Planning after tax changes

AICPA resources:

• 2025 OBBBA Charts: Key Tax Provisions and PFP Considerations

• 2025 Fall Tax Rewind | Tax Section webcast archive

• Client Letter on Key Provisions in the One Big Beautiful Bill Act

• Effective dates of tax provisions in H.R. 1, the One Big Beautiful Bill Act (OBBBA)

• Excerpt: H.R. 1 — Tax Provision Summary & Insights

• FAQs on Tax Reform via Budget Reconciliation

• FAQs on H.R. 1, the One Big Beautiful Bill Act (OBBBA)

• H.R. 1 — The One Big Beautiful Bill Act: Tax Provision Summary & Insights

• Rev. Proc. 2025-32, Tax inflation adjustments for tax year 2026

• Tax Practice Quarterly: 2026 Busy Season Readiness | Tax Section webcast archive

• Tax Section Odyssey podcast episodes

Treasury and IRS guidance:

• FS-2025-09 (Dec. 23, 2025) released in IR-2025-126 (Dec. 23, 2025)

Treasury and IRS guidance:

• Notice 2026-15 (Feb. 12, 2026)

• Proposed regulations, Section 45Z Clean Fuel Production Credit (Feb. 4, 2026)

• Announcement 2026-1 & IR-2025-125 (Dec. 22, 2025)

• IR-2025-122 & Notice 2026-01 (Dec. 19, 2025)

• IR-2025-86 announces FS 2025-05 (Aug. 21, 2025) on modifications to Secs. 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179 per changes in H.R. 1

AICPA resources:

• Energy Tax Credits Client Alert

Treasury and IRS guidance:

• Notice 2026-11 (Jan. 14, 2026)

AICPA resources:

• IRS Notice 2026-11: Key Changes to Depreciation and Production Incentives

AICPA resources:

• Qualified Disasters under H.R. 1

Treasury and IRS guidance:

• FS-2025-09 (12/23/25) released in IR-2025-126 (Dec. 23, 2025)

• Notice 2025-78 (Dec. 4, 2025)

• Notice 2025-77 (Dec. 4, 2025)

• Notice 2025-75 (Dec. 4, 2025)

• Notice 2025-72 (Nov. 25, 2025) - Allocation of Foreign Income Taxes Resulting from the Repeal of Section 898(c)(2); Recognition of Pretransition Gain or Loss under Sec. 987

AICPA resources:

• FAQs on Sec. 958(b)(4) and Sec. 951B

• H.R. 1 international tax provisions one-pager

AICPA resources:

• Meals and entertainment (M&E) deductions: FAQs post-H.R. 1

Treasury and IRS guidance:

• IRS Fact Sheet FS-2026-01 (January 2026)

• 2025 Transitional guidance for individuals who received tip or overtime compensation in 2025 — IR-2025-114 + Notice 2025-69 (Nov. 21, 2025)

• Form 1099-K FAQs (FS-2025-08 & IR-2025-107 (Oct. 23, 2025) including FAQ-12 on tips Schedule 1-A (Form 1040) [draft Schedule 1-A (Nov. 7, 2025)]

• 2025 Reporting Relief for Employers and Other Payors of Tips and Overtime — Notice 2025-62 & IR-2025-110 (Nov. 5, 2025)

• IRS website on Tipped Occupations. This is noted and linked on Schedule 1-A as IRS.gov/TippedOccupations with a link to Occupations that customarily and regularly received tips on or before Dec. 31, 2024

• Proposed Regulations 1.224-1 (REG-110032-25 (Sept. 22, 2025) + IR-2025-92 (Sept. 19, 2025)

• IRS Fact Sheet FS-2025-03 (July 14, 2025)

AICPA resources:

• FAQs on qualified tip and overtime deduction

• Highlights of New Draft Schedule 1-A, Additional Deductions

Treasury and IRS guidance:

• Guidance for Opportunity Zone Investments in Rural Areas — Notice 2025-50 and IR-2025-96 (Sept. 30, 2025)

AICPA resources:

• Summary and initial thoughts — Changes to opportunity zones (OZs)

Treasury and IRS guidance:

• Proposed Regulations under Sec. 163(h)(4), Sec. 6050AA, Sec. 6721 & Sec. 6722 — REG-113515-25 (Jan. 2, 2026)

• Schedule 1-A (Form 1040) [draft Schedule 1-A (Nov. 7, 2025)]

• 2025 Transitional Reporting Relief and Alternative for Lenders — Notice 2025-57 & IR-2025-105 (Oct. 21, 2025)

• Form 1098-VLI starting in 2026 issued by lender [draft 1098-VLI (Oct. 17, 2025)]

• IRS Fact Sheet FS-2025-03 (July 14, 2025)

AICPA resources:

• Key insights and takeaways — Specified Passenger Vehicle Loan Interest

Treasury and IRS guidance:

• Transitional rule guidance for small businesses — Rev. Proc. 2025-28 (Aug. 28, 2025)

AICPA resources:

• Practical insights from IRS Rev. Proc. 2025-28

• Summary of IRS released R&E expense guidance under H.R. 1 and Rev. Proc. 2025-28

Treasury and IRS guidance:

• Form 15714,

• Rev. Proc. 2026-06 & IR-2025-121 (Dec. 12, 2025) — exclusive procedure for a State to elect to be “covered state.”

• Notice 2025-70 & IR-2025-115 (Nov. 25, 2025) — requesting comments on future guidance on Sec. 25F on Scholarship Granting Organizations, by 12/26/25.

Treasury and IRS guidance:

• Trump Accounts are coming — and you need to be ready | Podcast

• https://trumpaccounts.gov/

• Form 4547, Trump Account Election(s) — draft form & instructions (Dec. 5, 2025)

• Notice 2025-68 and IR-2025-117 (Dec. 2, 2025)

AICPA resources:

• Trump Accounts under Sec. 530A — Timeline and insights

• Trump (Sec. 530A) Accounts: Features and Planning Opportunities

• Trump (Sec. 530A) Accounts: Features and Planning Opportunities: Preview

Treasury and IRS guidance:

• Notice 2026-7 (Feb. 19, 2026)

• FS-2025-10 (Dec. 23, 2025) released in IR-2025-127 (Dec. 23, 2025)

• Notice 2026-03 (Dec. 22, 2025) — Penalty relief under Sec. 6654 and Sec. 6655 for underpayment of estimated income tax by taxpayer who makes valid election under Sec. 1062(a), plus helpful summary of Sec. 1062.

• Notice 2026-05 & IR-2025-119 (Dec. 9, 2025)

• Notice 2025-71 and IR-2025-113 (Nov. 20, 2025)

• Form 1062, Deferral of Tax on Gain From the Sale or Exchange of Qualified Farmland Property to Qualified Farmers

• Schedule K-1 of Form 1065 and Form 1120-S, Code ZZ

• Form 1099-K FAQs (FS-2025-08 & IR-2025-107 (Oct. 23, 2025)

• FS-2025-07 & IR-2025-106 (Oct. 22, 2025)

• Proposed regulations, Domestically Controlled Qualified Investment Entities (Oct. 21, 2025)

• Treasury, Report on the Replacement of Direct File (Oct. 2, 2025)

AICPA resources:

• Summary and key insights: IRS proposed regulations on QIEs