Did the One Big Beautiful Bill Act actually become law before tax year 2026?
I keep seeing references to OBBBA / H.R. 1. Is it law, or still pending? Does it affect tax year 2026 planning?
Related Questions
Is the Defending American Jobs and Investment Act in effect for 2026?
I keep seeing references to the Defending American Jobs and Investment Act (H.R. 591). Is it law? Does it affect my withholding for 2026?
Is the foreign-related-party BEAT bill in effect for 2026?
I saw H.R. 1911 mentioned — a bill to change BEAT treatment for sufficiently-taxed foreign payments. Is it law for 2026?
Did OBBBA raise the estate and gift tax exclusion amount for 2026?
I'm planning around U.S. estate exposure. Did OBBBA change the basic exclusion amount, and what's the 2026 number?
What are the penalties for not filing a Beneficial Ownership Information report?
I read that the Corporate Transparency Act requires my foreign-owned LLC to file a Beneficial Ownership Information (BOI) report with FinCEN. What happens if I miss the deadline? I heard there is a $5...
If I should have filed Form 8938 but didn't, does that keep my tax year open too?
My LLC may have crossed into being a specified domestic entity, and I think I should have filed Form 8938 with the return but didn't. Separate from the $10,000 penalty, does leaving Form 8938 off the ...
Did the IRS already release 2026 inflation adjustments reflecting OBBBA?
I'm doing 2026 planning. Are the IRS's published 2026 numbers (standard deduction, FEIE) already updated for OBBBA, or do I have to do the math myself?
Did the IRS confirm personal exemptions stay gone in 2026 under OBBBA?
TCJA eliminated personal exemptions, but with the sunset I wasn't sure for 2026. Did OBBBA make that elimination permanent, and is the IRS already operating under that?
Did the old TCJA individual tax rates snap back in 2026?
I read that TCJA provisions were sunsetting at the end of 2025. Did individual rates revert to pre-TCJA levels for 2026, or did OBBBA change that?
Form 8275 or Form 8275-R — which one do I file to disclose a tax position on my foreign-owned LLC return?
My CPA wants to take a position on my U.S. LLC's pro forma 1120 that he says goes against a Treasury regulation. He mentioned filing either Form 8275 or Form 8275-R but I don't really understand which...
Form 843 asks for the code section behind the penalty and I am not sure what to put there. Is that a small detail or a big one?
I can describe the notice and the payment just fine, but the Instructions for Form 843 also say to identify the Internal Revenue Code section on which the penalty is based. That makes me nervous becau...
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