Tax Updates

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.

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.

IRS Notice 2026-16 outlines interim guidance on new Section 168(n), including a 100% immediate deduction election for qualified production property. Learn what it means for QPP and how buildings used in production may be treated.

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.