck down IEEPA tariffs, the Court of International Trade ordered CBP to remove IEEPA duties and liquidate or reliquidate affected entries where liquidation isn't final. Learn what this means for refunds and open entries.

Trump touts new retirement accounts and a $1,000 match for workers without employer plans as Republicans debate whether to pursue more tax legislation this year.

HHS OIG flagged rapid growth in Remote Patient Monitoring as a higher‑risk area for improper billing in its Fall 2025 report to Congress. Learn why oversight is increasing and what payers should watch for to curb fraud, waste, and abuse.

The U.S. Supreme Court struck down the IEEPA-based tariffs. Explore BDO's FAQs to stay compliant, manage exposure, and be ready if/when a tariff refund process emerges.

New legislation signed by President Trump aims to stop D.C. from decoupling from 13 OBBBA tax provisions, but a dispute over the Home Rule Act review window leaves its impact unclear. See what this could mean for 2025 D.C. returns, forms, and filing deadlines.

Treasury and the IRS issued Notice 2026-7 with interim CAMT guidance, updating financial statement income adjustments to curb reporting‑tax mismatches that can trigger CAMT. See what changed and how it builds on recent taxpayer‑friendly CAMT notices.

A North Carolina court held that a company's no-charge transfers of product to affiliated disregarded entities lacked consideration, so they weren't “sales” subject to NC sales tax. Learn what the ruling signals for intercompany transfers and SALT planning.

IRS Notice 2026-11 explains how OBBBA restores mandatory 100% bonus depreciation for qualifying property placed in service after Jan. 19, 2025, with elections available in specific cases. Get the key takeaways and filing considerations.

The Supreme Court struck down Trump's IEEPA-based global tariffs, ruling in *Learning Resources v. Trump* that only Congress can impose tariffs. See what the decision means for trade with Canada, Mexico, and China.

Republicans rebuffed a challenge to IRS guidance, keeping taxpayer-favorable rules in place and signaling support for more IRS-led regulatory action. See what this shift could mean for future tax policy.

Tariffs, onshoring pressure, AI-driven data center demand, and geopolitical risk are pushing companies to expand in the U.S.-fast. Learn how to navigate site selection, timing, and incentive negotiations so growth plans don't leave value on the table.

Break down the barriers between tax and finance to speed decision-making and sharpen forecasting. This article outlines why alignment matters and practical steps-plus a maturity model-to connect data, systems, and teams.

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

The National Center for Employee Ownership (NCEO) publishes an annual list of the nation's 100 largest employee-owned companies. Construction and contractors accounted for 14 of the firms on the 2025 list, with all but one noted as being 100% employee-owned.

QOF investors face a required deferred-gain income pickup at the end of 2026 that could significantly raise tax liability. Learn planning moves now, like loss harvesting, deductions, and deferral options, to soften the hit.

Qualified small business stock planning for founders and early investors, focusing on C corporation requirements, original issuance rules, gross asset thresholds, holding periods, Section 1202 exclusion limits, Section 1045 rollover timing, and documentation.

The IRS released final Forms 8964-TRA and 8964-ELE for 2025, tied to new Section 987 rules for businesses with qualified business units using a different functional currency. See who must file and when.